BJ vs MS: Correlation
BJ's Wholesale Club Holdings, Inc. (BJ) and Morgan Stanley (MS) show a negative relationship: their 3-year correlation of weekly returns is -0.16.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BJ and MS?
On 3 years of weekly data the BJ/MS correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.42) runs below the 3-year figure (-0.16). The 5-year figure is 0.03, and annualized covariance runs at -122.5 %².
Among the 43 assets we track against BJ, MS ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MS ahead by 54.0 points (-6.9% versus +47.1%).
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.
BJ vs MS: side by side
| BJ (BJ's Wholesale Club Holdings, Inc.) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | -6.9% | +47.1% |
| 5-year return | +59.5% | +142.0% |
| Volatility (ann.) | 26.4% | 28.3% |
| Beta vs S&P 500 | -0.14 | 1.43 |
| Max drawdown (3Y) | -30.1% | -29.2% |
| Market cap | $11.4B | $337.5B |
| P/E (trailing) | 20.4 | 17.4 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | BJ | MS |
|---|---|---|
| 2022 | -1.2% | -10.3% |
| 2023 | +0.8% | +13.9% |
| 2024 | +34.0% | +39.7% |
| 2025 | +0.8% | +45.2% |
| 2026 | +0.5% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BJ and MS good diversifiers for each other?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
FAQ
What is the correlation between BJ and MS?
The BJ/MS correlation stands at -0.16 on a 3-year window (1 year: -0.42, 5 years: 0.03), computed from weekly returns as of 2026-08-27.
Is MS a good diversifier for BJ?
By historical standards, yes. A correlation of -0.16 means the two rarely move for the same reasons.
What does a correlation of -0.16 mean?
A reading of -0.16 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bj-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bj-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BJ correlations · MS correlations
