TEMUX vs. DINDX

Last updated Jun 5, 2026

TEMUX (Morgan Stanley Pathway Funds Emerging Markets Equity Fund) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - TEMUX is a Emerging Markets Diversified fund managed by Morgan Stanley, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. At a 0.23 correlation, their price movements are largely independent. TEMUX charges 0.81%/yr vs 0.56%/yr for DINDX.

Performance

TEMUX vs. DINDX - Performance Comparison

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

Returns By Period

TEMUX

• 1D: -1.33%
• 1M: 7.04%
• YTD: 26.66%
• 6M: 29.34%
• 1Y: 53.74%
• 3Y*: 23.38%
• 5Y*: 6.67%
• 10Y*: 9.14%

DINDX

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

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

TEMUX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund	26.66%	34.68%	5.47%	9.87%	-21.75%	-3.50%	11.18%	22.44%	-18.73%	39.16%
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 TEMUX and DINDX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 29, 1997	0.23

The correlation between TEMUX and DINDX shifts across timeframes, from 0.09 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

TEMUX vs. DINDX — Risk / Return Rank

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

TEMUX

TEMUX Risk / Return Rank: 93
TEMUX Sharpe Ratio Rank: 98
TEMUX Sortino Ratio Rank: 93
TEMUX Omega Ratio Rank: 90
TEMUX Calmar Ratio Rank: 92
TEMUX Martin Ratio Rank: 91

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.

TEMUX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Emerging Markets Equity Fund (TEMUX) 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.

	TEMUX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	3.76	—	—
Sortino ratio: Return per unit of downside risk	4.79	—	—
Omega ratio: Gain probability vs. loss probability	1.66	—	—
Calmar ratio: Return relative to maximum drawdown	4.93	—	—
Martin ratio: Return relative to average drawdown	18.54	—	—
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

	TEMUX	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.76	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	—	—

Drawdowns

Drawdown Indicators

	TEMUX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-68.20%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.10%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.86%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-38.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.17%	—	—
Current Drawdown Current decline from peak	-1.33%	—	—
Average Drawdown Average peak-to-trough decline	-21.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	—	—

Volatility

Volatility by Period

	TEMUX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.36%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.16%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.34%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.75%	—	—

TEMUX vs. DINDX - Expense Ratio Comparison

TEMUX has a 0.81% expense ratio, which is higher than DINDX's 0.56% expense ratio.

Dividends

TEMUX vs. DINDX - Dividend Comparison

TEMUX's dividend yield for the trailing twelve months is around 1.92%, while DINDX has not 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%
TEMUX Morgan Stanley Pathway Funds Emerging Markets Equity Fund	1.92%	2.43%	2.09%	2.41%	1.92%	4.47%	1.96%	1.81%	1.67%	1.26%	1.10%	1.44%

Frequently Asked Questions

Can I hold both TEMUX and DINDX in my portfolio?

TEMUX and DINDX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.