EDD vs. EIC

Last updated Jun 3, 2026

EDD (Morgan Stanley Emerging Markets Domestic Fund) is Emerging Markets Bonds fund managed by Morgan Stanley, while EIC (Eagle Point Income Company Inc.) is a stock. Over the past 5 years, EDD returned 6.06%/yr vs 4.74%/yr for EIC. At a 0.21 correlation, their price movements are largely independent.

Performance

EDD vs. EIC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Emerging Markets Domestic Fund (EDD) and Eagle Point Income Company Inc. (EIC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EDD achieves a 3.40% return, which is significantly higher than EIC's -3.07% return.

EDD

• 1D: 0.00%
• 1M: -3.36%
• YTD: 3.40%
• 6M: 3.92%
• 1Y: 20.97%
• 3Y*: 16.43%
• 5Y*: 6.06%
• 10Y*: 5.11%

EIC

• 1D: -1.96%
• 1M: 3.11%
• YTD: -3.07%
• 6M: -1.50%
• 1Y: -9.56%
• 3Y*: 6.15%
• 5Y*: 4.74%
• 10Y*: —

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

EDD vs. EIC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EDD Morgan Stanley Emerging Markets Domestic Fund	3.40%	32.46%	8.64%	14.09%	-14.15%	-7.03%	-2.84%	1.91%
EIC Eagle Point Income Company Inc.	-3.07%	-15.28%	24.02%	20.86%	-10.48%	28.01%	-14.41%	-0.81%

Correlation

The correlation between EDD and EIC is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.18
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Jul 25, 2019	0.21

Return for Risk

EDD vs. EIC — Risk / Return Rank

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

EDD

EDD Risk / Return Rank: 17
EDD Sharpe Ratio Rank: 20
EDD Sortino Ratio Rank: 18
EDD Omega Ratio Rank: 20
EDD Calmar Ratio Rank: 12
EDD Martin Ratio Rank: 14

EIC

EIC Risk / Return Rank: 23
EIC Sharpe Ratio Rank: 20
EIC Sortino Ratio Rank: 18
EIC Omega Ratio Rank: 19
EIC Calmar Ratio Rank: 28
EIC Martin Ratio Rank: 28

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.

EDD vs. EIC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Domestic Fund (EDD) and Eagle Point Income Company Inc. (EIC). 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.

	EDD	EIC	Difference
Sharpe ratio Return per unit of total volatility	1.31	-0.48	+1.79
Sortino ratio Return per unit of downside risk	1.84	-0.54	+2.38
Omega ratio Gain probability vs. loss probability	1.24	0.93	+0.30
Calmar ratio Return relative to maximum drawdown	1.23	-0.36	+1.59
Martin ratio Return relative to average drawdown	4.15	-0.68	+4.83
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EDD vs. EIC - Sharpe Ratio Comparison

The current EDD Sharpe Ratio is 1.31, which is higher than the EIC Sharpe Ratio of -0.48. The chart below compares the historical Sharpe Ratios of EDD and EIC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EDD	EIC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.31	-0.48	+1.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.24	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.07	+0.04

Drawdowns

EDD vs. EIC - Drawdown Comparison

The maximum EDD drawdown since its inception was -59.38%, smaller than the maximum EIC drawdown of -67.08%. Use the drawdown chart below to compare losses from any high point for EDD and EIC.

Drawdown Indicators

	EDD	EIC	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	-67.08%	+7.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.67%	-28.67%	+11.00%
Max Drawdown (3Y) Largest decline over 3 years	-17.67%	-34.06%	+16.39%
Max Drawdown (5Y) Largest decline over 5 years	-32.04%	-34.06%	+2.02%
Max Drawdown (10Y) Largest decline over 10 years	-42.70%	—	—
Current Drawdown Current decline from peak	-9.00%	-23.31%	+14.31%
Average Drawdown Average peak-to-trough decline	-24.24%	-12.25%	-11.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.23%	15.27%	-10.04%

Volatility

EDD vs. EIC - Volatility Comparison

Morgan Stanley Emerging Markets Domestic Fund (EDD) has a higher volatility of 5.30% compared to Eagle Point Income Company Inc. (EIC) at 5.01%. This indicates that EDD's price experiences larger fluctuations and is considered to be riskier than EIC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EDD	EIC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.30%	5.01%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	13.91%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.13%	20.07%	-3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	20.19%	-4.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	37.49%	-19.77%

Dividends

EDD vs. EIC - Dividend Comparison

EDD's dividend yield for the trailing twelve months is around 9.34%, less than EIC's 14.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDD Morgan Stanley Emerging Markets Domestic Fund	9.34%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%
EIC Eagle Point Income Company Inc.	14.60%	17.35%	15.44%	13.59%	11.03%	7.78%	10.39%	3.65%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EDD and EIC in my portfolio?

EDD and EIC have a correlation of 0.11, 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 EIC?

EDD has higher volatility (5.30%) compared to EIC (5.01%). In terms of maximum drawdown, EDD dropped -59.38% vs EIC's -67.08%.

Which has better risk-adjusted returns?

EDD currently has the higher Sharpe Ratio (1.31 vs -0.48), 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.