MMGPX vs. DINDX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Discovery Portfolio (MMGPX) and Morgan Stanley Global Fixed Income Opportunities Fund (DINDX).

MMGPX is managed by Morgan Stanley. It was launched on Apr 30, 2017. DINDX is an actively managed fund by Morgan Stanley. It was launched on Jul 27, 1997.

Performance

MMGPX vs. DINDX - Performance Comparison

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

MMGPX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MMGPX Morgan Stanley Discovery Portfolio	-14.93%	12.58%	41.83%	44.34%	-81.34%	-11.55%	152.67%	40.20%	10.89%	28.18%
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%	6.66%

Returns By Period

MMGPX

• 1D: -1.27%
• 1M: -9.08%
• YTD: -14.93%
• 6M: -23.43%
• 1Y: 3.91%
• 3Y*: 19.10%
• 5Y*: -19.96%
• 10Y*: —

DINDX

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

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

MMGPX vs. DINDX - Expense Ratio Comparison

MMGPX has a 0.04% expense ratio, which is lower than DINDX's 0.56% expense ratio.

DINDX

Morgan Stanley Global Fixed Income Opportunities Fund

MMGPX

Morgan Stanley Discovery Portfolio

Return for Risk

MMGPX vs. DINDX — Risk / Return Rank

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

MMGPX

MMGPX Risk / Return Rank: 7
MMGPX Sharpe Ratio Rank: 7
MMGPX Sortino Ratio Rank: 8
MMGPX Omega Ratio Rank: 8
MMGPX Calmar Ratio Rank: 6
MMGPX Martin Ratio Rank: 6

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.

MMGPX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Discovery Portfolio (MMGPX) 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.

	MMGPX	DINDX	Difference
Sharpe ratio Return per unit of total volatility	0.10	—	—
Sortino ratio Return per unit of downside risk	0.38	—	—
Omega ratio Gain probability vs. loss probability	1.05	—	—
Calmar ratio Return relative to maximum drawdown	-0.02	—	—
Martin ratio Return relative to average drawdown	-0.05	—	—
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

	MMGPX	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.10	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.44	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	—	—

Correlation

The correlation between MMGPX and DINDX is 0.19, 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

MMGPX vs. DINDX - Dividend Comparison

MMGPX's dividend yield for the trailing twelve months is around 0.50%, while DINDX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MMGPX Morgan Stanley Discovery Portfolio	0.50%	0.43%	0.00%	0.00%	0.00%	64.53%	7.93%	15.63%	28.02%	0.00%	0.00%	0.00%
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%

Drawdowns

Volatility

Volatility by Period

	MMGPX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.90%	—	—
Volatility (6M) Calculated over the trailing 6-month period	21.47%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	31.90%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.71%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.03%	—	—