IVZ vs MS: Correlation
Invesco (IVZ) and Morgan Stanley (MS) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are IVZ and MS?
On 3 years of weekly data the IVZ/MS correlation comes out at 0.65, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.65). The 5-year figure is 0.64, and annualized covariance runs at 598.9 %².
Within IVZ's tracked universe of 33 assets, MS comes in at #10 by 3-year correlation. On 12-month performance IVZ holds a 8.8-point edge, +55.9% against +47.1%. Across three years, the rolling one-year figure varied moderately, from 0.38 to 0.77.
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.
IVZ vs MS: side by side
| IVZ (Invesco) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | +55.9% | +47.1% |
| 5-year return | +63.7% | +142.0% |
| Volatility (ann.) | 32.6% | 28.3% |
| Beta vs S&P 500 | 1.29 | 1.43 |
| Max drawdown (3Y) | -36.5% | -29.2% |
| Market cap | $14.7B | $337.5B |
| P/E (trailing) | – | 17.4 |
| Dividend yield | 2.58% | 1.94% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | IVZ | MS |
|---|---|---|
| 2022 | -18.7% | -10.3% |
| 2023 | +4.2% | +13.9% |
| 2024 | +3.0% | +39.7% |
| 2025 | +56.9% | +45.2% |
| 2026 | +29.7% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IVZ and MS good diversifiers for each other?
Only partially. A correlation of 0.65 means IVZ 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 IVZ and MS?
The IVZ/MS correlation stands at 0.65 on a 3-year window (1 year: 0.48, 5 years: 0.64), computed from weekly returns as of 2026-08-27.
Is MS a good diversifier for IVZ?
Only partially. A correlation of 0.65 means IVZ 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 0.65 mean?
A reading of 0.65 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/ivz-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ivz-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: IVZ correlations · MS correlations
