MSD vs. EMB
Compare and contrast key facts about Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB).
EMB is a passively managed fund by iShares that tracks the performance of the JPMorgan EMBI Global Core Index. It was launched on Dec 17, 2007.
Performance
MSD vs. EMB - Performance Comparison
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MSD vs. EMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | -3.10% | 5.58% | 24.92% | 19.14% | -22.10% | 2.20% | 0.73% | 24.38% | -12.31% | 16.33% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | -1.61% | 13.85% | 5.54% | 10.62% | -18.63% | -2.23% | 5.42% | 15.48% | -5.47% | 10.28% |
Returns By Period
In the year-to-date period, MSD achieves a -3.10% return, which is significantly lower than EMB's -1.61% return. Over the past 10 years, MSD has outperformed EMB with an annualized return of 5.35%, while EMB has yielded a comparatively lower 3.18% annualized return.
MSD
- 1D
- 0.72%
- 1M
- -7.36%
- YTD
- -3.10%
- 6M
- -0.84%
- 1Y
- -4.80%
- 3Y*
- 14.71%
- 5Y*
- 4.27%
- 10Y*
- 5.35%
EMB
- 1D
- 0.88%
- 1M
- -3.49%
- YTD
- -1.61%
- 6M
- 1.15%
- 1Y
- 9.10%
- 3Y*
- 8.35%
- 5Y*
- 1.77%
- 10Y*
- 3.18%
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Return for Risk
MSD vs. EMB — Risk / Return Rank
MSD
EMB
MSD vs. EMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB). 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.
| MSD | EMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.36 | 1.32 | -1.68 |
Sortino ratioReturn per unit of downside risk | -0.38 | 1.86 | -2.24 |
Omega ratioGain probability vs. loss probability | 0.94 | 1.28 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 2.07 | -2.28 |
Martin ratioReturn relative to average drawdown | -0.52 | 8.46 | -8.98 |
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
| MSD | EMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.36 | 1.32 | -1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | 0.18 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.32 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.42 | -0.07 |
Correlation
The correlation between MSD and EMB is 0.45, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
MSD vs. EMB - Dividend Comparison
MSD's dividend yield for the trailing twelve months is around 9.26%, more than EMB's 5.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | 9.26% | 9.88% | 11.88% | 10.90% | 7.34% | 4.99% | 4.67% | 5.37% | 6.56% | 5.81% | 6.87% | 7.03% |
EMB iShares J.P. Morgan USD Emerging Markets Bond ETF | 5.09% | 4.98% | 5.46% | 4.74% | 5.04% | 3.89% | 3.88% | 4.51% | 5.64% | 4.54% | 4.83% | 4.84% |
Drawdowns
MSD vs. EMB - Drawdown Comparison
The maximum MSD drawdown since its inception was -58.51%, which is greater than EMB's maximum drawdown of -34.70%. Use the drawdown chart below to compare losses from any high point for MSD and EMB.
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Drawdown Indicators
| MSD | EMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.51% | -34.70% | -23.81% |
Max Drawdown (1Y)Largest decline over 1 year | -12.84% | -4.51% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -28.74% | -5.15% |
Max Drawdown (10Y)Largest decline over 10 years | -37.50% | -28.74% | -8.76% |
Current DrawdownCurrent decline from peak | -9.70% | -3.50% | -6.20% |
Average DrawdownAverage peak-to-trough decline | -11.33% | -5.10% | -6.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 1.10% | +3.98% |
Volatility
MSD vs. EMB - Volatility Comparison
Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) has a higher volatility of 4.88% compared to iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB) at 3.12%. This indicates that MSD's price experiences larger fluctuations and is considered to be riskier than EMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSD | EMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.88% | 3.12% | +1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.28% | 4.01% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.51% | 6.95% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.92% | 9.75% | +4.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.67% | 9.94% | +4.73% |