MS vs. UNH
MS (Morgan Stanley) and UNH (UnitedHealth Group Incorporated) are both stocks. MS operates in Capital Markets (Financial Services), while UNH operates in Healthcare Plans (Healthcare). Over the past 10 years, MS returned 27.13%/yr vs 13.15%/yr for UNH. At a 0.28 correlation, their price movements are largely independent.
Performance
MS vs. UNH - Performance Comparison
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Returns By Period
In the year-to-date period, MS achieves a 20.86% return, which is significantly lower than UNH's 24.12% return. Over the past 10 years, MS has outperformed UNH with an annualized return of 27.13%, while UNH has yielded a comparatively lower 13.15% annualized return.
MS
- 1D
- 0.15%
- 1M
- 9.92%
- YTD
- 20.86%
- 6M
- 21.34%
- 1Y
- 64.89%
- 3Y*
- 39.40%
- 5Y*
- 21.89%
- 10Y*
- 27.13%
UNH
- 1D
- 1.78%
- 1M
- 7.00%
- YTD
- 24.12%
- 6M
- 26.61%
- 1Y
- 37.87%
- 3Y*
- -4.40%
- 5Y*
- 2.00%
- 10Y*
- 13.15%
MS vs. UNH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MS Morgan Stanley | 20.86% | 45.16% | 39.73% | 13.93% | -10.34% | 46.65% | 38.09% | 32.67% | -22.76% | 26.61% |
UNH UnitedHealth Group Incorporated | 24.12% | -33.14% | -2.41% | 0.80% | 6.94% | 45.20% | 21.25% | 20.00% | 14.52% | 39.83% |
Correlation
The correlation between MS and UNH is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 1993 | 0.28 |
The correlation between MS and UNH shifts across timeframes, from 0.11 (3 years) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
MS:
$338.10B
UNH:
$369.98B
MS:
$11.41
UNH:
$13.23
MS:
18.59
UNH:
30.74
MS:
2.81
UNH:
0.82
MS:
3.23
UNH:
3.56
MS:
$120.22B
UNH:
$449.71B
MS:
$69.72B
UNH:
$84.55B
MS:
$27.21B
UNH:
$22.99B
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Return for Risk
MS vs. UNH — Risk / Return Rank
MS
UNH
MS vs. UNH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Morgan Stanley (MS) and UnitedHealth Group Incorporated (UNH). 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 | UNH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.60 | ||
| Sortino ratioReturn per unit of downside risk | +1.74 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.46 | 1.31 | +2.15 |
| Martin ratioReturn relative to average drawdown | 11.46 | 2.88 | +8.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MS | UNH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.55 | 0.95 | +1.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.77 | 0.06 | +0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.86 | 0.44 | +0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.64 | -0.35 |
Drawdowns
MS vs. UNH - Drawdown Comparison
The maximum MS drawdown since its inception was -88.12%, which is greater than UNH's maximum drawdown of -74.37%. Use the drawdown chart below to compare losses from any high point for MS and UNH.
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Drawdown Indicators
| MS | UNH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.12% | -74.37% | -13.75% |
Max Drawdown (1Y)Largest decline over 1 year | -18.83% | -28.96% | +10.13% |
Max Drawdown (3Y)Largest decline over 3 years | -29.24% | -61.39% | +32.15% |
Max Drawdown (5Y)Largest decline over 5 years | -32.38% | -61.39% | +29.01% |
Max Drawdown (10Y)Largest decline over 10 years | -51.33% | -61.39% | +10.06% |
Current DrawdownCurrent decline from peak | -2.76% | -32.60% | +29.84% |
Average DrawdownAverage peak-to-trough decline | -33.70% | -14.76% | -18.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.68% | 13.19% | -7.51% |
Volatility
MS vs. UNH - Volatility Comparison
Morgan Stanley (MS) and UnitedHealth Group Incorporated (UNH) have volatilities of 8.06% and 8.29%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MS | UNH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.06% | 8.29% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 21.21% | 30.87% | -9.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.62% | 40.17% | -14.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.72% | 31.87% | -3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.51% | 30.19% | +1.32% |
Dividends
MS vs. UNH - Dividend Comparison
MS's dividend yield for the trailing twelve months is around 1.88%, less than UNH's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MS Morgan Stanley | 1.88% | 2.17% | 2.82% | 3.49% | 3.47% | 2.14% | 2.04% | 2.54% | 2.77% | 1.72% | 1.66% | 1.73% |
UNH UnitedHealth Group Incorporated | 2.17% | 2.64% | 1.62% | 1.38% | 1.21% | 1.12% | 1.38% | 1.41% | 1.38% | 1.30% | 1.48% | 1.59% |
Financials
MS vs. UNH - Financials Comparison
This section allows you to compare key financial metrics between Morgan Stanley and UnitedHealth Group Incorporated. 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. UNH - 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%.
UNH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a gross profit of 25.41B and revenue of 111.72B. Therefore, the gross margin over that period was 22.7%.
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%.
UNH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported an operating income of 8.99B and revenue of 111.72B, resulting in an operating margin of 8.1%.
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%.
UNH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UnitedHealth Group Incorporated reported a net income of 6.28B and revenue of 111.72B, resulting in a net margin of 5.6%.
Frequently Asked Questions
MS and UNH have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UNH has higher volatility (8.29%) compared to MS (8.06%). In terms of maximum drawdown, MS dropped -88.12% vs UNH's -74.37%.
MS currently has the higher Sharpe Ratio (2.55 vs 0.95), 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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