MS vs. BLK

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley (MS) and BlackRock, Inc. (BLK).

Performance

MS vs. BLK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Morgan Stanley (MS) and BlackRock, Inc. (BLK). The values are adjusted to include any dividend payments, if applicable.

MS vs. BLK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MS Morgan Stanley	-6.79%	45.16%	39.73%	13.93%	-10.34%	46.65%	38.09%	32.67%	-22.76%	26.61%
BLK BlackRock, Inc.	-9.65%	6.55%	29.29%	17.86%	-20.40%	29.39%	47.21%	31.87%	-21.59%	38.20%

Fundamentals

Market Cap MS : $262.16B BLK : $159.07B
EPS MS : $10.58 BLK : $34.83
PE Ratio MS : 15.55 BLK : 27.61
PS Ratio MS : 2.26 BLK : 6.34
PB Ratio MS : 2.57 BLK : 2.85
Total Revenue (TTM) MS : $116.11B BLK : $24.18B
Gross Profit (TTM) MS : $66.75B BLK : $14.77B
EBITDA (TTM) MS : $26.56B BLK : $8.44B

Returns By Period

In the year-to-date period, MS achieves a -6.79% return, which is significantly higher than BLK's -9.65% return. Over the past 10 years, MS has outperformed BLK with an annualized return of 23.94%, while BLK has yielded a comparatively lower 13.66% annualized return.

MS

• 1D: 3.91%
• 1M: -1.17%
• YTD: -6.79%
• 6M: 4.73%
• 1Y: 44.84%
• 3Y*: 27.43%
• 5Y*: 19.81%
• 10Y*: 23.94%

BLK

• 1D: 2.96%
• 1M: -9.04%
• YTD: -9.65%
• 6M: -16.65%
• 1Y: 3.70%
• 3Y*: 15.54%
• 5Y*: 7.17%
• 10Y*: 13.66%

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

Return for Risk

MS vs. BLK — Risk / Return Rank

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

MS

MS Risk / Return Rank: 83
MS Sharpe Ratio Rank: 84
MS Sortino Ratio Rank: 79
MS Omega Ratio Rank: 82
MS Calmar Ratio Rank: 82
MS Martin Ratio Rank: 85

BLK

BLK Risk / Return Rank: 44
BLK Sharpe Ratio Rank: 47
BLK Sortino Ratio Rank: 40
BLK Omega Ratio Rank: 40
BLK Calmar Ratio Rank: 47
BLK Martin Ratio Rank: 48

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.

MS vs. BLK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley (MS) and BlackRock, Inc. (BLK). 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.

	MS	BLK	Difference
Sharpe ratio Return per unit of total volatility	1.48	0.13	+1.35
Sortino ratio Return per unit of downside risk	1.97	0.37	+1.60
Omega ratio Gain probability vs. loss probability	1.29	1.05	+0.24
Calmar ratio Return relative to maximum drawdown	2.47	0.16	+2.31
Martin ratio Return relative to average drawdown	7.75	0.43	+7.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MS vs. BLK - Sharpe Ratio Comparison

The current MS Sharpe Ratio is 1.48, which is higher than the BLK Sharpe Ratio of 0.13. The chart below compares the historical Sharpe Ratios of MS and BLK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MS	BLK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	0.13	+1.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.27	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.50	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.58	-0.31

Correlation

The correlation between MS and BLK is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MS vs. BLK - Dividend Comparison

MS's dividend yield for the trailing twelve months is around 2.39%, more than BLK's 2.22% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MS Morgan Stanley	2.39%	2.17%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%	1.72%	1.66%	1.73%
BLK BlackRock, Inc.	2.22%	1.95%	1.99%	2.46%	2.75%	1.80%	2.01%	2.63%	3.08%	1.95%	2.41%	2.56%

Drawdowns

MS vs. BLK - Drawdown Comparison

The maximum MS drawdown since its inception was -88.12%, which is greater than BLK's maximum drawdown of -60.36%. Use the drawdown chart below to compare losses from any high point for MS and BLK.

Drawdown Indicators

	MS	BLK	Difference
Max Drawdown Largest peak-to-trough decline	-88.12%	-60.36%	-27.76%
Max Drawdown (1Y) Largest decline over 1 year	-18.83%	-22.45%	+3.62%
Max Drawdown (5Y) Largest decline over 5 years	-32.38%	-43.90%	+11.52%
Max Drawdown (10Y) Largest decline over 10 years	-51.33%	-43.90%	-7.43%
Current Drawdown Current decline from peak	-13.47%	-19.19%	+5.72%
Average Drawdown Average peak-to-trough decline	-33.88%	-11.92%	-21.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.00%	8.62%	-2.62%

Volatility

MS vs. BLK - Volatility Comparison

The current volatility for Morgan Stanley (MS) is 8.31%, while BlackRock, Inc. (BLK) has a volatility of 10.69%. This indicates that MS experiences smaller price fluctuations and is considered to be less risky than BLK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MS	BLK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	10.69%	-2.38%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	19.83%	+0.87%
Volatility (1Y) Calculated over the trailing 1-year period	30.56%	29.05%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.58%	26.52%	+2.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.51%	27.64%	+3.87%

Financials

MS vs. BLK - Profitability Comparison

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

MS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported a gross profit of 17.87B and revenue of 29.99B. Therefore, the gross margin over that period was 59.6%.

BLK - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported a gross profit of 5.74B and revenue of 6.97B. Therefore, the gross margin over that period was 82.4%.

MS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported an operating income of 5.76B and revenue of 29.99B, resulting in an operating margin of 19.2%.

BLK - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported an operating income of 2.08B and revenue of 6.97B, resulting in an operating margin of 29.9%.

MS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Morgan Stanley reported a net income of 4.40B and revenue of 29.99B, resulting in a net margin of 14.7%.

BLK - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, BlackRock, Inc. reported a net income of 1.13B and revenue of 6.97B, resulting in a net margin of 16.2%.