MSCOX vs. EDD
MSCOX (Morgan Stanley Institutional Fund Inception Portfolio Class C) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both mutual funds - MSCOX is a Small Cap Growth Equities fund actively managed by Morgan Stanley, while EDD is a Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 5 years, MSCOX returned -10.32%/yr vs 8.50%/yr for EDD. Their 0.30 correlation means their historical movements had little consistent relationship. MSCOX charges 2.10%/yr vs 2.20%/yr for EDD.
Performance
MSCOX vs. EDD - Performance Comparison
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Returns By Period
MSCOX
- 1D
- -4.29%
- 1M
- -4.38%
- 6M
- -1.94%
- YTD
- 0.00%
- 1Y
- -8.13%
- 3Y*
- 9.57%
- 5Y*
- -10.32%
- 10Y*
- —
- ALL TIME*
- 10.83%
EDD
- 1D
- 1.56%
- 1M
- 3.27%
- 6M
- 7.29%
- YTD
- 15.59%
- 1Y
- 28.25%
- 3Y*
- 18.41%
- 5Y*
- 8.50%
- 10Y*
- 5.49%
- ALL TIME*
- 3.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.87M | $3.57M | $2.38M | |
| $0.00 | $0.00 | $0.00 |
MSCOX vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C | -0.00% | 0.00% | 28.07% | 52.94% | -59.90% | -5.01% | 147.58% | 35.22% | -0.81% | 3.20% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 15.59% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | -0.86% |
Correlation
The correlation between MSCOX and EDD is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2017 | 0.30 |
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Return for Risk
MSCOX vs. EDD — Risk / Return Rank
MSCOX
EDD
MSCOX vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Institutional Fund Inception Portfolio Class C (MSCOX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSCOX | EDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.30 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | 1.61 | -1.85 |
| Martin ratioReturn relative to average drawdown | -0.49 | 5.16 | -5.65 |
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Drawdowns
MSCOX vs. EDD - Drawdown Comparison
The maximum MSCOX drawdown since its inception was -76.57%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for MSCOX and EDD.
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Drawdown Indicators
| MSCOX | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.57% | -59.38% | -17.19% |
Max Drawdown (1Y)Largest decline over 1 year | -33.16% | -17.67% | -15.49% |
Max Drawdown (3Y)Largest decline over 3 years | -33.16% | -17.67% | -15.49% |
Max Drawdown (5Y)Largest decline over 5 years | -71.56% | -32.04% | -39.52% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.70% | — |
Current DrawdownCurrent decline from peak | -51.97% | -2.17% | -49.80% |
Average DrawdownAverage peak-to-trough decline | -34.65% | -24.08% | -10.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.54% | 5.49% | +11.05% |
Volatility
MSCOX vs. EDD - Volatility Comparison
Morgan Stanley Institutional Fund Inception Portfolio Class C (MSCOX) has a higher volatility of 8.05% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 5.66%. This indicates that MSCOX's price experiences larger fluctuations and is considered to be riskier than EDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSCOX | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.05% | 5.66% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 23.78% | 13.90% | +9.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.05% | 16.75% | +14.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.14% | 15.57% | +22.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.46% | 17.68% | +16.78% |
MSCOX vs. EDD - Expense Ratio Comparison
MSCOX has a 2.10% expense ratio, which is lower than EDD's 2.20% expense ratio.
Dividends
MSCOX vs. EDD - Dividend Comparison
MSCOX has not paid dividends to shareholders, while EDD's dividend yield for the trailing twelve months is around 10.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.75% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
MSCOX Morgan Stanley Institutional Fund Inception Portfolio Class C | 0.00% | 0.00% | 0.61% | 0.00% | 0.15% | 38.66% | 13.71% | 23.55% | 18.35% | 57.78% | 0.00% | 0.00% |
Frequently Asked Questions
MSCOX and EDD have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCOX has higher volatility (8.05%) compared to EDD (5.66%). In terms of maximum drawdown, MSCOX dropped -76.57% vs EDD's -59.38%.
EDD currently has the higher Sharpe Ratio (1.70 vs -0.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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