WBI vs MSDL

Comparison between WaterBridge Infrastructure LLC. - Class A (WBI, Company) and Morgan Stanley Direct Lending Fund (MSDL, Company).

WBI is from the Energy sector, while MSDL is from the Financial Services sector.

WBI vs MSDL - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	WBI(COMPANY)	MSDL(COMPANY)
Market Cap	$1.30B	$1.30B
Max Drawdown	30.70%	42.73%
Sharpe Ratio	0.96	-0.74
5Y Beta	0.28	0.55
Industry	Oil & Gas Equipment & Services	Asset Management
P/E Ratio	-282.36	15.06
Forward P/E	N/A	8.24
Dividend Yield	0.17%	12.60%
Debt to Equity	223.33%	121.45%
Free Cash Flow Yield	21.12%	15.60%
P/S Ratio	2.20	3.40
P/B Ratio	2.11	0.77

Market Cap

WBI

$1.30B

Winner

MSDL

$1.30B

Max Drawdown

Winner

WBI

30.70%

MSDL

42.73%

Sharpe Ratio

Winner

WBI

0.96

MSDL

-0.74

5Y Beta

Winner

WBI

0.28

MSDL

0.55

Industry

WBI

Oil & Gas Equipment & Services

MSDL

Asset Management

P/E Ratio

Winner

WBI

-282.36

MSDL

15.06

Forward P/E

WBI

N/A

MSDL

8.24

Dividend Yield

WBI

0.17%

Winner

MSDL

12.60%

Debt to Equity

WBI

223.33%

Winner

MSDL

121.45%

Free Cash Flow Yield

Winner

WBI

21.12%

MSDL

15.60%

P/S Ratio

Winner

WBI

2.20

MSDL

3.40

P/B Ratio

WBI

2.11

Winner

MSDL

0.77

WBI vs MSDL - Historical Returns

Returns include dividend reinvestment.

Period	WBI	MSDL
1 month	-3.63%	-2.88%
3 months	+18.42%	+5.74%
6 months	+30.05%	-8.14%
1 year	N/A	-12.21%
Max(CAGR)	+43.46%	-2.59%

WBI

-3.63%

Winner

MSDL

-2.88%

Winner

WBI

+18.42%

MSDL

+5.74%

Winner

WBI

+30.05%

MSDL

-8.14%

WBI

N/A

MSDL

-12.21%

Max(CAGR)

Winner

WBI

+43.46%

MSDL

-2.59%

WBI vs MSDL - Annual Returns (2024 - 2026)

Returns include dividend reinvestment.

Year	WBI	MSDL
2026	+49.83%	-4.99%
2025	-12.35%	-11.88%
2024	N/A	+11.06%

WBI vs MSDL Drawdown Comparison

The maximum drawdown for WBI was -30.70%, occurring on Jan 7, 2026. Recovery took 115 trading sessions.

The maximum drawdown for MSDL was -29.56%, occurring on Mar 27, 2026. This drawdown has not yet recovered.

The current WBI drawdown is -5.37%. The current MSDL drawdown is -21.37%.

Rank	WBI	MSDL
#1	-30.70% Oct 7, 2025 - Mar 24, 2026	-29.56% Jun 21, 2024 - Mar 27, 2026
#2	-12.03% Mar 27, 2026 - Apr 24, 2026	-6.13% May 9, 2024 - Jun 21, 2024
#3	-10.62% May 5, 2026 - May 15, 2026	-6.08% Mar 27, 2024 - May 6, 2024
#4	-7.06% May 22, 2026 - Jun 1, 2026	-4.94% Jan 25, 2024 - Mar 14, 2024
#5	-2.30% Sep 19, 2025 - Sep 25, 2025	-4.15% Mar 20, 2024 - Mar 22, 2024
#6	-1.92% Mar 24, 2026 - Mar 27, 2026	-2.76% Mar 22, 2024 - Mar 26, 2024
#7	-1.90% May 18, 2026 - May 22, 2026	-2.37% May 6, 2024 - May 8, 2024
#8	-1.36% Apr 30, 2026 - May 5, 2026	-1.63% Mar 15, 2024 - Mar 20, 2024
#9	-1.01% Sep 17, 2025 - Sep 19, 2025	N/A
#10	-0.90% Oct 1, 2025 - Oct 3, 2025	N/A
#11	-0.07% Apr 24, 2026 - Apr 28, 2026	N/A

Correlation

Correlation between WBI and MSDL is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.46

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