AEDAX vs. EUGDX
Compare and contrast key facts about Invesco EQV European Equity Fund (AEDAX) and Morgan Stanley Europe Opportunity Fund Inc. (EUGDX).
AEDAX is managed by Invesco. It was launched on Nov 2, 1997. EUGDX is managed by Morgan Stanley. It was launched on Jul 27, 1997.
Performance
AEDAX vs. EUGDX - Performance Comparison
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AEDAX vs. EUGDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AEDAX Invesco EQV European Equity Fund | 0.69% | 23.92% | -0.79% | 19.64% | -21.77% | 14.22% | -0.06% | 24.54% | -18.86% | 26.90% |
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | -15.38% | 11.93% | 12.41% | 25.16% | -44.49% | 15.80% | 55.57% | 27.34% | -13.02% | 23.11% |
Returns By Period
In the year-to-date period, AEDAX achieves a 0.69% return, which is significantly higher than EUGDX's -15.38% return. Over the past 10 years, AEDAX has underperformed EUGDX with an annualized return of 5.29%, while EUGDX has yielded a comparatively higher 6.22% annualized return.
AEDAX
- 1D
- 0.15%
- 1M
- -9.80%
- YTD
- 0.69%
- 6M
- 6.57%
- 1Y
- 18.92%
- 3Y*
- 10.42%
- 5Y*
- 4.50%
- 10Y*
- 5.29%
EUGDX
- 1D
- 0.17%
- 1M
- -14.60%
- YTD
- -15.38%
- 6M
- -14.94%
- 1Y
- -7.55%
- 3Y*
- 2.90%
- 5Y*
- -3.14%
- 10Y*
- 6.22%
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AEDAX vs. EUGDX - Expense Ratio Comparison
AEDAX has a 1.37% expense ratio, which is higher than EUGDX's 1.05% expense ratio.
Return for Risk
AEDAX vs. EUGDX — Risk / Return Rank
AEDAX
EUGDX
AEDAX vs. EUGDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco EQV European Equity Fund (AEDAX) and Morgan Stanley Europe Opportunity Fund Inc. (EUGDX). 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.
| AEDAX | EUGDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | -0.44 | +1.52 |
Sortino ratioReturn per unit of downside risk | 1.52 | -0.50 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.22 | 0.94 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | -0.46 | +2.08 |
Martin ratioReturn relative to average drawdown | 5.66 | -1.41 | +7.07 |
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
| AEDAX | EUGDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | -0.44 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | -0.13 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.29 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.21 | +0.23 |
Correlation
The correlation between AEDAX and EUGDX is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AEDAX vs. EUGDX - Dividend Comparison
AEDAX's dividend yield for the trailing twelve months is around 16.80%, more than EUGDX's 0.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AEDAX Invesco EQV European Equity Fund | 16.80% | 16.92% | 10.53% | 2.58% | 7.48% | 9.40% | 1.30% | 2.53% | 1.43% | 1.86% | 1.59% | 4.78% |
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | 0.74% | 0.62% | 0.00% | 0.00% | 0.00% | 5.45% | 7.53% | 3.27% | 1.02% | 0.90% | 2.75% | 2.30% |
Drawdowns
AEDAX vs. EUGDX - Drawdown Comparison
The maximum AEDAX drawdown since its inception was -60.46%, roughly equal to the maximum EUGDX drawdown of -59.74%. Use the drawdown chart below to compare losses from any high point for AEDAX and EUGDX.
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Drawdown Indicators
| AEDAX | EUGDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.46% | -59.74% | -0.72% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -20.36% | +9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -38.81% | -56.02% | +17.21% |
Max Drawdown (10Y)Largest decline over 10 years | -40.03% | -56.02% | +15.99% |
Current DrawdownCurrent decline from peak | -10.38% | -31.06% | +20.68% |
Average DrawdownAverage peak-to-trough decline | -16.99% | -18.06% | +1.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.04% | 6.62% | -3.58% |
Volatility
AEDAX vs. EUGDX - Volatility Comparison
Invesco EQV European Equity Fund (AEDAX) has a higher volatility of 7.06% compared to Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) at 6.45%. This indicates that AEDAX's price experiences larger fluctuations and is considered to be riskier than EUGDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AEDAX | EUGDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.06% | 6.45% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.66% | 12.48% | -1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 19.36% | -2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 24.11% | -6.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 21.27% | -3.91% |