CAF vs. DINDX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley China A Share Fund (CAF) and Morgan Stanley Global Fixed Income Opportunities Fund (DINDX).

CAF is an actively managed fund by Morgan Stanley. It was launched on Jul 6, 2006. DINDX is an actively managed fund by Morgan Stanley. It was launched on Jul 27, 1997.

Performance

CAF vs. DINDX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley China A Share Fund (CAF) and Morgan Stanley Global Fixed Income Opportunities Fund (DINDX). The values are adjusted to include any dividend payments, if applicable.

CAF vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CAF Morgan Stanley China A Share Fund	0.81%	41.51%	0.34%	-9.39%	-30.41%	-1.77%	12.74%	23.50%	-14.26%	44.94%
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	0.00%	8.28%	6.76%	8.49%	-7.06%	0.01%	5.10%	9.59%	-1.28%	7.54%

Returns By Period

CAF

• 1D: 3.67%
• 1M: -4.11%
• YTD: 0.81%
• 6M: 6.75%
• 1Y: 35.89%
• 3Y*: 8.65%
• 5Y*: -3.03%
• 10Y*: 4.78%

DINDX

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

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

CAF vs. DINDX - Expense Ratio Comparison

CAF has a 1.67% expense ratio, which is higher than DINDX's 0.56% expense ratio.

CAF

Morgan Stanley China A Share Fund

DINDX

Morgan Stanley Global Fixed Income Opportunities Fund

Return for Risk

CAF vs. DINDX — Risk / Return Rank

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

CAF

CAF Risk / Return Rank: 89
CAF Sharpe Ratio Rank: 89
CAF Sortino Ratio Rank: 89
CAF Omega Ratio Rank: 84
CAF Calmar Ratio Rank: 94
CAF Martin Ratio Rank: 90

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.

CAF vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley China A Share Fund (CAF) and Morgan Stanley Global Fixed Income Opportunities Fund (DINDX). 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.

	CAF	DINDX	Difference
Sharpe ratio Return per unit of total volatility	1.83	—	—
Sortino ratio Return per unit of downside risk	2.50	—	—
Omega ratio Gain probability vs. loss probability	1.35	—	—
Calmar ratio Return relative to maximum drawdown	3.02	—	—
Martin ratio Return relative to average drawdown	10.31	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	CAF	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	—	—

Correlation

The correlation between CAF and DINDX is 0.14, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

CAF vs. DINDX - Dividend Comparison

CAF's dividend yield for the trailing twelve months is around 1.50%, while DINDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CAF Morgan Stanley China A Share Fund	1.50%	1.51%	2.63%	0.96%	0.02%	6.57%	10.40%	3.78%	9.48%	5.20%	4.69%	67.03%
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	3.44%	4.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%

Drawdowns

Volatility

Volatility by Period

	CAF	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.90%	—	—