EDD vs. MEGIX
EDD (Morgan Stanley Emerging Markets Domestic Fund) and MEGIX (Morgan Stanley Growth Portfolio) are both mutual funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while MEGIX is a Large Cap Growth Equities fund managed by Morgan Stanley. Over the past 5 years, EDD returned 8.26%/yr vs -1.72%/yr for MEGIX. Their 0.31 correlation means their historical movements had little consistent relationship. EDD charges 2.20%/yr vs 0.57%/yr for MEGIX.
Performance
EDD vs. MEGIX - 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 MEGIX's -10.79% 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%
MEGIX
- 1D
- -2.16%
- 1M
- -8.12%
- 6M
- -2.53%
- YTD
- -10.79%
- 1Y
- -6.05%
- 3Y*
- 23.24%
- 5Y*
- -1.72%
- 10Y*
- —
- ALL TIME*
- 15.07%
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. MEGIX - 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% | 10.93% |
MEGIX Morgan Stanley Growth Portfolio | -10.79% | 35.72% | 46.59% | 48.66% | -60.94% | -0.20% | 117.49% | 31.82% | 7.73% | 19.35% |
Correlation
The correlation between EDD and MEGIX 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. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.34 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017 | 0.31 |
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Return for Risk
EDD vs. MEGIX — Risk / Return Rank
EDD
MEGIX
EDD vs. MEGIX - 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 Growth Portfolio (MEGIX). 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 | MEGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.97 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.34 | +1.95 |
| Martin ratioReturn relative to average drawdown | 5.15 | -0.65 | +5.80 |
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Drawdowns
EDD vs. MEGIX - Drawdown Comparison
The maximum EDD drawdown since its inception was -59.38%, smaller than the maximum MEGIX drawdown of -69.99%. Use the drawdown chart below to compare losses from any high point for EDD and MEGIX.
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Drawdown Indicators
| EDD | MEGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -69.99% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -28.03% | +10.36% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -32.12% | +14.45% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -69.99% | +37.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | — | — |
Current DrawdownCurrent decline from peak | -2.34% | -20.54% | +18.20% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -22.93% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 14.69% | -9.19% |
Volatility
EDD vs. MEGIX - Volatility Comparison
The current volatility for Morgan Stanley Emerging Markets Domestic Fund (EDD) is 4.59%, while Morgan Stanley Growth Portfolio (MEGIX) has a volatility of 7.39%. This indicates that EDD experiences smaller price fluctuations and is considered to be less risky than MEGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDD | MEGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 7.39% | -2.80% |
Volatility (6M)Calculated over the trailing 6-month period | 13.85% | 23.37% | -9.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.75% | 30.00% | -13.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 40.01% | -24.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 34.65% | -16.98% |
EDD vs. MEGIX - Expense Ratio Comparison
EDD has a 2.20% expense ratio, which is higher than MEGIX's 0.57% expense ratio.
Dividends
EDD vs. MEGIX - Dividend Comparison
EDD's dividend yield for the trailing twelve months is around 10.77%, less than MEGIX's 12.65% 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% |
MEGIX Morgan Stanley Growth Portfolio | 12.65% | 0.00% | 0.00% | 0.00% | 163.32% | 34.82% | 7.97% | 5.35% | 24.32% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EDD and MEGIX 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.
MEGIX has higher volatility (7.39%) compared to EDD (4.59%). In terms of maximum drawdown, EDD dropped -59.38% vs MEGIX's -69.99%.
EDD currently has the higher Sharpe Ratio (1.70 vs -0.32), 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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