MSDL vs CNMD

Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and Conmed Corp (CNMD, Company).

MSDL is from the Financial Services sector, while CNMD is from the Healthcare sector.

MSDL vs CNMD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSDL(COMPANY)	CNMD(COMPANY)
Market Cap	$1.33B	$1.33B
Max Drawdown	42.73%	79.55%
Sharpe Ratio	-0.69	-0.15
5Y Beta	0.54	0.87
Industry	Asset Management	Medical Devices
P/E Ratio	15.43	28.19
Forward P/E	8.22	27.17
PEG Ratio	N/A	1.84
Dividend Yield	12.60%	0.92%
5Y Dividends CAGR	N/A	4.56%
5Y EPS CAGR	N/A	14.99%
Debt to Equity	121.45%	0.00%
Free Cash Flow Yield	15.23%	11.35%
P/S Ratio	3.44	0.99
P/B Ratio	0.78	1.27

Market Cap

Winner

MSDL

$1.33B

CNMD

$1.33B

Max Drawdown

Winner

MSDL

42.73%

CNMD

79.55%

Sharpe Ratio

MSDL

-0.69

Winner

CNMD

-0.15

5Y Beta

Winner

MSDL

0.54

CNMD

0.87

Industry

MSDL

Asset Management

CNMD

Medical Devices

P/E Ratio

Winner

MSDL

15.43

CNMD

28.19

Forward P/E

Winner

MSDL

8.22

CNMD

27.17

PEG Ratio

MSDL

N/A

CNMD

1.84

Dividend Yield

Winner

MSDL

12.60%

CNMD

0.92%

5Y Dividends CAGR

MSDL

N/A

CNMD

4.56%

5Y EPS CAGR

MSDL

N/A

CNMD

14.99%

Debt to Equity

MSDL

121.45%

Winner

CNMD

0.00%

Free Cash Flow Yield

Winner

MSDL

15.23%

CNMD

11.35%

P/S Ratio

MSDL

3.44

Winner

CNMD

0.99

P/B Ratio

Winner

MSDL

0.78

CNMD

1.27

MSDL vs CNMD - Historical Returns

Returns include dividend reinvestment.

Period	MSDL	CNMD
1 month	+5.73%	+28.69%
3 months	+4.06%	+9.19%
6 months	-1.17%	+0.76%
1 year	-11.50%	-12.13%
5 years(CAGR)	N/A	-20.16%
10 years(CAGR)	N/A	-0.49%
Max(CAGR)	-0.76%	+4.42%

MSDL

+5.73%

Winner

CNMD

+28.69%

MSDL

+4.06%

Winner

CNMD

+9.19%

MSDL

-1.17%

Winner

CNMD

+0.76%

Winner

MSDL

-11.50%

CNMD

-12.13%

5Y(CAGR)

MSDL

N/A

CNMD

-20.16%

10Y(CAGR)

MSDL

N/A

CNMD

-0.49%

Max(CAGR)

MSDL

-0.76%

Winner

CNMD

+4.42%

MSDL vs CNMD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSDL	CNMD
2026	-0.81%	+3.34%
2025	-11.88%	-39.05%
2024	+11.06%	-37.17%
2023	N/A	+22.90%
2022	N/A	-38.74%
2021	N/A	+28.10%
2020	N/A	+1.69%
2019	N/A	+77.91%
2018	N/A	+28.29%
2017	N/A	+17.26%
2016	N/A	+5.99%
2015	N/A	-0.51%
2014	N/A	+6.98%
2013	N/A	+54.41%
2012	N/A	+9.85%
2011	N/A	-3.46%
2010	N/A	+14.17%
2009	N/A	-4.96%
2008	N/A	+3.59%
2007	N/A	-0.13%
2006	N/A	-0.52%
2005	N/A	-15.50%
2004	N/A	+19.81%
2003	N/A	+19.30%
2002	N/A	-3.40%
2001	N/A	+77.37%
2000	N/A	-32.51%
1999	N/A	+8.97%

MSDL vs CNMD 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 CNMD was -78.74%, occurring on Jun 17, 2026. This drawdown has not yet recovered.

The current MSDL drawdown is -17.91%. The current CNMD drawdown is -72.28%.

Rank	MSDL	CNMD
#1	-29.56% Jun 21, 2024 - Mar 27, 2026	-78.74% Nov 9, 2021 - Jun 17, 2026
#2	-6.13% May 9, 2024 - Jun 21, 2024	-65.69% Nov 25, 2019 - Jan 6, 2021
#3	-6.08% Mar 27, 2024 - May 6, 2024	-64.60% Sep 19, 2008 - Mar 14, 2013
#4	-4.94% Jan 25, 2024 - Mar 14, 2024	-60.55% Feb 11, 2000 - Jul 25, 2001
#5	-4.15% Mar 20, 2024 - Mar 22, 2024	-48.33% Apr 30, 2002 - Feb 9, 2004
#6	-2.76% Mar 22, 2024 - Mar 26, 2024	-44.48% May 18, 2005 - Sep 19, 2008
#7	-2.37% May 6, 2024 - May 8, 2024	-39.40% Jul 20, 2015 - Jan 25, 2018
#8	-1.63% Mar 15, 2024 - Mar 20, 2024	-32.89% Apr 5, 2004 - Apr 6, 2005
#9	N/A	-29.29% Sep 11, 2018 - Mar 21, 2019
#10	N/A	-26.09% May 13, 2014 - Feb 13, 2015
#11	N/A	-25.85% Aug 14, 2001 - Mar 1, 2002
#12	N/A	-15.19% May 3, 2021 - Oct 20, 2021
#13	N/A	-14.35% Nov 18, 1999 - Dec 28, 1999
#14	N/A	-12.62% Feb 19, 2014 - May 12, 2014
#15	N/A	-10.88% Mar 27, 2013 - Oct 1, 2013

Correlation

Correlation between MSDL and CNMD is 0.56 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.56

-101

Dividend Comparison (2012 - 2026)

MSDL vs CNMD dividend yield comparison.

Year	MSDL	CNMD
2026	5.86%	0.00%
2025	12.14%	1.48%
2024	10.65%	1.17%
2023	0.00%	0.73%
2022	0.00%	0.90%
2021	0.00%	0.56%
2020	0.00%	0.71%
2019	0.00%	0.72%
2018	0.00%	1.25%
2017	0.00%	1.57%
2016	0.00%	1.81%
2015	0.00%	1.82%
2014	0.00%	1.78%
2013	0.00%	1.53%
2012	0.00%	2.15%