MSD vs SHDG

Comparison between Morgan Stanley Emerging Markets Debt Fund Inc (MSD, ETF) and SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF).

MSD vs SHDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSD(ETF)	SHDG(ETF)
Net Assets	$164M	$164M
Expense Ratio	N/A	0.91%
Max Drawdown	52.80%	15.84%
Sharpe Ratio	-0.26	0.98
5Y Beta	0.37	0.66
5Y Dividends CAGR	15.82%	N/A

Net Assets

MSD

$164M

SHDG

$164M

Expense Ratio

MSD

N/A

SHDG

0.91%

Max Drawdown

MSD

52.80%

Winner

SHDG

15.84%

Sharpe Ratio

MSD

-0.26

Winner

SHDG

0.98

5Y Beta

Winner

MSD

0.37

SHDG

0.66

5Y Dividends CAGR

MSD

15.82%

SHDG

N/A

MSD vs SHDG - Historical Returns

Returns include dividend reinvestment.

Period	MSD	SHDG
1 month	-2.29%	+0.80%
3 months	-1.66%	+2.70%
6 months	+2.81%	+1.38%
1 year	+0.14%	+11.32%
5 years(CAGR)	+3.96%	N/A
10 years(CAGR)	+5.09%	N/A
Max(CAGR)	+8.60%	+14.36%

MSD

-2.29%

Winner

SHDG

+0.80%

MSD

-1.66%

Winner

SHDG

+2.70%

Winner

MSD

+2.81%

SHDG

+1.38%

MSD

+0.14%

Winner

SHDG

+11.32%

5Y(CAGR)

MSD

+3.96%

SHDG

N/A

10Y(CAGR)

MSD

+5.09%

SHDG

N/A

Max(CAGR)

MSD

+8.60%

Winner

SHDG

+14.36%

MSD vs SHDG - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSD	SHDG
2026	+0.54%	+0.89%
2025	+6.44%	+11.41%
2024	+24.34%	+20.29%
2023	+18.74%	+18.35%
2022	-21.74%	+2.56%
2021	+3.29%	N/A
2020	+1.05%	N/A
2019	+23.62%	N/A
2018	-12.82%	N/A
2017	+16.04%	N/A
2016	+14.03%	N/A
2015	+1.27%	N/A
2014	+0.55%	N/A
2013	-13.60%	N/A
2012	+21.07%	N/A
2011	+5.25%	N/A
2010	+13.98%	N/A
2009	+47.73%	N/A
2008	-19.39%	N/A
2007	-6.06%	N/A
2006	+11.32%	N/A
2005	+24.29%	N/A
2004	+10.62%	N/A
2003	+41.28%	N/A
2002	+10.80%	N/A
2001	+19.83%	N/A
2000	+6.89%	N/A
1999	-0.43%	N/A

MSD vs SHDG Drawdown Comparison

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

The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

The current MSD drawdown is -6.62%. The current SHDG drawdown is -0.65%.

Rank	MSD	SHDG
#1	-45.49% Dec 14, 2006 - Aug 25, 2009	-15.82% Feb 19, 2025 - Jul 22, 2025
#2	-37.50% Feb 20, 2020 - Jun 1, 2021	-8.69% Jul 31, 2023 - Dec 12, 2023
#3	-33.90% Sep 9, 2021 - Jul 3, 2024	-6.62% Feb 2, 2026 - Mar 30, 2026
#4	-21.29% Jan 24, 2013 - Aug 10, 2016	-6.49% Jul 16, 2024 - Aug 30, 2024
#5	-21.27% Jan 12, 2004 - Nov 18, 2004	-4.63% Feb 15, 2023 - Mar 31, 2023
#6	-20.31% Jun 4, 2002 - Feb 24, 2003	-4.42% Dec 1, 2022 - Jan 26, 2023
#7	-18.63% Feb 23, 2006 - Oct 24, 2006	-3.98% Mar 27, 2024 - May 15, 2024
#8	-14.62% Jan 2, 2018 - Jun 20, 2019	-3.75% Aug 30, 2024 - Sep 19, 2024
#9	-14.23% Aug 31, 2000 - Jan 16, 2001	-3.53% Dec 16, 2024 - Feb 13, 2025
#10	-12.85% Jun 8, 2001 - Nov 13, 2001	-3.29% Oct 27, 2025 - Nov 28, 2025
#11	-12.84% Apr 1, 2025 - Jan 22, 2026	-2.51% Oct 28, 2022 - Nov 10, 2022
#12	-12.57% Apr 26, 2010 - Jul 26, 2010	-2.33% Dec 11, 2025 - Dec 23, 2025
#13	-12.21% Mar 8, 2005 - Aug 15, 2005	-1.94% Oct 8, 2025 - Oct 21, 2025
#14	-11.67% Nov 5, 2010 - Aug 1, 2011	-1.94% May 1, 2023 - May 18, 2023
#15	-11.32% Jan 29, 2001 - Jun 8, 2001	-1.90% Oct 18, 2024 - Nov 6, 2024

Correlation

Correlation between MSD and SHDG is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (1999 - 2026)

MSD vs SHDG dividend yield comparison.

Year	MSD	SHDG
2026	1.93%	0.00%
2025	9.88%	0.50%
2024	11.88%	0.62%
2023	10.90%	1.24%
2022	7.34%	0.90%
2021	4.99%	0.00%
2020	4.67%	0.00%
2019	5.37%	0.00%
2018	6.56%	0.00%
2017	5.81%	0.00%
2016	6.87%	0.00%
2015	7.03%	0.00%
2014	6.27%	0.00%
2013	10.17%	0.00%
2012	5.27%	0.00%
2011	6.31%	0.00%
2010	10.02%	0.00%
2009	6.33%	0.00%
2008	12.20%	0.00%
2007	6.82%	0.00%
2006	7.11%	0.00%
2005	8.68%	0.00%
2004	10.57%	0.00%
2003	7.70%	0.00%
2002	8.74%	0.00%
2001	11.49%	0.00%
2000	12.65%	0.00%
1999	4.26%	0.00%