MS vs. MSCI

Last updated Apr 1, 2026

Compare and contrast key facts about Morgan Stanley (MS) and MSCI Inc. (MSCI).

Performance

MS vs. MSCI - Performance Comparison

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

MS vs. MSCI - 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%
MSCI MSCI Inc.	-5.68%	-3.17%	7.31%	22.90%	-23.34%	38.14%	74.38%	77.19%	17.95%	62.63%

Fundamentals

Market Cap MS : $262.16B MSCI : $41.66B
EPS MS : $10.58 MSCI : $15.54
PE Ratio MS : 15.55 MSCI : 34.68
PEG Ratio MS : 1.46 MSCI : 2.15
PS Ratio MS : 2.26 MSCI : 13.30
Total Revenue (TTM) MS : $116.11B MSCI : $3.13B
Gross Profit (TTM) MS : $66.75B MSCI : $2.58B
EBITDA (TTM) MS : $26.56B MSCI : $1.93B

Returns By Period

In the year-to-date period, MS achieves a -6.79% return, which is significantly lower than MSCI's -5.68% return. Both investments have delivered pretty close results over the past 10 years, with MS having a 23.94% annualized return and MSCI not far behind at 23.21%.

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%

MSCI

• 1D: 1.34%
• 1M: -5.74%
• YTD: -5.68%
• 6M: -4.33%
• 1Y: -3.40%
• 3Y*: -0.04%
• 5Y*: 5.82%
• 10Y*: 23.21%

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

Return for Risk

MS vs. MSCI — 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

MSCI

MSCI Risk / Return Rank: 35
MSCI Sharpe Ratio Rank: 37
MSCI Sortino Ratio Rank: 32
MSCI Omega Ratio Rank: 32
MSCI Calmar Ratio Rank: 38
MSCI Martin Ratio Rank: 37

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. MSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley (MS) 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.

	MS	MSCI	Difference
Sharpe ratio Return per unit of total volatility	1.48	-0.11	+1.59
Sortino ratio Return per unit of downside risk	1.97	0.05	+1.92
Omega ratio Gain probability vs. loss probability	1.29	1.01	+0.28
Calmar ratio Return relative to maximum drawdown	2.47	-0.12	+2.59
Martin ratio Return relative to average drawdown	7.75	-0.34	+8.09
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. MSCI - Sharpe Ratio Comparison

The current MS Sharpe Ratio is 1.48, which is higher than the MSCI Sharpe Ratio of -0.11. The chart below compares the historical Sharpe Ratios of MS and MSCI, 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	MSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.48	-0.11	+1.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.70	0.19	+0.51
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.75	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.53	-0.26

Correlation

The correlation between MS and MSCI is 0.44, 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. MSCI - Dividend Comparison

MS's dividend yield for the trailing twelve months is around 2.39%, more than MSCI's 1.38% 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%
MSCI MSCI Inc.	1.38%	1.25%	1.07%	0.98%	0.98%	0.59%	0.65%	0.98%	1.30%	1.04%	1.27%	1.11%

Drawdowns

MS vs. MSCI - Drawdown Comparison

The maximum MS drawdown since its inception was -88.12%, which is greater than MSCI's maximum drawdown of -69.06%. Use the drawdown chart below to compare losses from any high point for MS and MSCI.

Drawdown Indicators

	MS	MSCI	Difference
Max Drawdown Largest peak-to-trough decline	-88.12%	-69.06%	-19.06%
Max Drawdown (1Y) Largest decline over 1 year	-18.83%	-18.07%	-0.76%
Max Drawdown (5Y) Largest decline over 5 years	-32.38%	-43.74%	+11.36%
Max Drawdown (10Y) Largest decline over 10 years	-51.33%	-43.74%	-7.59%
Current Drawdown Current decline from peak	-13.47%	-16.20%	+2.73%
Average Drawdown Average peak-to-trough decline	-33.88%	-13.12%	-20.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.00%	6.48%	-0.48%

Volatility

MS vs. MSCI - Volatility Comparison

Morgan Stanley (MS) has a higher volatility of 8.31% compared to MSCI Inc. (MSCI) at 6.58%. This indicates that MS'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.

Volatility by Period

	MS	MSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.31%	6.58%	+1.73%
Volatility (6M) Calculated over the trailing 6-month period	20.70%	21.10%	-0.40%
Volatility (1Y) Calculated over the trailing 1-year period	30.56%	30.07%	+0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.58%	30.55%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.51%	31.03%	+0.48%

Financials

MS vs. MSCI - Profitability Comparison

The chart below illustrates the profitability comparison between Morgan Stanley and MSCI 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%.

MSCI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, MSCI Inc. reported a gross profit of 679.15M and revenue of 822.53M. Therefore, the gross margin over that period was 82.6%.

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%.

MSCI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, MSCI Inc. reported an operating income of 463.62M and revenue of 822.53M, resulting in an operating margin of 56.4%.

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%.

MSCI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, MSCI Inc. reported a net income of 284.67M and revenue of 822.53M, resulting in a net margin of 34.6%.