MSD vs. USA
MSD (Morgan Stanley Emerging Markets Debt Fund, Inc.) and USA (Liberty All-Star Equity Fund) are both stocks. Both are in the Financial Services sector — MSD in Asset Management, USA in Collective Investments. Over the past 10 years, MSD returned 4.84%/yr vs 12.11%/yr for USA. Their 0.29 correlation means their historical movements had little consistent relationship.
Performance
MSD vs. USA - Performance Comparison
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Returns By Period
In the year-to-date period, MSD achieves a 2.01% return, which is significantly higher than USA's 0.57% return. Over the past 10 years, MSD has underperformed USA with an annualized return of 4.84%, while USA has yielded a comparatively higher 12.11% annualized return.
MSD
- 1D
- -0.41%
- 1M
- -0.55%
- 6M
- -1.72%
- YTD
- 2.01%
- 1Y
- 5.66%
- 3Y*
- 15.08%
- 5Y*
- 3.89%
- 10Y*
- 4.84%
- ALL TIME*
- 7.16%
USA
- 1D
- 0.00%
- 1M
- 3.10%
- 6M
- 1.24%
- YTD
- 0.57%
- 1Y
- 0.97%
- 3Y*
- 5.91%
- 5Y*
- 2.63%
- 10Y*
- 12.11%
- ALL TIME*
- 7.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $462.06K | $515.29K | $664.52K | |
| $8.20M | $9.40M | $8.31M |
MSD vs. USA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | 2.01% | 5.58% | 24.92% | 19.14% | -22.10% | 2.20% | 0.73% | 24.38% | -12.31% | 16.33% |
USA Liberty All-Star Equity Fund | 0.57% | 0.09% | 20.81% | 23.17% | -25.20% | 33.76% | 12.89% | 39.70% | -5.06% | 34.66% |
Correlation
The correlation between MSD and USA is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.38 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.39 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994 | 0.29 |
The correlation between MSD and USA shifts across timeframes, from 0.29 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
MSD:
$146.47M
USA:
$1.79B
MSD:
$1.85
USA:
$1.40
MSD:
3.91
USA:
4.14
MSD:
3.80
USA:
4.92
MSD:
0.92
USA:
0.85
MSD:
$38.58M
USA:
$355.74M
MSD:
$35.05M
USA:
$329.90M
MSD:
$30.02M
USA:
$305.11M
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Return for Risk
MSD vs. USA — Risk / Return Rank
MSD
USA
MSD vs. USA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and Liberty All-Star Equity Fund (USA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MSD | USA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | -0.03 | +0.57 |
| Martin ratioReturn relative to average drawdown | 1.48 | -0.08 | +1.56 |
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Drawdowns
MSD vs. USA - Drawdown Comparison
The maximum MSD drawdown since its inception was -58.51%, smaller than the maximum USA drawdown of -69.15%. Use the drawdown chart below to compare losses from any high point for MSD and USA.
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Drawdown Indicators
| MSD | USA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.51% | -69.15% | +10.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.59% | -13.65% | +3.06% |
Max Drawdown (3Y)Largest decline over 3 years | -12.84% | -17.69% | +4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -33.89% | -34.05% | +0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -37.50% | -47.07% | +9.57% |
Current DrawdownCurrent decline from peak | -4.94% | -4.83% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -11.50% | +0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.84% | 5.16% | -1.32% |
Volatility
MSD vs. USA - Volatility Comparison
The current volatility for Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) is 2.45%, while Liberty All-Star Equity Fund (USA) has a volatility of 3.74%. This indicates that MSD experiences smaller price fluctuations and is considered to be less risky than USA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MSD | USA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.45% | 3.74% | -1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 10.80% | -2.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.03% | 14.11% | -4.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.06% | 20.11% | -6.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.72% | 22.56% | -7.84% |
Dividends
MSD vs. USA - Dividend Comparison
MSD's dividend yield for the trailing twelve months is around 8.43%, less than USA's 11.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MSD Morgan Stanley Emerging Markets Debt Fund, Inc. | 8.43% | 9.88% | 11.88% | 10.90% | 7.34% | 4.99% | 4.67% | 5.37% | 6.56% | 5.81% | 6.87% | 7.03% |
USA Liberty All-Star Equity Fund | 11.53% | 10.67% | 10.22% | 9.56% | 12.11% | 9.67% | 9.13% | 9.75% | 12.64% | 8.89% | 9.30% | 9.53% |
Financials
MSD vs. USA - Financials Comparison
This section allows you to compare key financial metrics between Morgan Stanley Emerging Markets Debt Fund, Inc. and Liberty All-Star Equity Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
MSD and USA have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USA has higher volatility (3.74%) compared to MSD (2.45%). In terms of maximum drawdown, MSD dropped -58.51% vs USA's -69.15%.
MSD currently has the higher Sharpe Ratio (0.57 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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