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MSFAX vs. PREIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

Performance

MSFAX vs. PREIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and T. Rowe Price Equity Index 500 Fund (PREIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, MSFAX achieves a -9.27% return, which is significantly lower than PREIX's 11.61% return. Over the past 10 years, MSFAX has underperformed PREIX with an annualized return of 6.50%, while PREIX has yielded a comparatively higher 15.42% annualized return.


MSFAX

1D
-1.14%
1M
-1.97%
YTD
-9.27%
6M
-19.53%
1Y
-25.03%
3Y*
-2.08%
5Y*
-0.70%
10Y*
6.50%

PREIX

1D
0.13%
1M
5.78%
YTD
11.61%
6M
11.63%
1Y
28.74%
3Y*
22.53%
5Y*
14.08%
10Y*
15.42%
*Multi-year figures are annualized to reflect compound growth (CAGR)

MSFAX vs. PREIX - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
MSFAX
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio
-9.27%-11.65%8.94%16.41%-17.26%21.89%13.24%34.63%-1.66%24.68%
PREIX
T. Rowe Price Equity Index 500 Fund
11.61%17.66%24.78%26.07%-18.27%28.48%18.17%31.47%-4.59%21.01%

Correlation

The correlation between MSFAX and PREIX is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.61

Correlation (3Y)
Calculated over the trailing 3-year period

0.70

Correlation (5Y)
Calculated over the trailing 5-year period

0.79

Correlation (10Y)
Calculated over the trailing 10-year period

0.78

Correlation (All Time)
Calculated using the full available price history since Dec 3, 2001

0.74

The correlation between MSFAX and PREIX shifts across timeframes, from 0.61 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

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Return for Risk

MSFAX vs. PREIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSFAX
MSFAX Risk / Return Rank: 00
Overall Rank
MSFAX Sharpe Ratio Rank: 00
Sharpe Ratio Rank
MSFAX Sortino Ratio Rank: 00
Sortino Ratio Rank
MSFAX Omega Ratio Rank: 00
Omega Ratio Rank
MSFAX Calmar Ratio Rank: 00
Calmar Ratio Rank
MSFAX Martin Ratio Rank: 00
Martin Ratio Rank

PREIX
PREIX Risk / Return Rank: 7272
Overall Rank
PREIX Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
PREIX Sortino Ratio Rank: 6666
Sortino Ratio Rank
PREIX Omega Ratio Rank: 6666
Omega Ratio Rank
PREIX Calmar Ratio Rank: 7373
Calmar Ratio Rank
PREIX Martin Ratio Rank: 8282
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSFAX vs. PREIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and T. Rowe Price Equity Index 500 Fund (PREIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


MSFAXPREIXDifference
Sharpe ratioReturn per unit of total volatility

-4.01

Sortino ratioReturn per unit of downside risk

-5.23

Omega ratioGain probability vs. loss probability

0.69

1.45

-0.76

Calmar ratioReturn relative to maximum drawdown

-0.85

3.32

-4.17

Martin ratioReturn relative to average drawdown

-1.57

15.47

-17.04

MSFAX vs. PREIX - Sharpe Ratio Comparison

The current MSFAX Sharpe Ratio is -1.51, which is lower than the PREIX Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of MSFAX and PREIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


MSFAXPREIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-1.51

2.50

-4.01

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

-0.04

0.83

-0.87

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.39

0.85

-0.47

Sharpe Ratio (All Time)

Calculated using the full available price history

0.61

0.61

-0.01

Drawdowns

MSFAX vs. PREIX - Drawdown Comparison

The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for MSFAX and PREIX.


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Drawdown Indicators


MSFAXPREIXDifference

Max Drawdown

Largest peak-to-trough decline

-43.81%

-55.32%

+11.51%

Max Drawdown (1Y)

Largest decline over 1 year

-30.00%

-8.93%

-21.07%

Max Drawdown (3Y)

Largest decline over 3 years

-33.89%

-18.78%

-15.11%

Max Drawdown (5Y)

Largest decline over 5 years

-33.89%

-24.60%

-9.29%

Max Drawdown (10Y)

Largest decline over 10 years

-33.89%

-33.81%

-0.08%

Current Drawdown

Current decline from peak

-29.87%

0.00%

-29.87%

Average Drawdown

Average peak-to-trough decline

-5.86%

-8.73%

+2.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

16.13%

1.91%

+14.22%

Volatility

MSFAX vs. PREIX - Volatility Comparison

Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) and T. Rowe Price Equity Index 500 Fund (PREIX) have volatilities of 2.87% and 2.83%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


MSFAXPREIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.87%

2.83%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

16.01%

8.98%

+7.03%

Volatility (1Y)

Calculated over the trailing 1-year period

16.85%

11.87%

+4.98%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.94%

17.00%

-0.06%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.92%

18.11%

-1.19%

MSFAX vs. PREIX - Expense Ratio Comparison

MSFAX has a 0.92% expense ratio, which is higher than PREIX's 0.15% expense ratio.


Dividends

MSFAX vs. PREIX - Dividend Comparison

MSFAX has not paid dividends to shareholders, while PREIX's dividend yield for the trailing twelve months is around 2.10%.


PositionTTM20252024202320222021202020192018201720162015
MSFAX
Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio
0.00%0.00%11.85%1.96%1.69%2.75%3.48%8.23%5.76%3.72%3.11%4.75%
PREIX
T. Rowe Price Equity Index 500 Fund
2.10%2.32%1.17%1.32%1.50%1.56%1.97%2.13%2.60%1.30%2.03%2.02%

Frequently Asked Questions


MSFAX and PREIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MSFAX has higher volatility (2.87%) compared to PREIX (2.83%). In terms of maximum drawdown, MSFAX dropped -43.81% vs PREIX's -55.32%.

PREIX currently has the higher Sharpe Ratio (2.50 vs -1.51), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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