SHOP vs. EDD
SHOP (Shopify 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, SHOP returned 43.76%/yr vs 5.82%/yr for EDD. At a 0.26 correlation, their price movements are largely independent.
Performance
SHOP vs. EDD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SHOP achieves a -23.87% return, which is significantly lower than EDD's 13.61% return. Over the past 10 years, SHOP has outperformed EDD with an annualized return of 43.76%, while EDD has yielded a comparatively lower 5.82% annualized return.
SHOP
- 1D
- -0.51%
- 1M
- 10.93%
- 6M
- -25.50%
- YTD
- -23.87%
- 1Y
- 9.30%
- 3Y*
- 24.73%
- 5Y*
- -3.90%
- 10Y*
- 43.76%
EDD
- 1D
- -0.52%
- 1M
- 7.32%
- 6M
- 8.80%
- YTD
- 13.61%
- 1Y
- 25.08%
- 3Y*
- 18.30%
- 5Y*
- 8.49%
- 10Y*
- 5.82%
SHOP vs. EDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHOP Shopify Inc. | -23.87% | 51.39% | 36.50% | 124.43% | -74.80% | 21.68% | 184.71% | 187.17% | 37.08% | 135.60% |
EDD Morgan Stanley Emerging Markets Domestic Fund | 13.61% | 32.46% | 8.64% | 14.09% | -14.15% | -7.03% | -2.84% | 25.45% | -14.09% | 16.34% |
Correlation
The correlation between SHOP and EDD is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since May 21, 2015 | 0.26 |
The correlation between SHOP and EDD shifts across timeframes, from 0.14 (1 year) to 0.28 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SHOP vs. EDD — Risk / Return Rank
SHOP
EDD
SHOP vs. EDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Shopify Inc. (SHOP) 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.
| SHOP | EDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.27 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.44 | -1.30 |
| Martin ratioReturn relative to average drawdown | 0.27 | 4.62 | -4.35 |
Loading charts...
Drawdowns
SHOP vs. EDD - Drawdown Comparison
The maximum SHOP drawdown since its inception was -84.82%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for SHOP and EDD.
Loading charts...
Drawdown Indicators
| SHOP | EDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.82% | -59.38% | -25.44% |
Max Drawdown (1Y)Largest decline over 1 year | -46.71% | -17.67% | -29.04% |
Max Drawdown (3Y)Largest decline over 3 years | -46.71% | -17.67% | -29.04% |
Max Drawdown (5Y)Largest decline over 5 years | -84.82% | -32.04% | -52.78% |
Max Drawdown (10Y)Largest decline over 10 years | -84.82% | -42.70% | -42.12% |
Current DrawdownCurrent decline from peak | -31.55% | -2.04% | -29.51% |
Average DrawdownAverage peak-to-trough decline | -28.27% | -24.13% | -4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.21% | 5.50% | +18.71% |
Volatility
SHOP vs. EDD - Volatility Comparison
Shopify Inc. (SHOP) has a higher volatility of 13.46% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 5.29%. This indicates that SHOP'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.
Loading charts...
Volatility by Period
| SHOP | EDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.46% | 5.29% | +8.17% |
Volatility (6M)Calculated over the trailing 6-month period | 44.46% | 13.43% | +31.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 57.63% | 16.67% | +40.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 65.64% | 15.47% | +50.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 59.04% | 17.64% | +41.40% |
Dividends
SHOP vs. EDD - Dividend Comparison
SHOP has not paid dividends to shareholders, while EDD's dividend yield for the trailing twelve months is around 10.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDD Morgan Stanley Emerging Markets Domestic Fund | 10.94% | 9.76% | 11.45% | 7.30% | 6.82% | 6.93% | 6.92% | 8.15% | 9.90% | 8.18% | 10.32% | 12.65% |
SHOP Shopify 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
SHOP and EDD have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SHOP has higher volatility (13.46%) compared to EDD (5.29%). In terms of maximum drawdown, SHOP dropped -84.82% vs EDD's -59.38%.
EDD currently has the higher Sharpe Ratio (1.53 vs 0.11), 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.
Find the right allocation for SHOP and EDD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer