MS vs. BND
MS (Morgan Stanley) is a stock, while BND (Vanguard Total Bond Market ETF) is Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, MS returned 27.71%/yr vs 1.58%/yr for BND. At a correlation of -0.21, they often move in opposite directions.
Performance
MS vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, MS achieves a 21.88% return, which is significantly higher than BND's 0.52% return. Over the past 10 years, MS has outperformed BND with an annualized return of 27.71%, while BND has yielded a comparatively lower 1.58% annualized return.
MS
- 1D
- 0.65%
- 1M
- 11.18%
- YTD
- 21.88%
- 6M
- 21.28%
- 1Y
- 69.28%
- 3Y*
- 38.69%
- 5Y*
- 22.26%
- 10Y*
- 27.71%
BND
- 1D
- -0.12%
- 1M
- 1.03%
- YTD
- 0.52%
- 6M
- 0.91%
- 1Y
- 4.77%
- 3Y*
- 4.17%
- 5Y*
- 0.03%
- 10Y*
- 1.58%
MS vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MS Morgan Stanley | 21.88% | 45.16% | 39.73% | 13.93% | -10.34% | 46.65% | 38.09% | 32.67% | -22.76% | 26.61% |
BND Vanguard Total Bond Market ETF | 0.52% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between MS and BND is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 10, 2007 | -0.21 |
The correlation between MS and BND shifts across timeframes, from -0.21 (all time) to 0.15 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
MS vs. BND — Risk / Return Rank
MS
BND
MS vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley (MS) and Vanguard Total Bond Market ETF (BND). 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.
| MS | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.39 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.21 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.65 | +1.88 |
| Martin ratioReturn relative to average drawdown | 11.65 | 4.81 | +6.85 |
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Drawdowns
MS vs. BND - Drawdown Comparison
The maximum MS drawdown since its inception was -88.12%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for MS and BND.
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Drawdown Indicators
| MS | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.12% | -18.58% | -69.54% |
Max Drawdown (1Y)Largest decline over 1 year | -18.83% | -2.68% | -16.15% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | -5.92% | -23.32% |
Max Drawdown (5Y)Largest decline over 5 years | -32.38% | -17.91% | -14.47% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -18.58% | -32.75% |
Current DrawdownCurrent decline from peak | -1.94% | -2.12% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -3.06% | -30.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 0.92% | +4.78% |
Volatility
MS vs. BND - Volatility Comparison
Morgan Stanley (MS) has a higher volatility of 8.62% compared to Vanguard Total Bond Market ETF (BND) at 1.28%. This indicates that MS's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MS | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 1.28% | +7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 21.46% | 2.74% | +18.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.81% | 3.75% | +22.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 6.03% | +22.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 5.53% | +25.98% |
Dividends
MS vs. BND - Dividend Comparison
MS's dividend yield for the trailing twelve months is around 1.87%, less than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
MS Morgan Stanley | 1.87% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
Frequently Asked Questions
MS and BND have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MS has higher volatility (8.62%) compared to BND (1.28%). In terms of maximum drawdown, MS dropped -88.12% vs BND's -18.58%.
MS currently has the higher Sharpe Ratio (2.58 vs 1.18), 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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