EDD vs SPY
Morgan Stanley Emerging Markets Domestic Debt Fund Inc. vs State Street SPDR S&P 500 ETF Trust
Which is better, EDD or SPY?
Emerging Markets Bond against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | EDD | SPY |
|---|---|---|
| Expense Ratio | 1.90% | 0.09%Best |
| AUM | - | $804.7B |
| Dividend Yield | 10.73% | 0.98% |
| Holdings | 684 | 505 |
| YTD Return | +9.62% | +10.96%Best |
| 1Y Return | +14.27% | +15.52%Best |
| 3Y Return (annualized) | +18.31% | +20.73%Best |
| 5Y Return (annualized) | +7.37% | +12.53%Best |
| Volatility (annualized) | 20.9% | 15.5%Best |
| Max Drawdown | -81.5% | -56.5%Best |
| $10,000 over 5 years | $14,270 | $18,044Best |
| Fund Family | Morgan Stanley Investment Management | State Street Investment Management |
| Category | Fixed Income | Equity |
| Style | Emerging Markets Bond | Large Cap Blend |
| Inception | Apr 24, 2007 | Jan 22, 1993 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 24, 2007 to Sep 16, 2026 (19.4 years).
EDD vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 19.4 years both funds cover.
EDD vs SPY Performance
Morgan Stanley Emerging Markets Domestic Debt Fund Inc. (EDD) is an ETF from Morgan Stanley Investment Management and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year EDD returned +14.27% while SPY returned +15.52%. Year to date, EDD is up 9.62% versus a gain of 10.96% for SPY.
Over three years, EDD compounded at +18.31% per year against +20.73% for SPY; over five years the annualized figures are +7.37% and +12.53% respectively. Across the full 19-year window we track, SPY has the edge at +9.17% annualized vs -3.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
EDD has been the more volatile fund, with annualized monthly volatility of 20.9% compared with 15.5% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -81.5% for EDD and -56.5% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
EDD charges 1.90% per year while SPY charges 0.09%. On a $10,000 position that is $190 vs $9 annually, a gap of $181 per year that compounds over a long holding period. On income, EDD currently yields 10.73% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 9 holdings in EDD and 504 in SPY, totalling 4.1% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 213 days apart, EDD as of Jan 31, 2026 and SPY as of Sep 1, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 9 positions we hold weights for in EDD and 504 in SPY, against full books of 684 and 505.
You are not choosing between two funds in isolation.
Whichever of EDD and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, EDD or SPY?
EDD has an expense ratio of 1.90% while SPY charges 0.09%. SPY is the cheaper option, by $181 a year on a $10,000 investment.
Which performed better, EDD or SPY?
Over the past year EDD returned +14.27% vs +15.52% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (19 years), EDD annualized -3.94% vs +9.17% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, EDD or SPY?
EDD has been the more volatile fund at 20.9% annualized versus 15.5% for SPY. Worst drawdown: EDD -81.5% vs SPY -56.5%.
Should I hold both EDD and SPY?
EDD and SPY have a monthly-return correlation of 0.61, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, EDD or SPY?
EDD yields 10.73% while SPY yields 0.98%, so EDD currently pays the higher dividend yield.
Is SPY better than EDD?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.