MSFAX vs. TRLGX
MSFAX (Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio) and TRLGX (T. Rowe Price Large-Cap Growth Fund) are both mutual funds - MSFAX is a Global Equities fund managed by T. Rowe Price, while TRLGX is a Large Cap Growth Equities fund managed by T. Rowe Price. Over the past 10 years, MSFAX returned 6.50%/yr vs 18.44%/yr for TRLGX. A 0.68 correlation means they provide meaningful diversification when combined. MSFAX charges 0.92%/yr vs 0.55%/yr for TRLGX.
Performance
MSFAX vs. TRLGX - 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 TRLGX's 5.12% return. Over the past 10 years, MSFAX has underperformed TRLGX with an annualized return of 6.50%, while TRLGX has yielded a comparatively higher 18.44% 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%
TRLGX
- 1D
- -0.90%
- 1M
- 5.03%
- YTD
- 5.12%
- 6M
- 4.79%
- 1Y
- 20.79%
- 3Y*
- 25.39%
- 5Y*
- 12.88%
- 10Y*
- 18.44%
MSFAX vs. TRLGX - 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% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 5.12% | 17.51% | 37.57% | 46.22% | -35.26% | 23.24% | 39.57% | 28.51% | 4.35% | 37.77% |
Correlation
The correlation between MSFAX and TRLGX is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2001 | 0.68 |
The correlation between MSFAX and TRLGX shifts across timeframes, from 0.53 (1 year) to 0.72 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSFAX vs. TRLGX — Risk / Return Rank
MSFAX
TRLGX
MSFAX vs. TRLGX - 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 Large-Cap Growth Fund (TRLGX). 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 | TRLGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.90 | ||
| Sortino ratioReturn per unit of downside risk | -3.77 | ||
| Omega ratioGain probability vs. loss probability | 0.69 | 1.24 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | 1.19 | -2.03 |
| Martin ratioReturn relative to average drawdown | -1.57 | 3.75 | -5.32 |
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 | TRLGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.51 | 1.38 | -2.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.58 | -0.62 |
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 | 0.58 | +0.03 |
Drawdowns
MSFAX vs. TRLGX - Drawdown Comparison
The maximum MSFAX drawdown since its inception was -43.81%, smaller than the maximum TRLGX drawdown of -55.56%. Use the drawdown chart below to compare losses from any high point for MSFAX and TRLGX.
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Drawdown Indicators
| MSFAX | TRLGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.81% | -55.56% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | -30.00% | -18.18% | -11.82% |
Max Drawdown (3Y)Largest decline over 3 years | -33.89% | -21.17% | -12.72% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -40.44% | +6.55% |
Max Drawdown (10Y)Largest decline over 10 years | -33.89% | -40.44% | +6.55% |
Current DrawdownCurrent decline from peak | -29.87% | -0.90% | -28.97% |
Average DrawdownAverage peak-to-trough decline | -5.86% | -8.68% | +2.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.13% | 5.72% | +10.41% |
Volatility
MSFAX vs. TRLGX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. Global Franchise Portfolio (MSFAX) is 2.87%, while T. Rowe Price Large-Cap Growth Fund (TRLGX) has a volatility of 3.27%. This indicates that MSFAX experiences smaller price fluctuations and is considered to be less risky than TRLGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSFAX | TRLGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.87% | 3.27% | -0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 16.01% | 12.35% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 15.59% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.94% | 22.38% | -5.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.92% | 21.76% | -4.84% |
MSFAX vs. TRLGX - Expense Ratio Comparison
MSFAX has a 0.92% expense ratio, which is higher than TRLGX's 0.55% expense ratio.
Dividends
MSFAX vs. TRLGX - Dividend Comparison
MSFAX has not paid dividends to shareholders, while TRLGX's dividend yield for the trailing twelve months is around 13.02%.
| 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% |
TRLGX T. Rowe Price Large-Cap Growth Fund | 13.02% | 13.69% | 9.80% | 2.04% | 3.88% | 2.56% | 0.42% | 4.09% | 7.93% | 9.27% | 1.64% | 4.71% |
Frequently Asked Questions
MSFAX and TRLGX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRLGX has higher volatility (3.27%) compared to MSFAX (2.87%). In terms of maximum drawdown, MSFAX dropped -43.81% vs TRLGX's -55.56%.
TRLGX currently has the higher Sharpe Ratio (1.38 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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