MUIIX vs. DFIHX
Compare and contrast key facts about Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) and DFA One Year Fixed Income Portfolio (DFIHX).
MUIIX is managed by Morgan Stanley. It was launched on Apr 28, 2016. DFIHX is managed by Dimensional. It was launched on Jul 25, 1983.
Performance
MUIIX vs. DFIHX - Performance Comparison
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MUIIX vs. DFIHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 0.52% | 4.47% | 4.94% | 4.17% | 1.10% | 0.10% | 0.49% |
DFIHX DFA One Year Fixed Income Portfolio | 0.81% | 3.41% | 5.41% | 4.98% | -1.19% | -0.19% | 0.26% |
Returns By Period
In the year-to-date period, MUIIX achieves a 0.52% return, which is significantly lower than DFIHX's 0.81% return.
MUIIX
- 1D
- 0.00%
- 1M
- -0.10%
- YTD
- 0.52%
- 6M
- 1.55%
- 1Y
- 3.82%
- 3Y*
- 4.27%
- 5Y*
- 3.04%
- 10Y*
- —
DFIHX
- 1D
- -0.06%
- 1M
- 0.23%
- YTD
- 0.81%
- 6M
- 1.89%
- 1Y
- 3.69%
- 3Y*
- 4.47%
- 5Y*
- 2.61%
- 10Y*
- 1.92%
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MUIIX vs. DFIHX - Expense Ratio Comparison
MUIIX has a 0.35% expense ratio, which is higher than DFIHX's 0.13% expense ratio.
Return for Risk
MUIIX vs. DFIHX — Risk / Return Rank
MUIIX
DFIHX
MUIIX vs. DFIHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) and DFA One Year Fixed Income Portfolio (DFIHX). 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.
| MUIIX | DFIHX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.42 | 5.38 | -1.96 |
Sortino ratioReturn per unit of downside risk | 18.58 | 9.47 | +9.10 |
Omega ratioGain probability vs. loss probability | 9.29 | 8.43 | +0.86 |
Calmar ratioReturn relative to maximum drawdown | 42.24 | 8.71 | +33.53 |
Martin ratioReturn relative to average drawdown | 89.61 | 37.74 | +51.87 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MUIIX | DFIHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.42 | 5.38 | -1.96 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.94 | 2.65 | -0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 2.43 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.83 | 1.52 | +0.31 |
Correlation
The correlation between MUIIX and DFIHX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
MUIIX vs. DFIHX - Dividend Comparison
MUIIX's dividend yield for the trailing twelve months is around 3.85%, more than DFIHX's 3.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUIIX Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio | 3.85% | 4.36% | 4.81% | 3.88% | 1.20% | 0.10% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DFIHX DFA One Year Fixed Income Portfolio | 3.73% | 3.26% | 4.99% | 3.37% | 1.07% | 0.00% | 0.62% | 2.12% | 1.85% | 1.13% | 0.66% | 0.51% |
Drawdowns
MUIIX vs. DFIHX - Drawdown Comparison
The maximum MUIIX drawdown since its inception was -1.20%, smaller than the maximum DFIHX drawdown of -2.53%. Use the drawdown chart below to compare losses from any high point for MUIIX and DFIHX.
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Drawdown Indicators
| MUIIX | DFIHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.20% | -2.53% | +1.33% |
Max Drawdown (1Y)Largest decline over 1 year | -0.10% | -0.39% | +0.29% |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | -2.26% | +1.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.26% | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.06% | -0.04% |
Average DrawdownAverage peak-to-trough decline | -0.06% | -0.15% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.05% | 0.09% | -0.04% |
Volatility
MUIIX vs. DFIHX - Volatility Comparison
The current volatility for Morgan Stanley Institutional Fund Trust Ultra-Short Income Portfolio (MUIIX) is 0.10%, while DFA One Year Fixed Income Portfolio (DFIHX) has a volatility of 0.18%. This indicates that MUIIX experiences smaller price fluctuations and is considered to be less risky than DFIHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MUIIX | DFIHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.10% | 0.18% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 0.81% | 0.41% | +0.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.24% | 0.72% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.57% | 0.99% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.44% | 0.79% | +0.65% |