MIAQX vs. DINDX
Compare and contrast key facts about American Funds Multi-Sector Income Fund (MIAQX) and Morgan Stanley Global Fixed Income Opportunities Fund (DINDX).
MIAQX is managed by American Funds. It was launched on Mar 21, 2019. DINDX is managed by Morgan Stanley. It was launched on Jul 27, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MIAQX or DINDX.
Key characteristics
| MIAQX | DINDX | |
|---|---|---|
| YTD Return | 6.17% | 5.90% |
| 1Y Return | 12.73% | 10.14% |
| 3Y Return (Ann) | 1.00% | 2.23% |
| 5Y Return (Ann) | 2.91% | 2.52% |
| Sharpe Ratio | 2.99 | 3.49 |
| Sortino Ratio | 4.79 | 5.42 |
| Omega Ratio | 1.61 | 1.79 |
| Calmar Ratio | 1.34 | 2.73 |
| Martin Ratio | 16.72 | 22.10 |
| Ulcer Index | 0.75% | 0.46% |
| Daily Std Dev | 4.18% | 2.90% |
| Max Drawdown | -17.39% | -23.00% |
| Current Drawdown | -1.49% | -0.92% |
Correlation
The correlation between MIAQX and DINDX 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
MIAQX vs. DINDX - Performance Comparison
The year-to-date returns for both stocks are quite close, with MIAQX having a 6.17% return and DINDX slightly lower at 5.90%. 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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MIAQX vs. DINDX - Expense Ratio Comparison
MIAQX has a 0.78% expense ratio, which is higher than DINDX's 0.56% expense ratio.
Risk-Adjusted Performance
MIAQX vs. DINDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Multi-Sector Income Fund (MIAQX) 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.
Dividends
MIAQX vs. DINDX - Dividend Comparison
MIAQX's dividend yield for the trailing twelve months is around 6.00%, more than DINDX's 5.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
MIAQX vs. DINDX - Drawdown Comparison
The maximum MIAQX drawdown since its inception was -17.39%, smaller than the maximum DINDX drawdown of -23.00%. Use the drawdown chart below to compare losses from any high point for MIAQX and DINDX. For additional features, visit the drawdowns tool.
Volatility
MIAQX vs. DINDX - Volatility Comparison
American Funds Multi-Sector Income Fund (MIAQX) has a higher volatility of 1.08% compared to Morgan Stanley Global Fixed Income Opportunities Fund (DINDX) at 0.73%. This indicates that MIAQX's price experiences larger fluctuations and is considered to be riskier than DINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.