MSDL vs UAN

Comparison between Morgan Stanley Direct Lending Fund (MSDL, Company) and CVR Partners LP (UAN, Company).

MSDL is from the Financial Services sector, while UAN is from the Basic Materials sector.

MSDL vs UAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	MSDL(COMPANY)	UAN(COMPANY)
Market Cap	$1.30B	$1.30B
Max Drawdown	42.73%	98.06%
Sharpe Ratio	-0.69	1.26
5Y Beta	0.54	0.20
Industry	Asset Management	Agricultural Inputs
P/E Ratio	15.07	10.69
Forward P/E	8.16	10.20
PEG Ratio	N/A	0.17
Dividend Yield	12.70%	10.20%
Debt to Equity	121.45%	N/A
Free Cash Flow Yield	15.59%	13.09%

Market Cap

Winner

MSDL

$1.30B

UAN

$1.30B

Max Drawdown

Winner

MSDL

42.73%

UAN

98.06%

Sharpe Ratio

MSDL

-0.69

Winner

UAN

1.26

5Y Beta

MSDL

0.54

Winner

UAN

0.20

Industry

MSDL

Asset Management

UAN

Agricultural Inputs

P/E Ratio

MSDL

15.07

Winner

UAN

10.69

Forward P/E

Winner

MSDL

8.16

UAN

10.20

PEG Ratio

MSDL

N/A

UAN

0.17

Dividend Yield

Winner

MSDL

12.70%

UAN

10.20%

Debt to Equity

MSDL

121.45%

UAN

N/A

Free Cash Flow Yield

Winner

MSDL

15.59%

UAN

13.09%

MSDL vs UAN - Historical Returns

Returns include dividend reinvestment.

Period	MSDL	UAN
1 month	+2.03%	+12.61%
3 months	+3.53%	-1.99%
6 months	-1.85%	+8.23%
1 year	-13.26%	+57.10%
5 years(CAGR)	N/A	+35.13%
10 years(CAGR)	N/A	+14.40%
Max(CAGR)	-1.51%	+6.80%

MSDL

+2.03%

Winner

UAN

+12.61%

Winner

MSDL

+3.53%

UAN

-1.99%

MSDL

-1.85%

Winner

UAN

+8.23%

MSDL

-13.26%

Winner

UAN

+57.10%

5Y(CAGR)

MSDL

N/A

UAN

+35.13%

10Y(CAGR)

MSDL

N/A

UAN

+14.40%

Max(CAGR)

MSDL

-1.51%

Winner

UAN

+6.80%

MSDL vs UAN - Annual Returns (2011 - 2026)

Returns include dividend reinvestment.

Year	MSDL	UAN
2026	-2.68%	+26.20%
2025	-11.88%	+52.09%
2024	+11.06%	+22.81%
2023	N/A	-15.26%
2022	N/A	+39.05%
2021	N/A	+480.46%
2020	N/A	-47.65%
2019	N/A	+2.49%
2018	N/A	-3.95%
2017	N/A	-47.95%
2016	N/A	-17.10%
2015	N/A	-9.79%
2014	N/A	-37.93%
2013	N/A	-31.53%
2012	N/A	+3.32%
2011	N/A	+47.24%

MSDL vs UAN 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 UAN was -96.77%, occurring on Mar 18, 2020. Recovery took 2324 trading sessions.

The current MSDL drawdown is -19.46%. The current UAN drawdown is -8.17%.

Rank	MSDL	UAN
#1	-29.56% Jun 21, 2024 - Mar 27, 2026	-96.77% Jan 24, 2013 - Apr 18, 2022
#2	-6.13% May 9, 2024 - Jun 21, 2024	-49.19% Apr 19, 2022 - Nov 3, 2025
#3	-6.08% Mar 27, 2024 - May 6, 2024	-33.68% Feb 6, 2012 - Jan 22, 2013
#4	-4.94% Jan 25, 2024 - Mar 14, 2024	-25.08% Sep 14, 2011 - Jan 3, 2012
#5	-4.15% Mar 20, 2024 - Mar 22, 2024	-19.92% Mar 12, 2026 - Jun 24, 2026
#6	-2.76% Mar 22, 2024 - Mar 26, 2024	-18.77% Jan 15, 2026 - Mar 5, 2026
#7	-2.37% May 6, 2024 - May 8, 2024	-18.57% Jul 20, 2011 - Sep 13, 2011
#8	-1.63% Mar 15, 2024 - Mar 20, 2024	-11.63% May 10, 2011 - Jun 10, 2011
#9	N/A	-10.21% Jan 10, 2012 - Jan 31, 2012
#10	N/A	-9.32% Apr 25, 2011 - May 9, 2011
#11	N/A	-9.28% Mar 6, 2026 - Mar 11, 2026
#12	N/A	-6.56% Jun 15, 2011 - Jun 22, 2011
#13	N/A	-5.66% Nov 14, 2025 - Dec 31, 2025
#14	N/A	-4.17% Jul 8, 2011 - Jul 15, 2011
#15	N/A	-3.67% Jun 29, 2011 - Jul 6, 2011

Correlation

Correlation between MSDL and UAN is -0.65 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.

-0.65

-101

Dividend Comparison (2011 - 2026)

MSDL vs UAN dividend yield comparison.

Year	MSDL	UAN
2026	5.97%	3.53%
2025	12.14%	11.63%
2024	10.65%	8.81%
2023	0.00%	40.64%
2022	0.00%	19.21%
2021	0.00%	5.62%
2019	0.00%	12.90%
2017	0.00%	0.61%
2016	0.00%	11.81%
2015	0.00%	15.61%
2014	0.00%	14.48%
2013	0.00%	10.60%
2012	0.00%	8.74%
2011	0.00%	3.94%