MSDL vs NVAX

Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and Novavax Inc (NVAX, Company).

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

MSDL vs NVAX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSDL(COMPANY)	NVAX(COMPANY)
Market Cap	$1.30B	$1.30B
Max Drawdown	42.73%	98.82%
Sharpe Ratio	-0.80	0.40
5Y Beta	0.54	1.45
Industry	Asset Management	Biotechnology
P/E Ratio	15.07	-14.68
Forward P/E	8.17	2.58
PEG Ratio	N/A	1.32
Dividend Yield	12.70%	N/A
5Y EPS CAGR	N/A	-42.97%
Debt to Equity	121.45%	-201.05%
Free Cash Flow Yield	15.59%	-7.04%
P/S Ratio	3.36	2.18
P/B Ratio	0.77	41.23

Market Cap

Winner

MSDL

$1.30B

NVAX

$1.30B

Max Drawdown

Winner

MSDL

42.73%

NVAX

98.82%

Sharpe Ratio

MSDL

-0.80

Winner

NVAX

0.40

5Y Beta

Winner

MSDL

0.54

NVAX

1.45

Industry

MSDL

Asset Management

NVAX

Biotechnology

P/E Ratio

MSDL

15.07

Winner

NVAX

-14.68

Forward P/E

MSDL

8.17

Winner

NVAX

2.58

PEG Ratio

MSDL

N/A

NVAX

1.32

Dividend Yield

MSDL

12.70%

NVAX

N/A

5Y EPS CAGR

MSDL

N/A

NVAX

-42.97%

Debt to Equity

MSDL

121.45%

Winner

NVAX

-201.05%

Free Cash Flow Yield

Winner

MSDL

15.59%

NVAX

-7.04%

P/S Ratio

MSDL

3.36

Winner

NVAX

2.18

P/B Ratio

Winner

MSDL

0.77

NVAX

41.23

MSDL vs NVAX - Historical Returns

Returns include dividend reinvestment.

Period	MSDL	NVAX
1 month	+2.03%	-13.06%
3 months	+3.53%	-3.99%
6 months	-1.85%	-14.67%
1 year	-13.26%	-0.19%
5 years(CAGR)	N/A	-47.87%
10 years(CAGR)	N/A	-25.42%
Max(CAGR)	-1.51%	-9.09%

Winner

MSDL

+2.03%

NVAX

-13.06%

Winner

MSDL

+3.53%

NVAX

-3.99%

Winner

MSDL

-1.85%

NVAX

-14.67%

MSDL

-13.26%

Winner

NVAX

-0.19%

5Y(CAGR)

MSDL

N/A

NVAX

-47.87%

10Y(CAGR)

MSDL

N/A

NVAX

-25.42%

Max(CAGR)

Winner

MSDL

-1.51%

NVAX

-9.09%

MSDL vs NVAX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSDL	NVAX
2026	-2.68%	+9.75%
2025	-11.88%	-21.59%
2024	+11.06%	+59.84%
2023	N/A	-50.97%
2022	N/A	-92.81%
2021	N/A	+26.63%
2020	N/A	+2383.52%
2019	N/A	-89.90%
2018	N/A	+41.54%
2017	N/A	-2.36%
2016	N/A	-84.01%
2015	N/A	+45.66%
2014	N/A	+13.82%
2013	N/A	+159.90%
2012	N/A	+36.96%
2011	N/A	-50.97%
2010	N/A	-13.52%
2009	N/A	+31.68%
2008	N/A	-42.02%
2007	N/A	-13.95%
2006	N/A	+5.67%
2005	N/A	+18.83%
2004	N/A	-45.76%
2003	N/A	+114.29%
2002	N/A	-80.91%
2001	N/A	+67.66%
2000	N/A	+47.83%
1999	N/A	+12.40%

MSDL vs NVAX 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 NVAX was -98.82%, occurring on Feb 5, 2024. This drawdown has not yet recovered.

The current MSDL drawdown is -19.46%. The current NVAX drawdown is -97.55%.

Rank	MSDL	NVAX
#1	-29.56% Jun 21, 2024 - Mar 27, 2026	-98.82% Feb 8, 2021 - Feb 5, 2024
#2	-6.13% May 9, 2024 - Jun 21, 2024	-98.77% Oct 9, 2001 - Feb 8, 2021
#3	-6.08% Mar 27, 2024 - May 6, 2024	-58.91% Mar 8, 2000 - Aug 3, 2001
#4	-4.94% Jan 25, 2024 - Mar 14, 2024	-28.27% Sep 10, 2001 - Oct 3, 2001
#5	-4.15% Mar 20, 2024 - Mar 22, 2024	-18.43% Nov 5, 1999 - Dec 16, 1999
#6	-2.76% Mar 22, 2024 - Mar 26, 2024	-12.63% Dec 17, 1999 - Jan 20, 2000
#7	-2.37% May 6, 2024 - May 8, 2024	-10.34% Jan 21, 2000 - Feb 8, 2000
#8	-1.63% Mar 15, 2024 - Mar 20, 2024	-8.57% Aug 22, 2001 - Sep 10, 2001
#9	N/A	-8.06% Feb 11, 2000 - Mar 1, 2000
#10	N/A	-6.68% Mar 6, 2000 - Mar 8, 2000
#11	N/A	-5.02% Oct 3, 2001 - Oct 9, 2001
#12	N/A	-3.72% Aug 6, 2001 - Aug 9, 2001
#13	N/A	-2.91% Aug 13, 2001 - Aug 22, 2001
#14	N/A	-1.86% Mar 2, 2000 - Mar 6, 2000