EUGDX vs. ESMAX
Compare and contrast key facts about Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Invesco EQV European Small Company Fund (ESMAX).
EUGDX is managed by Morgan Stanley. It was launched on Jul 27, 1997. ESMAX is managed by Invesco. It was launched on Aug 30, 2000.
Performance
EUGDX vs. ESMAX - Performance Comparison
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EUGDX vs. ESMAX - 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% |
ESMAX Invesco EQV European Small Company Fund | -4.07% | 22.15% | 2.60% | 14.26% | -16.30% | 24.30% | 9.63% | 15.37% | -15.29% | 28.30% |
Returns By Period
In the year-to-date period, EUGDX achieves a -15.38% return, which is significantly lower than ESMAX's -4.07% return. Over the past 10 years, EUGDX has underperformed ESMAX with an annualized return of 6.22%, while ESMAX has yielded a comparatively higher 7.59% 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%
ESMAX
- 1D
- -1.64%
- 1M
- -12.06%
- YTD
- -4.07%
- 6M
- -4.00%
- 1Y
- 10.96%
- 3Y*
- 9.71%
- 5Y*
- 5.68%
- 10Y*
- 7.59%
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EUGDX vs. ESMAX - Expense Ratio Comparison
EUGDX has a 1.05% expense ratio, which is lower than ESMAX's 1.48% expense ratio.
Return for Risk
EUGDX vs. ESMAX — Risk / Return Rank
EUGDX
ESMAX
EUGDX vs. ESMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and Invesco EQV European Small Company Fund (ESMAX). 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 | ESMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.44 | 0.56 | -1.00 |
Sortino ratioReturn per unit of downside risk | -0.50 | 0.83 | -1.33 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.11 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | -0.46 | 0.73 | -1.19 |
Martin ratioReturn relative to average drawdown | -1.41 | 2.21 | -3.63 |
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 | ESMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.44 | 0.56 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.13 | 0.39 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.53 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.59 | -0.37 |
Correlation
The correlation between EUGDX and ESMAX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
EUGDX vs. ESMAX - Dividend Comparison
EUGDX's dividend yield for the trailing twelve months is around 0.74%, less than ESMAX's 36.55% 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% |
ESMAX Invesco EQV European Small Company Fund | 36.55% | 35.06% | 9.96% | 4.94% | 11.28% | 3.24% | 2.75% | 7.01% | 6.27% | 3.21% | 2.07% | 5.41% |
Drawdowns
EUGDX vs. ESMAX - Drawdown Comparison
The maximum EUGDX drawdown since its inception was -59.74%, smaller than the maximum ESMAX drawdown of -65.90%. Use the drawdown chart below to compare losses from any high point for EUGDX and ESMAX.
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Drawdown Indicators
| EUGDX | ESMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.74% | -65.90% | +6.16% |
Max Drawdown (1Y)Largest decline over 1 year | -20.36% | -12.45% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -56.02% | -32.92% | -23.10% |
Max Drawdown (10Y)Largest decline over 10 years | -56.02% | -39.83% | -16.19% |
Current DrawdownCurrent decline from peak | -31.06% | -12.45% | -18.61% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -14.01% | -4.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 4.11% | +2.51% |
Volatility
EUGDX vs. ESMAX - Volatility Comparison
The current volatility for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) is 6.45%, while Invesco EQV European Small Company Fund (ESMAX) has a volatility of 7.30%. This indicates that EUGDX experiences smaller price fluctuations and is considered to be less risky than ESMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUGDX | ESMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.45% | 7.30% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 12.48% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.36% | 16.97% | +2.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.11% | 14.60% | +9.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.27% | 14.40% | +6.87% |