GLRY vs MSD

Comparison between INSPIRE GROWTH ETF (GLRY, ETF) and Morgan Stanley Emerging Markets Debt Fund Inc (MSD, ETF).

5-Year PerformanceGLRY has outperformed MSD, delivering a return of +9.2% compared to +4.0%

GLRY vs MSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GLRY(ETF)	MSD(ETF)
Net Assets	$164M	$164M
Expense Ratio	0.80%	N/A
Max Drawdown	43.44%	52.80%
Sharpe Ratio	1.36	-0.26
5Y Beta	1.01	0.37
P/E Ratio	25.95	N/A
Forward P/E	20.69	N/A
PEG Ratio	0.51	N/A
5Y Dividends CAGR	N/A	15.82%
5Y EPS CAGR	31.88%	N/A
Debt to Equity	52.47%	N/A
P/S Ratio	1.71	N/A
P/B Ratio	5.18	N/A

Net Assets

Winner

GLRY

$164M

MSD

$164M

Expense Ratio

GLRY

0.80%

MSD

N/A

Max Drawdown

Winner

GLRY

43.44%

MSD

52.80%

Sharpe Ratio

Winner

GLRY

1.36

MSD

-0.26

5Y Beta

GLRY

1.01

Winner

MSD

0.37

P/E Ratio

GLRY

25.95

MSD

N/A

Forward P/E

GLRY

20.69

MSD

N/A

PEG Ratio

GLRY

0.51

MSD

N/A

5Y Dividends CAGR

GLRY

N/A

MSD

15.82%

5Y EPS CAGR

GLRY

31.88%

MSD

N/A

Debt to Equity

GLRY

52.47%

MSD

N/A

P/S Ratio

GLRY

1.71

MSD

N/A

P/B Ratio

GLRY

5.18

MSD

N/A

GLRY vs MSD - Historical Returns

Returns include dividend reinvestment.

Period	GLRY	MSD
1 month	+3.37%	-2.29%
3 months	+13.15%	-1.66%
6 months	+17.74%	+2.81%
1 year	+30.96%	+0.14%
5 years(CAGR)	+9.15%	+3.96%
10 years(CAGR)	N/A	+5.09%
Max(CAGR)	+11.35%	+8.60%

Winner

GLRY

+3.37%

MSD

-2.29%

Winner

GLRY

+13.15%

MSD

-1.66%

Winner

GLRY

+17.74%

MSD

+2.81%

Winner

GLRY

+30.96%

MSD

+0.14%

5Y(CAGR)

Winner

GLRY

+9.15%

MSD

+3.96%

10Y(CAGR)

GLRY

N/A

MSD

+5.09%

Max(CAGR)

Winner

GLRY

+11.35%

MSD

+8.60%

GLRY vs MSD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	GLRY	MSD
2026	+17.19%	+0.54%
2025	+16.45%	+6.44%
2024	+16.67%	+24.34%
2023	+20.61%	+18.74%
2022	-22.90%	-21.74%
2021	+16.71%	+3.29%
2020	+4.13%	+1.05%
2019	N/A	+23.62%
2018	N/A	-12.82%
2017	N/A	+16.04%
2016	N/A	+14.03%
2015	N/A	+1.27%
2014	N/A	+0.55%
2013	N/A	-13.60%
2012	N/A	+21.07%
2011	N/A	+5.25%
2010	N/A	+13.98%
2009	N/A	+47.73%
2008	N/A	-19.39%
2007	N/A	-6.06%
2006	N/A	+11.32%
2005	N/A	+24.29%
2004	N/A	+10.62%
2003	N/A	+41.28%
2002	N/A	+10.80%
2001	N/A	+19.83%
2000	N/A	+6.89%
1999	N/A	-0.43%

GLRY vs MSD Drawdown Comparison

The maximum drawdown for GLRY was -40.58%, occurring on Sep 26, 2022. Recovery took 1103 trading sessions.

The maximum drawdown for MSD was -45.49%, occurring on Nov 20, 2008. Recovery took 677 trading sessions.

The current MSD drawdown is -6.62%.

Rank	GLRY	MSD
#1	-40.58% Feb 9, 2021 - Jul 2, 2025	-45.49% Dec 14, 2006 - Aug 25, 2009
#2	-10.89% Feb 26, 2026 - Apr 13, 2026	-37.50% Feb 20, 2020 - Jun 1, 2021
#3	-8.85% Oct 27, 2025 - Jan 15, 2026	-33.90% Sep 9, 2021 - Jul 3, 2024
#4	-5.62% Jan 29, 2026 - Feb 11, 2026	-21.29% Jan 24, 2013 - Aug 10, 2016
#5	-5.14% Apr 24, 2026 - May 26, 2026	-21.27% Jan 12, 2004 - Nov 18, 2004
#6	-4.95% Dec 22, 2020 - Jan 7, 2021	-20.31% Jun 4, 2002 - Feb 24, 2003
#7	-4.18% Oct 2, 2025 - Oct 24, 2025	-18.63% Feb 23, 2006 - Oct 24, 2006
#8	-3.07% Jun 3, 2026 - Jun 11, 2026	-14.62% Jan 2, 2018 - Jun 20, 2019
#9	-2.08% Dec 8, 2020 - Dec 14, 2020	-14.23% Aug 31, 2000 - Jan 16, 2001
#10	-1.98% May 26, 2026 - Jun 3, 2026	-12.85% Jun 8, 2001 - Nov 13, 2001
#11	-1.91% Jul 3, 2025 - Jul 25, 2025	-12.84% Apr 1, 2025 - Jan 22, 2026
#12	-1.90% Sep 23, 2025 - Sep 30, 2025	-12.57% Apr 26, 2010 - Jul 26, 2010
#13	-1.75% Jan 26, 2021 - Feb 1, 2021	-12.21% Mar 8, 2005 - Aug 15, 2005
#14	-1.72% Jan 15, 2026 - Jan 29, 2026	-11.67% Nov 5, 2010 - Aug 1, 2011
#15	-1.69% Aug 13, 2025 - Aug 27, 2025	-11.32% Jan 29, 2001 - Jun 8, 2001

Correlation

Correlation between GLRY and MSD is 0.90 which considered as a very strong positive correlation - the stocks move almost identically together.

0.90

-101

Dividend Comparison (1999 - 2026)

GLRY vs MSD dividend yield comparison.

Year	GLRY	MSD
2026	0.11%	1.93%
2025	0.34%	9.88%
2024	0.52%	11.88%
2023	1.07%	10.90%
2022	1.04%	7.34%
2021	4.00%	4.99%
2020	0.00%	4.67%
2019	0.00%	5.37%
2018	0.00%	6.56%
2017	0.00%	5.81%
2016	0.00%	6.87%
2015	0.00%	7.03%
2014	0.00%	6.27%
2013	0.00%	10.17%
2012	0.00%	5.27%
2011	0.00%	6.31%
2010	0.00%	10.02%
2009	0.00%	6.33%
2008	0.00%	12.20%
2007	0.00%	6.82%
2006	0.00%	7.11%
2005	0.00%	8.68%
2004	0.00%	10.57%
2003	0.00%	7.70%
2002	0.00%	8.74%
2001	0.00%	11.49%
2000	0.00%	12.65%
1999	0.00%	4.26%