MSFAX vs. PRSCX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and PRSCX (T. Rowe Price Science And Technology Fund) are both mutual funds - MSFAX is a Global Equities fund managed by T. Rowe Price, while PRSCX is a Technology Equities fund managed by T. Rowe Price. Over the past 10 years, MSFAX returned 6.50%/yr vs 23.56%/yr for PRSCX. A 0.60 correlation means they provide meaningful diversification when combined. MSFAX charges 0.92%/yr vs 0.84%/yr for PRSCX.
Performance
MSFAX vs. PRSCX - Performance Comparison
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Returns By Period
In the year-to-date period, MSFAX achieves a -9.27% return, which is significantly lower than PRSCX's 41.41% return. Over the past 10 years, MSFAX has underperformed PRSCX with an annualized return of 6.50%, while PRSCX has yielded a comparatively higher 23.56% 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%
PRSCX
- 1D
- 2.32%
- 1M
- 21.76%
- YTD
- 41.41%
- 6M
- 38.56%
- 1Y
- 83.87%
- 3Y*
- 40.30%
- 5Y*
- 18.72%
- 10Y*
- 23.56%
MSFAX vs. PRSCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRSCX T. Rowe Price Science And Technology Fund | 41.41% | 24.28% | 40.49% | 53.77% | -35.40% | 5.83% | 45.94% | 53.80% | -7.52% | 39.38% |
Correlation
The correlation between MSFAX and PRSCX is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2001 | 0.60 |
Over the past year, the correlation between MSFAX and PRSCX has dropped to 0.25 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
MSFAX vs. PRSCX — Risk / Return Rank
MSFAX
PRSCX
MSFAX vs. PRSCX - 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 Science And Technology Fund (PRSCX). 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.
| MSFAX | PRSCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.30 | ||
| Sortino ratioReturn per unit of downside risk | -6.23 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.59 | -0.89 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 5.02 | -5.86 |
| Martin ratioReturn relative to average drawdown | -1.57 | 18.70 | -20.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MSFAX | PRSCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.51 | 3.79 | -5.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.68 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.96 | -0.57 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.52 | +0.08 |
Drawdowns
MSFAX vs. PRSCX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum PRSCX drawdown of -85.26%. Use the drawdown chart below to compare losses from any high point for MSFAX and PRSCX.
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Drawdown Indicators
| MSFAX | PRSCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -85.26% | +41.45% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -17.99% | -12.01% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -31.06% | -2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -46.19% | +12.30% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -46.19% | +12.30% |
Current DrawdownCurrent decline from peak | -29.87% | 0.00% | -29.87% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -29.89% | +24.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 4.75% | +11.38% |
Volatility
MSFAX vs. PRSCX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) is 2.87%, while T. Rowe Price Science And Technology Fund (PRSCX) has a volatility of 9.43%. This indicates that MSFAX experiences smaller price fluctuations and is considered to be less risky than PRSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | PRSCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 9.43% | -6.56% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 19.91% | -3.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 23.82% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 27.82% | -10.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 24.81% | -7.89% |
MSFAX vs. PRSCX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is higher than PRSCX's 0.84% expense ratio.
Dividends
MSFAX vs. PRSCX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while PRSCX's dividend yield for the trailing twelve months is around 8.15%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRSCX T. Rowe Price Science And Technology Fund | 8.15% | 11.53% | 9.43% | 0.00% | 7.83% | 33.69% | 13.90% | 10.91% | 36.03% | 13.21% | 3.68% | 18.51% |
Frequently Asked Questions
MSFAX and PRSCX have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PRSCX has higher volatility (9.43%) compared to MSFAX (2.87%). In terms of maximum drawdown, MSFAX dropped -43.81% vs PRSCX's -85.26%.
PRSCX currently has the higher Sharpe Ratio (3.79 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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