GMOQX vs. EDD

Last updated Apr 2, 2026

Compare and contrast key facts about GMO Emerging Country Debt Fund Class VI (GMOQX) and Morgan Stanley Emerging Markets Domestic Fund (EDD).

GMOQX is an actively managed fund by GMO. It was launched on Apr 19, 1994. EDD is managed by Morgan Stanley. It was launched on Apr 24, 2007.

Performance

GMOQX vs. EDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GMO Emerging Country Debt Fund Class VI (GMOQX) and Morgan Stanley Emerging Markets Domestic Fund (EDD). The values are adjusted to include any dividend payments, if applicable.

GMOQX vs. EDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GMOQX GMO Emerging Country Debt Fund Class VI	2.32%	22.45%	12.60%	17.76%	-16.26%	-2.20%
EDD Morgan Stanley Emerging Markets Domestic Fund	-2.66%	32.46%	8.64%	14.09%	-14.15%	-7.24%

Returns By Period

In the year-to-date period, GMOQX achieves a 2.32% return, which is significantly higher than EDD's -2.66% return.

GMOQX

• 1D: 0.31%
• 1M: -2.50%
• YTD: 2.32%
• 6M: 8.47%
• 1Y: 20.48%
• 3Y*: 17.70%
• 5Y*: —
• 10Y*: —

EDD

• 1D: 1.38%
• 1M: -12.63%
• YTD: -2.66%
• 6M: 0.75%
• 1Y: 18.91%
• 3Y*: 15.20%
• 5Y*: 5.58%
• 10Y*: 4.57%

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

GMOQX vs. EDD - Expense Ratio Comparison

GMOQX has a 0.51% expense ratio, which is lower than EDD's 2.20% expense ratio.

EDD

Morgan Stanley Emerging Markets Domestic Fund

GMOQX

GMO Emerging Country Debt Fund Class VI

Return for Risk

GMOQX vs. EDD — Risk / Return Rank

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

GMOQX

GMOQX Risk / Return Rank: 97
GMOQX Sharpe Ratio Rank: 98
GMOQX Sortino Ratio Rank: 98
GMOQX Omega Ratio Rank: 98
GMOQX Calmar Ratio Rank: 95
GMOQX Martin Ratio Rank: 97

EDD

EDD Risk / Return Rank: 50
EDD Sharpe Ratio Rank: 59
EDD Sortino Ratio Rank: 56
EDD Omega Ratio Rank: 47
EDD Calmar Ratio Rank: 42
EDD Martin Ratio Rank: 47

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.

GMOQX vs. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GMO Emerging Country Debt Fund Class VI (GMOQX) 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.

	GMOQX	EDD	Difference
Sharpe ratio Return per unit of total volatility	3.14	1.13	+2.02
Sortino ratio Return per unit of downside risk	4.57	1.57	+3.00
Omega ratio Gain probability vs. loss probability	1.75	1.21	+0.54
Calmar ratio Return relative to maximum drawdown	3.59	1.16	+2.43
Martin ratio Return relative to average drawdown	18.03	4.92	+13.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GMOQX vs. EDD - Sharpe Ratio Comparison

The current GMOQX Sharpe Ratio is 3.14, which is higher than the EDD Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of GMOQX and EDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GMOQX	EDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.14	1.13	+2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.26	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.10	+0.53

Correlation

The correlation between GMOQX and EDD is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GMOQX vs. EDD - Dividend Comparison

GMOQX's dividend yield for the trailing twelve months is around 6.23%, less than EDD's 9.92% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GMOQX GMO Emerging Country Debt Fund Class VI	6.23%	6.37%	6.23%	10.36%	13.87%	7.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EDD Morgan Stanley Emerging Markets Domestic Fund	9.92%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%

Drawdowns

GMOQX vs. EDD - Drawdown Comparison

The maximum GMOQX drawdown since its inception was -31.41%, smaller than the maximum EDD drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for GMOQX and EDD.

Drawdown Indicators

	GMOQX	EDD	Difference
Max Drawdown Largest peak-to-trough decline	-31.41%	-59.38%	+27.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.66%	-17.67%	+12.01%
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	-3.53%	-14.33%	+10.80%
Average Drawdown Average peak-to-trough decline	-10.04%	-24.38%	+14.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.14%	4.15%	-3.01%

Volatility

GMOQX vs. EDD - Volatility Comparison

The current volatility for GMO Emerging Country Debt Fund Class VI (GMOQX) is 2.28%, while Morgan Stanley Emerging Markets Domestic Fund (EDD) has a volatility of 7.68%. This indicates that GMOQX experiences smaller price fluctuations and is considered to be less risky than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMOQX	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.28%	7.68%	-5.40%
Volatility (6M) Calculated over the trailing 6-month period	3.93%	11.64%	-7.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.71%	16.92%	-10.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.00%	15.09%	-4.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.00%	17.65%	-6.65%