MSDL vs RCAT

Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and Red Cat Holdings Inc (RCAT, Company).

MSDL is from the Financial Services sector, while RCAT is from the Industrials sector.

MSDL vs RCAT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSDL(COMPANY)	RCAT(COMPANY)
Market Cap	$1.30B	$1.30B
Max Drawdown	42.73%	99.76%
Sharpe Ratio	-0.74	0.93
5Y Beta	0.55	2.52
Industry	Asset Management	Aerospace & Defense
P/E Ratio	15.06	-16.37
Forward P/E	8.24	N/A
Dividend Yield	12.60%	N/A
5Y EPS CAGR	N/A	5.81%
Debt to Equity	121.45%	0.29%
Free Cash Flow Yield	15.60%	-3.64%
P/S Ratio	3.40	40.44
P/B Ratio	0.77	9.24

Market Cap

Winner

MSDL

$1.30B

RCAT

$1.30B

Max Drawdown

Winner

MSDL

42.73%

RCAT

99.76%

Sharpe Ratio

MSDL

-0.74

Winner

RCAT

0.93

5Y Beta

Winner

MSDL

0.55

RCAT

2.52

Industry

MSDL

Asset Management

RCAT

Aerospace & Defense

P/E Ratio

MSDL

15.06

Winner

RCAT

-16.37

Forward P/E

MSDL

8.24

RCAT

N/A

Dividend Yield

MSDL

12.60%

RCAT

N/A

5Y EPS CAGR

MSDL

N/A

RCAT

5.81%

Debt to Equity

MSDL

121.45%

Winner

RCAT

0.29%

Free Cash Flow Yield

Winner

MSDL

15.60%

RCAT

-3.64%

P/S Ratio

Winner

MSDL

3.40

RCAT

40.44

P/B Ratio

Winner

MSDL

0.77

RCAT

9.24

MSDL vs RCAT - Historical Returns

Returns include dividend reinvestment.

Period	MSDL	RCAT
1 month	-2.88%	+21.57%
3 months	+5.74%	-15.92%
6 months	-8.14%	+58.10%
1 year	-12.21%	+73.22%
5 years(CAGR)	N/A	+39.72%
10 years(CAGR)	N/A	-14.16%
Max(CAGR)	-2.59%	-14.16%

MSDL

-2.88%

Winner

RCAT

+21.57%

Winner

MSDL

+5.74%

RCAT

-15.92%

MSDL

-8.14%

Winner

RCAT

+58.10%

MSDL

-12.21%

Winner

RCAT

+73.22%

5Y(CAGR)

MSDL

N/A

RCAT

+39.72%

10Y(CAGR)

MSDL

N/A

RCAT

-14.16%

Max(CAGR)

Winner

MSDL

-2.59%

RCAT

-14.16%

MSDL vs RCAT - Annual Returns (2017 - 2026)

Returns include dividend reinvestment.

Year	MSDL	RCAT
2026	-4.99%	+38.43%
2025	-11.88%	-33.53%
2024	+11.06%	+1411.76%
2023	N/A	-4.60%
2022	N/A	-57.08%
2021	N/A	-23.11%
2020	N/A	+130.77%
2019	N/A	-38.89%
2018	N/A	-95.00%
2017	N/A	-28.57%

MSDL vs RCAT 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 RCAT was -99.76%, occurring on Mar 18, 2020. This drawdown has not yet recovered.

The current MSDL drawdown is -21.37%. The current RCAT drawdown is -92.40%.

Rank	MSDL	RCAT
#1	-29.56% Jun 21, 2024 - Mar 27, 2026	-99.76% Jan 5, 2018 - Mar 18, 2020
#2	-6.13% May 9, 2024 - Jun 21, 2024	-69.92% Sep 22, 2017 - Dec 15, 2017
#3	-6.08% Mar 27, 2024 - May 6, 2024	-67.50% Dec 15, 2017 - Jan 4, 2018
#4	-4.94% Jan 25, 2024 - Mar 14, 2024	N/A
#5	-4.15% Mar 20, 2024 - Mar 22, 2024	N/A
#6	-2.76% Mar 22, 2024 - Mar 26, 2024	N/A
#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 RCAT is -0.43 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.43

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