Morgan Stanley Direct Lending Fund (MSDL) vs Blackrock MuniYield Quality Fund III (MYI)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Blackrock MuniYield Quality Fund III is the larger company by market cap ($1.17 billion vs $1.13 billion), about 1.0 times the size. On valuation, Blackrock MuniYield Quality Fund III trades at a lower trailing P/E (11.4x vs 19.4x for Morgan Stanley Direct Lending Fund). Morgan Stanley Direct Lending Fund pays a dividend yielding 14.20%, while Blackrock MuniYield Quality Fund III does not currently pay one.
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 | MSDL | MYI |
|---|---|---|
| Share price | $13.38 | $9.57 |
| Market cap | $1.13B | $1.17B |
| 1-day change | -1.40% | +1.06% |
| YTD return | — | -11.96% |
| 1-year return | — | -13.78% |
| 5-year return | — | -34.05% |
| P/E ratio (TTM) | 19.39 | 11.39 |
| Forward P/E | 7.43 | — |
| EPS (TTM) | $0.69 | $0.84 |
| Dividend yield | 14.20% | 6.98% |
| Annual dividend | $1.90 | $0.00 |
| 52-week high | $17.91 | $11.46 |
| 52-week low | $13.23 | $9.37 |
| Distance from 52-week high | -25.29% | -16.49% |
| Analyst consensus | none | — |
| Avg. price target upside | +16.67% | — |
| Average volume | 455.05K | 492.34K |
| Shares outstanding | 84.11M | 122.29M |
| Sector | Financial Services | Finance |
| Industry | Asset Management | Investment Bankers/Brokers/Service |
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 (19.4x vs 11.4x trailing P/E).
- Morgan Stanley Direct Lending Fund offers a meaningfully higher dividend yield (14.20% vs 6.98%).
- The two companies sit in different sectors: Morgan Stanley Direct Lending Fund in Financial Services and Blackrock MuniYield Quality Fund III in Finance.
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
About Blackrock MuniYield Quality Fund III
MYI stock →BlackRock MuniYield Quality Fund III, Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc.
Finance · Investment Bankers/Brokers/Service
MSDL vs MYI FAQ
Which is bigger, Morgan Stanley Direct Lending Fund or Blackrock MuniYield Quality Fund III?
Blackrock MuniYield Quality Fund III (MYI) is larger, with a market capitalization of $1.17B compared with $1.13B for Morgan Stanley Direct Lending Fund (MSDL).
Which has the lower P/E ratio, MSDL or MYI?
MYI has the lower trailing P/E at 11.4, versus 19.4 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, Morgan Stanley Direct Lending Fund or Blackrock MuniYield Quality Fund III?
Morgan Stanley Direct Lending Fund has the higher yield at 14.20%, compared with 6.98% for Blackrock MuniYield Quality Fund III.
Are Morgan Stanley Direct Lending Fund and Blackrock MuniYield Quality Fund III in the same industry?
No. Morgan Stanley Direct Lending Fund is in the Financial Services sector, while Blackrock MuniYield Quality Fund III is in Finance.