MDOEX vs. TEQLX

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley Developing Opportunity Portfolio (MDOEX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX).

MDOEX is managed by Morgan Stanley. It was launched on Feb 13, 2020. TEQLX is managed by TIAA Investments. It was launched on Aug 30, 2010.

Performance

MDOEX vs. TEQLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley Developing Opportunity Portfolio (MDOEX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). The values are adjusted to include any dividend payments, if applicable.

MDOEX vs. TEQLX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MDOEX Morgan Stanley Developing Opportunity Portfolio	-12.89%	8.28%	16.79%	5.36%	-30.36%	-18.69%	45.00%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	0.14%	34.10%	6.71%	9.23%	-20.22%	-3.07%	18.60%

Returns By Period

In the year-to-date period, MDOEX achieves a -12.89% return, which is significantly lower than TEQLX's 0.14% return.

MDOEX

• 1D: -0.95%
• 1M: -15.18%
• YTD: -12.89%
• 6M: -20.44%
• 1Y: -8.07%
• 3Y*: 3.12%
• 5Y*: -7.71%
• 10Y*: —

TEQLX

• 1D: -0.99%
• 1M: -12.40%
• YTD: 0.14%
• 6M: 4.58%
• 1Y: 29.14%
• 3Y*: 14.46%
• 5Y*: 3.30%
• 10Y*: 7.64%

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

MDOEX vs. TEQLX - Expense Ratio Comparison

MDOEX has a 1.15% expense ratio, which is higher than TEQLX's 0.19% expense ratio.

MDOEX

Morgan Stanley Developing Opportunity Portfolio

TEQLX

TIAA-CREF Emerging Markets Equity Index Fund

Return for Risk

MDOEX vs. TEQLX — Risk / Return Rank

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

MDOEX

MDOEX Risk / Return Rank: 2
MDOEX Sharpe Ratio Rank: 2
MDOEX Sortino Ratio Rank: 2
MDOEX Omega Ratio Rank: 2
MDOEX Calmar Ratio Rank: 2
MDOEX Martin Ratio Rank: 1

TEQLX

TEQLX Risk / Return Rank: 83
TEQLX Sharpe Ratio Rank: 86
TEQLX Sortino Ratio Rank: 84
TEQLX Omega Ratio Rank: 81
TEQLX Calmar Ratio Rank: 83
TEQLX Martin Ratio Rank: 80

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.

MDOEX vs. TEQLX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Developing Opportunity Portfolio (MDOEX) and TIAA-CREF Emerging Markets Equity Index Fund (TEQLX). 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.

	MDOEX	TEQLX	Difference
Sharpe ratio Return per unit of total volatility	-0.46	1.65	-2.11
Sortino ratio Return per unit of downside risk	-0.51	2.17	-2.68
Omega ratio Gain probability vs. loss probability	0.93	1.32	-0.39
Calmar ratio Return relative to maximum drawdown	-0.52	2.03	-2.54
Martin ratio Return relative to average drawdown	-1.58	7.82	-9.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MDOEX vs. TEQLX - Sharpe Ratio Comparison

The current MDOEX Sharpe Ratio is -0.46, which is lower than the TEQLX Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of MDOEX and TEQLX, 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

	MDOEX	TEQLX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.46	1.65	-2.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	0.20	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.03	0.26	-0.29

Correlation

The correlation between MDOEX and TEQLX is 0.88, 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

MDOEX vs. TEQLX - Dividend Comparison

MDOEX's dividend yield for the trailing twelve months is around 0.85%, less than TEQLX's 2.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDOEX Morgan Stanley Developing Opportunity Portfolio	0.85%	0.74%	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TEQLX TIAA-CREF Emerging Markets Equity Index Fund	2.82%	2.83%	2.93%	3.08%	2.51%	2.27%	2.04%	2.77%	2.43%	1.98%	1.88%	2.40%

Drawdowns

MDOEX vs. TEQLX - Drawdown Comparison

The maximum MDOEX drawdown since its inception was -59.92%, which is greater than TEQLX's maximum drawdown of -39.33%. Use the drawdown chart below to compare losses from any high point for MDOEX and TEQLX.

Drawdown Indicators

	MDOEX	TEQLX	Difference
Max Drawdown Largest peak-to-trough decline	-59.92%	-39.33%	-20.59%
Max Drawdown (1Y) Largest decline over 1 year	-21.82%	-13.32%	-8.50%
Max Drawdown (5Y) Largest decline over 5 years	-53.14%	-37.14%	-16.00%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.33%	—
Current Drawdown Current decline from peak	-44.89%	-13.32%	-31.57%
Average Drawdown Average peak-to-trough decline	-35.07%	-14.74%	-20.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.12%	3.45%	+3.67%

Volatility

MDOEX vs. TEQLX - Volatility Comparison

Morgan Stanley Developing Opportunity Portfolio (MDOEX) has a higher volatility of 10.20% compared to TIAA-CREF Emerging Markets Equity Index Fund (TEQLX) at 8.59%. This indicates that MDOEX's price experiences larger fluctuations and is considered to be riskier than TEQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MDOEX	TEQLX	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.20%	8.59%	+1.61%
Volatility (6M) Calculated over the trailing 6-month period	15.15%	13.30%	+1.85%
Volatility (1Y) Calculated over the trailing 1-year period	19.73%	17.53%	+2.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	16.49%	+6.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.52%	17.44%	+7.08%