EUGDX vs. EDD

Last updated Jun 6, 2026

EUGDX (Morgan Stanley Europe Opportunity Fund Inc.) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both mutual funds - EUGDX is a Europe Equities fund managed by Morgan Stanley, while EDD is a Emerging Markets Bonds fund managed by Morgan Stanley. At a 0.43 correlation, their price movements are largely independent. EUGDX charges 1.05%/yr vs 2.20%/yr for EDD.

Performance

EUGDX vs. EDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Morgan Stanley Emerging Markets Domestic Fund (EDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

EUGDX

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

EDD

• 1D: -0.73%
• 1M: -2.70%
• YTD: 2.46%
• 6M: 0.08%
• 1Y: 16.81%
• 3Y*: 15.66%
• 5Y*: 5.70%
• 10Y*: 4.90%

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

EUGDX vs. EDD - 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%
EDD Morgan Stanley Emerging Markets Domestic Fund	2.46%	32.46%	8.64%	14.09%	-14.15%	-7.03%	-2.84%	25.45%	-14.09%	16.34%

Correlation

The correlation between EUGDX and EDD is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Apr 25, 2007	0.43

The correlation between EUGDX and EDD shifts across timeframes, from 0.23 (1 year) to 0.43 (all time), reflecting how their relationship changes across market environments.

Return for Risk

EUGDX vs. EDD — Risk / Return Rank

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

EDD

EDD Risk / Return Rank: 14
EDD Sharpe Ratio Rank: 15
EDD Sortino Ratio Rank: 15
EDD Omega Ratio Rank: 16
EDD Calmar Ratio Rank: 11
EDD Martin Ratio Rank: 12

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. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) 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.

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

Sharpe Ratios by Period

	EUGDX	EDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.28	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.11	—

Drawdowns

Drawdown Indicators

	EUGDX	EDD	Difference
Max Drawdown Largest peak-to-trough decline	—	-59.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-17.67%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.67%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.04%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.70%	—
Current Drawdown Current decline from peak	—	-9.83%	—
Average Drawdown Average peak-to-trough decline	—	-24.23%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.33%	—

Volatility

Volatility by Period

	EUGDX	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.98%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	15.31%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.71%	—

EUGDX vs. EDD - Expense Ratio Comparison

EUGDX has a 1.05% expense ratio, which is lower than EDD's 2.20% expense ratio.

Dividends

EUGDX vs. EDD - Dividend Comparison

EUGDX's dividend yield for the trailing twelve months is around 0.66%, less than EDD's 9.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDD Morgan Stanley Emerging Markets Domestic Fund	9.43%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%
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 EDD in my portfolio?

EUGDX and EDD have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.