EMD vs. EIDOX
Compare and contrast key facts about Western Asset Emerging Markets Debt Fund Inc (EMD) and Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX).
EMD is managed by Franklin Templeton. It was launched on Jan 1, 2004. EIDOX is a passively managed fund by Eaton Vance that tracks the performance of the J.P. Morgan EMB (JEMB) Hard Currency / Local Currency 50-50 Index. It was launched on Sep 3, 2015.
Performance
EMD vs. EIDOX - Performance Comparison
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EMD vs. EIDOX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EMD Western Asset Emerging Markets Debt Fund Inc | -5.14% | 23.41% | 16.23% | 12.23% | -20.78% | -0.32% | 7.03% | 26.62% | -13.70% | 14.29% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 1.43% | 15.59% | 14.78% | 11.40% | -6.25% | 1.52% | 7.39% | 18.25% | -4.28% | 12.97% |
Returns By Period
In the year-to-date period, EMD achieves a -5.14% return, which is significantly lower than EIDOX's 1.43% return. Over the past 10 years, EMD has underperformed EIDOX with an annualized return of 5.88%, while EIDOX has yielded a comparatively higher 7.71% annualized return.
EMD
- 1D
- 2.08%
- 1M
- -10.21%
- YTD
- -5.14%
- 6M
- 0.38%
- 1Y
- 10.85%
- 3Y*
- 16.45%
- 5Y*
- 4.01%
- 10Y*
- 5.88%
EIDOX
- 1D
- -0.65%
- 1M
- -3.19%
- YTD
- 1.43%
- 6M
- 6.73%
- 1Y
- 14.99%
- 3Y*
- 13.64%
- 5Y*
- 7.66%
- 10Y*
- 7.71%
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EMD vs. EIDOX - Expense Ratio Comparison
EMD has a 0.02% expense ratio, which is lower than EIDOX's 0.79% expense ratio.
Return for Risk
EMD vs. EIDOX — Risk / Return Rank
EMD
EIDOX
EMD vs. EIDOX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Emerging Markets Debt Fund Inc (EMD) and Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX). 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.
| EMD | EIDOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 4.16 | -3.40 |
Sortino ratioReturn per unit of downside risk | 1.04 | 5.72 | -4.68 |
Omega ratioGain probability vs. loss probability | 1.15 | 2.03 | -0.88 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 3.85 | -2.97 |
Martin ratioReturn relative to average drawdown | 3.35 | 15.67 | -12.32 |
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
| EMD | EIDOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 4.16 | -3.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.25 | 1.67 | -1.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 1.63 | -1.30 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.65 | -1.31 |
Correlation
The correlation between EMD and EIDOX is 0.32, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
EMD vs. EIDOX - Dividend Comparison
EMD's dividend yield for the trailing twelve months is around 11.51%, more than EIDOX's 11.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EMD Western Asset Emerging Markets Debt Fund Inc | 11.51% | 10.44% | 10.57% | 9.97% | 11.09% | 8.44% | 8.45% | 8.41% | 9.76% | 7.78% | 9.99% | 9.54% |
EIDOX Eaton Vance Emerging Markets Debt Opportunities Fund Class I | 11.13% | 9.41% | 8.52% | 8.97% | 9.13% | 7.82% | 7.66% | 7.81% | 8.10% | 7.85% | 4.10% | 0.00% |
Drawdowns
EMD vs. EIDOX - Drawdown Comparison
The maximum EMD drawdown since its inception was -48.26%, which is greater than EIDOX's maximum drawdown of -19.06%. Use the drawdown chart below to compare losses from any high point for EMD and EIDOX.
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Drawdown Indicators
| EMD | EIDOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.26% | -19.06% | -29.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.33% | -3.56% | -9.77% |
Max Drawdown (5Y)Largest decline over 5 years | -40.43% | -17.42% | -23.01% |
Max Drawdown (10Y)Largest decline over 10 years | -46.44% | -19.06% | -27.38% |
Current DrawdownCurrent decline from peak | -11.53% | -3.56% | -7.97% |
Average DrawdownAverage peak-to-trough decline | -8.83% | -2.50% | -6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 0.88% | +2.63% |
Volatility
EMD vs. EIDOX - Volatility Comparison
Western Asset Emerging Markets Debt Fund Inc (EMD) has a higher volatility of 6.05% compared to Eaton Vance Emerging Markets Debt Opportunities Fund Class I (EIDOX) at 1.85%. This indicates that EMD's price experiences larger fluctuations and is considered to be riskier than EIDOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EMD | EIDOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.05% | 1.85% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 2.69% | +6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.38% | 3.59% | +10.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.24% | 4.61% | +11.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.29% | 4.76% | +13.53% |