XSD vs. EDD

Last updated Jun 4, 2026

XSD (SPDR S&P Semiconductor ETF) and EDD (Morgan Stanley Emerging Markets Domestic Fund) are both funds - XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry, while EDD is a Emerging Markets Bonds fund managed by Morgan Stanley. Over the past 10 years, XSD returned 31.10%/yr vs 5.09%/yr for EDD. At a 0.36 correlation, their price movements are largely independent. XSD charges 0.35%/yr vs 2.20%/yr for EDD.

Performance

XSD vs. EDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P Semiconductor ETF (XSD) 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, XSD achieves a 102.14% return, which is significantly higher than EDD's 3.21% return. Over the past 10 years, XSD has outperformed EDD with an annualized return of 31.10%, while EDD has yielded a comparatively lower 5.09% annualized return.

XSD

• 1D: 1.51%
• 1M: 30.91%
• YTD: 102.14%
• 6M: 92.84%
• 1Y: 180.25%
• 3Y*: 46.41%
• 5Y*: 29.69%
• 10Y*: 31.10%

EDD

• 1D: -0.18%
• 1M: -1.09%
• YTD: 3.21%
• 6M: 2.44%
• 1Y: 19.08%
• 3Y*: 16.36%
• 5Y*: 5.85%
• 10Y*: 5.09%

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

XSD vs. EDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XSD SPDR S&P Semiconductor ETF	102.14%	29.85%	10.75%	34.87%	-30.92%	42.54%	61.95%	64.66%	-6.35%	25.21%
EDD Morgan Stanley Emerging Markets Domestic Fund	3.21%	32.46%	8.64%	14.09%	-14.15%	-7.03%	-2.84%	25.45%	-14.09%	16.34%

Correlation

The correlation between XSD and EDD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.27
Correlation (3Y) Calculated over the trailing 3-year period	0.30
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Apr 25, 2007	0.36

Return for Risk

XSD vs. EDD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

XSD

XSD Risk / Return Rank: 95
XSD Sharpe Ratio Rank: 97
XSD Sortino Ratio Rank: 94
XSD Omega Ratio Rank: 93
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 96

EDD

EDD Risk / Return Rank: 15
EDD Sharpe Ratio Rank: 18
EDD Sortino Ratio Rank: 17
EDD Omega Ratio Rank: 18
EDD Calmar Ratio Rank: 11
EDD Martin Ratio Rank: 12

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XSD vs. EDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Semiconductor ETF (XSD) 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.

	XSD	EDD	Difference
Sharpe ratio: Return per unit of total volatility	5.00	1.19	+3.81
Sortino ratio: Return per unit of downside risk	5.03	1.69	+3.33
Omega ratio: Gain probability vs. loss probability	1.65	1.22	+0.43
Calmar ratio: Return relative to maximum drawdown	9.75	1.08	+8.67
Martin ratio: Return relative to average drawdown	33.91	3.64	+30.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XSD vs. EDD - Sharpe Ratio Comparison

The current XSD Sharpe Ratio is 5.00, which is higher than the EDD Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of XSD 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.

Sharpe Ratios by Period

	XSD	EDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	5.00	1.19	+3.81
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.78	0.38	+0.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.89	0.29	+0.60
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.11	+0.32

Drawdowns

XSD vs. EDD - Drawdown Comparison

The maximum XSD drawdown since its inception was -64.56%, which is greater than EDD's maximum drawdown of -59.38%. Use the drawdown chart below to compare losses from any high point for XSD and EDD.

Drawdown Indicators

	XSD	EDD	Difference
Max Drawdown Largest peak-to-trough decline	-64.56%	-59.38%	-5.18%
Max Drawdown (1Y) Largest decline over 1 year	-18.61%	-17.67%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-41.25%	-17.67%	-23.58%
Max Drawdown (5Y) Largest decline over 5 years	-42.27%	-32.04%	-10.23%
Max Drawdown (10Y) Largest decline over 10 years	-42.27%	-42.70%	+0.43%
Current Drawdown Current decline from peak	0.00%	-9.17%	+9.17%
Average Drawdown Average peak-to-trough decline	-13.74%	-24.23%	+10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	5.26%	+0.08%

Volatility

XSD vs. EDD - Volatility Comparison

SPDR S&P Semiconductor ETF (XSD) has a higher volatility of 14.94% compared to Morgan Stanley Emerging Markets Domestic Fund (EDD) at 4.70%. This indicates that XSD'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

	XSD	EDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.94%	4.70%	+10.24%
Volatility (6M) Calculated over the trailing 6-month period	27.89%	13.02%	+14.87%
Volatility (1Y) Calculated over the trailing 1-year period	36.39%	16.12%	+20.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.25%	15.32%	+22.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.96%	17.72%	+17.24%

XSD vs. EDD - Expense Ratio Comparison

XSD has a 0.35% expense ratio, which is lower than EDD's 2.20% expense ratio.

Dividends

XSD vs. EDD - Dividend Comparison

XSD's dividend yield for the trailing twelve months is around 0.12%, less than EDD's 9.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EDD Morgan Stanley Emerging Markets Domestic Fund	9.36%	9.76%	11.45%	7.30%	6.82%	6.93%	6.92%	8.15%	9.90%	8.18%	10.32%	12.65%
XSD SPDR S&P Semiconductor ETF	0.12%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both XSD and EDD in my portfolio?

XSD and EDD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XSD or EDD?

XSD has higher volatility (14.94%) compared to EDD (4.70%). In terms of maximum drawdown, XSD dropped -64.56% vs EDD's -59.38%.

Which has better risk-adjusted returns?

XSD currently has the higher Sharpe Ratio (5.00 vs 1.19), 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.