DVYE vs. EDD
DVYE (iShares Emerging Markets Dividend ETF) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both funds - DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend Index, while EDD is a Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 10 years, DVYE returned 7.81%/yr vs 5.02%/yr for EDD. At a 0.48 correlation, their price movements are largely independent. DVYE charges 0.49%/yr vs 2.20%/yr for EDD.
Performance
DVYE vs. EDD - Performance Comparison
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Returns By Period
In the year-to-date period, DVYE achieves a 10.74% return, which is significantly higher than EDD's 3.21% return. Over the past 10 years, DVYE has outperformed EDD with an annualized return of 7.81%, while EDD has yielded a comparatively lower 5.02% annualized return.
DVYE
- 1D
- 0.23%
- 1M
- -2.08%
- YTD
- 10.74%
- 6M
- 11.14%
- 1Y
- 28.60%
- 3Y*
- 22.07%
- 5Y*
- 4.84%
- 10Y*
- 7.81%
EDD
- 1D
- 0.00%
- 1M
- -0.91%
- YTD
- 3.21%
- 6M
- 2.25%
- 1Y
- 18.96%
- 3Y*
- 16.03%
- 5Y*
- 5.85%
- 10Y*
- 5.02%
DVYE vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 10.74% | 28.36% | 8.89% | 20.88% | -31.38% | 11.02% | -2.51% | 15.41% | -5.56% | 27.04% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 3.21% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Correlation
The correlation between DVYE and EDD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Feb 27, 2012 | 0.48 |
Over the past year, the correlation between DVYE and EDD has dropped to 0.24 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
DVYE vs. EDD — Risk / Return Rank
DVYE
EDD
DVYE vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) 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.
| DVYE | EDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.82 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.42 | 1.08 | +3.35 |
| Martin ratioReturn relative to average drawdown | 12.61 | 3.59 | +9.02 |
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
| DVYE | EDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 1.19 | +0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.38 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.28 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.11 | +0.05 |
Drawdowns
DVYE vs. EDD - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, smaller than the maximum EDD drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for DVYE and EDD.
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Drawdown Indicators
| DVYE | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.42% | -59.38% | +11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -17.67% | +11.18% |
Max Drawdown (3Y)Largest decline over 3 years | -14.63% | -17.67% | +3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | -32.04% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -40.89% | -42.70% | +1.81% |
Current DrawdownCurrent decline from peak | -3.83% | -9.17% | +5.34% |
Average DrawdownAverage peak-to-trough decline | -15.37% | -24.23% | +8.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 5.29% | -3.02% |
Volatility
DVYE vs. EDD - Volatility Comparison
iShares Emerging Markets Dividend ETF (DVYE) has a higher volatility of 5.48% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 4.69%. This indicates that DVYE'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.
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Volatility by Period
| DVYE | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 4.69% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 11.61% | 13.02% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.32% | 16.07% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.99% | 15.32% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 17.71% | +0.68% |
DVYE vs. EDD - Expense Ratio Comparison
DVYE has a 0.49% expense ratio, which is lower than EDD's 2.20% expense ratio.
Dividends
DVYE vs. EDD - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 5.11%, less than EDD's 9.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 5.11% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 9.36% | 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
DVYE and EDD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVYE has higher volatility (5.48%) compared to EDD (4.69%). In terms of maximum drawdown, DVYE dropped -47.42% vs EDD's -59.38%.
DVYE currently has the higher Sharpe Ratio (2.01 vs 1.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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