EDD vs. MPEGX
EDD (Morgan Stanley Emerging Markets Domestic Fund) and MPEGX (Morgan Stanley Institutional Fund Trust Discovery Portfolio) are both mutual funds - EDD is a Emerging Markets Bonds fund managed by Morgan Stanley, while MPEGX is a Mid Cap Growth Equities fund managed by Morgan Stanley. Over the past 10 years, EDD returned 5.44%/yr vs 13.50%/yr for MPEGX. Their 0.36 correlation means their historical movements had little consistent relationship. EDD charges 2.20%/yr vs 0.72%/yr for MPEGX.
Performance
EDD vs. MPEGX - 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 MPEGX's -1.99% return. Over the past 10 years, EDD has underperformed MPEGX with an annualized return of 5.44%, while MPEGX has yielded a comparatively higher 13.50% 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%
MPEGX
- 1D
- -1.91%
- 1M
- -5.60%
- 6M
- 3.88%
- YTD
- -1.99%
- 1Y
- -10.57%
- 3Y*
- 18.58%
- 5Y*
- -5.92%
- 10Y*
- 13.50%
- ALL TIME*
- 12.70%
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. MPEGX - 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% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | -1.99% | 14.05% | 42.38% | 46.66% | -63.39% | -12.37% | 142.68% | 39.73% | 12.19% | 39.39% |
Correlation
The correlation between EDD and MPEGX 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. | 0.30 |
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. MPEGX — Risk / Return Rank
EDD
MPEGX
EDD vs. MPEGX - 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 (MPEGX). 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 | MPEGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.07 | ||
| Sortino ratioReturn per unit of downside risk | +2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.96 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.39 | +2.00 |
| Martin ratioReturn relative to average drawdown | 5.15 | -0.78 | +5.93 |
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Drawdowns
EDD vs. MPEGX - Drawdown Comparison
The maximum EDD drawdown since its inception was -59.38%, smaller than the maximum MPEGX drawdown of -75.29%. Use the drawdown chart below to compare losses from any high point for EDD and MPEGX.
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Drawdown Indicators
| EDD | MPEGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.38% | -75.29% | +15.91% |
Max Drawdown (1Y)Largest decline over 1 year | -17.67% | -27.46% | +9.79% |
Max Drawdown (3Y)Largest decline over 3 years | -17.67% | -28.53% | +10.86% |
Max Drawdown (5Y)Largest decline over 5 years | -32.04% | -72.99% | +40.95% |
Max Drawdown (10Y)Largest decline over 10 years | -42.70% | -75.29% | +32.59% |
Current DrawdownCurrent decline from peak | -2.34% | -39.40% | +37.06% |
Average DrawdownAverage peak-to-trough decline | -24.05% | -21.29% | -2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 13.86% | -8.36% |
Volatility
EDD vs. MPEGX - Volatility Comparison
The current volatility for Morgan Stanley Emerging Markets Domestic Fund (EDD) is 4.59%, while Morgan Stanley Institutional Fund Trust Discovery Portfolio (MPEGX) has a volatility of 6.99%. This indicates that EDD experiences smaller price fluctuations and is considered to be less risky than MPEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDD | MPEGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.59% | 6.99% | -2.40% |
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% | 29.23% | -12.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.57% | 40.32% | -24.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.67% | 34.65% | -16.98% |
EDD vs. MPEGX - Expense Ratio Comparison
EDD has a 2.20% expense ratio, which is higher than MPEGX's 0.72% expense ratio.
Dividends
EDD vs. MPEGX - Dividend Comparison
EDD's dividend yield for the trailing twelve months is around 10.77%, while MPEGX 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% |
MPEGX Morgan Stanley Institutional Fund Trust Discovery Portfolio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 35.82% | 7.63% | 12.05% | 23.88% | 41.11% | 67.79% | 13.20% |
Frequently Asked Questions
EDD and MPEGX 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.
MPEGX has higher volatility (6.99%) compared to EDD (4.59%). In terms of maximum drawdown, EDD dropped -59.38% vs MPEGX's -75.29%.
EDD currently has the higher Sharpe Ratio (1.70 vs -0.37), 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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