EDD vs. EUGDX

Last updated Jun 4, 2026

EDD (Morgan Stanley Emerging Markets Domestic Fund) and EUGDX (Morgan Stanley Europe Opportunity Fund Inc.) are both mutual funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while EUGDX is a Europe Equities fund managed by Morgan Stanley. At a 0.43 correlation, their price movements are largely independent. EDD charges 2.20%/yr vs 1.05%/yr for EUGDX.

Performance

EDD vs. EUGDX - Performance Comparison

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

Returns By Period

EDD

• 1D: -0.18%
• 1M: -1.09%
• YTD: 3.21%
• 6M: 2.44%
• 1Y: 19.08%
• 3Y*: 16.36%
• 5Y*: 5.85%
• 10Y*: 5.09%

EUGDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EDD vs. EUGDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	-4.82%	11.93%	12.41%	25.16%	-44.49%	15.80%	55.57%	27.34%	-13.02%	23.11%

Correlation

The correlation between EDD and EUGDX is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 25, 2007	0.43

The correlation between EDD and EUGDX shifts across timeframes, from 0.23 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EDD vs. EUGDX — Risk / Return Rank

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

EDD

EDD Risk / Return Rank: 15
EDD Sharpe Ratio Rank: 18
EDD Sortino Ratio Rank: 17
EDD Omega Ratio Rank: 18
EDD Calmar Ratio Rank: 11
EDD Martin Ratio Rank: 12

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. EUGDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Domestic Fund (EDD) and Morgan Stanley Europe Opportunity Fund Inc. (EUGDX). 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	EUGDX	Difference
Sharpe ratio: Return per unit of total volatility	1.19	—	—
Sortino ratio: Return per unit of downside risk	1.69	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	1.08	—	—
Martin ratio: Return relative to average drawdown	3.64	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	EDD	EUGDX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.19	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
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	—	—

Drawdowns

Drawdown Indicators

	EDD	EUGDX	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.67%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.67%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-32.04%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.70%	—	—
Current Drawdown Current decline from peak	-9.17%	—	—
Average Drawdown Average peak-to-trough decline	-24.23%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.26%	—	—

Volatility

Volatility by Period

	EDD	EUGDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.70%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.02%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.72%	—	—

EDD vs. EUGDX - Expense Ratio Comparison

EDD has a 2.20% expense ratio, which is higher than EUGDX's 1.05% expense ratio.

Dividends

EDD vs. EUGDX - Dividend Comparison

EDD's dividend yield for the trailing twelve months is around 9.36%, more than EUGDX's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	0.66%	0.62%	0.00%	0.00%	0.00%	5.45%	7.53%	3.27%	1.02%	0.90%	2.75%	2.30%

Frequently Asked Questions

Can I hold both EDD and EUGDX in my portfolio?

EDD and EUGDX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.