EUGDX vs. CEE
Compare and contrast key facts about Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and The Central and Eastern Europe Fund (CEE).
EUGDX is managed by Morgan Stanley. It was launched on Jul 27, 1997. CEE is an actively managed fund by DWS. It was launched on Mar 6, 1990.
Performance
EUGDX vs. CEE - Performance Comparison
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EUGDX vs. CEE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | -15.38% | 11.93% | 12.41% | 25.16% | -44.49% | 15.80% | 55.57% | 27.34% | -13.02% | 23.11% |
CEE The Central and Eastern Europe Fund | 3.39% | 65.59% | 15.52% | 22.58% | -67.78% | 13.62% | -11.76% | 35.49% | -5.73% | 21.34% |
Returns By Period
In the year-to-date period, EUGDX achieves a -15.38% return, which is significantly lower than CEE's 3.39% return. Over the past 10 years, EUGDX has outperformed CEE with an annualized return of 6.22%, while CEE has yielded a comparatively lower 3.14% annualized return.
EUGDX
- 1D
- 0.17%
- 1M
- -14.60%
- YTD
- -15.38%
- 6M
- -14.94%
- 1Y
- -7.55%
- 3Y*
- 2.90%
- 5Y*
- -3.14%
- 10Y*
- 6.22%
CEE
- 1D
- 4.75%
- 1M
- -6.30%
- YTD
- 3.39%
- 6M
- 21.72%
- 1Y
- 29.56%
- 3Y*
- 35.34%
- 5Y*
- -2.58%
- 10Y*
- 3.14%
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EUGDX vs. CEE - Expense Ratio Comparison
EUGDX has a 1.05% expense ratio, which is lower than CEE's 1.26% expense ratio.
Return for Risk
EUGDX vs. CEE — Risk / Return Rank
EUGDX
CEE
EUGDX vs. CEE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and The Central and Eastern Europe Fund (CEE). 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.
| EUGDX | CEE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | 0.95 | -1.39 |
Sortino ratioReturn per unit of downside risk | -0.50 | 1.51 | -2.01 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.20 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.64 | -2.10 |
Martin ratioReturn relative to average drawdown | -1.41 | 3.50 | -4.92 |
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
| EUGDX | CEE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 0.95 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | -0.07 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.10 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.09 | +0.13 |
Correlation
The correlation between EUGDX and CEE is 0.49, 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
EUGDX vs. CEE - Dividend Comparison
EUGDX's dividend yield for the trailing twelve months is around 0.74%, less than CEE's 2.12% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | 0.74% | 0.62% | 0.00% | 0.00% | 0.00% | 5.45% | 7.53% | 3.27% | 1.02% | 0.90% | 2.75% | 2.30% |
CEE The Central and Eastern Europe Fund | 2.12% | 2.19% | 3.23% | 3.74% | 2.89% | 3.61% | 3.82% | 5.17% | 4.58% | 2.30% | 1.56% | 2.92% |
Drawdowns
EUGDX vs. CEE - Drawdown Comparison
The maximum EUGDX drawdown since its inception was -59.74%, smaller than the maximum CEE drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for EUGDX and CEE.
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Drawdown Indicators
| EUGDX | CEE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.74% | -82.98% | +23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -20.36% | -15.02% | -5.34% |
Max Drawdown (5Y)Largest decline over 5 years | -56.02% | -79.89% | +23.87% |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | -79.89% | +23.87% |
Current DrawdownCurrent decline from peak | -31.06% | -42.48% | +11.42% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -37.37% | +19.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 7.51% | -0.89% |
Volatility
EUGDX vs. CEE - Volatility Comparison
The current volatility for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) is 6.45%, while The Central and Eastern Europe Fund (CEE) has a volatility of 10.56%. This indicates that EUGDX experiences smaller price fluctuations and is considered to be less risky than CEE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUGDX | CEE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 10.56% | -4.11% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 18.04% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 31.31% | -11.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 38.85% | -14.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 32.45% | -11.18% |