MSCOX vs. DINDX

Last updated Jun 6, 2026

MSCOX (Morgan Stanley Institutional Fund Inception Portfolio Class C) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - MSCOX is a Small Cap Growth Equities fund actively managed by Morgan Stanley, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. Both are actively managed. At a 0.18 correlation, their price movements are largely independent. MSCOX charges 2.10%/yr vs 0.56%/yr for DINDX.

Performance

MSCOX vs. DINDX - Performance Comparison

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

Returns By Period

MSCOX

• 1D: 1.29%
• 1M: 3.56%
• YTD: 6.15%
• 6M: -0.88%
• 1Y: 7.15%
• 3Y*: 16.16%
• 5Y*: -8.70%
• 10Y*: —

DINDX

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

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

MSCOX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C	6.15%	0.00%	28.07%	52.94%	-59.90%	-5.01%	147.58%	35.22%	-0.81%	3.20%
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%	3.29%

Correlation

The correlation between MSCOX and DINDX is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017	0.18

Return for Risk

MSCOX vs. DINDX — Risk / Return Rank

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

MSCOX

MSCOX Risk / Return Rank: 4
MSCOX Sharpe Ratio Rank: 4
MSCOX Sortino Ratio Rank: 5
MSCOX Omega Ratio Rank: 5
MSCOX Calmar Ratio Rank: 4
MSCOX Martin Ratio Rank: 4

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.

MSCOX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Inception Portfolio Class C (MSCOX) 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.

	MSCOX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	0.21	—	—
Sortino ratio: Return per unit of downside risk	0.51	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.19	—	—
Martin ratio: Return relative to average drawdown	0.40	—	—
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

	MSCOX	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.21	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.23	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	—	—

Drawdowns

Drawdown Indicators

	MSCOX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-76.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-33.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-73.60%	—	—
Current Drawdown Current decline from peak	-49.02%	—	—
Average Drawdown Average peak-to-trough decline	-34.44%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.60%	—	—

Volatility

Volatility by Period

	MSCOX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	22.59%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	29.96%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.96%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.52%	—	—

MSCOX vs. DINDX - Expense Ratio Comparison

MSCOX has a 2.10% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

MSCOX vs. DINDX - Dividend Comparison

Neither MSCOX 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%
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C	0.00%	0.00%	0.61%	0.00%	0.15%	38.66%	13.71%	23.55%	18.35%	57.78%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MSCOX and DINDX in my portfolio?

MSCOX and DINDX have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.