SHDG vs MSD

Comparison between SOUNDWATCH HEDGED EQUITY ETF (SHDG, ETF) and Morgan Stanley Emerging Markets Debt Fund Inc (MSD, ETF).

SHDG vs MSD - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SHDG(ETF)	MSD(ETF)
Net Assets	$164M	$164M
Expense Ratio	0.91%	N/A
Max Drawdown	15.84%	52.80%
Sharpe Ratio	0.98	-0.26
5Y Beta	0.66	0.37
5Y Dividends CAGR	N/A	15.82%

Net Assets

SHDG

$164M

MSD

$164M

Expense Ratio

SHDG

0.91%

MSD

N/A

Max Drawdown

Winner

SHDG

15.84%

MSD

52.80%

Sharpe Ratio

Winner

SHDG

0.98

MSD

-0.26

5Y Beta

SHDG

0.66

Winner

MSD

0.37

5Y Dividends CAGR

SHDG

N/A

MSD

15.82%

SHDG vs MSD - Historical Returns

Returns include dividend reinvestment.

Period	SHDG	MSD
1 month	+0.80%	-2.29%
3 months	+2.70%	-1.66%
6 months	+1.38%	+2.81%
1 year	+11.32%	+0.14%
5 years(CAGR)	N/A	+3.96%
10 years(CAGR)	N/A	+5.09%
Max(CAGR)	+14.36%	+8.60%

Winner

SHDG

+0.80%

MSD

-2.29%

Winner

SHDG

+2.70%

MSD

-1.66%

SHDG

+1.38%

Winner

MSD

+2.81%

Winner

SHDG

+11.32%

MSD

+0.14%

5Y(CAGR)

SHDG

N/A

MSD

+3.96%

10Y(CAGR)

SHDG

N/A

MSD

+5.09%

Max(CAGR)

Winner

SHDG

+14.36%

MSD

+8.60%

SHDG vs MSD - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	SHDG	MSD
2026	+0.89%	+0.54%
2025	+11.41%	+6.44%
2024	+20.29%	+24.34%
2023	+18.35%	+18.74%
2022	+2.56%	-21.74%
2021	N/A	+3.29%
2020	N/A	+1.05%
2019	N/A	+23.62%
2018	N/A	-12.82%
2017	N/A	+16.04%
2016	N/A	+14.03%
2015	N/A	+1.27%
2014	N/A	+0.55%
2013	N/A	-13.60%
2012	N/A	+21.07%
2011	N/A	+5.25%
2010	N/A	+13.98%
2009	N/A	+47.73%
2008	N/A	-19.39%
2007	N/A	-6.06%
2006	N/A	+11.32%
2005	N/A	+24.29%
2004	N/A	+10.62%
2003	N/A	+41.28%
2002	N/A	+10.80%
2001	N/A	+19.83%
2000	N/A	+6.89%
1999	N/A	-0.43%

SHDG vs MSD Drawdown Comparison

The maximum drawdown for SHDG was -15.82%, occurring on Apr 8, 2025. Recovery took 105 trading sessions.

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

The current SHDG drawdown is -0.65%. The current MSD drawdown is -6.62%.

Rank	SHDG	MSD
#1	-15.82% Feb 19, 2025 - Jul 22, 2025	-45.49% Dec 14, 2006 - Aug 25, 2009
#2	-8.69% Jul 31, 2023 - Dec 12, 2023	-37.50% Feb 20, 2020 - Jun 1, 2021
#3	-6.62% Feb 2, 2026 - Mar 30, 2026	-33.90% Sep 9, 2021 - Jul 3, 2024
#4	-6.49% Jul 16, 2024 - Aug 30, 2024	-21.29% Jan 24, 2013 - Aug 10, 2016
#5	-4.63% Feb 15, 2023 - Mar 31, 2023	-21.27% Jan 12, 2004 - Nov 18, 2004
#6	-4.42% Dec 1, 2022 - Jan 26, 2023	-20.31% Jun 4, 2002 - Feb 24, 2003
#7	-3.98% Mar 27, 2024 - May 15, 2024	-18.63% Feb 23, 2006 - Oct 24, 2006
#8	-3.75% Aug 30, 2024 - Sep 19, 2024	-14.62% Jan 2, 2018 - Jun 20, 2019
#9	-3.53% Dec 16, 2024 - Feb 13, 2025	-14.23% Aug 31, 2000 - Jan 16, 2001
#10	-3.29% Oct 27, 2025 - Nov 28, 2025	-12.85% Jun 8, 2001 - Nov 13, 2001
#11	-2.51% Oct 28, 2022 - Nov 10, 2022	-12.84% Apr 1, 2025 - Jan 22, 2026
#12	-2.33% Dec 11, 2025 - Dec 23, 2025	-12.57% Apr 26, 2010 - Jul 26, 2010
#13	-1.94% Oct 8, 2025 - Oct 21, 2025	-12.21% Mar 8, 2005 - Aug 15, 2005
#14	-1.94% May 1, 2023 - May 18, 2023	-11.67% Nov 5, 2010 - Aug 1, 2011
#15	-1.90% Oct 18, 2024 - Nov 6, 2024	-11.32% Jan 29, 2001 - Jun 8, 2001

Correlation

Correlation between SHDG and MSD is 0.96 which considered as a very strong positive correlation - the stocks move almost identically together.

0.96

-101

Dividend Comparison (1999 - 2026)

SHDG vs MSD dividend yield comparison.

Year	SHDG	MSD
2026	0.00%	1.93%
2025	0.50%	9.88%
2024	0.62%	11.88%
2023	1.24%	10.90%
2022	0.90%	7.34%
2021	0.00%	4.99%
2020	0.00%	4.67%
2019	0.00%	5.37%
2018	0.00%	6.56%
2017	0.00%	5.81%
2016	0.00%	6.87%
2015	0.00%	7.03%
2014	0.00%	6.27%
2013	0.00%	10.17%
2012	0.00%	5.27%
2011	0.00%	6.31%
2010	0.00%	10.02%
2009	0.00%	6.33%
2008	0.00%	12.20%
2007	0.00%	6.82%
2006	0.00%	7.11%
2005	0.00%	8.68%
2004	0.00%	10.57%
2003	0.00%	7.70%
2002	0.00%	8.74%
2001	0.00%	11.49%
2000	0.00%	12.65%
1999	0.00%	4.26%