PIM vs MSD

Comparison between Putnam Master Intermediate Income Trust (PIM, ETF) and Morgan Stanley Emerging Markets Debt Fund Inc (MSD, ETF).

5-Year PerformanceMSD has outperformed PIM, delivering a return of +4.0% compared to +2.1%

PIM vs MSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PIM(ETF)	MSD(ETF)
Net Assets	$164M	$164M
Max Drawdown	57.86%	52.80%
Sharpe Ratio	0.01	-0.26
5Y Beta	0.17	0.37
5Y Dividends CAGR	-5.05%	15.82%

Net Assets

Winner

PIM

$164M

MSD

$164M

Max Drawdown

PIM

57.86%

Winner

MSD

52.80%

Sharpe Ratio

Winner

PIM

0.01

MSD

-0.26

5Y Beta

Winner

PIM

0.17

MSD

0.37

5Y Dividends CAGR

PIM

-5.05%

Winner

MSD

15.82%

PIM vs MSD - Historical Returns

Returns include dividend reinvestment.

Period	PIM	MSD
1 month	+0.15%	-2.29%
3 months	+2.17%	-1.66%
6 months	+2.00%	+2.81%
1 year	+2.90%	+0.14%
5 years(CAGR)	+2.07%	+3.96%
10 years(CAGR)	+4.40%	+5.09%
Max(CAGR)	+5.04%	+8.60%

Winner

PIM

+0.15%

MSD

-2.29%

Winner

PIM

+2.17%

MSD

-1.66%

PIM

+2.00%

Winner

MSD

+2.81%

Winner

PIM

+2.90%

MSD

+0.14%

5Y(CAGR)

PIM

+2.07%

Winner

MSD

+3.96%

10Y(CAGR)

PIM

+4.40%

Winner

MSD

+5.09%

Max(CAGR)

PIM

+5.04%

Winner

MSD

+8.60%

PIM vs MSD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PIM	MSD
2026	-0.97%	+0.54%
2025	+10.23%	+6.44%
2024	+10.15%	+24.34%
2023	+7.10%	+18.74%
2022	-11.58%	-21.74%
2021	+1.00%	+3.29%
2020	-3.73%	+1.05%
2019	+19.57%	+23.62%
2018	-5.87%	-12.82%
2017	+10.79%	+16.04%
2016	+10.02%	+14.03%
2015	-0.98%	+1.27%
2014	+1.51%	+0.55%
2013	+4.52%	-13.60%
2012	+6.90%	+21.07%
2011	-5.61%	+5.25%
2010	+4.74%	+13.98%
2009	+74.09%	+47.73%
2008	-30.23%	-19.39%
2007	+4.03%	-6.06%
2006	+12.30%	+11.32%
2005	-1.22%	+24.29%
2004	+6.37%	+10.62%
2003	+16.46%	+41.28%
2002	+11.36%	+10.80%
2001	+6.11%	+19.83%
2000	+5.38%	+6.89%
1999	-9.52%	-0.43%

PIM vs MSD Drawdown Comparison

The maximum drawdown for PIM was -43.29%, occurring on Dec 9, 2008. Recovery took 303 trading sessions.

The maximum drawdown for MSD was -45.49%, occurring on Nov 20, 2008. Recovery took 677 trading sessions.

The current PIM drawdown is -3.44%. The current MSD drawdown is -6.62%.

Rank	PIM	MSD
#1	-43.29% May 21, 2008 - Aug 4, 2009	-45.49% Dec 14, 2006 - Aug 25, 2009
#2	-28.13% Feb 7, 2020 - Sep 18, 2024	-37.50% Feb 20, 2020 - Jun 1, 2021
#3	-21.58% Jun 6, 2011 - Jun 23, 2014	-33.90% Sep 9, 2021 - Jul 3, 2024
#4	-14.81% Nov 2, 1999 - Jan 10, 2001	-21.29% Jan 24, 2013 - Aug 10, 2016
#5	-13.57% Mar 22, 2010 - Jun 28, 2010	-21.27% Jan 12, 2004 - Nov 18, 2004
#6	-13.02% Nov 9, 2010 - May 31, 2011	-20.31% Jun 4, 2002 - Feb 24, 2003
#7	-12.75% Jun 23, 2014 - Aug 15, 2016	-18.63% Feb 23, 2006 - Oct 24, 2006
#8	-10.86% Jun 7, 2001 - Jan 22, 2002	-14.62% Jan 2, 2018 - Jun 20, 2019
#9	-10.28% May 3, 2018 - Mar 29, 2019	-14.23% Aug 31, 2000 - Jan 16, 2001
#10	-9.45% Mar 30, 2004 - Aug 31, 2004	-12.85% Jun 8, 2001 - Nov 13, 2001
#11	-9.32% Jun 14, 2002 - Sep 5, 2002	-12.84% Apr 1, 2025 - Jan 22, 2026
#12	-7.31% Jul 6, 2005 - Aug 17, 2006	-12.57% Apr 26, 2010 - Jul 26, 2010
#13	-7.26% Jul 3, 2007 - Dec 26, 2007	-12.21% Mar 8, 2005 - Aug 15, 2005
#14	-7.07% Jan 3, 2008 - May 5, 2008	-11.67% Nov 5, 2010 - Aug 1, 2011
#15	-6.45% Sep 12, 2025 - Dec 17, 2025	-11.32% Jan 29, 2001 - Jun 8, 2001

Correlation

Correlation between PIM and MSD is 0.99 which considered as a very strong positive correlation - the stocks move almost identically together.

0.99

-101

Dividend Comparison (1999 - 2026)

PIM vs MSD dividend yield comparison.

Year	PIM	MSD
2026	3.46%	1.93%
2025	7.90%	9.88%
2024	8.10%	11.88%
2023	8.28%	10.90%
2022	8.25%	7.34%
2021	6.68%	4.99%
2020	8.32%	4.67%
2019	7.59%	5.37%
2018	6.82%	6.56%
2017	6.54%	5.81%
2016	6.77%	6.87%
2015	6.86%	7.03%
2014	6.49%	6.27%
2013	6.19%	10.17%
2012	6.52%	5.27%
2011	7.99%	6.31%
2010	10.64%	10.02%
2009	16.67%	6.33%
2008	12.22%	12.20%
2007	6.25%	6.82%
2006	5.42%	7.11%
2005	6.69%	8.68%
2004	6.81%	10.57%
2003	7.45%	7.70%
2002	8.79%	8.74%
2001	9.67%	11.49%
2000	4.28%	12.65%
1999	0.00%	4.26%