MSSMX vs. DINDX

Last updated Jun 23, 2026

MSSMX (Morgan Stanley Institutional Inception Fund Class A) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - MSSMX 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 0.12 correlation, their price movements are largely independent. MSSMX charges 1.35%/yr vs 0.56%/yr for DINDX.

Performance

MSSMX vs. DINDX - Performance Comparison

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

Returns By Period

MSSMX

• 1D: 2.51%
• 1M: -0.27%
• YTD: 4.06%
• 6M: -1.96%
• 1Y: 6.07%
• 3Y*: 13.92%
• 5Y*: -9.24%
• 10Y*: 15.93%

DINDX

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

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

MSSMX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSSMX Morgan Stanley Institutional Inception Fund Class A	4.06%	0.76%	29.15%	54.22%	-59.57%	-4.29%	149.49%	77.58%	-0.03%	22.42%
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 MSSMX and DINDX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997	0.12

Return for Risk

MSSMX vs. DINDX — Risk / Return Rank

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

MSSMX

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

DINDX

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

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.

MSSMX vs. DINDX - Risk-Adjusted Trends Comparison

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

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MSSMX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	0.20	—	—
Sortino ratio: Return per unit of downside risk	0.49	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.18	—	—
Martin ratio: Return relative to average drawdown	0.38	—	—

Drawdowns

Drawdown Indicators

	MSSMX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-76.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-32.92%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-32.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-73.30%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-76.24%	—	—
Current Drawdown Current decline from peak	-48.03%	—	—
Average Drawdown Average peak-to-trough decline	-24.63%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	15.77%	—	—

Volatility

Volatility by Period

	MSSMX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.88%	—	—
Volatility (6M) Calculated over the trailing 6-month period	23.26%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.70%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.99%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.40%	—	—

MSSMX vs. DINDX - Expense Ratio Comparison

MSSMX has a 1.35% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

MSSMX vs. DINDX - Dividend Comparison

Neither MSSMX 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	2.27%	4.69%	5.36%	4.69%	5.82%	3.52%	2.98%	3.43%	3.68%	3.13%	6.24%	4.80%
MSSMX Morgan Stanley Institutional Inception Fund Class A	0.00%	0.00%	1.16%	0.00%	0.14%	36.28%	13.10%	45.60%	18.04%	57.39%	3.76%	9.73%

Frequently Asked Questions

Can I hold both MSSMX and DINDX in my portfolio?

MSSMX and DINDX have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.