AYA.TO vs. EDD

Last updated Jul 11, 2026

AYA.TO (Aya Gold & Silver Inc.) is a stock, while EDD (Morgan Stanley Emerging Markets Domestic Fund) is Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 10 years, AYA.TO returned 46.26%/yr vs 6.63%/yr for EDD. At a 0.10 correlation, their price movements are largely independent.

Performance

AYA.TO vs. EDD - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Aya Gold & Silver Inc. (AYA.TO) and Morgan Stanley Emerging Markets Domestic Fund (EDD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AYA.TO is traded in CAD, while EDD is traded in USD. To make them comparable, the EDD values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, AYA.TO achieves a 46.03% return, which is significantly higher than EDD's 17.49% return. Over the past 10 years, AYA.TO has outperformed EDD with an annualized return of 46.26%, while EDD has yielded a comparatively lower 6.63% annualized return.

AYA.TO

• 1D: 1.92%
• 1M: 17.98%
• 6M: 34.14%
• YTD: 46.03%
• 1Y: 113.08%
• 3Y*: 50.22%
• 5Y*: 23.83%
• 10Y*: 46.26%

EDD

• 1D: -0.55%
• 1M: 8.98%
• 6M: 11.15%
• YTD: 17.49%
• 1Y: 29.72%
• 3Y*: 20.88%
• 5Y*: 11.18%
• 10Y*: 6.63%

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

AYA.TO vs. EDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AYA.TO Aya Gold & Silver Inc.	46.03%	82.87%	10.61%	7.65%	-5.55%	148.05%	97.44%	2.09%	16.46%	192.86%
EDD Morgan Stanley Emerging Markets Domestic Fund	17.49%	26.41%	17.84%	11.38%	-8.71%	-7.07%	-5.15%	20.28%	-6.87%	8.46%

Correlation

The correlation between AYA.TO and EDD is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.17
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (10Y) Calculated over the trailing 10-year period	0.15
Correlation (All Time) Calculated using the full available price history since Jul 24, 2008	0.10

The correlation between AYA.TO and EDD shifts across timeframes, from 0.10 (all time) to 0.22 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

AYA.TO vs. EDD — Risk / Return Rank

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

AYA.TO

AYA.TO Risk / Return Rank: 85
AYA.TO Sharpe Ratio Rank: 88
AYA.TO Sortino Ratio Rank: 82
AYA.TO Omega Ratio Rank: 81
AYA.TO Calmar Ratio Rank: 88
AYA.TO Martin Ratio Rank: 88

EDD

EDD Risk / Return Rank: 37
EDD Sharpe Ratio Rank: 47
EDD Sortino Ratio Rank: 44
EDD Omega Ratio Rank: 45
EDD Calmar Ratio Rank: 25
EDD Martin Ratio Rank: 26

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.

AYA.TO vs. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Aya Gold & Silver Inc. (AYA.TO) and Morgan Stanley Emerging Markets Domestic Fund (EDD). 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.

	AYA.TO	EDD	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.78	-0.12
Sortino ratio: Return per unit of downside risk	2.16	2.47	-0.31
Omega ratio: Gain probability vs. loss probability	1.27	1.32	-0.05
Calmar ratio: Return relative to maximum drawdown	3.23	1.87	+1.36
Martin ratio: Return relative to average drawdown	8.68	6.14	+2.54

AYA.TO vs. EDD - Sharpe Ratio Comparison

The current AYA.TO Sharpe Ratio is 1.67, which is comparable to the EDD Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of AYA.TO and EDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AYA.TO vs. EDD - Drawdown Comparison

The maximum AYA.TO drawdown since its inception was -81.67%, which is greater than EDD's maximum drawdown of -55.82%. Use the drawdown chart below to compare losses from any high point for AYA.TO and EDD.

Drawdown Indicators

	AYA.TO	EDD	Difference
Max Drawdown Largest peak-to-trough decline	-81.67%	-55.82%	-25.85%
Max Drawdown (1Y) Largest decline over 1 year	-41.38%	-15.94%	-25.44%
Max Drawdown (3Y) Largest decline over 3 years	-54.86%	-15.94%	-38.92%
Max Drawdown (5Y) Largest decline over 5 years	-54.91%	-26.71%	-28.20%
Max Drawdown (10Y) Largest decline over 10 years	-72.30%	-37.77%	-34.53%
Current Drawdown Current decline from peak	-3.66%	-2.36%	-1.30%
Average Drawdown Average peak-to-trough decline	-37.34%	-12.97%	-24.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.36%	4.85%	+10.51%

Volatility

AYA.TO vs. EDD - Volatility Comparison

Aya Gold & Silver Inc. (AYA.TO) has a higher volatility of 24.02% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 5.42%. This indicates that AYA.TO's price experiences larger fluctuations and is considered to be riskier than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AYA.TO	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	24.02%	5.42%	+18.60%
Volatility (6M) Calculated over the trailing 6-month period	60.47%	13.62%	+46.85%
Volatility (1Y) Calculated over the trailing 1-year period	80.10%	16.73%	+63.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.81%	16.36%	+51.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	77.51%	18.28%	+59.23%

Dividends

AYA.TO vs. EDD - Dividend Comparison

AYA.TO has not paid dividends to shareholders, while EDD's dividend yield for the trailing twelve months is around 10.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AYA.TO Aya Gold & Silver Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EDD Morgan Stanley Emerging Markets Domestic Fund	10.94%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%

Frequently Asked Questions

Can I hold both AYA.TO and EDD in my portfolio?

AYA.TO and EDD have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.