EDD vs. DVYE
EDD (Morgan Stanley Emerging Markets Domestic Fund) and DVYE (iShares Emerging Markets Dividend ETF) are both funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while DVYE is a Emerging Markets Equities fund tracking the Dow Jones Emerging Markets Select Dividend Index. Over the past 10 years, EDD returned 5.76%/yr vs 7.81%/yr for DVYE. At a 0.48 correlation, their price movements are largely independent. EDD charges 2.20%/yr vs 0.49%/yr for DVYE.
Performance
EDD vs. DVYE - Performance Comparison
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Returns By Period
In the year-to-date period, EDD achieves a 8.33% return, which is significantly lower than DVYE's 8.97% return. Over the past 10 years, EDD has underperformed DVYE with an annualized return of 5.76%, while DVYE has yielded a comparatively higher 7.81% annualized return.
EDD
- 1D
- 0.88%
- 1M
- 4.19%
- YTD
- 8.33%
- 6M
- 6.75%
- 1Y
- 23.75%
- 3Y*
- 16.68%
- 5Y*
- 7.47%
- 10Y*
- 5.76%
DVYE
- 1D
- 0.54%
- 1M
- -1.10%
- YTD
- 8.97%
- 6M
- 10.42%
- 1Y
- 25.76%
- 3Y*
- 20.78%
- 5Y*
- 5.03%
- 10Y*
- 7.81%
EDD vs. DVYE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDD Morgan Stanley Emerging Markets Domestic Fund | 8.33% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
DVYE iShares Emerging Markets Dividend ETF | 8.97% | 28.36% | 8.89% | 20.88% | -31.38% | 11.02% | -2.51% | 15.41% | -5.56% | 27.04% |
Correlation
The correlation between EDD and DVYE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
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 | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012 | 0.48 |
Over the past year, the correlation between EDD and DVYE has dropped to 0.27 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
EDD vs. DVYE — Risk / Return Rank
EDD
DVYE
EDD vs. DVYE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Domestic Fund (EDD) and iShares Emerging Markets Dividend ETF (DVYE). 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 | DVYE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.31 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.35 | 3.64 | -2.29 |
| Martin ratioReturn relative to average drawdown | 4.33 | 10.11 | -5.78 |
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Drawdowns
EDD vs. DVYE - Drawdown Comparison
The maximum EDD drawdown since its inception was -59.38%, which is greater than DVYE's maximum drawdown of -47.42%. Use the drawdown chart below to compare losses from any high point for EDD and DVYE.
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Drawdown Indicators
| EDD | DVYE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -47.42% | -11.96% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -7.10% | -10.57% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -14.63% | -3.04% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -40.89% | +8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -40.89% | -1.81% |
Current DrawdownCurrent decline from peak | -4.67% | -5.36% | +0.69% |
Average DrawdownAverage peak-to-trough decline | -24.19% | -15.34% | -8.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 2.55% | +2.95% |
Volatility
EDD vs. DVYE - Volatility Comparison
The current volatility for Morgan Stanley Emerging Markets Domestic Fund (EDD) is 4.25%, while iShares Emerging Markets Dividend ETF (DVYE) has a volatility of 5.25%. This indicates that EDD experiences smaller price fluctuations and is considered to be less risky than DVYE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDD | DVYE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.25% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 13.18% | 12.16% | +1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.39% | 14.80% | +1.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.41% | 17.07% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.72% | 18.39% | -0.67% |
EDD vs. DVYE - Expense Ratio Comparison
EDD has a 2.20% expense ratio, which is higher than DVYE's 0.49% expense ratio.
Dividends
EDD vs. DVYE - Dividend Comparison
EDD's dividend yield for the trailing twelve months is around 8.92%, more than DVYE's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 4.95% | 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 | 8.92% | 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
EDD and DVYE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVYE has higher volatility (5.25%) compared to EDD (4.25%). In terms of maximum drawdown, EDD dropped -59.38% vs DVYE's -47.42%.
DVYE currently has the higher Sharpe Ratio (1.75 vs 1.46), 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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