MDOEX vs. DINDX

Last updated Aug 1, 2026

MDOEX (Morgan Stanley Developing Opportunity Portfolio) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - MDOEX is a Emerging Markets Equities fund managed by Morgan Stanley, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. Their 0.17 correlation means their historical movements had little consistent relationship. MDOEX charges 1.15%/yr vs 0.56%/yr for DINDX.

Performance

MDOEX vs. DINDX - Performance Comparison

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

Returns By Period

MDOEX

• 1D: 3.75%
• 1M: -0.42%
• 6M: 7.50%
• YTD: 10.30%
• 1Y: 9.90%
• 3Y*: 10.06%
• 5Y*: -0.80%
• 10Y*: —
• ALL TIME*: 2.95%

DINDX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MDOEX Morgan Stanley Developing Opportunity Portfolio	$0.00	$0.00	$0.00

MDOEX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MDOEX Morgan Stanley Developing Opportunity Portfolio	10.30%	8.28%	16.79%	5.36%	-30.36%	-18.69%	45.00%
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	0.00%	8.28%	6.76%	8.49%	-7.06%	0.01%	3.56%

Correlation

The correlation between MDOEX and DINDX is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.07
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.16
Correlation (All Time) Calculated using the full available price history since Feb 14, 2020	0.17

The correlation between MDOEX and DINDX shifts across timeframes, from 0.07 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MDOEX vs. DINDX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MDOEX

MDOEX Risk / Return Rank: 9
MDOEX Sharpe Ratio Rank: 8
MDOEX Sortino Ratio Rank: 9
MDOEX Omega Ratio Rank: 10
MDOEX Calmar Ratio Rank: 8
MDOEX Martin Ratio Rank: 8

DINDX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MDOEX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Developing Opportunity Portfolio (MDOEX) 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.

	MDOEX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	0.30	—	—
Sortino ratio: Return per unit of downside risk	0.59	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.36	—	—
Martin ratio: Return relative to average drawdown	0.94	—	—

Drawdowns

Drawdown Indicators

	MDOEX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-21.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-21.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-48.32%	—	—
Current Drawdown Current decline from peak	-30.22%	—	—
Average Drawdown Average peak-to-trough decline	-34.89%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	8.25%	—	—

Volatility

Volatility by Period

	MDOEX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.79%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	26.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.20%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.19%	—	—

MDOEX vs. DINDX - Expense Ratio Comparison

MDOEX has a 1.15% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

MDOEX vs. DINDX - Dividend Comparison

MDOEX's dividend yield for the trailing twelve months is around 0.67%, while DINDX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	1.81%	4.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%
MDOEX Morgan Stanley Developing Opportunity Portfolio	0.67%	0.74%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MDOEX and DINDX in my portfolio?

MDOEX and DINDX have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.