DINDX vs. MIAQX
Compare and contrast key facts about Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and American Funds Multi-Sector Income Fund (MIAQX).
DINDX is managed by Morgan Stanley. It was launched on Jul 27, 1997. MIAQX is managed by American Funds. It was launched on Mar 21, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DINDX or MIAQX.
Key characteristics
| DINDX | MIAQX | |
|---|---|---|
| YTD Return | 5.90% | 6.17% |
| 1Y Return | 10.14% | 12.73% |
| 3Y Return (Ann) | 2.23% | 1.00% |
| 5Y Return (Ann) | 2.52% | 2.91% |
| Sharpe Ratio | 3.49 | 2.99 |
| Sortino Ratio | 5.42 | 4.79 |
| Omega Ratio | 1.79 | 1.61 |
| Calmar Ratio | 2.73 | 1.34 |
| Martin Ratio | 22.10 | 16.72 |
| Ulcer Index | 0.46% | 0.75% |
| Daily Std Dev | 2.90% | 4.18% |
| Max Drawdown | -23.00% | -17.39% |
| Current Drawdown | -0.92% | -1.49% |
Correlation
The correlation between DINDX and MIAQX is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
DINDX vs. MIAQX - Performance Comparison
The year-to-date returns for both investments are quite close, with DINDX having a 5.90% return and MIAQX slightly higher at 6.17%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DINDX vs. MIAQX - Expense Ratio Comparison
DINDX has a 0.56% expense ratio, which is lower than MIAQX's 0.78% expense ratio.
Risk-Adjusted Performance
DINDX vs. MIAQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and American Funds Multi-Sector Income Fund (MIAQX). 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.
Dividends
DINDX vs. MIAQX - Dividend Comparison
DINDX's dividend yield for the trailing twelve months is around 5.33%, less than MIAQX's 6.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DINDX Morgan Stanley Global Fixed Income Opportunities Fund | 5.33% | 4.70% | 5.88% | 3.59% | 2.90% | 3.84% | 5.22% | 3.16% | 3.75% | 4.82% | 4.62% | 5.99% |
MIAQX American Funds Multi-Sector Income Fund | 6.00% | 5.82% | 4.53% | 3.40% | 4.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DINDX vs. MIAQX - Drawdown Comparison
The maximum DINDX drawdown since its inception was -23.00%, which is greater than MIAQX's maximum drawdown of -17.39%. Use the drawdown chart below to compare losses from any high point for DINDX and MIAQX. For additional features, visit the drawdowns tool.
Volatility
DINDX vs. MIAQX - Volatility Comparison
The current volatility for Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) is 0.73%, while American Funds Multi-Sector Income Fund (MIAQX) has a volatility of 1.08%. This indicates that DINDX experiences smaller price fluctuations and is considered to be less risky than MIAQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.