NRIM vs. MS

Last updated Jun 4, 2026

NRIM (Northrim BanCorp, Inc.) and MS (Morgan Stanley) are both stocks. Both are in the Financial Services sector — NRIM in Banks - Regional, MS in Capital Markets. Over the past 10 years, NRIM returned 17.91%/yr vs 26.51%/yr for MS. At a 0.21 correlation, their price movements are largely independent.

Performance

NRIM vs. MS - Performance Comparison

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

Returns By Period

In the year-to-date period, NRIM achieves a -10.23% return, which is significantly lower than MS's 19.66% return. Over the past 10 years, NRIM has underperformed MS with an annualized return of 17.91%, while MS has yielded a comparatively higher 26.51% annualized return.

NRIM

• 1D: -2.39%
• 1M: -1.00%
• YTD: -10.23%
• 6M: -3.54%
• 1Y: 6.90%
• 3Y*: 38.48%
• 5Y*: 20.88%
• 10Y*: 17.91%

MS

• 1D: -2.25%
• 1M: 11.77%
• YTD: 19.66%
• 6M: 22.29%
• 1Y: 67.25%
• 3Y*: 39.95%
• 5Y*: 21.31%
• 10Y*: 26.51%

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

NRIM vs. MS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NRIM Northrim BanCorp, Inc.	-10.23%	40.49%	41.92%	10.39%	30.72%	32.47%	-7.18%	20.60%	-0.26%	10.12%
MS Morgan Stanley	19.66%	45.16%	39.73%	13.93%	-10.34%	46.65%	38.09%	32.67%	-22.76%	26.61%

Correlation

The correlation between NRIM and MS is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Oct 26, 1993	0.21

The correlation between NRIM and MS shifts across timeframes, from 0.21 (all time) to 0.44 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NRIM : $535.77M MS : $334.75B
EPS NRIM : $2.89 MS : $11.41
PE Ratio NRIM : 8.22 MS : 18.41
PEG Ratio NRIM : 0.35 MS : 1.73
PS Ratio NRIM : 2.31 MS : 2.78
PB Ratio NRIM : 1.60 MS : 3.20
Total Revenue (TTM) NRIM : $231.67M MS : $120.22B
Gross Profit (TTM) NRIM : $150.57M MS : $69.72B
EBITDA (TTM) NRIM : $85.22M MS : $27.21B

Return for Risk

NRIM vs. MS — Risk / Return Rank

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

NRIM

NRIM Risk / Return Rank: 45
NRIM Sharpe Ratio Rank: 48
NRIM Sortino Ratio Rank: 42
NRIM Omega Ratio Rank: 42
NRIM Calmar Ratio Rank: 47
NRIM Martin Ratio Rank: 46

MS

MS Risk / Return Rank: 89
MS Sharpe Ratio Rank: 93
MS Sortino Ratio Rank: 90
MS Omega Ratio Rank: 90
MS Calmar Ratio Rank: 85
MS Martin Ratio Rank: 89

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.

NRIM vs. MS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Northrim BanCorp, Inc. (NRIM) and Morgan Stanley (MS). 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.

	NRIM	MS	Difference
Sharpe ratio Return per unit of total volatility	0.20	2.68	-2.49
Sortino ratio Return per unit of downside risk	0.50	3.29	-2.79
Omega ratio Gain probability vs. loss probability	1.07	1.45	-0.38
Calmar ratio Return relative to maximum drawdown	0.28	3.59	-3.31
Martin ratio Return relative to average drawdown	0.53	11.89	-11.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NRIM vs. MS - Sharpe Ratio Comparison

The current NRIM Sharpe Ratio is 0.20, which is lower than the MS Sharpe Ratio of 2.68. The chart below compares the historical Sharpe Ratios of NRIM and MS, 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

	NRIM	MS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	2.68	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.75	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.85	-0.37
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.29	-0.01

Drawdowns

NRIM vs. MS - Drawdown Comparison

The maximum NRIM drawdown since its inception was -74.58%, smaller than the maximum MS drawdown of -88.12%. Use the drawdown chart below to compare losses from any high point for NRIM and MS.

Drawdown Indicators

	NRIM	MS	Difference
Max Drawdown Largest peak-to-trough decline	-74.58%	-88.12%	+13.54%
Max Drawdown (1Y) Largest decline over 1 year	-24.94%	-18.83%	-6.11%
Max Drawdown (3Y) Largest decline over 3 years	-24.94%	-29.24%	+4.30%
Max Drawdown (5Y) Largest decline over 5 years	-37.20%	-32.38%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	-54.04%	-51.33%	-2.71%
Current Drawdown Current decline from peak	-19.73%	-2.25%	-17.48%
Average Drawdown Average peak-to-trough decline	-17.31%	-33.72%	+16.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.13%	5.67%	+7.46%

Volatility

NRIM vs. MS - Volatility Comparison

Northrim BanCorp, Inc. (NRIM) and Morgan Stanley (MS) have volatilities of 7.27% and 6.98%, 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.

Volatility by Period

	NRIM	MS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.27%	6.98%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	27.63%	20.82%	+6.81%
Volatility (1Y) Calculated over the trailing 1-year period	35.35%	25.19%	+10.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.40%	28.65%	+4.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.50%	31.48%	+6.02%

Dividends

NRIM vs. MS - Dividend Comparison

NRIM's dividend yield for the trailing twelve months is around 2.70%, more than MS's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MS Morgan Stanley	1.90%	2.17%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%	1.72%	1.66%	1.73%
NRIM Northrim BanCorp, Inc.	2.70%	2.41%	3.16%	4.20%	3.34%	3.45%	4.06%	3.29%	3.10%	2.54%	2.47%	2.78%

Financials

NRIM vs. MS - Profitability Comparison

The chart below illustrates the profitability comparison between Northrim BanCorp, Inc. and Morgan Stanley over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NRIM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported a gross profit of 0.00 and revenue of 44.90M. Therefore, the gross margin over that period was 0.0%.

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%.

NRIM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported an operating income of 14.88M and revenue of 44.90M, resulting in an operating margin of 33.1%.

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%.

NRIM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northrim BanCorp, Inc. reported a net income of 13.68M and revenue of 44.90M, resulting in a net margin of 30.5%.

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%.

Frequently Asked Questions

Can I hold both NRIM and MS in my portfolio?

NRIM and MS have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NRIM or MS?

NRIM has higher volatility (7.27%) compared to MS (6.98%). In terms of maximum drawdown, NRIM dropped -74.58% vs MS's -88.12%.

Which has better risk-adjusted returns?

MS currently has the higher Sharpe Ratio (2.68 vs 0.20), 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.