MORN vs MSCI: Correlation
Measured on weekly returns over the past three years, Morningstar, Inc. (MORN) and MSCI (MSCI) carry a correlation of 0.55, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MORN and MSCI?
Over the past 3 years, MORN and MSCI moved with a correlation of 0.55, which is moderate. The relationship has been stable: the 1-year correlation (0.54) sits close to the 3-year figure. Over 5 years the correlation is 0.66, and the annualized covariance of weekly returns is 421.8 %².
By 3-year correlation, MSCI places #11 of the 21 assets tracked against MORN. Correlation aside, the last 12 months split them widely, with MSCI ahead by 17.9 points (-16.6% versus +1.3%).
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.
MORN vs MSCI: side by side
| MORN (Morningstar, Inc.) | MSCI (MSCI) | |
|---|---|---|
| 1-year return | -16.6% | +1.3% |
| 5-year return | -15.1% | -5.6% |
| Volatility (ann.) | 30.5% | 25.4% |
| Beta vs S&P 500 | 0.77 | 0.85 |
| Max drawdown (3Y) | -60.0% | -26.0% |
| Market cap | $8.2B | $41.4B |
| P/E (trailing) | 20.2 | 30.9 |
| Dividend yield | 0.92% | 1.36% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | MORN | MSCI |
|---|---|---|
| 2022 | -36.3% | -23.3% |
| 2023 | +33.1% | +22.9% |
| 2024 | +18.3% | +7.3% |
| 2025 | -35.1% | -3.2% |
| 2026 | +1.5% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MORN and MSCI good diversifiers for each other?
Only partially. A correlation of 0.55 means MORN and MSCI 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 MORN and MSCI?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.54 over the last year and 0.66 over 5 years.
Is MSCI a good diversifier for MORN?
Only partially. A correlation of 0.55 means MORN and MSCI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 mean?
A reading of 0.55 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/morn-vs-msci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/morn-vs-msci/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MORN correlations · MSCI correlations
