Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund (ETW) vs Morgan Stanley Direct Lending Fund (MSDL)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Morgan Stanley Direct Lending Fund is the larger company by market cap ($1.14 billion vs $1.04 billion), about 1.1 times the size. On valuation, Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund trades at a lower trailing P/E (4.6x vs 19.7x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund offers the higher dividend yield (14.00% vs 8.35%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | ETW | MSDL |
|---|---|---|
| Share price | $9.54 | $13.57 |
| Market cap | $1.04B | $1.14B |
| 1-day change | +0.53% | +1.80% |
| YTD return | +3.47% | — |
| 1-year return | +4.15% | — |
| 5-year return | -14.52% | — |
| P/E ratio (TTM) | 4.63 | 19.67 |
| Forward P/E | — | 7.53 |
| EPS (TTM) | $2.06 | $0.69 |
| Dividend yield | 8.35% | 14.00% |
| Annual dividend | $0.797 | $1.90 |
| 52-week high | $9.95 | $17.91 |
| 52-week low | $8.46 | $13.23 |
| Distance from 52-week high | -4.12% | -24.23% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +15.03% |
| Average volume | 266.34K | 455.05K |
| Shares outstanding | 108.60M | 84.11M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Morgan Stanley Direct Lending Fund trades at a higher earnings multiple (19.7x vs 4.6x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.00% vs 8.35%).
About Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund
ETW stock →Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund is a closed-ended equity mutual fund launched and managed by Eaton Vance Management. It is co-managed by Parametric Portfolio Associates LLC.
Financial Services · Asset Management
About Morgan Stanley Direct Lending Fund
MSDL stock →Morgan Stanley Direct Lending Fund is a business development company. It is a Private Debt fund.
Financial Services · Asset Management
ETW vs MSDL FAQ
Which is bigger, Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund (MSDL) is larger, with a market capitalization of $1.14B compared with $1.04B for Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund (ETW).
Which has the lower P/E ratio, ETW or MSDL?
ETW has the lower trailing P/E at 4.6, versus 19.7 for MSDL. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund or Morgan Stanley Direct Lending Fund?
Morgan Stanley Direct Lending Fund has the higher yield at 14.00%, compared with 8.35% for Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund.
Are Eaton Vance Eaton Vance Tax-Managed Global Buy-Write Opportunites Fund and Morgan Stanley Direct Lending Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.