CAF vs. EDD
Compare and contrast key facts about Morgan Stanley China A Share Fund (CAF) and Morgan Stanley Emerging Markets Domestic Fund (EDD).
CAF is an actively managed fund by Morgan Stanley. It was launched on Jul 6, 2006. EDD is managed by Morgan Stanley. It was launched on Apr 24, 2007.
Performance
CAF vs. EDD - Performance Comparison
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CAF vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAF Morgan Stanley China A Share Fund | 0.81% | 41.51% | 0.34% | -9.39% | -30.41% | -1.77% | 12.74% | 23.50% | -14.26% | 44.94% |
EDD Morgan Stanley Emerging Markets Domestic Fund | -3.98% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Returns By Period
In the year-to-date period, CAF achieves a 0.81% return, which is significantly higher than EDD's -3.98% return. Over the past 10 years, CAF has outperformed EDD with an annualized return of 4.78%, while EDD has yielded a comparatively lower 4.43% annualized return.
CAF
- 1D
- 3.67%
- 1M
- -4.11%
- YTD
- 0.81%
- 6M
- 6.75%
- 1Y
- 35.89%
- 3Y*
- 8.65%
- 5Y*
- -3.03%
- 10Y*
- 4.78%
EDD
- 1D
- 2.63%
- 1M
- -14.39%
- YTD
- -3.98%
- 6M
- -0.81%
- 1Y
- 18.79%
- 3Y*
- 14.67%
- 5Y*
- 5.29%
- 10Y*
- 4.43%
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CAF vs. EDD - Expense Ratio Comparison
CAF has a 1.67% expense ratio, which is lower than EDD's 2.20% expense ratio.
Return for Risk
CAF vs. EDD — Risk / Return Rank
CAF
EDD
CAF vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley China A Share Fund (CAF) 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.
| CAF | EDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.83 | 1.12 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.50 | 1.56 | +0.93 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.21 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.02 | 1.10 | +1.92 |
Martin ratioReturn relative to average drawdown | 10.31 | 4.79 | +5.51 |
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
| CAF | EDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.12 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | 0.35 | -0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.25 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.09 | +0.17 |
Correlation
The correlation between CAF and EDD is 0.30, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
CAF vs. EDD - Dividend Comparison
CAF's dividend yield for the trailing twelve months is around 1.50%, less than EDD's 10.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAF Morgan Stanley China A Share Fund | 1.50% | 1.51% | 2.63% | 0.96% | 0.02% | 6.57% | 10.40% | 3.78% | 9.48% | 5.20% | 4.69% | 67.03% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.06% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
Drawdowns
CAF vs. EDD - Drawdown Comparison
The maximum CAF drawdown since its inception was -65.88%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for CAF and EDD.
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Drawdown Indicators
| CAF | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.88% | -59.38% | -6.50% |
Max Drawdown (1Y)Largest decline over 1 year | -11.45% | -17.67% | +6.22% |
Max Drawdown (5Y)Largest decline over 5 years | -49.01% | -32.04% | -16.97% |
Max Drawdown (10Y)Largest decline over 10 years | -49.01% | -42.70% | -6.31% |
Current DrawdownCurrent decline from peak | -17.42% | -15.50% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -26.05% | -24.38% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 4.05% | -0.56% |
Volatility
CAF vs. EDD - Volatility Comparison
The current volatility for Morgan Stanley China A Share Fund (CAF) is 6.54%, while Morgan Stanley Emerging Markets Domestic Fund (EDD) has a volatility of 8.07%. This indicates that CAF experiences smaller price fluctuations and is considered to be less risky than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CAF | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 8.07% | -1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.91% | 11.58% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.73% | 16.87% | +2.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 15.07% | +6.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.90% | 17.65% | +4.25% |