MSADY vs. UNCRY

Last updated Jun 9, 2026

MSADY (MS&AD Insurance Group Holdings PK) and UNCRY (UniCredit SpA ADR) are both stocks. Both are in the Financial Services sector — MSADY in Insurance - Property & Casualty, UNCRY in Banks - Regional. Over the past 5 years, MSADY returned 23.00%/yr vs 52.37%/yr for UNCRY. At a 0.28 correlation, their price movements are largely independent.

Performance

MSADY vs. UNCRY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MS&AD Insurance Group Holdings PK (MSADY) and UniCredit SpA ADR (UNCRY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MSADY achieves a 18.65% return, which is significantly higher than UNCRY's 1.37% return.

MSADY

• 1D: 4.16%
• 1M: 9.36%
• YTD: 18.65%
• 6M: 21.96%
• 1Y: 15.21%
• 3Y*: 32.88%
• 5Y*: 23.00%
• 10Y*: 12.97%

UNCRY

• 1D: -1.72%
• 1M: -1.18%
• YTD: 1.37%
• 6M: 11.27%
• 1Y: 29.46%
• 3Y*: 69.24%
• 5Y*: 52.37%
• 10Y*: —

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

MSADY vs. UNCRY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSADY MS&AD Insurance Group Holdings PK	18.65%	9.99%	70.58%	23.02%	3.31%	0.52%	-6.76%	16.74%	-16.97%	0.65%
UNCRY UniCredit SpA ADR	1.37%	118.78%	57.92%	103.38%	-2.49%	71.06%	-37.52%	30.84%	-40.77%	0.52%

Correlation

The correlation between MSADY and UNCRY is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (All Time) Calculated using the full available price history since Dec 20, 2017	0.28

The correlation between MSADY and UNCRY shifts across timeframes, from 0.26 (5 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MSADY : $40.27B UNCRY : $123.77B
EPS MSADY : $537.41 UNCRY : $3.58
PE Ratio MSADY : 0.05 UNCRY : 11.45
PEG Ratio MSADY : 0.00 UNCRY : 0.14
PS Ratio MSADY : 0.01 UNCRY : 5.49
PB Ratio MSADY : 0.01 UNCRY : 1.81
Total Revenue (TTM) MSADY : $7.75T UNCRY : $24.09B
Gross Profit (TTM) MSADY : $5.06T UNCRY : $23.20B
EBITDA (TTM) MSADY : $782.77B UNCRY : $14.22B

Return for Risk

MSADY vs. UNCRY — Risk / Return Rank

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

MSADY

MSADY Risk / Return Rank: 59
MSADY Sharpe Ratio Rank: 62
MSADY Sortino Ratio Rank: 56
MSADY Omega Ratio Rank: 53
MSADY Calmar Ratio Rank: 61
MSADY Martin Ratio Rank: 60

UNCRY

UNCRY Risk / Return Rank: 66
UNCRY Sharpe Ratio Rank: 70
UNCRY Sortino Ratio Rank: 65
UNCRY Omega Ratio Rank: 62
UNCRY Calmar Ratio Rank: 64
UNCRY Martin Ratio Rank: 68

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.

MSADY vs. UNCRY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MS&AD Insurance Group Holdings PK (MSADY) and UniCredit SpA ADR (UNCRY). 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.

	MSADY	UNCRY	Difference
Sharpe ratio: Return per unit of total volatility	0.59	0.88	-0.29
Sortino ratio: Return per unit of downside risk	1.03	1.41	-0.38
Omega ratio: Gain probability vs. loss probability	1.12	1.17	-0.05
Calmar ratio: Return relative to maximum drawdown	0.87	1.09	-0.22
Martin ratio: Return relative to average drawdown	1.82	3.07	-1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSADY vs. UNCRY - Sharpe Ratio Comparison

The current MSADY Sharpe Ratio is 0.59, which is lower than the UNCRY Sharpe Ratio of 0.88. The chart below compares the historical Sharpe Ratios of MSADY and UNCRY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MSADY	UNCRY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.59	0.88	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	1.34	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.55	-0.27

Drawdowns

MSADY vs. UNCRY - Drawdown Comparison

The maximum MSADY drawdown since its inception was -50.41%, smaller than the maximum UNCRY drawdown of -70.20%. Use the drawdown chart below to compare losses from any high point for MSADY and UNCRY.

Drawdown Indicators

	MSADY	UNCRY	Difference
Max Drawdown Largest peak-to-trough decline	-50.41%	-70.20%	+19.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.55%	-27.25%	+9.70%
Max Drawdown (3Y) Largest decline over 3 years	-21.28%	-27.25%	+5.97%
Max Drawdown (5Y) Largest decline over 5 years	-29.89%	-50.77%	+20.88%
Max Drawdown (10Y) Largest decline over 10 years	-33.77%	—	—
Current Drawdown Current decline from peak	-2.46%	-9.93%	+7.47%
Average Drawdown Average peak-to-trough decline	-15.39%	-27.47%	+12.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.39%	9.62%	-1.23%

Volatility

MSADY vs. UNCRY - Volatility Comparison

MS&AD Insurance Group Holdings PK (MSADY) has a higher volatility of 11.35% compared to UniCredit SpA ADR (UNCRY) at 7.83%. This indicates that MSADY's price experiences larger fluctuations and is considered to be riskier than UNCRY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSADY	UNCRY	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.35%	7.83%	+3.52%
Volatility (6M) Calculated over the trailing 6-month period	20.47%	27.40%	-6.93%
Volatility (1Y) Calculated over the trailing 1-year period	26.05%	33.69%	-7.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.40%	39.30%	-10.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.05%	42.27%	-16.22%

Dividends

MSADY vs. UNCRY - Dividend Comparison

MSADY has not paid dividends to shareholders, while UNCRY's dividend yield for the trailing twelve months is around 4.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
MSADY MS&AD Insurance Group Holdings PK	0.00%	2.13%	2.21%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.84%	3.11%
UNCRY UniCredit SpA ADR	4.42%	4.00%	7.31%	3.91%	4.01%	0.94%	0.00%	1.37%	2.29%	0.00%	0.00%

Financials

MSADY vs. UNCRY - Profitability Comparison

The chart below illustrates the profitability comparison between MS&AD Insurance Group Holdings PK and UniCredit SpA ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MSADY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a gross profit of 547.42B and revenue of 1.46T. Therefore, the gross margin over that period was 37.4%.

UNCRY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a gross profit of 6.62B and revenue of 7.05B. Therefore, the gross margin over that period was 93.9%.

MSADY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported an operating income of 182.21B and revenue of 1.46T, resulting in an operating margin of 12.5%.

UNCRY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported an operating income of 4.38B and revenue of 7.05B, resulting in an operating margin of 62.2%.

MSADY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, MS&AD Insurance Group Holdings PK reported a net income of 132.63B and revenue of 1.46T, resulting in a net margin of 9.1%.

UNCRY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, UniCredit SpA ADR reported a net income of 3.32B and revenue of 7.05B, resulting in a net margin of 47.1%.

Frequently Asked Questions

Can I hold both MSADY and UNCRY in my portfolio?

MSADY and UNCRY have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MSADY or UNCRY?

MSADY has higher volatility (11.35%) compared to UNCRY (7.83%). In terms of maximum drawdown, MSADY dropped -50.41% vs UNCRY's -70.20%.

Which has better risk-adjusted returns?

UNCRY currently has the higher Sharpe Ratio (0.88 vs 0.59), 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.