MSDL vs BASE

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

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

MSDL vs BASE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Market Cap

MSDL

$1.33B

Winner

BASE

$1.34B

Max Drawdown

Winner

MSDL

42.73%

BASE

79.57%

Sharpe Ratio

MSDL

-0.69

Winner

BASE

1.25

5Y Beta

MSDL

0.54

BASE

N/A

Industry

MSDL

Asset Management

BASE

Software - Infrastructure

P/E Ratio

MSDL

15.43

Winner

BASE

-17.28

Forward P/E

MSDL

8.22

BASE

N/A

Dividend Yield

MSDL

12.60%

BASE

N/A

Debt to Equity

MSDL

121.45%

Winner

BASE

0.00%

Free Cash Flow Yield

Winner

MSDL

15.23%

BASE

-2.20%

P/S Ratio

Winner

MSDL

3.44

BASE

6.08

P/B Ratio

Winner

MSDL

0.78

BASE

10.81

MSDL vs BASE - Historical Returns

Returns include dividend reinvestment.

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

Winner

MSDL

+5.73%

BASE

+0.70%

Winner

MSDL

+4.06%

BASE

+0.41%

MSDL

-1.17%

Winner

BASE

+69.03%

MSDL

-11.50%

Winner

BASE

+67.99%

5Y(CAGR)

MSDL

N/A

BASE

-5.03%

Max(CAGR)

Winner

MSDL

-0.76%

BASE

-5.03%

MSDL vs BASE - Annual Returns (2021 - 2026)

Returns include dividend reinvestment.

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

MSDL vs BASE Drawdown Comparison

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

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

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

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

Correlation

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

-0.51

-101