PAYS vs. EDD

Last updated Aug 1, 2026

PAYS (PaySign, Inc.) is a stock, while EDD (Morgan Stanley Emerging Markets Domestic Fund) is Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 10 years, PAYS returned 47.01%/yr vs 5.50%/yr for EDD. Their 0.11 correlation means their historical movements had little consistent relationship.

Performance

PAYS vs. EDD - Performance Comparison

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

Returns By Period

In the year-to-date period, PAYS achieves a 73.98% return, which is significantly higher than EDD's 14.80% return. Over the past 10 years, PAYS has outperformed EDD with an annualized return of 47.01%, while EDD has yielded a comparatively lower 5.50% annualized return.

PAYS

• 1D: -2.18%
• 1M: 4.67%
• 6M: 114.87%
• YTD: 73.98%
• 1Y: 20.43%
• 3Y*: 68.29%
• 5Y*: 27.49%
• 10Y*: 47.01%
• ALL TIME*: 14.52%

EDD

• 1D: -0.17%
• 1M: 0.69%
• 6M: 6.55%
• YTD: 14.80%
• 1Y: 27.62%
• 3Y*: 18.63%
• 5Y*: 8.18%
• 10Y*: 5.50%
• ALL TIME*: 2.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EDD Morgan Stanley Emerging Markets Domestic Fund	$2.10M	$3.03M	$2.42M
PAYS PaySign, Inc.	$4.75M	$4.21M	$5.00M

PAYS vs. EDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PAYS PaySign, Inc.	73.98%	70.53%	7.86%	8.53%	61.25%	-65.52%	-54.29%	188.35%	382.19%	118.56%
EDD Morgan Stanley Emerging Markets Domestic Fund	14.80%	32.46%	8.64%	14.09%	-14.15%	-7.03%	-2.84%	25.45%	-14.09%	16.34%

Correlation

The correlation between PAYS and EDD is 0.02, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.02
Correlation (3Y) Balances recent behavior with more history.	0.13
Correlation (5Y) Shows whether the relationship held over a longer period.	0.18
Correlation (10Y) Provides a long-term view across more market conditions.	0.15
Correlation (All Time) Calculated using the full available price history since Oct 10, 2007	0.11

The correlation between PAYS and EDD shifts across timeframes, from 0.02 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PAYS vs. EDD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PAYS

PAYS Risk / Return Rank: 57
PAYS Sharpe Ratio Rank: 56
PAYS Sortino Ratio Rank: 58
PAYS Omega Ratio Rank: 59
PAYS Calmar Ratio Rank: 55
PAYS Martin Ratio Rank: 55

EDD

EDD Risk / Return Rank: 57
EDD Sharpe Ratio Rank: 73
EDD Sortino Ratio Rank: 70
EDD Omega Ratio Rank: 69
EDD Calmar Ratio Rank: 38
EDD Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PAYS vs. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PaySign, Inc. (PAYS) 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.

	PAYS	EDD	Difference
Sharpe ratio: Return per unit of total volatility	0.29	1.66	-1.37
Sortino ratio: Return per unit of downside risk	0.95	2.32	-1.37
Omega ratio: Gain probability vs. loss probability	1.13	1.29	-0.17
Calmar ratio: Return relative to maximum drawdown	0.37	1.57	-1.20
Martin ratio: Return relative to average drawdown	0.74	5.03	-4.29

PAYS vs. EDD - Sharpe Ratio Comparison

The current PAYS Sharpe Ratio is 0.29, which is lower than the EDD Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of PAYS and EDD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PAYS vs. EDD - Drawdown Comparison

The maximum PAYS drawdown since its inception was -98.95%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for PAYS and EDD.

Drawdown Indicators

	PAYS	EDD	Difference
Max Drawdown Largest peak-to-trough decline	-98.95%	-59.38%	-39.57%
Max Drawdown (1Y) Largest decline over 1 year	-55.59%	-17.67%	-37.92%
Max Drawdown (3Y) Largest decline over 3 years	-64.60%	-17.67%	-46.93%
Max Drawdown (5Y) Largest decline over 5 years	-64.60%	-32.04%	-32.56%
Max Drawdown (10Y) Largest decline over 10 years	-93.09%	-42.70%	-50.39%
Current Drawdown Current decline from peak	-50.08%	-2.84%	-47.24%
Average Drawdown Average peak-to-trough decline	-69.26%	-24.06%	-45.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	29.72%	5.50%	+24.22%

Volatility

PAYS vs. EDD - Volatility Comparison

PaySign, Inc. (PAYS) has a higher volatility of 13.28% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 4.62%. This indicates that PAYS'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.

Volatility by Period

	PAYS	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.28%	4.62%	+8.66%
Volatility (6M) Calculated over the trailing 6-month period	52.10%	13.86%	+38.24%
Volatility (1Y) Calculated over the trailing 1-year period	70.23%	16.72%	+53.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.40%	15.57%	+51.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	75.75%	17.66%	+58.09%

Dividends

PAYS vs. EDD - Dividend Comparison

PAYS has not paid dividends to shareholders, while EDD's dividend yield for the trailing twelve months is around 10.82%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDD Morgan Stanley Emerging Markets Domestic Fund	10.82%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%
PAYS PaySign, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAYS and EDD in my portfolio?

PAYS and EDD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAYS or EDD?

PAYS has higher volatility (13.28%) compared to EDD (4.62%). In terms of maximum drawdown, PAYS dropped -98.95% vs EDD's -59.38%.

Which has better risk-adjusted returns?

EDD currently has the higher Sharpe Ratio (1.66 vs 0.29), 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.