MSYIX vs. FQTIX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) and Franklin Templeton SMACS: Series I (FQTIX).

MSYIX is managed by Morgan Stanley. It was launched on Feb 7, 2012. FQTIX is managed by Franklin Templeton. It was launched on Jun 3, 2019.

Performance

MSYIX vs. FQTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) and Franklin Templeton SMACS: Series I (FQTIX). The values are adjusted to include any dividend payments, if applicable.

MSYIX vs. FQTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	0.47%	7.94%	8.78%	13.52%	-11.56%	5.57%	3.26%	6.03%
FQTIX Franklin Templeton SMACS: Series I	0.52%	7.51%	8.03%	13.44%	-14.39%	8.51%	3.68%	4.11%

Returns By Period

MSYIX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FQTIX

• 1D: 0.25%
• 1M: -1.83%
• YTD: 0.52%
• 6M: 2.66%
• 1Y: 9.72%
• 3Y*: 7.86%
• 5Y*: 3.61%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MSYIX vs. FQTIX - Expense Ratio Comparison

MSYIX has a 0.65% expense ratio, which is higher than FQTIX's 0.00% expense ratio.

MSYIX

Morgan Stanley Institutional Fund Trust High Yield Portfolio

FQTIX

Franklin Templeton SMACS: Series I

Return for Risk

MSYIX vs. FQTIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FQTIX

FQTIX Risk / Return Rank: 97
FQTIX Sharpe Ratio Rank: 97
FQTIX Sortino Ratio Rank: 96
FQTIX Omega Ratio Rank: 97
FQTIX Calmar Ratio Rank: 97
FQTIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSYIX vs. FQTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust High Yield Portfolio (MSYIX) and Franklin Templeton SMACS: Series I (FQTIX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MSYIX	FQTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.55	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.55	—

Correlation

The correlation between MSYIX and FQTIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

MSYIX vs. FQTIX - Dividend Comparison

MSYIX's dividend yield for the trailing twelve months is around 5.84%, less than FQTIX's 7.03% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSYIX Morgan Stanley Institutional Fund Trust High Yield Portfolio	5.84%	7.03%	7.25%	6.71%	6.29%	5.57%	5.90%	6.20%	6.27%	5.75%	6.22%	6.77%
FQTIX Franklin Templeton SMACS: Series I	7.03%	5.70%	7.86%	7.64%	8.10%	7.15%	6.89%	5.63%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Drawdown Indicators

	MSYIX	FQTIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-24.62%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-2.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-18.81%	—
Current Drawdown Current decline from peak	—	-1.95%	—
Average Drawdown Average peak-to-trough decline	—	-4.42%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.54%	—

Volatility

Volatility by Period

	MSYIX	FQTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.57%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.38%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	3.85%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	5.92%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	7.80%	—