EUGDX vs. FEZ
Compare and contrast key facts about Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and SPDR EURO STOXX 50 ETF (FEZ).
EUGDX is managed by Morgan Stanley. It was launched on Jul 27, 1997. FEZ is a passively managed fund by State Street that tracks the performance of the EURO STOXX 50 Index. It was launched on Oct 21, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: EUGDX or FEZ.
Correlation
The correlation between EUGDX and FEZ is 0.85, 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.
Performance
EUGDX vs. FEZ - Performance Comparison
Key characteristics
EUGDX:
0.88
FEZ:
0.46
EUGDX:
1.33
FEZ:
0.74
EUGDX:
1.15
FEZ:
1.09
EUGDX:
0.34
FEZ:
0.64
EUGDX:
3.66
FEZ:
1.46
EUGDX:
3.72%
FEZ:
5.06%
EUGDX:
15.59%
FEZ:
15.95%
EUGDX:
-58.33%
FEZ:
-64.21%
EUGDX:
-31.11%
FEZ:
-8.72%
Returns By Period
In the year-to-date period, EUGDX achieves a -0.12% return, which is significantly lower than FEZ's 1.68% return. Over the past 10 years, EUGDX has underperformed FEZ with an annualized return of 4.25%, while FEZ has yielded a comparatively higher 6.02% annualized return.
EUGDX
-0.12%
-3.31%
4.30%
13.52%
4.02%
4.25%
FEZ
1.68%
-1.54%
-4.69%
7.25%
6.68%
6.02%
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EUGDX vs. FEZ - Expense Ratio Comparison
EUGDX has a 1.05% expense ratio, which is higher than FEZ's 0.29% expense ratio.
Risk-Adjusted Performance
EUGDX vs. FEZ — Risk-Adjusted Performance Rank
EUGDX
FEZ
EUGDX vs. FEZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) and SPDR EURO STOXX 50 ETF (FEZ). 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.
Dividends
EUGDX vs. FEZ - Dividend Comparison
EUGDX has not paid dividends to shareholders, while FEZ's dividend yield for the trailing twelve months is around 2.89%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUGDX Morgan Stanley Europe Opportunity Fund Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.77% | 1.01% | 0.90% | 2.75% | 2.30% | 4.22% |
FEZ SPDR EURO STOXX 50 ETF | 2.89% | 2.94% | 2.75% | 3.05% | 2.61% | 2.12% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% |
Drawdowns
EUGDX vs. FEZ - Drawdown Comparison
The maximum EUGDX drawdown since its inception was -58.33%, smaller than the maximum FEZ drawdown of -64.21%. Use the drawdown chart below to compare losses from any high point for EUGDX and FEZ. For additional features, visit the drawdowns tool.
Volatility
EUGDX vs. FEZ - Volatility Comparison
The current volatility for Morgan Stanley Europe Opportunity Fund Inc. (EUGDX) is 3.79%, while SPDR EURO STOXX 50 ETF (FEZ) has a volatility of 4.46%. This indicates that EUGDX experiences smaller price fluctuations and is considered to be less risky than FEZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.