EDD vs. IIF
EDD (Morgan Stanley Emerging Markets Domestic Fund) and IIF (Morgan Stanley India Investment Fund) are both mutual funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while IIF is a Emerging Markets Equities fund managed by Morgan Stanley. Over the past 10 years, EDD returned 5.44%/yr vs 7.78%/yr for IIF. Their 0.37 correlation means their historical movements had little consistent relationship. EDD charges 2.20%/yr vs 0.01%/yr for IIF.
Performance
EDD vs. IIF - Performance Comparison
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Returns By Period
In the year-to-date period, EDD achieves a 15.39% return, which is significantly higher than IIF's -7.29% return. Over the past 10 years, EDD has underperformed IIF with an annualized return of 5.44%, while IIF has yielded a comparatively higher 7.78% 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%
IIF
- 1D
- 0.92%
- 1M
- 1.14%
- 6M
- -4.34%
- YTD
- -7.29%
- 1Y
- -8.42%
- 3Y*
- 12.43%
- 5Y*
- 8.50%
- 10Y*
- 7.78%
- ALL TIME*
- 13.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $2.96M | $2.41M | |
| $799.60K | $794.04K | $767.10K |
EDD vs. IIF - 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% |
IIF Morgan Stanley India Investment Fund | -7.29% | 6.71% | 29.65% | 21.43% | -9.55% | 30.87% | 6.66% | -0.66% | -21.25% | 49.89% |
Correlation
The correlation between EDD and IIF is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.28 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.36 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2007 | 0.37 |
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Return for Risk
EDD vs. IIF — Risk / Return Rank
EDD
IIF
EDD vs. IIF - 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 India Investment Fund (IIF). 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 | IIF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.22 | ||
| Sortino ratioReturn per unit of downside risk | +3.05 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.92 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.38 | +1.98 |
| Martin ratioReturn relative to average drawdown | 5.15 | -0.84 | +5.99 |
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Drawdowns
EDD vs. IIF - Drawdown Comparison
The maximum EDD drawdown since its inception was -59.38%, roughly equal to the maximum IIF drawdown of -62.11%. Use the drawdown chart below to compare losses from any high point for EDD and IIF.
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Drawdown Indicators
| EDD | IIF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -62.11% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -22.52% | +4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -24.05% | +6.38% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -24.05% | -7.99% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -59.05% | +16.35% |
Current DrawdownCurrent decline from peak | -2.34% | -11.88% | +9.54% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -19.75% | -4.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 10.04% | -4.54% |
Volatility
EDD vs. IIF - Volatility Comparison
Morgan Stanley Emerging Markets Domestic Fund (EDD) has a higher volatility of 4.59% compared to Morgan Stanley India Investment Fund (IIF) at 4.24%. This indicates that EDD's price experiences larger fluctuations and is considered to be riskier than IIF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDD | IIF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 4.24% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 13.95% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 16.22% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 15.81% | -0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 19.78% | -2.11% |
EDD vs. IIF - Expense Ratio Comparison
EDD has a 2.20% expense ratio, which is higher than IIF's 0.01% expense ratio.
Dividends
EDD vs. IIF - Dividend Comparison
EDD's dividend yield for the trailing twelve months is around 10.77%, more than IIF's 8.57% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IIF Morgan Stanley India Investment Fund | 8.57% | 7.95% | 10.67% | 14.61% | 19.62% | 3.75% | 0.02% | 0.14% | 30.40% | 15.23% | 4.46% | 0.16% |
Frequently Asked Questions
EDD and IIF have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDD has higher volatility (4.59%) compared to IIF (4.24%). In terms of maximum drawdown, EDD dropped -59.38% vs IIF's -62.11%.
EDD currently has the higher Sharpe Ratio (1.70 vs -0.52), 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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