MGGPX vs. DINDX

Last updated Jun 4, 2026

MGGPX (Morgan Stanley Global Opportunity Portfolio Class A) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - MGGPX is a Global Equities fund tracking the MSCI All Country World Index, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. MGGPX is passively managed, while DINDX is actively managed. At a 0.28 correlation, their price movements are largely independent. MGGPX charges 1.25%/yr vs 0.56%/yr for DINDX.

Performance

MGGPX vs. DINDX - Performance Comparison

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

Returns By Period

MGGPX

• 1D: -0.61%
• 1M: 8.64%
• YTD: 4.82%
• 6M: -5.43%
• 1Y: -5.56%
• 3Y*: 15.82%
• 5Y*: 2.83%
• 10Y*: 13.11%

DINDX

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

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

MGGPX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	4.82%	0.77%	27.16%	49.29%	-41.77%	-0.05%	55.05%	35.03%	-5.96%	49.03%
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%

Correlation

The correlation between MGGPX and DINDX is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.20
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.23
Correlation (All Time) Calculated using the full available price history since May 25, 2010	0.28

The correlation between MGGPX and DINDX shifts across timeframes, from 0.08 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.

Return for Risk

MGGPX vs. DINDX — Risk / Return Rank

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

MGGPX

MGGPX Risk / Return Rank: 2
MGGPX Sharpe Ratio Rank: 2
MGGPX Sortino Ratio Rank: 2
MGGPX Omega Ratio Rank: 2
MGGPX Calmar Ratio Rank: 2
MGGPX Martin Ratio Rank: 2

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.

MGGPX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Global Opportunity Portfolio Class A (MGGPX) 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.

	MGGPX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	—	—
Sortino ratio: Return per unit of downside risk	-0.20	—	—
Omega ratio: Gain probability vs. loss probability	0.97	—	—
Calmar ratio: Return relative to maximum drawdown	-0.20	—	—
Martin ratio: Return relative to average drawdown	-0.45	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MGGPX	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.26	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	—	—

Drawdowns

Drawdown Indicators

	MGGPX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-51.83%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-28.32%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-51.14%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.83%	—	—
Current Drawdown Current decline from peak	-11.49%	—	—
Average Drawdown Average peak-to-trough decline	-9.45%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	12.86%	—	—

Volatility

Volatility by Period

	MGGPX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.55%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.08%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.09%	—	—

MGGPX vs. DINDX - Expense Ratio Comparison

MGGPX has a 1.25% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

MGGPX vs. DINDX - Dividend Comparison

Neither MGGPX nor DINDX has 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	2.69%	4.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%
MGGPX Morgan Stanley Global Opportunity Portfolio Class A	0.00%	0.00%	9.95%	2.27%	24.31%	5.14%	1.20%	0.00%	0.82%	0.40%	7.23%	1.29%

Frequently Asked Questions

Can I hold both MGGPX and DINDX in my portfolio?

MGGPX and DINDX have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.