EDD vs. MACGX
EDD (Morgan Stanley Emerging Markets Domestic Fund) and MACGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A) are both mutual funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while MACGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, EDD returned 5.44%/yr vs 13.16%/yr for MACGX. Their 0.36 correlation means their historical movements had little consistent relationship. EDD charges 2.20%/yr vs 1.00%/yr for MACGX.
Performance
EDD vs. MACGX - 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 MACGX's -2.11% return. Over the past 10 years, EDD has underperformed MACGX with an annualized return of 5.44%, while MACGX has yielded a comparatively higher 13.16% 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%
MACGX
- 1D
- -1.87%
- 1M
- -5.58%
- 6M
- 3.77%
- YTD
- -2.11%
- 1Y
- -10.82%
- 3Y*
- 18.26%
- 5Y*
- -6.21%
- 10Y*
- 13.16%
- ALL TIME*
- 9.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.90M | $2.96M | $2.41M | |
| $0.00 | $0.00 | $0.00 |
EDD vs. MACGX - 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% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | -2.11% | 13.71% | 42.06% | 46.30% | -63.51% | -12.84% | 142.01% | 39.41% | 11.85% | 38.99% |
Correlation
The correlation between EDD and MACGX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.33 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2007 | 0.36 |
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Return for Risk
EDD vs. MACGX — Risk / Return Rank
EDD
MACGX
EDD vs. MACGX - 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 Institutional Fund Trust Discovery Portfolio Class A (MACGX). 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 | MACGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.08 | ||
| Sortino ratioReturn per unit of downside risk | +2.72 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.96 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.40 | +2.01 |
| Martin ratioReturn relative to average drawdown | 5.15 | -0.79 | +5.94 |
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Drawdowns
EDD vs. MACGX - Drawdown Comparison
The maximum EDD drawdown since its inception was -59.38%, smaller than the maximum MACGX drawdown of -77.61%. Use the drawdown chart below to compare losses from any high point for EDD and MACGX.
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Drawdown Indicators
| EDD | MACGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -77.61% | +18.23% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -27.55% | +9.88% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -28.55% | +10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -77.61% | +45.57% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -77.61% | +34.91% |
Current DrawdownCurrent decline from peak | -2.34% | -45.58% | +43.24% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -25.74% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 13.97% | -8.47% |
Volatility
EDD vs. MACGX - Volatility Comparison
The current volatility for Morgan Stanley Emerging Markets Domestic Fund (EDD) is 4.59%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A (MACGX) has a volatility of 7.00%. This indicates that EDD experiences smaller price fluctuations and is considered to be less risky than MACGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDD | MACGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 7.00% | -2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 22.19% | -8.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 29.25% | -12.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 48.40% | -32.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 39.47% | -21.80% |
EDD vs. MACGX - Expense Ratio Comparison
EDD has a 2.20% expense ratio, which is higher than MACGX's 1.00% expense ratio.
Dividends
EDD vs. MACGX - Dividend Comparison
EDD's dividend yield for the trailing twelve months is around 10.77%, while MACGX has not paid dividends to shareholders.
| 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% |
MACGX Morgan Stanley Institutional Fund Trust Discovery Portfolio Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 52.53% | 9.95% | 15.34% | 29.46% | 48.48% | 75.72% | 14.05% |
Frequently Asked Questions
EDD and MACGX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MACGX has higher volatility (7.00%) compared to EDD (4.59%). In terms of maximum drawdown, EDD dropped -59.38% vs MACGX's -77.61%.
EDD currently has the higher Sharpe Ratio (1.70 vs -0.38), 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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