MORN vs SSNC: Correlation
Measured on weekly returns over the past three years, Morningstar, Inc. (MORN) and SS&C Technologies Holdings, Inc. (SSNC) carry a correlation of 0.62, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MORN and SSNC?
On 3 years of weekly data the MORN/SSNC correlation comes out at 0.62, strong. Lately the two have moved closer together, with the 1-year correlation at 0.73 versus 0.62 over 3 years. The 5-year figure is 0.58, and annualized covariance runs at 433.0 %².
Among the 21 assets we track against MORN, SSNC ranks #5 by 3-year correlation. On 12-month performance SSNC holds a 11.2-point edge, -16.6% against -5.4%.
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 SSNC: side by side
| MORN (Morningstar, Inc.) | SSNC (SS&C Technologies Holdings, Inc.) | |
|---|---|---|
| 1-year return | -16.6% | -5.4% |
| 5-year return | -15.1% | +17.5% |
| Volatility (ann.) | 30.5% | 23.0% |
| Beta vs S&P 500 | 0.77 | 0.82 |
| Max drawdown (3Y) | -60.0% | -30.4% |
| Market cap | $8.2B | $19.6B |
| P/E (trailing) | 20.2 | 23.8 |
| Dividend yield | 0.92% | 1.30% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | MORN | SSNC |
|---|---|---|
| 2022 | -36.3% | -35.7% |
| 2023 | +33.1% | +19.2% |
| 2024 | +18.3% | +25.8% |
| 2025 | -35.1% | +16.8% |
| 2026 | +1.5% | -3.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MORN and SSNC good diversifiers for each other?
Only partially. A correlation of 0.62 means MORN and SSNC 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 SSNC?
As of 2026-08-27, the correlation of weekly returns between MORN and SSNC is 0.62 over 3 years, 0.73 over 1 year and 0.58 over 5 years.
Is SSNC a good diversifier for MORN?
Only partially. A correlation of 0.62 means MORN and SSNC share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/morn-vs-ssnc.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: MORN correlations · SSNC correlations
