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 7.69%/yr vs 24.29%/yr for MSCI. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
MORN vs. MSCI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, MORN achieves a -29.03% return, which is significantly lower than MSCI's 2.01% return. Over the past 10 years, MORN has underperformed MSCI with an annualized return of 7.69%, while MSCI has yielded a comparatively higher 24.29% annualized return.
MORN
- 1D
- -0.18%
- 1M
- -14.60%
- YTD
- -29.03%
- 6M
- -28.85%
- 1Y
- -48.52%
- 3Y*
- -6.83%
- 5Y*
- -8.53%
- 10Y*
- 7.69%
MSCI
- 1D
- -0.06%
- 1M
- -1.31%
- YTD
- 2.01%
- 6M
- 1.49%
- 1Y
- 8.11%
- 3Y*
- 9.02%
- 5Y*
- 3.22%
- 10Y*
- 24.29%
MORN vs. MSCI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | -29.03% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
MSCI MSCI Inc. | 2.01% | -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 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 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:
$6.03B
MSCI:
$42.63B
MORN:
$9.74
MSCI:
$17.28
MORN:
15.75
MSCI:
33.61
MORN:
0.31
MSCI:
2.08
MORN:
2.53
MSCI:
13.69
MORN:
$2.51B
MSCI:
$3.24B
MORN:
$1.55B
MSCI:
$2.68B
MORN:
$743.90M
MSCI:
$1.99B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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 | -1.66 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.08 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | 0.45 | -1.41 |
| Martin ratioReturn relative to average drawdown | -1.44 | 1.16 | -2.60 |
Loading charts...
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.
Loading charts...
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 | -50.70% | -18.07% | -32.63% |
Max Drawdown (3Y)Largest decline over 3 years | -56.74% | -25.99% | -30.75% |
Max Drawdown (5Y)Largest decline over 5 years | -56.74% | -43.74% | -13.00% |
Max Drawdown (10Y)Largest decline over 10 years | -56.74% | -43.74% | -13.00% |
Current DrawdownCurrent decline from peak | -56.74% | -9.78% | -46.96% |
Average DrawdownAverage peak-to-trough decline | -18.39% | -13.07% | -5.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.73% | 7.00% | +26.73% |
Volatility
MORN vs. MSCI - Volatility Comparison
Morningstar, Inc. (MORN) has a higher volatility of 14.90% compared to MSCI Inc. (MSCI) at 8.23%. This indicates that MORN's price experiences larger fluctuations and is considered to be riskier than MSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MORN | MSCI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.90% | 8.23% | +6.67% |
Volatility (6M)Calculated over the trailing 6-month period | 31.94% | 21.10% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.46% | 28.90% | +6.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.97% | 30.74% | +0.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.91% | 31.20% | -3.29% |
Dividends
MORN vs. MSCI - Dividend Comparison
MORN's dividend yield for the trailing twelve months is around 1.25%, less than MSCI's 1.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 1.25% | 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. | 1.33% | 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 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%.
MSCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a gross profit of 709.00M and revenue of 850.80M. Therefore, the gross margin over that period was 83.3%.
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%.
MSCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported an operating income of 456.90M and revenue of 850.80M, resulting in an operating margin of 53.7%.
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%.
MSCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MSCI Inc. reported a net income of 406.00M and revenue of 850.80M, resulting in a net margin of 47.7%.
Frequently Asked Questions
MORN and MSCI have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (14.90%) compared to MSCI (8.23%). In terms of maximum drawdown, MORN dropped -67.92% vs MSCI's -69.06%.
MSCI currently has the higher Sharpe Ratio (0.28 vs -1.37), 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.
Find the right allocation for MORN and MSCI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer