MSIQX vs. PRDGX
MSIQX (Morgan Stanley Institutional Fund, Inc. International Equity Portfolio) and PRDGX (T. Rowe Price Dividend Growth Fund, Inc.) are both mutual funds - MSIQX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while PRDGX is a Large Cap Blend Equities fund managed by T. Rowe Price. Over the past 10 years, MSIQX returned 0.73%/yr vs 12.87%/yr for PRDGX. A 0.60 correlation means they provide meaningful diversification when combined. MSIQX charges 0.95%/yr vs 0.62%/yr for PRDGX.
Performance
MSIQX vs. PRDGX - Performance Comparison
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Returns By Period
In the year-to-date period, MSIQX achieves a 7.19% return, which is significantly lower than PRDGX's 7.60% return. Over the past 10 years, MSIQX has underperformed PRDGX with an annualized return of 0.73%, while PRDGX has yielded a comparatively higher 12.87% 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%
PRDGX
- 1D
- 0.79%
- 1M
- 3.23%
- YTD
- 7.60%
- 6M
- 7.74%
- 1Y
- 17.14%
- 3Y*
- 15.54%
- 5Y*
- 10.09%
- 10Y*
- 12.87%
MSIQX vs. PRDGX - 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% |
PRDGX T. Rowe Price Dividend Growth Fund, Inc. | 7.60% | 14.74% | 13.48% | 13.68% | -10.22% | 26.03% | 13.92% | 31.76% | -1.06% | 18.89% |
Correlation
The correlation between MSIQX and PRDGX is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 1993 | 0.60 |
The correlation between MSIQX and PRDGX shifts across timeframes, from 0.60 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSIQX vs. PRDGX — Risk / Return Rank
MSIQX
PRDGX
MSIQX vs. PRDGX - 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 T. Rowe Price Dividend Growth Fund, Inc. (PRDGX). 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 | PRDGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.62 | ||
| Sortino ratioReturn per unit of downside risk | -3.28 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.32 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 2.41 | -3.19 |
| Martin ratioReturn relative to average drawdown | -1.28 | 9.85 | -11.12 |
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 | PRDGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 1.82 | -2.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.72 | -0.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.81 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.66 | -0.35 |
Drawdowns
MSIQX vs. PRDGX - Drawdown Comparison
The maximum MSIQX drawdown since its inception was -56.18%, which is greater than PRDGX's maximum drawdown of -49.79%. Use the drawdown chart below to compare losses from any high point for MSIQX and PRDGX.
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Drawdown Indicators
| MSIQX | PRDGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -49.79% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -7.34% | -42.05% |
Max Drawdown (3Y)Largest decline over 3 years | -56.18% | -14.15% | -42.03% |
Max Drawdown (5Y)Largest decline over 5 years | -56.18% | -19.31% | -36.87% |
Max Drawdown (10Y)Largest decline over 10 years | -56.18% | -33.18% | -23.00% |
Current DrawdownCurrent decline from peak | -49.97% | 0.00% | -49.97% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -5.42% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 1.79% | +28.47% |
Volatility
MSIQX vs. PRDGX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Equity Portfolio (MSIQX) has a higher volatility of 4.55% compared to T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) at 2.33%. This indicates that MSIQX's price experiences larger fluctuations and is considered to be riskier than PRDGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSIQX | PRDGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 2.33% | +2.22% |
Volatility (6M)Calculated over the trailing 6-month period | 62.65% | 7.56% | +55.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.41% | 9.72% | +38.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.99% | 14.06% | +19.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 15.88% | +10.88% |
MSIQX vs. PRDGX - Expense Ratio Comparison
MSIQX has a 0.95% expense ratio, which is higher than PRDGX's 0.62% expense ratio.
Dividends
MSIQX vs. PRDGX - Dividend Comparison
MSIQX has not paid dividends to shareholders, while PRDGX's dividend yield for the trailing twelve months is around 7.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PRDGX T. Rowe Price Dividend Growth Fund, Inc. | 7.52% | 8.02% | 4.66% | 2.78% | 3.81% | 2.00% | 1.03% | 2.33% | 3.67% | 1.82% | 3.07% | 7.57% |
Frequently Asked Questions
MSIQX and PRDGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSIQX has higher volatility (4.55%) compared to PRDGX (2.33%). In terms of maximum drawdown, MSIQX dropped -56.18% vs PRDGX's -49.79%.
PRDGX currently has the higher Sharpe Ratio (1.82 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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