BSBR vs. MS
BSBR (Banco Santander (Brasil) S.A.) and MS (Morgan Stanley) are both stocks. Both are in the Financial Services sector — BSBR in Banks - Regional, MS in Capital Markets. Over the past 10 years, BSBR returned 6.77%/yr vs 26.51%/yr for MS. At a 0.37 correlation, their price movements are largely independent.
Performance
BSBR vs. MS - Performance Comparison
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Returns By Period
In the year-to-date period, BSBR achieves a -9.93% return, which is significantly lower than MS's 19.66% return. Over the past 10 years, BSBR has underperformed MS with an annualized return of 6.77%, while MS has yielded a comparatively higher 26.51% annualized return.
BSBR
- 1D
- -3.28%
- 1M
- -8.15%
- YTD
- -9.93%
- 6M
- -14.94%
- 1Y
- 8.32%
- 3Y*
- 2.09%
- 5Y*
- -2.69%
- 10Y*
- 6.77%
MS
- 1D
- -2.25%
- 1M
- 11.77%
- YTD
- 19.66%
- 6M
- 22.29%
- 1Y
- 67.25%
- 3Y*
- 39.95%
- 5Y*
- 21.31%
- 10Y*
- 26.51%
BSBR vs. MS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBR Banco Santander (Brasil) S.A. | -9.93% | 67.32% | -36.75% | 29.04% | 7.57% | -30.10% | -23.66% | 13.87% | 23.24% | 11.80% |
MS Morgan Stanley | 19.66% | 45.16% | 39.73% | 13.93% | -10.34% | 46.65% | 38.09% | 32.67% | -22.76% | 26.61% |
Correlation
The correlation between BSBR and MS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Oct 8, 2009 | 0.37 |
Fundamentals
BSBR:
$39.70B
MS:
$334.75B
BSBR:
$1.95
MS:
$11.41
BSBR:
2.72
MS:
18.41
BSBR:
0.21
MS:
1.73
BSBR:
0.22
MS:
2.78
BSBR:
0.31
MS:
3.20
BSBR:
$160.28B
MS:
$120.22B
BSBR:
$43.51B
MS:
$69.72B
BSBR:
$18.53B
MS:
$27.21B
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Return for Risk
BSBR vs. MS — Risk / Return Rank
BSBR
MS
BSBR vs. MS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Banco Santander (Brasil) S.A. (BSBR) and Morgan Stanley (MS). 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.
| BSBR | MS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.45 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 3.59 | -3.26 |
| Martin ratioReturn relative to average drawdown | 0.78 | 11.89 | -11.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSBR | MS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 2.68 | -2.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.75 | -0.83 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.16 | 0.85 | -0.68 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.29 | -0.25 |
Drawdowns
BSBR vs. MS - Drawdown Comparison
The maximum BSBR drawdown since its inception was -69.38%, smaller than the maximum MS drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for BSBR and MS.
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Drawdown Indicators
| BSBR | MS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.38% | -88.12% | +18.74% |
Max Drawdown (1Y)Largest decline over 1 year | -25.23% | -18.83% | -6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -39.50% | -29.24% | -10.26% |
Max Drawdown (5Y)Largest decline over 5 years | -45.26% | -32.38% | -12.88% |
Max Drawdown (10Y)Largest decline over 10 years | -69.38% | -51.33% | -18.05% |
Current DrawdownCurrent decline from peak | -36.38% | -2.25% | -34.13% |
Average DrawdownAverage peak-to-trough decline | -36.18% | -33.72% | -2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.77% | 5.67% | +5.10% |
Volatility
BSBR vs. MS - Volatility Comparison
Banco Santander (Brasil) S.A. (BSBR) has a higher volatility of 9.96% compared to Morgan Stanley (MS) at 6.98%. This indicates that BSBR's price experiences larger fluctuations and is considered to be riskier than MS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBR | MS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.96% | 6.98% | +2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 26.29% | 20.82% | +5.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.81% | 25.19% | +7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.25% | 28.65% | +5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.16% | 31.48% | +9.68% |
Dividends
BSBR vs. MS - Dividend Comparison
BSBR's dividend yield for the trailing twelve months is around 8.13%, more than MS's 1.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBR Banco Santander (Brasil) S.A. | 8.13% | 5.38% | 7.86% | 5.09% | 8.09% | 9.57% | 7.56% | 4.41% | 6.07% | 2.52% | 2.27% | 6.91% |
MS Morgan Stanley | 1.90% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
Financials
BSBR vs. MS - Financials Comparison
This section allows you to compare key financial metrics between Banco Santander (Brasil) S.A. and Morgan Stanley. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BSBR vs. MS - Profitability Comparison
BSBR - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported a gross profit of 10.77B and revenue of 38.36B. Therefore, the gross margin over that period was 28.1%.
MS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported a gross profit of 20.48B and revenue of 33.15B. Therefore, the gross margin over that period was 61.8%.
BSBR - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported an operating income of 4.71B and revenue of 38.36B, resulting in an operating margin of 12.3%.
MS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported an operating income of 7.01B and revenue of 33.15B, resulting in an operating margin of 21.2%.
BSBR - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Banco Santander (Brasil) S.A. reported a net income of 3.22B and revenue of 38.36B, resulting in a net margin of 8.4%.
MS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported a net income of 5.64B and revenue of 33.15B, resulting in a net margin of 17.0%.
Frequently Asked Questions
BSBR and MS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSBR has higher volatility (9.96%) compared to MS (6.98%). In terms of maximum drawdown, BSBR dropped -69.38% vs MS's -88.12%.
MS currently has the higher Sharpe Ratio (2.68 vs 0.26), 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.
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