DINDX vs. PGHY
Compare and contrast key facts about Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Invesco Global Short Term High Yield Bond ETF (PGHY).
DINDX is an actively managed fund by Morgan Stanley. It was launched on Jul 27, 1997. PGHY is a passively managed fund by Invesco that tracks the performance of the DB Global Short Maturity High Yield Bond Index. It was launched on Jun 20, 2013.
Performance
DINDX vs. PGHY - Performance Comparison
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DINDX vs. PGHY - 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% | 7.54% |
PGHY Invesco Global Short Term High Yield Bond ETF | -0.03% | 8.88% | 8.39% | 10.15% | -5.50% | 1.22% | 3.04% | 5.87% | 0.38% | 2.97% |
Returns By Period
DINDX
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PGHY
- 1D
- 0.72%
- 1M
- -1.09%
- YTD
- -0.03%
- 6M
- 1.30%
- 1Y
- 6.01%
- 3Y*
- 8.52%
- 5Y*
- 4.23%
- 10Y*
- 4.47%
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DINDX vs. PGHY - Expense Ratio Comparison
DINDX has a 0.56% expense ratio, which is higher than PGHY's 0.35% expense ratio.
Return for Risk
DINDX vs. PGHY — Risk / Return Rank
DINDX
PGHY
DINDX vs. PGHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Invesco Global Short Term High Yield Bond ETF (PGHY). 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.
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Sharpe Ratios by Period
| DINDX | PGHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.01 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.64 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.58 | — |
Correlation
The correlation between DINDX and PGHY is 0.24, 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
DINDX vs. PGHY - Dividend Comparison
DINDX has not paid dividends to shareholders, while PGHY's dividend yield for the trailing twelve months is around 7.20%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
PGHY Invesco Global Short Term High Yield Bond ETF | 7.20% | 7.24% | 7.49% | 7.87% | 5.12% | 5.17% | 5.45% | 5.32% | 5.45% | 5.52% | 6.26% | 4.60% |
Drawdowns
DINDX vs. PGHY - Drawdown Comparison
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Volatility
DINDX vs. PGHY - Volatility Comparison
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Volatility by Period
| DINDX | PGHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.05% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 5.99% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 5.33% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 7.03% | — |