BASE vs MSDL

Comparison between Couchbase Inc (BASE, Company) and Morgan Stanley Direct Lending Fund (MSDL, Company).

BASE is from the Technology sector, while MSDL is from the Financial Services sector.

BASE vs MSDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BASE(COMPANY)	MSDL(COMPANY)
Market Cap	$1.34B	$1.33B
Max Drawdown	79.57%	42.73%
Sharpe Ratio	1.25	-0.69
5Y Beta	N/A	0.54
Industry	Software - Infrastructure	Asset Management
P/E Ratio	-17.28	15.43
Forward P/E	N/A	8.22
Dividend Yield	N/A	12.60%
Debt to Equity	0.00%	121.45%
Free Cash Flow Yield	-2.20%	15.23%
P/S Ratio	6.08	3.44
P/B Ratio	10.81	0.78

Market Cap

Winner

BASE

$1.34B

MSDL

$1.33B

Max Drawdown

BASE

79.57%

Winner

MSDL

42.73%

Sharpe Ratio

Winner

BASE

1.25

MSDL

-0.69

5Y Beta

BASE

N/A

MSDL

0.54

Industry

BASE

Software - Infrastructure

MSDL

Asset Management

P/E Ratio

Winner

BASE

-17.28

MSDL

15.43

Forward P/E

BASE

N/A

MSDL

8.22

Dividend Yield

BASE

N/A

MSDL

12.60%

Debt to Equity

Winner

BASE

0.00%

MSDL

121.45%

Free Cash Flow Yield

BASE

-2.20%

Winner

MSDL

15.23%

P/S Ratio

BASE

6.08

Winner

MSDL

3.44

P/B Ratio

BASE

10.81

Winner

MSDL

0.78

BASE vs MSDL - Historical Returns

Returns include dividend reinvestment.

Period	BASE	MSDL
1 month	+0.70%	+5.73%
3 months	+0.41%	+4.06%
6 months	+69.03%	-1.17%
1 year	+67.99%	-11.50%
5 years(CAGR)	-5.03%	N/A
Max(CAGR)	-5.03%	-0.76%

BASE

+0.70%

Winner

MSDL

+5.73%

BASE

+0.41%

Winner

MSDL

+4.06%

Winner

BASE

+69.03%

MSDL

-1.17%

Winner

BASE

+67.99%

MSDL

-11.50%

5Y(CAGR)

BASE

-5.03%

MSDL

N/A

Max(CAGR)

BASE

-5.03%

Winner

MSDL

-0.76%

BASE vs MSDL - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

Year	BASE	MSDL
2026	N/A	-0.81%
2025	+57.62%	-11.88%
2024	-26.22%	+11.06%
2023	+66.08%	N/A
2022	-46.23%	N/A
2021	-17.89%	N/A

BASE vs MSDL Drawdown Comparison

The maximum drawdown for BASE was -79.57%, occurring on Nov 7, 2022. This drawdown has not yet recovered.

The maximum drawdown for MSDL was -29.56%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current BASE drawdown is -52.48%. The current MSDL drawdown is -17.91%.

Rank	BASE	MSDL
#1	-79.57% Sep 8, 2021 - Nov 7, 2022	-29.56% Jun 21, 2024 - Mar 27, 2026
#2	-14.53% Aug 25, 2021 - Aug 31, 2021	-6.13% May 9, 2024 - Jun 21, 2024
#3	-13.74% Jul 23, 2021 - Aug 13, 2021	-6.08% Mar 27, 2024 - May 6, 2024
#4	-6.23% Aug 31, 2021 - Sep 8, 2021	-4.94% Jan 25, 2024 - Mar 14, 2024
#5	-2.42% Aug 16, 2021 - Aug 18, 2021	-4.15% Mar 20, 2024 - Mar 22, 2024
#6	-0.47% Aug 23, 2021 - Aug 25, 2021	-2.76% Mar 22, 2024 - Mar 26, 2024
#7	N/A	-2.37% May 6, 2024 - May 8, 2024
#8	N/A	-1.63% Mar 15, 2024 - Mar 20, 2024

Correlation

Correlation between BASE and MSDL is -0.51 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.51

-101