MSD vs TAXE

Comparison between Morgan Stanley Emerging Markets Debt Fund Inc (MSD, ETF) and T. ROWE PRICE INTERMEDIATE MUNICIPAL INCOME ETF (TAXE, ETF).

MSD vs TAXE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSD(ETF)	TAXE(ETF)
Net Assets	$164M	$163M
Expense Ratio	N/A	0.24%
Max Drawdown	52.80%	4.70%
Sharpe Ratio	-0.26	1.44
5Y Beta	0.37	0.01
5Y Dividends CAGR	15.82%	N/A

Net Assets

Winner

MSD

$164M

TAXE

$163M

Expense Ratio

MSD

N/A

TAXE

0.24%

Max Drawdown

MSD

52.80%

Winner

TAXE

4.70%

Sharpe Ratio

MSD

-0.26

Winner

TAXE

1.44

5Y Beta

MSD

0.37

Winner

TAXE

0.01

5Y Dividends CAGR

MSD

15.82%

TAXE

N/A

MSD vs TAXE - Historical Returns

Returns include dividend reinvestment.

Period	MSD	TAXE
1 month	-2.29%	+0.52%
3 months	-1.66%	+0.83%
6 months	+2.81%	+2.05%
1 year	+0.14%	+6.92%
5 years(CAGR)	+3.96%	N/A
10 years(CAGR)	+5.09%	N/A
Max(CAGR)	+8.60%	+4.74%

MSD

-2.29%

Winner

TAXE

+0.52%

MSD

-1.66%

Winner

TAXE

+0.83%

Winner

MSD

+2.81%

TAXE

+2.05%

MSD

+0.14%

Winner

TAXE

+6.92%

5Y(CAGR)

MSD

+3.96%

TAXE

N/A

10Y(CAGR)

MSD

+5.09%

TAXE

N/A

Max(CAGR)

Winner

MSD

+8.60%

TAXE

+4.74%

MSD vs TAXE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSD	TAXE
2026	+0.54%	+1.62%
2025	+6.44%	+5.68%
2024	+24.34%	+1.55%
2023	+18.74%	N/A
2022	-21.74%	N/A
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 TAXE Drawdown Comparison

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

The maximum drawdown for TAXE was -3.72%, occurring on Apr 11, 2025. Recovery took 114 trading sessions.

The current MSD drawdown is -6.62%. The current TAXE drawdown is -0.60%.

Rank	MSD	TAXE
#1	-45.49% Dec 14, 2006 - Aug 25, 2009	-3.72% Feb 28, 2025 - Aug 13, 2025
#2	-37.50% Feb 20, 2020 - Jun 1, 2021	-2.53% Feb 27, 2026 - Mar 27, 2026
#3	-33.90% Sep 9, 2021 - Jul 3, 2024	-1.94% Dec 6, 2024 - Feb 25, 2025
#4	-21.29% Jan 24, 2013 - Aug 10, 2016	-1.88% Oct 1, 2024 - Dec 2, 2024
#5	-21.27% Jan 12, 2004 - Nov 18, 2004	-0.64% Aug 2, 2024 - Aug 23, 2024
#6	-20.31% Jun 4, 2002 - Feb 24, 2003	-0.50% Sep 17, 2025 - Oct 10, 2025
#7	-18.63% Feb 23, 2006 - Oct 24, 2006	-0.32% Aug 23, 2024 - Sep 4, 2024
#8	-14.62% Jan 2, 2018 - Jun 20, 2019	-0.29% Jan 15, 2026 - Jan 28, 2026
#9	-14.23% Aug 31, 2000 - Jan 16, 2001	-0.25% Nov 11, 2025 - Nov 26, 2025
#10	-12.85% Jun 8, 2001 - Nov 13, 2001	-0.24% Aug 27, 2025 - Sep 4, 2025
#11	-12.84% Apr 1, 2025 - Jan 22, 2026	-0.21% Nov 26, 2025 - Dec 19, 2025
#12	-12.57% Apr 26, 2010 - Jul 26, 2010	-0.21% Oct 27, 2025 - Nov 10, 2025
#13	-12.21% Mar 8, 2005 - Aug 15, 2005	-0.20% Feb 26, 2025 - Feb 28, 2025
#14	-11.67% Nov 5, 2010 - Aug 1, 2011	-0.17% Jul 18, 2024 - Jul 25, 2024
#15	-11.32% Jan 29, 2001 - Jun 8, 2001	-0.12% Sep 17, 2024 - Sep 27, 2024

Correlation

Correlation between MSD and TAXE is 0.67 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.67

-101

Dividend Comparison (1999 - 2026)

MSD vs TAXE dividend yield comparison.

Year	MSD	TAXE
2026	1.93%	1.52%
2025	9.88%	3.46%
2024	11.88%	1.74%
2023	10.90%	0.00%
2022	7.34%	0.00%
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%