MRJAX vs. DINDX

Last updated Jun 6, 2026

MRJAX (Morgan Stanley Multi-Asset Real Return Portfolio A) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - MRJAX is a Global Equities fund managed by Morgan Stanley, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. At a 0.34 correlation, their price movements are largely independent. MRJAX charges 1.10%/yr vs 0.56%/yr for DINDX.

Performance

MRJAX vs. DINDX - Performance Comparison

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

Returns By Period

MRJAX

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

DINDX

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

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

MRJAX vs. DINDX - Yearly Performance Comparison

	2025 (YTD)	2024	2023	2022	2021	2020	2019	2018
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	11.79%	-0.55%	5.09%	2.74%	21.57%	0.07%	17.93%	-8.38%
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	8.28%	6.76%	8.49%	-7.06%	0.01%	5.10%	9.59%	-1.62%

Correlation

The correlation between MRJAX and DINDX is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.34

The correlation between MRJAX and DINDX shifts across timeframes, from 0.32 (1 year) to 0.48 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

MRJAX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Multi-Asset Real Return Portfolio A (MRJAX) 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.

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

Drawdowns

Volatility

MRJAX vs. DINDX - Expense Ratio Comparison

MRJAX has a 1.10% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

MRJAX vs. DINDX - Dividend Comparison

Neither MRJAX nor DINDX has paid dividends to shareholders.

Position	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DINDX Morgan Stanley Global Fixed Income Opportunities Fund	2.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%
MRJAX Morgan Stanley Multi-Asset Real Return Portfolio A	0.00%	11.24%	4.40%	4.04%	15.24%	1.09%	1.40%	1.22%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MRJAX and DINDX in my portfolio?

MRJAX and DINDX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.