EUGDX vs. DFCSX

Last updated Jun 23, 2026

EUGDX (Morgan Stanley Europe Opportunity Fund Inc.) and DFCSX (DFA Continental Small Company Portfolio) are both Europe Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. EUGDX charges 1.05%/yr vs 0.42%/yr for DFCSX.

Performance

EUGDX vs. DFCSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and DFA Continental Small Company Portfolio (DFCSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUGDX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DFCSX

• 1D: -0.10%
• 1M: -0.59%
• YTD: 5.41%
• 6M: 5.96%
• 1Y: 16.34%
• 3Y*: 14.92%
• 5Y*: 6.62%
• 10Y*: 9.80%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EUGDX vs. DFCSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	-4.82%	11.93%	12.41%	25.16%	-44.49%	15.80%	55.57%	27.34%	-13.02%	23.11%
DFCSX DFA Continental Small Company Portfolio	5.41%	37.58%	0.20%	16.93%	-20.12%	14.66%	15.07%	25.90%	-19.67%	34.77%

Correlation

The correlation between EUGDX and DFCSX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Jul 28, 1997	0.76

The correlation between EUGDX and DFCSX shifts across timeframes, from 0.69 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

EUGDX vs. DFCSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EUGDX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

DFCSX

DFCSX Risk / Return Rank: 18
DFCSX Sharpe Ratio Rank: 17
DFCSX Sortino Ratio Rank: 18
DFCSX Omega Ratio Rank: 17
DFCSX Calmar Ratio Rank: 17
DFCSX Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EUGDX vs. DFCSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and DFA Continental Small Company Portfolio (DFCSX). 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.

	EUGDX	DFCSX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.10	—
Sortino ratio: Return per unit of downside risk	—	1.64	—
Omega ratio: Gain probability vs. loss probability	—	1.20	—
Calmar ratio: Return relative to maximum drawdown	—	1.37	—
Martin ratio: Return relative to average drawdown	—	4.60	—

Drawdowns

Drawdown Indicators

	EUGDX	DFCSX	Difference
Max Drawdown Largest peak-to-trough decline	—	-65.47%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.96%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.25%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-43.16%	—
Current Drawdown Current decline from peak	—	-2.69%	—
Average Drawdown Average peak-to-trough decline	—	-13.62%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.51%	—

Volatility

Volatility by Period

	EUGDX	DFCSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.62%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	14.66%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.96%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.88%	—

EUGDX vs. DFCSX - Expense Ratio Comparison

EUGDX has a 1.05% expense ratio, which is higher than DFCSX's 0.42% expense ratio.

Dividends

EUGDX vs. DFCSX - Dividend Comparison

EUGDX's dividend yield for the trailing twelve months is around 0.66%, less than DFCSX's 2.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DFCSX DFA Continental Small Company Portfolio	2.86%	3.02%	4.94%	2.84%	2.45%	1.19%	1.55%	2.24%	6.28%	1.98%	1.97%	1.97%
EUGDX Morgan Stanley Europe Opportunity Fund Inc.	0.66%	0.62%	0.00%	0.00%	0.00%	5.45%	7.53%	3.27%	1.02%	0.90%	2.75%	2.30%

Frequently Asked Questions

Can I hold both EUGDX and DFCSX in my portfolio?

EUGDX and DFCSX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.