MC vs MS: Correlation
Measured on weekly returns over the past three years, Moelis & Company (MC) and Morgan Stanley (MS) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MC and MS?
Across a 3-year window, the weekly returns of MC and MS correlate at 0.73, strong. The past 12 months show a weaker link (0.61) than the 3-year average (0.73). Stretching to 5 years gives 0.67, with an annualized covariance of 725.1 %².
Within MC's tracked universe of 14 assets, MS comes in at #5 by 3-year correlation. The last year tells two different stories: MS led by 48.6 percentage points, -1.5% for MC against +47.1% for MS.
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.
MC vs MS: side by side
| MC (Moelis & Company) | MS (Morgan Stanley) | |
|---|---|---|
| 1-year return | -1.5% | +47.1% |
| 5-year return | +42.5% | +142.0% |
| Volatility (ann.) | 35.1% | 28.3% |
| Beta vs S&P 500 | 1.41 | 1.43 |
| Max drawdown (3Y) | -39.3% | -29.2% |
| Market cap | $5.1B | $337.5B |
| P/E (trailing) | 23.4 | 17.4 |
| Dividend yield | 3.87% | 1.94% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | MC | MS |
|---|---|---|
| 2022 | -35.2% | -10.3% |
| 2023 | +54.9% | +13.9% |
| 2024 | +37.1% | +39.7% |
| 2025 | -3.1% | +45.2% |
| 2026 | +2.9% | +23.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MC and MS good diversifiers for each other?
Only partially. A correlation of 0.73 means MC 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 MC and MS?
As of 2026-08-27, the correlation of weekly returns between MC and MS is 0.73 over 3 years, 0.61 over 1 year and 0.67 over 5 years.
Is MS a good diversifier for MC?
Only partially. A correlation of 0.73 means MC 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 0.73 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/mc-vs-ms.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/mc-vs-ms/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: MC correlations · MS correlations
