BX vs MS: Correlation
How closely do Blackstone Inc. (BX) and Morgan Stanley (MS) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BX and MS?
On 3 years of weekly data the BX/MS correlation comes out at 0.66, strong. The link has loosened recently: the 1-year correlation (0.54) runs below the 3-year figure (0.66). The 5-year figure is 0.60, and annualized covariance runs at 633.7 %².
By 3-year correlation, MS places #10 of the 35 assets tracked against BX. The last year tells two different stories: MS led by 60.0 percentage points, -12.9% for BX against +47.1% for MS. The rolling one-year correlation stayed in a tight band between 0.55 and 0.77 over the past three years, which points to a structural rather than episodic relationship.
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.
BX vs MS: side by side
| BX (Blackstone Inc.) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | -12.9% | +47.1% |
| 5-year return | +37.5% | +142.0% |
| Volatility (ann.) | 34.0% | 28.3% |
| Beta vs S&P 500 | 1.36 | 1.43 |
| Max drawdown (3Y) | -46.5% | -29.2% |
| Market cap | $171.7B | $337.5B |
| P/E (trailing) | 32.1 | 17.4 |
| Dividend yield | 3.65% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | BX | MS |
|---|---|---|
| 2022 | -40.0% | -10.3% |
| 2023 | +82.7% | +13.9% |
| 2024 | +35.1% | +39.7% |
| 2025 | -7.8% | +45.2% |
| 2026 | -3.9% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BX and MS good diversifiers for each other?
To a limited degree. At 0.66 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 BX and MS?
As of 2026-08-27, the correlation of weekly returns between BX and MS is 0.66 over 3 years, 0.54 over 1 year and 0.60 over 5 years.
Is MS a good diversifier for BX?
To a limited degree. At 0.66 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 0.66 mean?
A reading of 0.66 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/bx-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bx-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BX correlations · MS correlations
