MS vs. SLF
MS (Morgan Stanley) and SLF (Sun Life Financial Inc.) are both stocks. Both are in the Financial Services sector — MS in Capital Markets, SLF in Insurance - Diversified. Over the past 10 years, MS returned 27.71%/yr vs 13.18%/yr for SLF. At a 0.48 correlation, their price movements are largely independent.
Performance
MS vs. SLF - Performance Comparison
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Returns By Period
In the year-to-date period, MS achieves a 21.88% return, which is significantly lower than SLF's 25.30% return. Over the past 10 years, MS has outperformed SLF with an annualized return of 27.71%, while SLF has yielded a comparatively lower 13.18% 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%
SLF
- 1D
- 1.05%
- 1M
- 7.59%
- YTD
- 25.30%
- 6M
- 29.43%
- 1Y
- 24.27%
- 3Y*
- 19.96%
- 5Y*
- 12.61%
- 10Y*
- 13.18%
MS vs. SLF - 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% |
SLF Sun Life Financial Inc. | 25.30% | 9.72% | 19.48% | 17.77% | -12.89% | 29.71% | 1.55% | 42.69% | -16.37% | 11.18% |
Correlation
The correlation between MS and SLF is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2000 | 0.48 |
Over the past year, the correlation between MS and SLF has dropped to 0.28 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
Fundamentals
MS:
$340.97B
SLF:
$30.85B
MS:
$11.41
SLF:
CA$6.22
MS:
18.75
SLF:
17.21
MS:
2.84
SLF:
1.43
MS:
3.26
SLF:
1.89
MS:
$120.22B
SLF:
CA$39.40B
MS:
$69.72B
SLF:
CA$20.48B
MS:
$27.21B
SLF:
CA$4.74B
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Return for Risk
MS vs. SLF — Risk / Return Rank
MS
SLF
MS vs. SLF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley (MS) and Sun Life Financial Inc. (SLF). 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 | SLF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.66 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 1.55 | +1.98 |
| Martin ratioReturn relative to average drawdown | 11.65 | 3.34 | +8.31 |
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Drawdowns
MS vs. SLF - Drawdown Comparison
The maximum MS drawdown since its inception was -88.12%, which is greater than SLF's maximum drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for MS and SLF.
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Drawdown Indicators
| MS | SLF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.12% | -78.60% | -9.52% |
Max Drawdown (1Y)Largest decline over 1 year | -18.83% | -14.91% | -3.92% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | -14.91% | -14.33% |
Max Drawdown (5Y)Largest decline over 5 years | -32.38% | -30.77% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -50.84% | -0.49% |
Current DrawdownCurrent decline from peak | -1.94% | 0.00% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -33.69% | -16.86% | -16.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.70% | 6.90% | -1.20% |
Volatility
MS vs. SLF - Volatility Comparison
Morgan Stanley (MS) has a higher volatility of 8.62% compared to Sun Life Financial Inc. (SLF) at 4.82%. This indicates that MS's price experiences larger fluctuations and is considered to be riskier than SLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MS | SLF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.62% | 4.82% | +3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 21.46% | 14.14% | +7.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.81% | 20.20% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.75% | 19.44% | +9.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 22.88% | +8.63% |
Dividends
MS vs. SLF - Dividend Comparison
MS's dividend yield for the trailing twelve months is around 1.87%, less than SLF's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SLF Sun Life Financial Inc. | 3.47% | 4.03% | 4.00% | 4.98% | 4.59% | 3.32% | 3.69% | 3.47% | 4.71% | 3.17% | 3.98% | 4.64% |
Financials
MS vs. SLF - Financials Comparison
This section allows you to compare key financial metrics between Morgan Stanley and Sun Life Financial 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
MS vs. SLF - Profitability Comparison
MS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported a gross profit of 20.48B and revenue of 33.15B. Therefore, the gross margin over that period was 61.8%.
SLF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported a gross profit of 8.88B and revenue of 8.88B. Therefore, the gross margin over that period was 100.0%.
MS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported an operating income of 7.01B and revenue of 33.15B, resulting in an operating margin of 21.2%.
SLF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported an operating income of 633.63M and revenue of 8.88B, resulting in an operating margin of 7.1%.
MS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morgan Stanley reported a net income of 5.64B and revenue of 33.15B, resulting in a net margin of 17.0%.
SLF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sun Life Financial Inc. reported a net income of 537.39M and revenue of 8.88B, resulting in a net margin of 6.1%.
Frequently Asked Questions
MS and SLF have a correlation of 0.28, 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 SLF (4.82%). In terms of maximum drawdown, MS dropped -88.12% vs SLF's -78.60%.
MS currently has the higher Sharpe Ratio (2.58 vs 1.14), 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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