ELD vs. EDD
Compare and contrast key facts about WisdomTree Emerging Markets Local Debt Fund (ELD) and Morgan Stanley Emerging Markets Domestic Fund (EDD).
ELD is an actively managed fund by WisdomTree. It was launched on Aug 9, 2010. EDD is managed by Morgan Stanley. It was launched on Apr 24, 2007.
Performance
ELD vs. EDD - Performance Comparison
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ELD vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | -3.30% | 21.77% | -4.56% | 14.29% | -9.25% | -9.75% | 1.79% | 12.89% | -7.53% | 12.72% |
EDD Morgan Stanley Emerging Markets Domestic Fund | -3.98% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Returns By Period
In the year-to-date period, ELD achieves a -3.30% return, which is significantly higher than EDD's -3.98% return. Over the past 10 years, ELD has underperformed EDD with an annualized return of 2.39%, while EDD has yielded a comparatively higher 4.43% annualized return.
ELD
- 1D
- 0.47%
- 1M
- -6.54%
- YTD
- -3.30%
- 6M
- -0.28%
- 1Y
- 10.08%
- 3Y*
- 6.57%
- 5Y*
- 2.35%
- 10Y*
- 2.39%
EDD
- 1D
- 2.63%
- 1M
- -14.39%
- YTD
- -3.98%
- 6M
- -0.81%
- 1Y
- 18.79%
- 3Y*
- 14.67%
- 5Y*
- 5.29%
- 10Y*
- 4.43%
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ELD vs. EDD - Expense Ratio Comparison
ELD has a 0.55% expense ratio, which is lower than EDD's 2.20% expense ratio.
Return for Risk
ELD vs. EDD — Risk / Return Rank
ELD
EDD
ELD vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Local Debt Fund (ELD) and Morgan Stanley Emerging Markets Domestic Fund (EDD). 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.
| ELD | EDD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.12 | -0.05 |
Sortino ratioReturn per unit of downside risk | 1.55 | 1.56 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.21 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.10 | +0.63 |
Martin ratioReturn relative to average drawdown | 7.27 | 4.79 | +2.48 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ELD | EDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.12 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.35 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.25 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.10 | 0.09 | 0.00 |
Correlation
The correlation between ELD and EDD is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ELD vs. EDD - Dividend Comparison
ELD's dividend yield for the trailing twelve months is around 5.86%, less than EDD's 10.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ELD WisdomTree Emerging Markets Local Debt Fund | 5.86% | 5.38% | 5.75% | 4.85% | 5.29% | 4.98% | 4.70% | 4.92% | 6.30% | 4.68% | 4.86% | 5.57% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.06% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
Drawdowns
ELD vs. EDD - Drawdown Comparison
The maximum ELD drawdown since its inception was -31.92%, smaller than the maximum EDD drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for ELD and EDD.
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Drawdown Indicators
| ELD | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.92% | -59.38% | +27.46% |
Max Drawdown (1Y)Largest decline over 1 year | -7.15% | -17.67% | +10.52% |
Max Drawdown (5Y)Largest decline over 5 years | -23.56% | -32.04% | +8.48% |
Max Drawdown (10Y)Largest decline over 10 years | -25.15% | -42.70% | +17.55% |
Current DrawdownCurrent decline from peak | -6.64% | -15.50% | +8.86% |
Average DrawdownAverage peak-to-trough decline | -13.43% | -24.38% | +10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 4.05% | -2.35% |
Volatility
ELD vs. EDD - Volatility Comparison
The current volatility for WisdomTree Emerging Markets Local Debt Fund (ELD) is 4.06%, while Morgan Stanley Emerging Markets Domestic Fund (EDD) has a volatility of 8.07%. This indicates that ELD experiences smaller price fluctuations and is considered to be less risky than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ELD | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 8.07% | -4.01% |
Volatility (6M)Calculated over the trailing 6-month period | 5.92% | 11.58% | -5.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.66% | 16.87% | -7.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.83% | 15.07% | -4.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.27% | 17.65% | -6.38% |