MSDL vs PRA

Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and ProAssurance Corporation (PRA, Company).

Both MSDL and PRA are from the Financial Services sector.

MSDL vs PRA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSDL(COMPANY)	PRA(COMPANY)
Market Cap	$1.29B	$1.29B
Max Drawdown	42.73%	82.71%
Sharpe Ratio	-0.20	0.87
5Y Beta	0.56	N/A
Industry	Asset Management	Insurance - Property & Casualty
P/E Ratio	22.06	49.44
Forward P/E	8.08	16.86
Dividend Yield	12.80%	N/A
5Y Dividends CAGR	N/A	-49.75%
5Y EPS CAGR	N/A	-23.40%
Debt to Equity	120.27%	31.32%
Free Cash Flow Yield	21.94%	-2.74%

Market Cap

Winner

MSDL

$1.29B

PRA

$1.29B

Max Drawdown

Winner

MSDL

42.73%

PRA

82.71%

Sharpe Ratio

MSDL

-0.20

Winner

PRA

0.87

5Y Beta

MSDL

0.56

PRA

N/A

Industry

MSDL

Asset Management

PRA

Insurance - Property & Casualty

P/E Ratio

Winner

MSDL

22.06

PRA

49.44

Forward P/E

Winner

MSDL

8.08

PRA

16.86

Dividend Yield

MSDL

12.80%

PRA

N/A

5Y Dividends CAGR

MSDL

N/A

PRA

-49.75%

5Y EPS CAGR

MSDL

N/A

PRA

-23.40%

Debt to Equity

MSDL

120.27%

Winner

PRA

31.32%

Free Cash Flow Yield

Winner

MSDL

21.94%

PRA

-2.74%

MSDL vs PRA - Historical Returns

Returns include dividend reinvestment.

Period	MSDL	PRA
1 month	+0.78%	+4.25%
3 months	+6.04%	+1.63%
6 months	+4.81%	+4.08%
1 year	-0.94%	+8.84%
5 years(CAGR)	N/A	+2.47%
10 years(CAGR)	N/A	-4.27%
Max(CAGR)	-0.21%	+5.20%

MSDL

+0.78%

Winner

PRA

+4.25%

Winner

MSDL

+6.04%

PRA

+1.63%

Winner

MSDL

+4.81%

PRA

+4.08%

MSDL

-0.94%

Winner

PRA

+8.84%

5Y(CAGR)

MSDL

N/A

PRA

+2.47%

10Y(CAGR)

MSDL

N/A

PRA

-4.27%

Max(CAGR)

MSDL

-0.21%

Winner

PRA

+5.20%

MSDL vs PRA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	MSDL	PRA
2026	+0.55%	+4.08%
2025	-11.88%	+53.79%
2024	+11.06%	+15.29%
2023	N/A	-21.38%
2022	N/A	-29.67%
2021	N/A	+40.48%
2020	N/A	-49.97%
2019	N/A	-5.85%
2018	N/A	-24.21%
2017	N/A	+12.84%
2016	N/A	+30.15%
2015	N/A	+12.83%
2014	N/A	+3.46%
2013	N/A	+13.66%
2012	N/A	+10.78%
2011	N/A	+30.98%
2010	N/A	+11.62%
2009	N/A	+4.62%
2008	N/A	-2.24%
2007	N/A	+9.34%
2006	N/A	+1.98%
2005	N/A	+24.65%
2004	N/A	+21.76%
2003	N/A	+53.31%
2002	N/A	+23.67%
2001	N/A	+9.87%
2000	N/A	-16.80%
1999	N/A	-7.52%

MSDL vs PRA 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 PRA was -78.82%, occurring on Jul 9, 2024. This drawdown has not yet recovered.

The current MSDL drawdown is -16.79%. The current PRA drawdown is -51.39%.

Rank	MSDL	PRA
#1	-29.56% Jun 21, 2024 - Mar 27, 2026	-78.82% Dec 18, 2017 - Jul 9, 2024
#2	-6.13% May 9, 2024 - Jun 21, 2024	-56.88% Nov 8, 1999 - Mar 21, 2003
#3	-6.08% Mar 27, 2024 - May 6, 2024	-37.30% Sep 19, 2008 - Apr 28, 2011
#4	-4.94% Jan 25, 2024 - Mar 14, 2024	-22.34% Jul 22, 2013 - Aug 14, 2015
#5	-4.15% Mar 20, 2024 - Mar 22, 2024	-22.23% Feb 1, 2008 - Sep 18, 2008
#6	-2.76% Mar 22, 2024 - Mar 26, 2024	-19.67% Jun 27, 2003 - Oct 29, 2003
#7	-2.37% May 6, 2024 - May 8, 2024	-19.29% May 11, 2004 - Nov 9, 2004
#8	-1.63% Mar 15, 2024 - Mar 20, 2024	-17.43% Apr 27, 2017 - Nov 30, 2017
#9	N/A	-15.03% Jun 4, 2007 - Jan 23, 2008
#10	N/A	-13.41% Mar 29, 2006 - Apr 13, 2007
#11	N/A	-12.65% Mar 4, 2005 - Jul 5, 2005
#12	N/A	-12.09% Jan 20, 2004 - Mar 1, 2004
#13	N/A	-11.13% Oct 29, 2015 - May 27, 2016
#14	N/A	-8.80% Dec 17, 2004 - Mar 1, 2005
#15	N/A	-8.70% Jul 21, 2011 - Aug 30, 2011

Correlation

Correlation between MSDL and PRA is -0.52 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.52

-101

Dividend Comparison (2011 - 2026)

MSDL vs PRA dividend yield comparison.

Year	MSDL	PRA
2026	5.78%	0.00%
2025	12.14%	0.00%
2024	10.65%	0.00%
2023	0.00%	0.36%
2022	0.00%	1.14%
2021	0.00%	0.79%
2020	0.00%	2.59%
2019	0.00%	3.43%
2018	0.00%	4.29%
2017	0.00%	10.38%
2016	0.00%	10.55%
2015	0.00%	4.62%
2014	0.00%	8.55%
2013	0.00%	2.17%
2012	0.00%	4.15%
2011	0.00%	0.63%