SE vs. EDD

Last updated Aug 1, 2026

SE (Sea Limited) is a stock, while EDD (Morgan Stanley Emerging Markets Domestic Fund) is Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 5 years, SE returned -17.31%/yr vs 8.18%/yr for EDD. Their 0.24 correlation means their historical movements had little consistent relationship.

Performance

SE vs. EDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Sea Limited (SE) 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, SE achieves a -16.33% return, which is significantly lower than EDD's 14.80% return.

SE

• 1D: 0.47%
• 1M: 4.31%
• 6M: -8.37%
• YTD: -16.33%
• 1Y: -31.86%
• 3Y*: 17.43%
• 5Y*: -17.31%
• 10Y*: —
• ALL TIME*: 23.92%

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
SE Sea Limited	$416.43M	$503.28M	$427.19M

SE vs. EDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SE Sea Limited	-16.33%	20.24%	161.98%	-22.16%	-76.74%	12.39%	394.90%	255.30%	-15.08%	-17.97%
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%	-1.99%

Correlation

The correlation between SE and EDD is 0.18, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.18
Correlation (3Y) Balances recent behavior with more history.	0.17
Correlation (5Y) Shows whether the relationship held over a longer period.	0.24
Correlation (All Time) Calculated using the full available price history since Oct 20, 2017	0.24

Return for Risk

SE vs. EDD — Risk / Return Rank

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

SE

SE Risk / Return Rank: 21
SE Sharpe Ratio Rank: 16
SE Sortino Ratio Rank: 17
SE Omega Ratio Rank: 18
SE Calmar Ratio Rank: 25
SE Martin Ratio Rank: 28

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.

SE vs. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Sea Limited (SE) 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.

	SE	EDD	Difference
Sharpe ratio: Return per unit of total volatility	-0.62	1.66	-2.28
Sortino ratio: Return per unit of downside risk	-0.71	2.32	-3.03
Omega ratio: Gain probability vs. loss probability	0.91	1.29	-0.38
Calmar ratio: Return relative to maximum drawdown	-0.53	1.57	-2.10
Martin ratio: Return relative to average drawdown	-0.79	5.03	-5.82

SE vs. EDD - Sharpe Ratio Comparison

The current SE Sharpe Ratio is -0.62, which is lower than the EDD Sharpe Ratio of 1.66. The chart below compares the historical Sharpe Ratios of SE 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

SE vs. EDD - Drawdown Comparison

The maximum SE drawdown since its inception was -90.51%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for SE and EDD.

Drawdown Indicators

	SE	EDD	Difference
Max Drawdown Largest peak-to-trough decline	-90.51%	-59.38%	-31.13%
Max Drawdown (1Y) Largest decline over 1 year	-60.22%	-17.67%	-42.55%
Max Drawdown (3Y) Largest decline over 3 years	-60.22%	-17.67%	-42.55%
Max Drawdown (5Y) Largest decline over 5 years	-90.51%	-32.04%	-58.47%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.70%	—
Current Drawdown Current decline from peak	-70.91%	-2.84%	-68.07%
Average Drawdown Average peak-to-trough decline	-44.53%	-24.06%	-20.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	40.54%	5.50%	+35.04%

Volatility

SE vs. EDD - Volatility Comparison

Sea Limited (SE) has a higher volatility of 11.04% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 4.62%. This indicates that SE'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

	SE	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.04%	4.62%	+6.42%
Volatility (6M) Calculated over the trailing 6-month period	39.24%	13.86%	+25.38%
Volatility (1Y) Calculated over the trailing 1-year period	51.46%	16.72%	+34.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	64.24%	15.57%	+48.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.35%	17.66%	+44.69%

Dividends

SE vs. EDD - Dividend Comparison

SE 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%
SE Sea Limited	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 SE and EDD in my portfolio?

SE and EDD have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SE or EDD?

SE has higher volatility (11.04%) compared to EDD (4.62%). In terms of maximum drawdown, SE dropped -90.51% vs EDD's -59.38%.

Which has better risk-adjusted returns?

EDD currently has the higher Sharpe Ratio (1.66 vs -0.62), 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.