AMP vs MS: Correlation
How closely do Ameriprise Financial (AMP) and Morgan Stanley (MS) trade together? Their weekly returns over three years give a correlation of 0.72, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMP and MS?
Across a 3-year window, the weekly returns of AMP and MS correlate at 0.72, strong. Lately the two have drifted apart, with the 1-year correlation at 0.41 versus 0.72 over 3 years. Stretching to 5 years gives 0.72, with an annualized covariance of 506.4 %².
By 3-year correlation, MS places #4 of the 34 assets tracked against AMP. Correlation aside, the last 12 months split them widely, with MS ahead by 38.4 points (+8.7% versus +47.1%). Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.89.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AMP vs MS: side by side
| AMP (Ameriprise Financial) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +8.7% | +47.1% |
| 5-year return | +119.2% | +142.0% |
| Volatility (ann.) | 25.0% | 28.3% |
| Beta vs S&P 500 | 1.09 | 1.43 |
| Max drawdown (3Y) | -26.4% | -29.2% |
| Market cap | $49.1B | $337.5B |
| P/E (trailing) | 13.5 | 17.4 |
| Dividend yield | 1.16% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | AMP | MS |
|---|---|---|
| 2022 | +5.0% | -10.3% |
| 2023 | +24.0% | +13.9% |
| 2024 | +42.1% | +39.7% |
| 2025 | -6.7% | +45.2% |
| 2026 | +14.5% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMP and MS good diversifiers for each other?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AMP and MS?
Using weekly returns as of 2026-08-27: 0.72 over 3 years, with 0.41 over the last year and 0.72 over 5 years.
Is MS a good diversifier for AMP?
To a limited degree. At 0.72 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.72 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/amp-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/amp-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMP correlations · MS correlations
