AOD vs EDD: Correlation
How closely do abrdn Total Dynamic Dividend Fund (AOD) and Morgan Stanley Emerging Markets Domestic Debt Fund, Inc. (EDD) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AOD and EDD?
Over the past 3 years, AOD and EDD moved with a correlation of 0.64, which is strong. Little has changed lately, as the 1-year reading of 0.59 lands near the 3-year figure. Over 5 years the correlation is 0.63, and the annualized covariance of weekly returns is 161.1 %².
By 3-year correlation, EDD places #12 of the 26 assets tracked against AOD. On 12-month performance AOD holds a 6.6-point edge, +31.8% against +25.2%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AOD vs EDD: side by side
| AOD (abrdn Total Dynamic Dividend Fund) | EDD (Morgan Stanley Emerging Markets Domestic Debt Fund, Inc.) | |
|---|---|---|
| 1-year return | +31.8% | +25.2% |
| 5-year return | +70.1% | +51.4% |
| Volatility (ann.) | 15.4% | 16.4% |
| Beta vs S&P 500 | 0.81 | 0.52 |
| Max drawdown (3Y) | -16.7% | -17.7% |
| Market cap | $1.1B | – |
| P/E (trailing) | 4.1 | 4.9 |
| Dividend yield | 5.46% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AOD | EDD |
|---|---|---|
| 2022 | -17.1% | -14.1% |
| 2023 | +12.7% | +14.1% |
| 2024 | +16.1% | +8.6% |
| 2025 | +32.1% | +32.5% |
| 2026 | +18.1% | +16.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AOD and EDD good diversifiers for each other?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AOD and EDD?
The AOD/EDD correlation stands at 0.64 on a 3-year window (1 year: 0.59, 5 years: 0.63), computed from weekly returns as of 2026-08-27.
Is EDD a good diversifier for AOD?
To a limited degree. At 0.64 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.64 mean?
A reading of 0.64 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aod-vs-edd.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aod-vs-edd/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AOD correlations · EDD correlations
