MSFAX vs. TRBCX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and TRBCX (T. Rowe Price Blue Chip Growth Fund) are both mutual funds - MSFAX is a Global Equities fund managed by T. Rowe Price, while TRBCX is a Large Cap Growth Equities fund actively managed by T. Rowe Price. Over the past 10 years, MSFAX returned 6.50%/yr vs 17.53%/yr for TRBCX. A 0.68 correlation means they provide meaningful diversification when combined. MSFAX charges 0.92%/yr vs 0.69%/yr for TRBCX.
Performance
MSFAX vs. TRBCX - 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 TRBCX's 4.00% return. Over the past 10 years, MSFAX has underperformed TRBCX with an annualized return of 6.50%, while TRBCX has yielded a comparatively higher 17.53% 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%
TRBCX
- 1D
- -1.40%
- 1M
- 3.39%
- YTD
- 4.00%
- 6M
- 3.88%
- 1Y
- 19.70%
- 3Y*
- 28.20%
- 5Y*
- 13.20%
- 10Y*
- 17.53%
MSFAX vs. TRBCX - 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% |
TRBCX T. Rowe Price Blue Chip Growth Fund | 4.00% | 18.78% | 48.46% | 49.42% | -38.57% | 17.54% | 34.73% | 29.97% | 2.00% | 36.54% |
Correlation
The correlation between MSFAX and TRBCX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2001 | 0.68 |
Over the past year, the correlation between MSFAX and TRBCX has dropped to 0.46 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
MSFAX vs. TRBCX — Risk / Return Rank
MSFAX
TRBCX
MSFAX vs. TRBCX - 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 Blue Chip Growth Fund (TRBCX). 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 | TRBCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.74 | ||
| Sortino ratioReturn per unit of downside risk | -3.53 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.22 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.21 | -2.06 |
| Martin ratioReturn relative to average drawdown | -1.57 | 4.08 | -5.65 |
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 | TRBCX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.51 | 1.23 | -2.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.55 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.77 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.61 | 0.60 | +0.01 |
Drawdowns
MSFAX vs. TRBCX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum TRBCX drawdown of -54.56%. Use the drawdown chart below to compare losses from any high point for MSFAX and TRBCX.
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Drawdown Indicators
| MSFAX | TRBCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -54.56% | +10.75% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -17.01% | -12.99% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -23.08% | -10.81% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -43.63% | +9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -43.63% | +9.74% |
Current DrawdownCurrent decline from peak | -29.87% | -2.08% | -27.79% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -11.30% | +5.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 5.02% | +11.11% |
Volatility
MSFAX vs. TRBCX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) is 2.87%, while T. Rowe Price Blue Chip Growth Fund (TRBCX) has a volatility of 3.90%. This indicates that MSFAX experiences smaller price fluctuations and is considered to be less risky than TRBCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | TRBCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.90% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 13.44% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 16.72% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 24.03% | -7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 22.79% | -5.87% |
MSFAX vs. TRBCX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is higher than TRBCX's 0.69% expense ratio.
Dividends
MSFAX vs. TRBCX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while TRBCX's dividend yield for the trailing twelve months is around 5.04%.
| 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% |
TRBCX T. Rowe Price Blue Chip Growth Fund | 5.04% | 5.25% | 18.16% | 3.49% | 5.87% | 9.38% | 1.19% | 0.36% | 2.44% | 2.94% | 0.67% | 3.26% |
Frequently Asked Questions
MSFAX and TRBCX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRBCX has higher volatility (3.90%) compared to MSFAX (2.87%). In terms of maximum drawdown, MSFAX dropped -43.81% vs TRBCX's -54.56%.
TRBCX currently has the higher Sharpe Ratio (1.23 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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