DINDX vs. MEMEX

Last updated Jun 25, 2026

DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) and MEMEX (Morgan Stanley Emerging Markets Equity Portfolio) are both mutual funds - DINDX is a Multisector Bonds fund actively managed by Morgan Stanley, while MEMEX is a Emerging Markets Diversified fund managed by Morgan Stanley. At a 0.23 correlation, their price movements are largely independent. DINDX charges 0.56%/yr vs 1.25%/yr for MEMEX.

Performance

DINDX vs. MEMEX - Performance Comparison

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

Returns By Period

DINDX

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

MEMEX

• 1D: -5.46%
• 1M: 2.18%
• YTD: 28.06%
• 6M: 29.76%
• 1Y: 50.75%
• 3Y*: 24.83%
• 5Y*: 7.82%
• 10Y*: —

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

DINDX vs. MEMEX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	6.85%
MEMEX Morgan Stanley Emerging Markets Equity Portfolio	28.06%	32.98%	7.82%	11.90%	-25.14%	2.99%	14.40%	19.61%	-17.46%	26.45%

Correlation

The correlation between DINDX and MEMEX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.23

Return for Risk

DINDX vs. MEMEX — Risk / Return Rank

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

DINDX

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

MEMEX

MEMEX Risk / Return Rank: 82
MEMEX Sharpe Ratio Rank: 85
MEMEX Sortino Ratio Rank: 70
MEMEX Omega Ratio Rank: 82
MEMEX Calmar Ratio Rank: 85
MEMEX Martin Ratio Rank: 88

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.

DINDX vs. MEMEX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Morgan Stanley Emerging Markets Equity Portfolio (MEMEX). 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.

	DINDX	MEMEX	Difference
Sharpe ratio: Return per unit of total volatility	—	2.44	—
Sortino ratio: Return per unit of downside risk	—	3.00	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	3.66	—
Martin ratio: Return relative to average drawdown	—	14.75	—

Drawdowns

Drawdown Indicators

	DINDX	MEMEX	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.90%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.99%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.21%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.30%	—
Current Drawdown Current decline from peak	—	-5.74%	—
Average Drawdown Average peak-to-trough decline	—	-14.98%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.71%	—

Volatility

Volatility by Period

	DINDX	MEMEX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.81%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.62%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	22.48%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.50%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.62%	—

DINDX vs. MEMEX - Expense Ratio Comparison

DINDX has a 0.56% expense ratio, which is lower than MEMEX's 1.25% expense ratio.

Dividends

DINDX vs. MEMEX - Dividend Comparison

DINDX has not paid dividends to shareholders, while MEMEX's dividend yield for the trailing twelve months is around 2.62%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
MEMEX Morgan Stanley Emerging Markets Equity Portfolio	2.62%	3.35%	1.38%	3.26%	13.18%	0.86%	2.57%	7.81%	0.52%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DINDX and MEMEX in my portfolio?

DINDX and MEMEX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.