DINDX vs. VMSAX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX).

DINDX is an actively managed fund by Morgan Stanley. It was launched on Jul 27, 1997. VMSAX is an actively managed fund by Vanguard. It was launched on Oct 12, 2021.

Performance

DINDX vs. VMSAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). The values are adjusted to include any dividend payments, if applicable.

DINDX vs. VMSAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	0.00%	8.28%	6.76%	8.49%	-6.29%
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	-0.99%	9.08%	6.86%	10.53%	-8.42%

Returns By Period

DINDX

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

VMSAX

• 1D: 0.22%
• 1M: -1.98%
• YTD: -0.99%
• 6M: 0.66%
• 1Y: 6.00%
• 3Y*: 7.21%
• 5Y*: —
• 10Y*: —

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

DINDX vs. VMSAX - Expense Ratio Comparison

DINDX has a 0.56% expense ratio, which is higher than VMSAX's 0.30% expense ratio.

DINDX

Morgan Stanley Global Fixed Income Opportunities Fund

VMSAX

Vanguard Multi-Sector Income Bond Fund Admiral Shares

Return for Risk

DINDX vs. VMSAX — Risk / Return Rank

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

VMSAX

VMSAX Risk / Return Rank: 35
VMSAX Sharpe Ratio Rank: 6
VMSAX Sortino Ratio Rank: 44
VMSAX Omega Ratio Rank: 98
VMSAX Calmar Ratio Rank: 8
VMSAX Martin Ratio Rank: 17

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. VMSAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) and Vanguard Multi-Sector Income Bond Fund Admiral Shares (VMSAX). 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.

Sharpe Ratios by Period

	DINDX	VMSAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.06	—

Correlation

The correlation between DINDX and VMSAX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DINDX vs. VMSAX - Dividend Comparison

DINDX has not paid dividends to shareholders, while VMSAX's dividend yield for the trailing twelve months is around 5.17%.

	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%
VMSAX Vanguard Multi-Sector Income Bond Fund Admiral Shares	5.17%	5.66%	6.48%	5.52%	3.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

Volatility

Volatility by Period

	DINDX	VMSAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.19%	—
Volatility (6M) Calculated over the trailing 6-month period	—	112.83%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	133.59%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	65.65%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	65.65%	—