MSIQX vs. PREIX
MSIQX (Morgan Stanley Institutional Fund, Inc. International Equity Portfolio) and PREIX (T. Rowe Price Equity Index 500 Fund) are both mutual funds - MSIQX is a Foreign Large Cap Equities fund managed by T. Rowe Price, while PREIX is a Large Cap Blend Equities fund managed by T. Rowe Price. Over the past 10 years, MSIQX returned 0.73%/yr vs 15.42%/yr for PREIX. A 0.55 correlation means they provide meaningful diversification when combined. MSIQX charges 0.95%/yr vs 0.15%/yr for PREIX.
Performance
MSIQX vs. PREIX - 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 PREIX's 11.61% return. Over the past 10 years, MSIQX has underperformed PREIX with an annualized return of 0.73%, while PREIX has yielded a comparatively higher 15.42% 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%
PREIX
- 1D
- 0.13%
- 1M
- 5.78%
- YTD
- 11.61%
- 6M
- 11.63%
- 1Y
- 28.74%
- 3Y*
- 22.53%
- 5Y*
- 14.08%
- 10Y*
- 15.42%
MSIQX vs. PREIX - 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% |
PREIX T. Rowe Price Equity Index 500 Fund | 11.61% | 17.66% | 24.78% | 26.07% | -18.27% | 28.48% | 18.17% | 31.47% | -4.59% | 21.01% |
Correlation
The correlation between MSIQX and PREIX is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 1991 | 0.55 |
Over the past year, MSIQX and PREIX have become more correlated (0.75) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
MSIQX vs. PREIX — Risk / Return Rank
MSIQX
PREIX
MSIQX vs. PREIX - 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 Equity Index 500 Fund (PREIX). 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 | PREIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.30 | ||
| Sortino ratioReturn per unit of downside risk | -4.08 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.45 | -0.70 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 3.32 | -4.10 |
| Martin ratioReturn relative to average drawdown | -1.28 | 15.47 | -16.75 |
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 | PREIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 2.50 | -3.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.83 | -1.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.85 | -0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.61 | -0.30 |
Drawdowns
MSIQX vs. PREIX - Drawdown Comparison
The maximum MSIQX drawdown since its inception was -56.18%, roughly equal to the maximum PREIX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for MSIQX and PREIX.
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Drawdown Indicators
| MSIQX | PREIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -55.32% | -0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -8.93% | -40.46% |
Max Drawdown (3Y)Largest decline over 3 years | -56.18% | -18.78% | -37.40% |
Max Drawdown (5Y)Largest decline over 5 years | -56.18% | -24.60% | -31.58% |
Max Drawdown (10Y)Largest decline over 10 years | -56.18% | -33.81% | -22.37% |
Current DrawdownCurrent decline from peak | -49.97% | 0.00% | -49.97% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -8.73% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 1.91% | +28.35% |
Volatility
MSIQX vs. PREIX - Volatility Comparison
Morgan Stanley Institutional Fund, Inc. International Equity Portfolio (MSIQX) has a higher volatility of 4.55% compared to T. Rowe Price Equity Index 500 Fund (PREIX) at 2.83%. This indicates that MSIQX's price experiences larger fluctuations and is considered to be riskier than PREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSIQX | PREIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 2.83% | +1.72% |
Volatility (6M)Calculated over the trailing 6-month period | 62.65% | 8.98% | +53.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.41% | 11.87% | +36.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.99% | 17.00% | +16.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 18.11% | +8.65% |
MSIQX vs. PREIX - Expense Ratio Comparison
MSIQX has a 0.95% expense ratio, which is higher than PREIX's 0.15% expense ratio.
Dividends
MSIQX vs. PREIX - Dividend Comparison
MSIQX has not paid dividends to shareholders, while PREIX's dividend yield for the trailing twelve months is around 2.10%.
| 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% |
PREIX T. Rowe Price Equity Index 500 Fund | 2.10% | 2.32% | 1.17% | 1.32% | 1.50% | 1.56% | 1.97% | 2.13% | 2.60% | 1.30% | 2.03% | 2.02% |
Frequently Asked Questions
MSIQX and PREIX have a correlation of 0.75, 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 PREIX (2.83%). In terms of maximum drawdown, MSIQX dropped -56.18% vs PREIX's -55.32%.
PREIX currently has the higher Sharpe Ratio (2.50 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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