MSD vs SKYX: Correlation
Morgan Stanley Emerging Markets Debt Fund, Inc. (MSD) and SKYX Platforms Corp. (SKYX) show a moderate relationship: their 3-year correlation of weekly returns is 0.36.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSD and SKYX?
On 3 years of weekly data the MSD/SKYX correlation comes out at 0.36, moderate. Little has changed lately, as the 1-year reading of 0.39 lands near the 3-year figure. The 5-year figure is 0.21, and annualized covariance runs at 353.4 %².
SKYX is close to the least connected end of MSD's tracked universe, ranking #10 of 13. Their 12-month results are close: +5.8% for MSD against +2.5% for SKYX. Note the risk asymmetry: SKYX runs 7.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
MSD vs SKYX: side by side
| MSD (Morgan Stanley Emerging Markets Debt Fund, Inc.) | SKYX (SKYX Platforms Corp.) | |
|---|---|---|
| 1-year return | +5.8% | +2.5% |
| 5-year return | +22.9% | -89.7% |
| Volatility (ann.) | 11.6% | 85.8% |
| Beta vs S&P 500 | 0.40 | 1.83 |
| Max drawdown (3Y) | -12.8% | -69.8% |
| Market cap | $0.1B | $0.2B |
| P/E (trailing) | 6.9 | – |
| Dividend yield | 9.78% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MSD | SKYX |
|---|---|---|
| 2022 | -22.1% | – |
| 2023 | +19.2% | -36.5% |
| 2024 | +24.9% | -27.5% |
| 2025 | +5.6% | +87.1% |
| 2026 | +2.6% | -43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSD and SKYX good diversifiers for each other?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between MSD and SKYX?
Using weekly returns as of 2026-08-27: 0.36 over 3 years, with 0.39 over the last year and 0.21 over 5 years.
Is SKYX a good diversifier for MSD?
A fair diversifier. At 0.36, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.36 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/msd-vs-skyx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/msd-vs-skyx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MSD correlations · SKYX correlations
