C vs MS: Correlation
Citigroup (C) and Morgan Stanley (MS) show a strong relationship: their 3-year correlation of weekly returns is 0.77.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are C and MS?
Across a 3-year window, the weekly returns of C and MS correlate at 0.77, strong. Little has changed lately, as the 1-year reading of 0.74 lands near the 3-year figure. Stretching to 5 years gives 0.77, with an annualized covariance of 660.2 %².
By 3-year correlation, MS places #6 of the 33 assets tracked against C. On 12-month performance MS holds a 7.2-point edge, +39.9% against +47.1%. The rolling one-year correlation moved between 0.56 and 0.90 over the past three years, a moderate range.
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.
C vs MS: side by side
| C (Citigroup) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +39.9% | +47.1% |
| 5-year return | +119.6% | +142.0% |
| Volatility (ann.) | 30.3% | 28.3% |
| Beta vs S&P 500 | 1.39 | 1.43 |
| Max drawdown (3Y) | -31.3% | -29.2% |
| Market cap | $222.6B | $337.5B |
| P/E (trailing) | 14.4 | 17.4 |
| Dividend yield | 1.80% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | C | MS |
|---|---|---|
| 2022 | -22.1% | -10.3% |
| 2023 | +19.0% | +13.9% |
| 2024 | +41.9% | +39.7% |
| 2025 | +70.4% | +45.2% |
| 2026 | +15.4% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are C and MS good diversifiers for each other?
Only partially. A correlation of 0.77 means C and MS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between C and MS?
The C/MS correlation stands at 0.77 on a 3-year window (1 year: 0.74, 5 years: 0.77), computed from weekly returns as of 2026-08-27.
Is MS a good diversifier for C?
Only partially. A correlation of 0.77 means C and MS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.77 mean?
A reading of 0.77 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/c-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/c-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: C correlations · MS correlations
