Western Asset High Yield Opportunity Fund (HYI) vs Morgan Stanley Emerging Markets Debt Fund (MSD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Morgan Stanley Emerging Markets Debt Fund is the larger company by market cap ($134.5 million vs $124.6 million), about 1.1 times the size. On valuation, Morgan Stanley Emerging Markets Debt Fund trades at a lower trailing P/E (6.3x vs 11.1x for Western Asset High Yield Opportunity Fund). Morgan Stanley Emerging Markets Debt Fund pays a dividend yielding 8.87%, while Western Asset High Yield Opportunity Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Head-to-head
| Metric | HYI | MSD |
|---|---|---|
| Share price | $9.73 | $6.65 |
| Market cap | $124.62M | $134.54M |
| 1-day change | -0.56% | -0.60% |
| P/E ratio (TTM) | 11.05 | 6.27 |
| EPS (TTM) | $0.88 | $1.06 |
| Dividend yield | 11.72% | 8.87% |
| Annual dividend | $0.00 | $0.59 |
| 52-week high | $11.69 | $7.94 |
| 52-week low | $9.61 | $6.62 |
| Distance from 52-week high | -16.81% | -16.25% |
| Average volume | 63.64K | 65.78K |
| Shares outstanding | 12.81M | 20.23M |
| 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
- Western Asset High Yield Opportunity Fund trades at a higher earnings multiple (11.1x vs 6.3x trailing P/E).
- Western Asset High Yield Opportunity Fund offers a meaningfully higher dividend yield (11.72% vs 8.87%).
About Western Asset High Yield Opportunity Fund
HYI stock →Western Asset High Yield Opportunity Fund Inc. is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC.
Financial Services · Asset Management
About Morgan Stanley Emerging Markets Debt Fund
MSD stock →Morgan Stanley Emerging Markets Debt Fund, Inc. is a closed ended fixed income fund launched and managed by Morgan Stanley Investment Management Inc.
Financial Services · Asset Management
HYI vs MSD FAQ
Which is bigger, Western Asset High Yield Opportunity Fund or Morgan Stanley Emerging Markets Debt Fund?
Morgan Stanley Emerging Markets Debt Fund (MSD) is larger, with a market capitalization of $134.54M compared with $124.62M for Western Asset High Yield Opportunity Fund (HYI).
Which has the lower P/E ratio, HYI or MSD?
MSD has the lower trailing P/E at 6.3, versus 11.1 for HYI. 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, Western Asset High Yield Opportunity Fund or Morgan Stanley Emerging Markets Debt Fund?
Western Asset High Yield Opportunity Fund has the higher yield at 11.72%, compared with 8.87% for Morgan Stanley Emerging Markets Debt Fund.
Are Western Asset High Yield Opportunity Fund and Morgan Stanley Emerging Markets Debt Fund in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.