SPGI vs. MCO
SPGI (S&P Global Inc.) and MCO (Moody's Corporation) are both stocks. Both operate in the Financial Data & Stock Exchanges industry within the Financial Services sector. Over the past 10 years, SPGI returned 14.16%/yr vs 17.61%/yr for MCO. Their 0.66 correlation means they have sometimes moved together and sometimes differently.
Performance
SPGI vs. MCO - Performance Comparison
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Returns By Period
In the year-to-date period, SPGI achieves a -20.81% return, which is significantly lower than MCO's -5.93% return. Over the past 10 years, SPGI has underperformed MCO with an annualized return of 14.16%, while MCO has yielded a comparatively higher 17.61% annualized return.
SPGI
- 1D
- -0.74%
- 1M
- -0.73%
- 6M
- -21.59%
- YTD
- -20.81%
- 1Y
- -24.63%
- 3Y*
- 1.95%
- 5Y*
- 0.04%
- 10Y*
- 14.16%
- ALL TIME*
- 12.79%
MCO
- 1D
- -0.80%
- 1M
- 2.14%
- 6M
- -6.79%
- YTD
- -5.93%
- 1Y
- -6.47%
- 3Y*
- 11.64%
- 5Y*
- 5.88%
- 10Y*
- 17.61%
- ALL TIME*
- 15.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $483.34M | $433.94M | $468.07M | |
SPGI S&P Global Inc. | $969.59M | $925.31M | $956.08M |
SPGI vs. MCO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -20.81% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
MCO Moody's Corporation | -5.93% | 8.74% | 22.17% | 41.52% | -27.80% | 35.57% | 23.26% | 71.26% | -4.10% | 58.53% |
Correlation
The correlation between SPGI and MCO is 0.86, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.86 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.66 |
The correlation between SPGI and MCO shifts across timeframes, from 0.66 (all time) to 0.86 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPGI:
$121.44B
MCO:
$82.86B
SPGI:
$16.41
MCO:
$15.70
SPGI:
25.10
MCO:
30.47
SPGI:
3.28
MCO:
3.98
SPGI:
7.66
MCO:
10.44
SPGI:
3.85
MCO:
27.82
SPGI:
$16.12B
MCO:
$8.16B
SPGI:
$8.45B
MCO:
$5.87B
SPGI:
$7.92B
MCO:
$4.00B
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Return for Risk
SPGI vs. MCO — Risk / Return Rank
SPGI
MCO
SPGI vs. MCO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) and Moody's Corporation (MCO). 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.
| SPGI | MCO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 0.86 | 0.98 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | -0.28 | -0.54 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.55 | -0.80 |
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Drawdowns
SPGI vs. MCO - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, smaller than the maximum MCO drawdown of -78.72%. Use the drawdown chart below to compare losses from any high point for SPGI and MCO.
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Drawdown Indicators
| SPGI | MCO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -78.72% | +4.05% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -23.61% | -6.87% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -24.65% | -5.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -41.66% | +1.90% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -42.02% | +2.26% |
Current DrawdownCurrent decline from peak | -26.37% | -10.94% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -15.27% | -17.73% | +2.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.28% | 11.79% | +6.49% |
Volatility
SPGI vs. MCO - Volatility Comparison
S&P Global Inc. (SPGI) has a higher volatility of 10.71% compared to Moody's Corporation (MCO) at 9.41%. This indicates that SPGI's price experiences larger fluctuations and is considered to be riskier than MCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGI | MCO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.71% | 9.41% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 25.67% | 23.32% | +2.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.83% | 28.03% | +1.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 26.71% | -1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.10% | 27.79% | -1.69% |
Dividends
SPGI vs. MCO - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.94%, more than MCO's 0.82% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCO Moody's Corporation | 0.82% | 0.74% | 0.72% | 0.79% | 1.26% | 0.63% | 0.77% | 0.84% | 1.26% | 1.03% | 1.57% | 1.36% |
SPGI S&P Global Inc. | 0.94% | 0.73% | 0.73% | 0.82% | 0.99% | 0.65% | 0.82% | 0.84% | 1.18% | 0.97% | 1.34% | 1.34% |
Financials
SPGI vs. MCO - Financials Comparison
This section allows you to compare key financial metrics between S&P Global Inc. and Moody's Corporation. 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
SPGI vs. MCO - Profitability Comparison
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.15B. Therefore, the gross margin over that period was 0.0%.
MCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Moody's Corporation reported a gross profit of 1.67B and revenue of 2.19B. Therefore, the gross margin over that period was 76.3%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, S&P Global Inc. reported an operating income of 1.81B and revenue of 4.15B, resulting in an operating margin of 43.7%.
MCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Moody's Corporation reported an operating income of 1.05B and revenue of 2.19B, resulting in an operating margin of 47.9%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, S&P Global Inc. reported a net income of 1.22B and revenue of 4.15B, resulting in a net margin of 29.4%.
MCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Moody's Corporation reported a net income of 878.00M and revenue of 2.19B, resulting in a net margin of 40.2%.
Frequently Asked Questions
SPGI and MCO have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPGI has higher volatility (10.71%) compared to MCO (9.41%). In terms of maximum drawdown, SPGI dropped -74.67% vs MCO's -78.72%.
MCO currently has the higher Sharpe Ratio (-0.23 vs -0.84), 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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