ALL vs. MORN

Last updated Jun 13, 2026

ALL (The Allstate Corporation) and MORN (Morningstar, Inc.) are both stocks. Both are in the Financial Services sector — ALL in Insurance - Property & Casualty, MORN in Financial Data & Stock Exchanges. Over the past 10 years, ALL returned 15.27%/yr vs 8.88%/yr for MORN. At a 0.33 correlation, their price movements are largely independent.

Performance

ALL vs. MORN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in The Allstate Corporation (ALL) and Morningstar, Inc. (MORN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALL achieves a 7.58% return, which is significantly higher than MORN's -18.94% return. Over the past 10 years, ALL has outperformed MORN with an annualized return of 15.27%, while MORN has yielded a comparatively lower 8.88% annualized return.

ALL

• 1D: 0.94%
• 1M: 3.37%
• YTD: 7.58%
• 6M: 8.08%
• 1Y: 12.86%
• 3Y*: 27.76%
• 5Y*: 13.66%
• 10Y*: 15.27%

MORN

• 1D: -1.09%
• 1M: 5.41%
• YTD: -18.94%
• 6M: -17.73%
• 1Y: -42.15%
• 3Y*: -4.38%
• 5Y*: -5.16%
• 10Y*: 8.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALL vs. MORN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ALL The Allstate Corporation	7.58%	10.09%	40.61%	6.37%	18.37%	9.86%	-0.12%	38.82%	-19.52%	43.64%
MORN Morningstar, Inc.	-18.94%	-35.05%	18.29%	33.10%	-36.31%	48.23%	54.54%	38.93%	14.34%	33.38%

Correlation

The correlation between ALL and MORN is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since May 3, 2005	0.33

The correlation between ALL and MORN shifts across timeframes, from 0.17 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ALL : $58.20B MORN : $6.89B
EPS ALL : $45.76 MORN : $9.74
PE Ratio ALL : 4.84 MORN : 17.99
PEG Ratio ALL : 0.13 MORN : 0.36
PS Ratio ALL : 0.88 MORN : 2.89
PB Ratio ALL : 1.97 MORN : 6.76
Total Revenue (TTM) ALL : $67.14B MORN : $2.51B
Gross Profit (TTM) ALL : $19.06B MORN : $1.55B
EBITDA (TTM) ALL : $13.09B MORN : $743.90M

Return for Risk

ALL vs. MORN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALL

ALL Risk / Return Rank: 60
ALL Sharpe Ratio Rank: 62
ALL Sortino Ratio Rank: 54
ALL Omega Ratio Rank: 53
ALL Calmar Ratio Rank: 66
ALL Martin Ratio Rank: 67

MORN

MORN Risk / Return Rank: 7
MORN Sharpe Ratio Rank: 2
MORN Sortino Ratio Rank: 4
MORN Omega Ratio Rank: 4
MORN Calmar Ratio Rank: 10
MORN Martin Ratio Rank: 13

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALL vs. MORN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for The Allstate Corporation (ALL) and Morningstar, Inc. (MORN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ALL	MORN	Difference
Sharpe ratio: Return per unit of total volatility	0.55	-1.22	+1.77
Sortino ratio: Return per unit of downside risk	0.90	-1.80	+2.70
Omega ratio: Gain probability vs. loss probability	1.11	0.77	+0.34
Calmar ratio: Return relative to maximum drawdown	1.13	-0.83	+1.96
Martin ratio: Return relative to average drawdown	2.90	-1.28	+4.17

ALL vs. MORN - Sharpe Ratio Comparison

The current ALL Sharpe Ratio is 0.55, which is higher than the MORN Sharpe Ratio of -1.22. The chart below compares the historical Sharpe Ratios of ALL and MORN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ALL vs. MORN - Drawdown Comparison

The maximum ALL drawdown since its inception was -77.03%, which is greater than MORN's maximum drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for ALL and MORN.

Drawdown Indicators

	ALL	MORN	Difference
Max Drawdown Largest peak-to-trough decline	-77.03%	-67.92%	-9.11%
Max Drawdown (1Y) Largest decline over 1 year	-11.48%	-50.65%	+39.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-56.70%	+42.59%
Max Drawdown (5Y) Largest decline over 5 years	-27.35%	-56.70%	+29.35%
Max Drawdown (10Y) Largest decline over 10 years	-41.39%	-56.70%	+15.31%
Current Drawdown Current decline from peak	-0.79%	-50.59%	+49.80%
Average Drawdown Average peak-to-trough decline	-16.43%	-18.36%	+1.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.46%	33.06%	-28.60%

Volatility

ALL vs. MORN - Volatility Comparison

The current volatility for The Allstate Corporation (ALL) is 8.80%, while Morningstar, Inc. (MORN) has a volatility of 13.64%. This indicates that ALL experiences smaller price fluctuations and is considered to be less risky than MORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALL	MORN	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.80%	13.64%	-4.84%
Volatility (6M) Calculated over the trailing 6-month period	17.29%	31.02%	-13.73%
Volatility (1Y) Calculated over the trailing 1-year period	23.73%	34.60%	-10.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.46%	30.76%	-5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.95%	27.78%	-2.83%

Dividends

ALL vs. MORN - Dividend Comparison

ALL's dividend yield for the trailing twelve months is around 1.88%, more than MORN's 1.09% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ALL The Allstate Corporation	1.88%	1.92%	1.91%	2.54%	2.51%	2.75%	1.96%	1.78%	2.23%	1.41%	1.78%	1.93%
MORN Morningstar, Inc.	1.09%	0.84%	0.48%	0.52%	0.66%	0.28%	0.65%	0.74%	0.91%	0.95%	1.20%	0.95%

Financials

ALL vs. MORN - Profitability Comparison

The chart below illustrates the profitability comparison between The Allstate Corporation and Morningstar, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ALL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a gross profit of 0.00 and revenue of 16.94B. Therefore, the gross margin over that period was 0.0%.

MORN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a gross profit of 405.90M and revenue of 644.80M. Therefore, the gross margin over that period was 63.0%.

ALL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported an operating income of 0.00 and revenue of 16.94B, resulting in an operating margin of 0.0%.

MORN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported an operating income of 900.00K and revenue of 644.80M, resulting in an operating margin of 0.1%.

ALL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Allstate Corporation reported a net income of 2.46B and revenue of 16.94B, resulting in a net margin of 14.5%.

MORN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a net income of 107.10M and revenue of 644.80M, resulting in a net margin of 16.6%.

Frequently Asked Questions

Can I hold both ALL and MORN in my portfolio?

ALL and MORN have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ALL or MORN?

MORN has higher volatility (13.64%) compared to ALL (8.80%). In terms of maximum drawdown, ALL dropped -77.03% vs MORN's -67.92%.

Which has better risk-adjusted returns?

ALL currently has the higher Sharpe Ratio (0.55 vs -1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.