Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. It's fair to say that the TSR gives a more complete picture for stocks that pay a dividend. We note that for Moelis the TSR over the last 1 year was -25%, which is better than the share price return mentioned above. This is largely a result of its dividend payments!