MORN vs. MSCI
MORN (Morningstar, Inc.) and MSCI (MSCI Inc.) are both stocks. Both operate in the Financial Data & Stock Exchanges industry within the Financial Services sector. Over the past 10 years, MORN returned 9.55%/yr vs 22.38%/yr for MSCI. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
MORN vs. MSCI - Performance Comparison
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Returns By Period
In the year-to-date period, MORN achieves a -10.65% return, which is significantly lower than MSCI's 0.50% return. Over the past 10 years, MORN has underperformed MSCI with an annualized return of 9.55%, while MSCI has yielded a comparatively higher 22.38% annualized return.
MORN
- 1D
- -0.28%
- 1M
- 16.40%
- 6M
- -4.14%
- YTD
- -10.65%
- 1Y
- -28.58%
- 3Y*
- -4.77%
- 5Y*
- -4.64%
- 10Y*
- 9.55%
- ALL TIME*
- 12.27%
MSCI
- 1D
- -0.61%
- 1M
- -5.12%
- 6M
- -5.36%
- YTD
- 0.50%
- 1Y
- 4.10%
- 3Y*
- 2.84%
- 5Y*
- 0.29%
- 10Y*
- 22.38%
- ALL TIME*
- 19.59%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $94.92M | $79.11M | $85.14M | |
MSCI MSCI Inc. | $558.68M | $425.84M | $423.23M |
MORN vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | -10.65% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
MSCI MSCI Inc. | 0.50% | -3.17% | 7.31% | 22.90% | -23.34% | 38.14% | 74.38% | 77.19% | 17.95% | 62.63% |
Correlation
The correlation between MORN and MSCI is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2007 | 0.52 |
The correlation between MORN and MSCI shifts across timeframes, from 0.52 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
MORN:
$7.22B
MSCI:
$41.60B
MORN:
$10.49
MSCI:
$18.04
MORN:
18.35
MSCI:
31.72
MORN:
0.36
MSCI:
1.96
MORN:
3.01
MSCI:
12.92
MORN:
$2.57B
MSCI:
$3.33B
MORN:
$1.60B
MSCI:
$2.77B
MORN:
$780.50M
MSCI:
$2.05B
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Return for Risk
MORN vs. MSCI — Risk / Return Rank
MORN
MSCI
MORN vs. MSCI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morningstar, Inc. (MORN) and MSCI Inc. (MSCI). 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.
| MORN | MSCI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.30 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.05 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 0.19 | -0.81 |
| Martin ratioReturn relative to average drawdown | -1.05 | 0.45 | -1.50 |
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Drawdowns
MORN vs. MSCI - Drawdown Comparison
The maximum MORN drawdown since its inception was -67.92%, roughly equal to the maximum MSCI drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MORN and MSCI.
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Drawdown Indicators
| MORN | MSCI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.92% | -69.06% | +1.14% |
Max Drawdown (1Y)Largest decline over 1 year | -47.55% | -18.07% | -29.48% |
Max Drawdown (3Y)Largest decline over 3 years | -60.00% | -25.99% | -34.01% |
Max Drawdown (5Y)Largest decline over 5 years | -60.00% | -43.74% | -16.26% |
Max Drawdown (10Y)Largest decline over 10 years | -60.00% | -43.74% | -16.26% |
Current DrawdownCurrent decline from peak | -45.53% | -11.12% | -34.41% |
Average DrawdownAverage peak-to-trough decline | -18.57% | -13.04% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 29.23% | 7.46% | +21.77% |
Volatility
MORN vs. MSCI - Volatility Comparison
The current volatility for Morningstar, Inc. (MORN) is 12.65%, while MSCI Inc. (MSCI) has a volatility of 13.82%. This indicates that MORN experiences smaller price fluctuations and is considered to be less risky than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MORN | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.65% | 13.82% | -1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 35.68% | 24.75% | +10.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.45% | 30.48% | +8.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.88% | 31.36% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.42% | 31.47% | -3.05% |
Dividends
MORN vs. MSCI - Dividend Comparison
MORN's dividend yield for the trailing twelve months is around 1.02%, less than MSCI's 1.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 1.02% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
MSCI MSCI Inc. | 1.35% | 1.25% | 1.07% | 0.98% | 0.98% | 0.59% | 0.65% | 0.98% | 1.30% | 1.04% | 1.27% | 1.11% |
Financials
MORN vs. MSCI - Financials Comparison
This section allows you to compare key financial metrics between Morningstar, Inc. and MSCI Inc.. 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
MORN vs. MSCI - Profitability Comparison
MORN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Morningstar, Inc. reported a gross profit of 423.90M and revenue of 663.20M. Therefore, the gross margin over that period was 63.9%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, MSCI Inc. reported a gross profit of 717.10M and revenue of 867.00M. Therefore, the gross margin over that period was 82.7%.
MORN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Morningstar, Inc. reported an operating income of 6.80M and revenue of 663.20M, resulting in an operating margin of 1.0%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, MSCI Inc. reported an operating income of 487.50M and revenue of 867.00M, resulting in an operating margin of 56.2%.
MORN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Morningstar, Inc. reported a net income of 107.80M and revenue of 663.20M, resulting in a net margin of 16.3%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, MSCI Inc. reported a net income of 342.00M and revenue of 867.00M, resulting in a net margin of 39.5%.
Frequently Asked Questions
MORN and MSCI have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MSCI has higher volatility (13.82%) compared to MORN (12.65%). In terms of maximum drawdown, MORN dropped -67.92% vs MSCI's -69.06%.
MSCI currently has the higher Sharpe Ratio (0.11 vs -0.76), 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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