MSDL vs MHNC
Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and Maiden Holdings North American Ltd 775 Nts 12012043 (MHNC, Company).
MSDL vs MHNC - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap
MSDL
$1.30B
Winner
MHNC
$1.31B
Max Drawdown
Winner
MSDL
42.73%
MHNC
58.28%
Sharpe Ratio
Winner
MSDL
-0.74
MHNC
-0.88
5Y Beta
MSDL
0.55
Winner
MHNC
0.14
Industry
MSDL
Asset Management
MHNC
N/A
P/E Ratio
MSDL
15.06
Winner
MHNC
-6.18
Forward P/E
MSDL
8.24
MHNC
N/A
PEG Ratio
MSDL
N/A
MHNC
-0.01
Dividend Yield
Winner
MSDL
12.60%
MHNC
10.60%
5Y Dividends CAGR
MSDL
N/A
MHNC
4.56%
5Y EPS CAGR
MSDL
N/A
MHNC
18.84%
Debt to Equity
Winner
MSDL
121.45%
MHNC
678.14%
Free Cash Flow Yield
Winner
MSDL
15.60%
MHNC
-7.37%
P/S Ratio
MSDL
3.40
MHNC
N/A
P/B Ratio
MSDL
0.77
MHNC
N/A
MSDL vs MHNC - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MSDL
-2.88%
MHNC
-3.05%
3M
Winner
MSDL
+5.74%
MHNC
-13.70%
6M
Winner
MSDL
-8.14%
MHNC
-17.31%
1Y
Winner
MSDL
-12.21%
MHNC
-18.54%
5Y(CAGR)
MSDL
N/A
MHNC
-2.49%
10Y(CAGR)
MSDL
N/A
MHNC
+1.49%
Max(CAGR)
MSDL
-2.59%
Winner
MHNC
+3.61%
MSDL vs MHNC - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | MSDL | MHNC |
|---|---|---|
| 2026 | -4.99% | -16.05% |
| 2025 | -11.88% | -0.47% |
| 2024 | +11.06% | +5.68% |
| 2023 | N/A | +13.11% |
| 2022 | N/A | -10.47% |
| 2021 | N/A | +13.55% |
| 2020 | N/A | +6.69% |
| 2019 | N/A | +4.60% |
| 2018 | N/A | +1.98% |
| 2017 | N/A | -1.35% |
| 2016 | N/A | +6.93% |
| 2015 | N/A | +8.97% |
| 2014 | N/A | +34.94% |
| 2013 | N/A | -15.14% |
MSDL vs MHNC 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 MHNC was -32.49%, occurring on Mar 7, 2019. Recovery took 597 trading sessions.
The current MSDL drawdown is -21.37%. The current MHNC drawdown is -24.30%.
| Rank | MSDL | MHNC |
|---|---|---|
| #1 | -29.56% Jun 21, 2024 - Mar 27, 2026 | -32.49% Aug 7, 2017 - Dec 19, 2019 |
| #2 | -6.13% May 9, 2024 - Jun 21, 2024 | -31.67% Sep 12, 2025 - Mar 20, 2026 |
| #3 | -6.08% Mar 27, 2024 - May 6, 2024 | -29.19% Feb 4, 2020 - May 29, 2020 |
| #4 | -4.94% Jan 25, 2024 - Mar 14, 2024 | -28.20% Sep 30, 2021 - Dec 13, 2023 |
| #5 | -4.15% Mar 20, 2024 - Mar 22, 2024 | -19.57% Nov 4, 2024 - Aug 13, 2025 |
| #6 | -2.76% Mar 22, 2024 - Mar 26, 2024 | -15.91% Nov 27, 2013 - Feb 14, 2014 |
| #7 | -2.37% May 6, 2024 - May 8, 2024 | -9.62% Dec 13, 2023 - Oct 18, 2024 |
| #8 | -1.63% Mar 15, 2024 - Mar 20, 2024 | -8.40% Jun 3, 2020 - Aug 11, 2020 |
| #9 | N/A | -7.70% Dec 10, 2015 - Feb 25, 2016 |
| #10 | N/A | -6.67% Aug 11, 2020 - Nov 23, 2020 |
| #11 | N/A | -5.82% Mar 16, 2017 - Jun 27, 2017 |
| #12 | N/A | -4.48% Sep 7, 2016 - Dec 27, 2016 |
| #13 | N/A | -3.86% Oct 18, 2024 - Oct 28, 2024 |
| #14 | N/A | -3.86% Feb 23, 2021 - Mar 16, 2021 |
| #15 | N/A | -3.61% Dec 21, 2020 - Jan 13, 2021 |
Correlation
Correlation between MSDL and MHNC is 0.28 which considered as a very weak or no correlation - the stocks move independently of each other.
0.28
-101
Dividend Comparison (2014 - 2026)
MSDL vs MHNC dividend yield comparison.
| Year | MSDL | MHNC |
|---|---|---|
| 2026 | 2.97% | 7.82% |
| 2025 | 12.14% | 12.26% |
| 2024 | 10.65% | 10.83% |
| 2023 | 0.00% | 10.18% |
| 2022 | 0.00% | 10.35% |
| 2021 | 0.00% | 8.43% |
| 2020 | 0.00% | 8.97% |
| 2019 | 0.00% | 8.59% |
| 2018 | 0.00% | 6.15% |
| 2017 | 0.00% | 7.93% |
| 2016 | 0.00% | 7.18% |
| 2015 | 0.00% | 7.19% |
| 2014 | 0.00% | 7.42% |
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