MSIQX vs. TIVFX
MSIQX (Morgan Stanley Institutional Fund, Inc. International Equity Portfolio) and TIVFX (American Beacon Tocqueville International Value Fund) are both Foreign Large Cap Equities funds. Over the past 10 years, MSIQX returned 0.73%/yr vs 9.61%/yr for TIVFX. A 0.76 correlation means they provide meaningful diversification when combined. MSIQX charges 0.95%/yr vs 1.20%/yr for TIVFX.
Performance
MSIQX vs. TIVFX - 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 TIVFX's 35.17% return. Over the past 10 years, MSIQX has underperformed TIVFX with an annualized return of 0.73%, while TIVFX has yielded a comparatively higher 9.61% 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%
TIVFX
- 1D
- 0.11%
- 1M
- 3.80%
- YTD
- 35.17%
- 6M
- 39.21%
- 1Y
- 66.10%
- 3Y*
- 26.48%
- 5Y*
- 11.10%
- 10Y*
- 9.61%
MSIQX vs. TIVFX - 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% |
TIVFX American Beacon Tocqueville International Value Fund | 35.17% | 36.15% | 3.73% | 15.43% | -20.57% | 7.53% | 12.61% | 19.38% | -19.87% | 24.18% |
Correlation
The correlation between MSIQX and TIVFX is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Aug 2, 1994 | 0.76 |
The correlation between MSIQX and TIVFX shifts across timeframes, from 0.63 (1 year) to 0.82 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
MSIQX vs. TIVFX — Risk / Return Rank
MSIQX
TIVFX
MSIQX vs. TIVFX - 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 American Beacon Tocqueville International Value Fund (TIVFX). 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 | TIVFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.44 | ||
| Sortino ratioReturn per unit of downside risk | -5.12 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.61 | -0.86 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 5.75 | -6.54 |
| Martin ratioReturn relative to average drawdown | -1.28 | 21.04 | -22.32 |
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
| MSIQX | TIVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.80 | 3.64 | -4.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.20 | 0.60 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.03 | 0.55 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.40 | -0.09 |
Drawdowns
MSIQX vs. TIVFX - Drawdown Comparison
The maximum MSIQX drawdown since its inception was -56.18%, roughly equal to the maximum TIVFX drawdown of -54.21%. Use the drawdown chart below to compare losses from any high point for MSIQX and TIVFX.
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Drawdown Indicators
| MSIQX | TIVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.18% | -54.21% | -1.97% |
Max Drawdown (1Y)Largest decline over 1 year | -49.39% | -11.69% | -37.70% |
Max Drawdown (3Y)Largest decline over 3 years | -56.18% | -23.99% | -32.19% |
Max Drawdown (5Y)Largest decline over 5 years | -56.18% | -36.31% | -19.87% |
Max Drawdown (10Y)Largest decline over 10 years | -56.18% | -41.51% | -14.67% |
Current DrawdownCurrent decline from peak | -49.97% | -1.91% | -48.06% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -13.38% | +4.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.26% | 3.19% | +27.07% |
Volatility
MSIQX vs. TIVFX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund, Inc. International Equity Portfolio (MSIQX) is 4.55%, while American Beacon Tocqueville International Value Fund (TIVFX) has a volatility of 6.58%. This indicates that MSIQX experiences smaller price fluctuations and is considered to be less risky than TIVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSIQX | TIVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.55% | 6.58% | -2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 62.65% | 15.06% | +47.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.41% | 18.47% | +29.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.99% | 18.61% | +15.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.76% | 17.62% | +9.14% |
MSIQX vs. TIVFX - Expense Ratio Comparison
MSIQX has a 0.95% expense ratio, which is lower than TIVFX's 1.20% expense ratio.
Dividends
MSIQX vs. TIVFX - Dividend Comparison
MSIQX has not paid dividends to shareholders, while TIVFX's dividend yield for the trailing twelve months is around 6.53%.
| 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% |
TIVFX American Beacon Tocqueville International Value Fund | 6.53% | 8.82% | 10.23% | 1.66% | 1.39% | 3.65% | 0.34% | 1.69% | 1.37% | 1.28% | 1.57% | 3.01% |
Frequently Asked Questions
MSIQX and TIVFX have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TIVFX has higher volatility (6.58%) compared to MSIQX (4.55%). In terms of maximum drawdown, MSIQX dropped -56.18% vs TIVFX's -54.21%.
TIVFX currently has the higher Sharpe Ratio (3.64 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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