DGFFX vs. DINDX

Last updated Jun 24, 2026

DGFFX (Destinations Global Fixed Income Opportunities Fund) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - DGFFX is a Global Bonds fund managed by Destinations Funds, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. At a 0.42 correlation, their price movements are largely independent. DGFFX charges 0.99%/yr vs 0.56%/yr for DINDX.

Performance

DGFFX vs. DINDX - Performance Comparison

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

Returns By Period

DGFFX

• 1D: -0.11%
• 1M: 0.61%
• YTD: 2.66%
• 6M: 2.73%
• 1Y: 6.07%
• 3Y*: 7.32%
• 5Y*: 3.75%
• 10Y*: —

DINDX

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

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

DGFFX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DGFFX Destinations Global Fixed Income Opportunities Fund	2.66%	5.84%	8.04%	7.82%	-6.09%	4.91%	3.59%	6.64%	-0.35%	3.57%
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%	6.00%

Correlation

The correlation between DGFFX and DINDX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (All Time) Calculated using the full available price history since Mar 20, 2017	0.42

Over the past year, the correlation between DGFFX and DINDX has dropped to 0.19 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.

Return for Risk

DGFFX vs. DINDX — Risk / Return Rank

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

DGFFX

DGFFX Risk / Return Rank: 98
DGFFX Sharpe Ratio Rank: 98
DGFFX Sortino Ratio Rank: 98
DGFFX Omega Ratio Rank: 97
DGFFX Calmar Ratio Rank: 97
DGFFX Martin Ratio Rank: 98

DINDX

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

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.

DGFFX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Destinations Global Fixed Income Opportunities Fund (DGFFX) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DGFFX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	3.71	—	—
Sortino ratio: Return per unit of downside risk	5.96	—	—
Omega ratio: Gain probability vs. loss probability	1.89	—	—
Calmar ratio: Return relative to maximum drawdown	6.46	—	—
Martin ratio: Return relative to average drawdown	29.25	—	—

Drawdowns

Drawdown Indicators

	DGFFX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-12.69%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-1.19%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.38%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-8.17%	—	—
Current Drawdown Current decline from peak	-0.21%	—	—
Average Drawdown Average peak-to-trough decline	-1.32%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.45%	—	—

Volatility

Volatility by Period

	DGFFX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.08%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.43%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.60%	—	—

DGFFX vs. DINDX - Expense Ratio Comparison

DGFFX has a 0.99% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

DGFFX vs. DINDX - Dividend Comparison

DGFFX's dividend yield for the trailing twelve months is around 6.24%, while DINDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGFFX Destinations Global Fixed Income Opportunities Fund	6.24%	5.52%	6.81%	4.95%	3.37%	4.14%	4.22%	4.18%	3.79%	2.94%	0.00%	0.00%
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	2.27%	4.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%

Frequently Asked Questions

Can I hold both DGFFX and DINDX in my portfolio?

DGFFX and DINDX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.