WBA vs. MS

Last updated Jun 3, 2026

WBA (Walgreens Boots Alliance, Inc.) and MS (Morgan Stanley) are both stocks. WBA operates in Pharmaceutical Retailers (Healthcare), while MS operates in Capital Markets (Financial Services). At a 0.32 correlation, their price movements are largely independent.

Performance

WBA vs. MS - Performance Comparison

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

Returns By Period

WBA

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MS

• 1D: 1.88%
• 1M: 13.05%
• YTD: 22.42%
• 6M: 28.53%
• 1Y: 71.47%
• 3Y*: 41.02%
• 5Y*: 22.02%
• 10Y*: 26.80%

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

WBA vs. MS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WBA Walgreens Boots Alliance, Inc.	0.00%	28.40%	-61.34%	-25.09%	-25.06%	35.78%	-29.38%	-10.99%	-3.65%	-10.51%
MS Morgan Stanley	22.42%	45.16%	39.73%	13.93%	-10.34%	46.65%	38.09%	32.67%	-22.76%	26.61%

Correlation

The correlation between WBA and MS is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.32
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Feb 24, 1993	0.32

The correlation between WBA and MS shifts across timeframes, from -0.04 (1 year) to 0.36 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Total Revenue (TTM) WBA : $154.58B MS : $120.22B
Gross Profit (TTM) WBA : $26.47B MS : $69.72B
EBITDA (TTM) WBA : -$2.92B MS : $27.21B

Return for Risk

WBA vs. MS — Risk / Return Rank

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

MS

MS Risk / Return Rank: 91
MS Sharpe Ratio Rank: 93
MS Sortino Ratio Rank: 91
MS Omega Ratio Rank: 92
MS Calmar Ratio Rank: 86
MS Martin Ratio Rank: 90

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.

WBA vs. MS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Walgreens Boots Alliance, Inc. (WBA) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	WBA	MS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.77	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.85	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.29	—

Drawdowns

Drawdown Indicators

	WBA	MS	Difference
Max Drawdown Largest peak-to-trough decline	—	-88.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-18.83%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-29.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.33%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-33.72%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.67%	—

Volatility

Volatility by Period

	WBA	MS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	20.69%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.07%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	28.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	31.48%	—

Dividends

WBA vs. MS - Dividend Comparison

WBA has not paid dividends to shareholders, while MS's dividend yield for the trailing twelve months is around 1.86%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MS Morgan Stanley	1.86%	2.17%	2.82%	3.49%	3.47%	2.14%	2.04%	2.54%	2.77%	1.72%	1.66%	1.73%
WBA Walgreens Boots Alliance, Inc.	0.00%	0.00%	10.72%	7.35%	5.13%	3.62%	4.64%	3.04%	2.46%	2.13%	1.78%	1.64%

Financials

Frequently Asked Questions

Can I hold both WBA and MS in my portfolio?

WBA and MS have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.