MSIQX vs. IVFIX
MSIQX (Morgan Stanley Institutional Fund, Inc. International Equity Portfolio) and IVFIX (Federated Hermes International Strategic Value Dividend Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, MSIQX returned 0.73%/yr vs 6.83%/yr for IVFIX. Their correlation of 0.83 suggests significant overlap in exposure. MSIQX charges 0.95%/yr vs 0.86%/yr for IVFIX.
Performance
MSIQX vs. IVFIX - Performance Comparison
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Returns By Period
In the year-to-date period, MSIQX achieves a 7.19% return, which is significantly higher than IVFIX's 6.24% return. Over the past 10 years, MSIQX has underperformed IVFIX with an annualized return of 0.73%, while IVFIX has yielded a comparatively higher 6.83% annualized return.
MSIQX
- 1D
- 0.56%
- 1M
- 3.62%
- YTD
- 7.19%
- 6M
- -40.83%
- 1Y
- -38.17%
- 3Y*
- -8.75%
- 5Y*
- -6.78%
- 10Y*
- 0.73%
IVFIX
- 1D
- 0.42%
- 1M
- -0.70%
- YTD
- 6.24%
- 6M
- 8.36%
- 1Y
- 16.08%
- 3Y*
- 14.05%
- 5Y*
- 9.14%
- 10Y*
- 6.83%
MSIQX vs. IVFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSIQX Morgan Stanley Institutional Fund, Inc. International Equity Portfolio | 7.19% | -33.40% | 2.70% | 16.86% | -14.24% | 4.11% | 11.43% | 20.49% | -13.92% | 25.18% |
IVFIX Federated Hermes International Strategic Value Dividend Fund | 6.24% | 31.79% | 1.91% | 11.05% | -2.54% | 11.58% | -1.74% | 20.15% | -11.96% | 14.63% |
Correlation
The correlation between MSIQX and IVFIX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2008 | 0.83 |
Over the past year, the correlation between MSIQX and IVFIX has dropped to 0.47 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
MSIQX vs. IVFIX — Risk / Return Rank
MSIQX
IVFIX
MSIQX vs. IVFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund, Inc. International Equity Portfolio (MSIQX) and Federated Hermes International Strategic Value Dividend Fund (IVFIX). 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.
| MSIQX | IVFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.29 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.71 | -3.49 |
| Martin ratioReturn relative to average drawdown | -1.28 | 7.31 | -8.58 |
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
| MSIQX | IVFIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 1.57 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.73 | -0.93 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.47 | -0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.21 | +0.10 |
Drawdowns
MSIQX vs. IVFIX - Drawdown Comparison
The maximum MSIQX drawdown since its inception was -56.18%, which is greater than IVFIX's maximum drawdown of -51.49%. Use the drawdown chart below to compare losses from any high point for MSIQX and IVFIX.
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Drawdown Indicators
| MSIQX | IVFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -51.49% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -6.97% | -42.42% |
Max Drawdown (3Y)Largest decline over 3 years | -56.18% | -10.75% | -45.43% |
Max Drawdown (5Y)Largest decline over 5 years | -56.18% | -21.29% | -34.89% |
Max Drawdown (10Y)Largest decline over 10 years | -56.18% | -33.46% | -22.72% |
Current DrawdownCurrent decline from peak | -49.97% | -5.67% | -44.30% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -11.62% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 2.59% | +27.67% |
Volatility
MSIQX vs. IVFIX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. International Equity Portfolio (MSIQX) is 4.55%, while Federated Hermes International Strategic Value Dividend Fund (IVFIX) has a volatility of 4.83%. This indicates that MSIQX experiences smaller price fluctuations and is considered to be less risky than IVFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSIQX | IVFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 4.83% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 62.65% | 9.35% | +53.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.41% | 12.10% | +36.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.99% | 13.13% | +20.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 14.78% | +11.98% |
MSIQX vs. IVFIX - Expense Ratio Comparison
MSIQX has a 0.95% expense ratio, which is higher than IVFIX's 0.86% expense ratio.
Dividends
MSIQX vs. IVFIX - Dividend Comparison
MSIQX has not paid dividends to shareholders, while IVFIX's dividend yield for the trailing twelve months is around 3.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVFIX Federated Hermes International Strategic Value Dividend Fund | 3.58% | 3.37% | 4.44% | 4.01% | 3.99% | 3.67% | 3.62% | 3.98% | 4.97% | 4.17% | 3.38% | 3.95% |
MSIQX Morgan Stanley Institutional Fund, Inc. International Equity Portfolio | 0.00% | 0.00% | 40.18% | 4.40% | 7.56% | 10.56% | 1.36% | 10.14% | 14.89% | 1.91% | 1.07% | 2.89% |
Frequently Asked Questions
MSIQX and IVFIX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVFIX has higher volatility (4.83%) compared to MSIQX (4.55%). In terms of maximum drawdown, MSIQX dropped -56.18% vs IVFIX's -51.49%.
IVFIX currently has the higher Sharpe Ratio (1.57 vs -0.80), 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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