MSD vs. SPTL
Compare and contrast key facts about Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and SPDR Portfolio Long Term Treasury ETF (SPTL).
SPTL is a passively managed fund by State Street that tracks the performance of the Bloomberg US Aggregate Government - Treasury - Long. It was launched on May 23, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MSD or SPTL.
Key characteristics
| MSD | SPTL | |
|---|---|---|
| YTD Return | 4.82% | -6.48% |
| 1Y Return | 24.36% | -8.67% |
| 3Y Return (Ann) | 0.11% | -9.65% |
| 5Y Return (Ann) | 2.19% | -3.63% |
| 10Y Return (Ann) | 3.10% | 0.38% |
| Sharpe Ratio | 1.79 | -0.62 |
| Daily Std Dev | 13.16% | 15.17% |
| Max Drawdown | -52.67% | -46.20% |
| Current Drawdown | -6.80% | -39.97% |
Correlation
The correlation between MSD and SPTL is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MSD vs. SPTL - Performance Comparison
In the year-to-date period, MSD achieves a 4.82% return, which is significantly higher than SPTL's -6.48% return. Over the past 10 years, MSD has outperformed SPTL with an annualized return of 3.10%, while SPTL has yielded a comparatively lower 0.38% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
MSD vs. SPTL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and SPDR Portfolio Long Term Treasury ETF (SPTL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
MSD vs. SPTL - Dividend Comparison
MSD's dividend yield for the trailing twelve months is around 11.44%, more than SPTL's 3.69% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | 11.44% | 10.90% | 7.34% | 4.99% | 4.67% | 5.37% | 6.56% | 5.81% | 6.87% | 7.03% | 6.27% | 10.17% |
SPTL SPDR Portfolio Long Term Treasury ETF | 3.69% | 3.24% | 2.75% | 1.68% | 1.71% | 2.45% | 2.69% | 2.53% | 2.56% | 2.60% | 2.63% | 2.98% |
Drawdowns
MSD vs. SPTL - Drawdown Comparison
The maximum MSD drawdown since its inception was -52.67%, which is greater than SPTL's maximum drawdown of -46.20%. Use the drawdown chart below to compare losses from any high point for MSD and SPTL. For additional features, visit the drawdowns tool.
Volatility
MSD vs. SPTL - Volatility Comparison
Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and SPDR Portfolio Long Term Treasury ETF (SPTL) have volatilities of 3.06% and 3.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.