SPGI vs. MORN
SPGI (S&P Global Inc.) and MORN (Morningstar, Inc.) are both stocks. Both operate in the Financial Data & Stock Exchanges industry within the Financial Services sector. Over the past 10 years, SPGI returned 15.70%/yr vs 8.88%/yr for MORN. At a 0.48 correlation, their price movements are largely independent.
Performance
SPGI vs. MORN - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPGI having a -19.47% return and MORN slightly higher at -18.94%. Over the past 10 years, SPGI has outperformed MORN with an annualized return of 15.70%, while MORN has yielded a comparatively lower 8.88% annualized return.
SPGI
- 1D
- 1.35%
- 1M
- 3.28%
- YTD
- -19.47%
- 6M
- -16.00%
- 1Y
- -16.50%
- 3Y*
- 3.19%
- 5Y*
- 2.16%
- 10Y*
- 15.70%
MORN
- 1D
- -1.09%
- 1M
- 5.41%
- YTD
- -18.94%
- 6M
- -17.73%
- 1Y
- -42.15%
- 3Y*
- -4.38%
- 5Y*
- -5.16%
- 10Y*
- 8.88%
SPGI vs. MORN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPGI S&P Global Inc. | -19.47% | 5.71% | 13.94% | 32.79% | -28.38% | 44.68% | 21.40% | 62.27% | 1.37% | 59.32% |
MORN Morningstar, Inc. | -18.94% | -35.05% | 18.29% | 33.10% | -36.31% | 48.23% | 54.54% | 38.93% | 14.34% | 33.38% |
Correlation
The correlation between SPGI and MORN is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 3, 2005 | 0.48 |
The correlation between SPGI and MORN shifts across timeframes, from 0.48 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SPGI:
$124.67B
MORN:
$6.89B
SPGI:
$15.79
MORN:
$9.74
SPGI:
26.53
MORN:
17.99
SPGI:
3.47
MORN:
0.36
SPGI:
8.06
MORN:
2.89
SPGI:
3.98
MORN:
6.76
SPGI:
$15.73B
MORN:
$2.51B
SPGI:
$8.15B
MORN:
$1.55B
SPGI:
$7.83B
MORN:
$743.90M
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Return for Risk
SPGI vs. MORN — Risk / Return Rank
SPGI
MORN
SPGI vs. MORN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) and Morningstar, Inc. (MORN). 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 | MORN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.77 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.54 | -0.83 | +0.29 |
| Martin ratioReturn relative to average drawdown | -1.03 | -1.28 | +0.25 |
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Drawdowns
SPGI vs. MORN - Drawdown Comparison
The maximum SPGI drawdown since its inception was -74.67%, which is greater than MORN's maximum drawdown of -67.92%. Use the drawdown chart below to compare losses from any high point for SPGI and MORN.
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Drawdown Indicators
| SPGI | MORN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.67% | -67.92% | -6.75% |
Max Drawdown (1Y)Largest decline over 1 year | -30.48% | -50.65% | +20.17% |
Max Drawdown (3Y)Largest decline over 3 years | -30.48% | -56.70% | +26.22% |
Max Drawdown (5Y)Largest decline over 5 years | -39.76% | -56.70% | +16.94% |
Max Drawdown (10Y)Largest decline over 10 years | -39.76% | -56.70% | +16.94% |
Current DrawdownCurrent decline from peak | -25.12% | -50.59% | +25.47% |
Average DrawdownAverage peak-to-trough decline | -15.23% | -18.36% | +3.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.07% | 33.06% | -16.99% |
Volatility
SPGI vs. MORN - Volatility Comparison
The current volatility for S&P Global Inc. (SPGI) is 7.62%, while Morningstar, Inc. (MORN) has a volatility of 13.64%. This indicates that SPGI experiences smaller price fluctuations and is considered to be less risky than MORN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPGI | MORN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.62% | 13.64% | -6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 24.13% | 31.02% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.63% | 34.60% | -6.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.51% | 30.76% | -6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.03% | 27.78% | -1.75% |
Dividends
SPGI vs. MORN - Dividend Comparison
SPGI's dividend yield for the trailing twelve months is around 0.92%, less than MORN's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MORN Morningstar, Inc. | 1.09% | 0.84% | 0.48% | 0.52% | 0.66% | 0.28% | 0.65% | 0.74% | 0.91% | 0.95% | 1.20% | 0.95% |
SPGI S&P Global Inc. | 0.92% | 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. MORN - Financials Comparison
This section allows you to compare key financial metrics between S&P Global Inc. and Morningstar, 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
SPGI vs. MORN - Profitability Comparison
SPGI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a gross profit of 0.00 and revenue of 4.17B. Therefore, the gross margin over that period was 0.0%.
MORN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a gross profit of 405.90M and revenue of 644.80M. Therefore, the gross margin over that period was 63.0%.
SPGI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported an operating income of 2.00B and revenue of 4.17B, resulting in an operating margin of 48.0%.
MORN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported an operating income of 900.00K and revenue of 644.80M, resulting in an operating margin of 0.1%.
SPGI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, S&P Global Inc. reported a net income of 1.40B and revenue of 4.17B, resulting in a net margin of 33.5%.
MORN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Morningstar, Inc. reported a net income of 107.10M and revenue of 644.80M, resulting in a net margin of 16.6%.
Frequently Asked Questions
SPGI and MORN have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MORN has higher volatility (13.64%) compared to SPGI (7.62%). In terms of maximum drawdown, SPGI dropped -74.67% vs MORN's -67.92%.
SPGI currently has the higher Sharpe Ratio (-0.60 vs -1.22), 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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