HOOD vs MS: Correlation
Robinhood Markets (HOOD) and Morgan Stanley (MS) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are HOOD and MS?
Across a 3-year window, the weekly returns of HOOD and MS correlate at 0.48, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.48 over 3. Stretching to 5 years gives 0.47, with an annualized covariance of 978.7 %².
Among the 39 assets we track against HOOD, MS ranks #21 by 3-year correlation. The last year tells two different stories: MS led by 40.5 percentage points, +6.6% for HOOD against +47.1% for MS. Across three years, the rolling one-year figure varied moderately, from 0.21 to 0.70. Note the risk asymmetry: HOOD runs 2.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
HOOD vs MS: side by side
| HOOD (Robinhood Markets) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +6.6% | +47.1% |
| 5-year return | +151.5% | +142.0% |
| Volatility (ann.) | 71.4% | 28.3% |
| Beta vs S&P 500 | 2.88 | 1.43 |
| Max drawdown (3Y) | -57.3% | -29.2% |
| Market cap | $98.7B | $337.5B |
| P/E (trailing) | 48.1 | 17.4 |
| Dividend yield | 0.00% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | HOOD | MS |
|---|---|---|
| 2022 | -54.2% | -10.3% |
| 2023 | +56.5% | +13.9% |
| 2024 | +192.5% | +39.7% |
| 2025 | +203.5% | +45.2% |
| 2026 | -3.0% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are HOOD and MS good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between HOOD and MS?
As of 2026-08-27, the correlation of weekly returns between HOOD and MS is 0.48 over 3 years, 0.44 over 1 year and 0.47 over 5 years.
Is MS a good diversifier for HOOD?
Yes, to a useful degree: a correlation of 0.48 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.48 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/hood-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/hood-vs-ms/)
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Related comparisons
Hubs: HOOD correlations · MS correlations
