EDD vs. AGEYX

Last updated Aug 4, 2026

EDD (Morgan Stanley Emerging Markets Domestic Fund) and AGEYX (American Beacon Developing World Income Fund Class Y) are both Emerging Markets Bonds funds. Over the past 10 years, EDD returned 5.44%/yr vs 7.77%/yr for AGEYX. Their 0.33 correlation means their historical movements had little consistent relationship. EDD charges 2.20%/yr vs 1.14%/yr for AGEYX.

Performance

EDD vs. AGEYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Emerging Markets Domestic Fund (EDD) and American Beacon Developing World Income Fund Class Y (AGEYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDD achieves a 15.39% return, which is significantly higher than AGEYX's 8.07% return. Over the past 10 years, EDD has underperformed AGEYX with an annualized return of 5.44%, while AGEYX has yielded a comparatively higher 7.77% annualized return.

EDD

• 1D: 0.52%
• 1M: 0.52%
• 6M: 7.29%
• YTD: 15.39%
• 1Y: 28.28%
• 3Y*: 19.33%
• 5Y*: 8.26%
• 10Y*: 5.44%
• ALL TIME*: 2.98%

AGEYX

• 1D: 0.13%
• 1M: 0.26%
• 6M: 5.03%
• YTD: 8.07%
• 1Y: 17.83%
• 3Y*: 15.59%
• 5Y*: 8.30%
• 10Y*: 7.77%
• ALL TIME*: 6.90%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGEYX American Beacon Developing World Income Fund Class Y	$0.00	$0.00	$0.00
EDD Morgan Stanley Emerging Markets Domestic Fund	$1.90M	$2.96M	$2.41M

EDD vs. AGEYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EDD Morgan Stanley Emerging Markets Domestic Fund	15.39%	32.46%	8.64%	14.09%	-14.15%	-7.03%	-2.84%	25.45%	-14.09%	16.34%
AGEYX American Beacon Developing World Income Fund Class Y	8.07%	19.15%	15.85%	13.10%	-12.62%	6.91%	2.54%	13.49%	-3.42%	15.26%

Correlation

The correlation between EDD and AGEYX is 0.40, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.40
Correlation (3Y) Balances recent behavior with more history.	0.29
Correlation (5Y) Shows whether the relationship held over a longer period.	0.32
Correlation (10Y) Provides a long-term view across more market conditions.	0.32
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.33

The correlation between EDD and AGEYX shifts across timeframes, from 0.29 (3 years) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

EDD vs. AGEYX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

EDD

EDD Risk / Return Rank: 53
EDD Sharpe Ratio Rank: 69
EDD Sortino Ratio Rank: 66
EDD Omega Ratio Rank: 64
EDD Calmar Ratio Rank: 35
EDD Martin Ratio Rank: 33

AGEYX

AGEYX Risk / Return Rank: 99
AGEYX Sharpe Ratio Rank: 100
AGEYX Sortino Ratio Rank: 99
AGEYX Omega Ratio Rank: 99
AGEYX Calmar Ratio Rank: 97
AGEYX Martin Ratio Rank: 98

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EDD vs. AGEYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Domestic Fund (EDD) and American Beacon Developing World Income Fund Class Y (AGEYX). 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.

	EDD	AGEYX	Difference
Sharpe ratio: Return per unit of total volatility	1.70	4.75	-3.05
Sortino ratio: Return per unit of downside risk	2.37	7.91	-5.54
Omega ratio: Gain probability vs. loss probability	1.30	2.28	-0.98
Calmar ratio: Return relative to maximum drawdown	1.61	5.62	-4.01
Martin ratio: Return relative to average drawdown	5.15	25.11	-19.96

EDD vs. AGEYX - Sharpe Ratio Comparison

The current EDD Sharpe Ratio is 1.70, which is lower than the AGEYX Sharpe Ratio of 4.75. The chart below compares the historical Sharpe Ratios of EDD and AGEYX, 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

EDD vs. AGEYX - Drawdown Comparison

The maximum EDD drawdown since its inception was -59.38%, which is greater than AGEYX's maximum drawdown of -22.24%. Use the drawdown chart below to compare losses from any high point for EDD and AGEYX.

Drawdown Indicators

	EDD	AGEYX	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	-22.24%	-37.14%
Max Drawdown (1Y) Largest decline over 1 year	-17.67%	-3.15%	-14.52%
Max Drawdown (3Y) Largest decline over 3 years	-17.67%	-4.77%	-12.90%
Max Drawdown (5Y) Largest decline over 5 years	-32.04%	-22.24%	-9.80%
Max Drawdown (10Y) Largest decline over 10 years	-42.70%	-22.24%	-20.46%
Current Drawdown Current decline from peak	-2.34%	0.00%	-2.34%
Average Drawdown Average peak-to-trough decline	-24.05%	-3.50%	-20.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.50%	0.70%	+4.80%

Volatility

EDD vs. AGEYX - Volatility Comparison

Morgan Stanley Emerging Markets Domestic Fund (EDD) has a higher volatility of 4.59% compared to American Beacon Developing World Income Fund Class Y (AGEYX) at 0.60%. This indicates that EDD's price experiences larger fluctuations and is considered to be riskier than AGEYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDD	AGEYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.59%	0.60%	+3.99%
Volatility (6M) Calculated over the trailing 6-month period	13.85%	2.93%	+10.92%
Volatility (1Y) Calculated over the trailing 1-year period	16.75%	3.72%	+13.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	5.17%	+10.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.67%	4.96%	+12.71%

EDD vs. AGEYX - Expense Ratio Comparison

EDD has a 2.20% expense ratio, which is higher than AGEYX's 1.14% expense ratio.

Dividends

EDD vs. AGEYX - Dividend Comparison

EDD's dividend yield for the trailing twelve months is around 10.77%, more than AGEYX's 9.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGEYX American Beacon Developing World Income Fund Class Y	9.00%	9.99%	12.16%	9.64%	7.50%	7.90%	7.34%	8.61%	9.88%	7.30%	8.43%	7.03%
EDD Morgan Stanley Emerging Markets Domestic Fund	10.77%	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 EDD and AGEYX in my portfolio?

EDD and AGEYX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EDD or AGEYX?

EDD has higher volatility (4.59%) compared to AGEYX (0.60%). In terms of maximum drawdown, EDD dropped -59.38% vs AGEYX's -22.24%.

Which has better risk-adjusted returns?

AGEYX currently has the higher Sharpe Ratio (4.75 vs 1.70), 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.