TIIUX vs. DINDX

Last updated Jun 6, 2026

TIIUX (Morgan Stanley Pathway Funds Core Fixed Income Fund) and DINDX (Morgan Stanley Global Fixed Income Opportunities Fund) are both mutual funds - TIIUX is a Intermediate Core Bond fund managed by Morgan Stanley, while DINDX is a Multisector Bonds fund actively managed by Morgan Stanley. At a 0.45 correlation, their price movements are largely independent. TIIUX charges 0.54%/yr vs 0.56%/yr for DINDX.

Performance

TIIUX vs. DINDX - Performance Comparison

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

Returns By Period

TIIUX

• 1D: 0.15%
• 1M: -0.22%
• YTD: 0.20%
• 6M: 0.44%
• 1Y: 3.82%
• 3Y*: 3.29%
• 5Y*: -0.69%
• 10Y*: 1.43%

DINDX

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

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

TIIUX vs. DINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TIIUX Morgan Stanley Pathway Funds Core Fixed Income Fund	0.20%	5.77%	0.61%	5.90%	-14.72%	-1.70%	8.67%	9.76%	-0.45%	3.67%
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 TIIUX and DINDX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (10Y) Calculated over the trailing 10-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 29, 1997	0.45

The correlation between TIIUX and DINDX shifts across timeframes, from 0.31 (1 year) to 0.69 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

TIIUX vs. DINDX — Risk / Return Rank

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

TIIUX

TIIUX Risk / Return Rank: 15
TIIUX Sharpe Ratio Rank: 14
TIIUX Sortino Ratio Rank: 14
TIIUX Omega Ratio Rank: 14
TIIUX Calmar Ratio Rank: 18
TIIUX Martin Ratio Rank: 14

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.

TIIUX vs. DINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Pathway Funds Core Fixed Income Fund (TIIUX) 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.

	TIIUX	DINDX	Difference
Sharpe ratio: Return per unit of total volatility	0.99	—	—
Sortino ratio: Return per unit of downside risk	1.46	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.46	—	—
Martin ratio: Return relative to average drawdown	3.77	—	—
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

	TIIUX	DINDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.99	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.96	—	—

Drawdowns

Drawdown Indicators

	TIIUX	DINDX	Difference
Max Drawdown Largest peak-to-trough decline	-20.21%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.85%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-7.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.00%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-20.21%	—	—
Current Drawdown Current decline from peak	-5.34%	—	—
Average Drawdown Average peak-to-trough decline	-2.41%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	1.10%	—	—

Volatility

Volatility by Period

	TIIUX	DINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	4.25%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.27%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.15%	—	—

TIIUX vs. DINDX - Expense Ratio Comparison

TIIUX has a 0.54% expense ratio, which is lower than DINDX's 0.56% expense ratio.

Dividends

TIIUX vs. DINDX - Dividend Comparison

TIIUX's dividend yield for the trailing twelve months is around 3.34%, 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%
TIIUX Morgan Stanley Pathway Funds Core Fixed Income Fund	3.34%	2.92%	4.51%	3.91%	2.88%	2.36%	5.77%	3.08%	2.93%	2.49%	3.60%	3.34%

Frequently Asked Questions

Can I hold both TIIUX and DINDX in my portfolio?

TIIUX and DINDX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.