MS vs PAPL: Correlation
How closely do Morgan Stanley (MS) and Pineapple Financial Inc. (PAPL) trade together? Their weekly returns over three years give a correlation of -0.15, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MS and PAPL?
On 3 years of weekly data the MS/PAPL correlation comes out at -0.15, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.05 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -730.5 %².
Within MS's tracked universe of 46 assets, PAPL comes in at #39 by 3-year correlation. The last year tells two different stories: MS led by 117.8 percentage points, +47.1% for MS against -70.7% for PAPL. One caveat on sizing: PAPL is 6.4 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
MS vs PAPL: side by side
| MS (Morgan Stanley) | PAPL (Pineapple Financial Inc.) | |
|---|---|---|
| 1-year return | +47.1% | -70.7% |
| 5-year return | +142.0% | n/a |
| Volatility (ann.) | 28.3% | 181.2% |
| Beta vs S&P 500 | 1.43 | -0.73 |
| Max drawdown (3Y) | -29.2% | -99.4% |
| Market cap | $337.5B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 1.94% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | MS | PAPL |
|---|---|---|
| 2022 | -10.3% | – |
| 2023 | +13.9% | – |
| 2024 | +39.7% | -74.7% |
| 2025 | +45.2% | -84.4% |
| 2026 | +23.0% | -25.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MS and PAPL good diversifiers for each other?
Yes. With a correlation of -0.15, MS and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between MS and PAPL?
As of 2026-08-27, the correlation of weekly returns between MS and PAPL is -0.15 over 3 years, -0.05 over 1 year and n/a over 5 years.
Is PAPL a good diversifier for MS?
Yes. With a correlation of -0.15, MS and PAPL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
A reading of -0.15 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/ms-vs-papl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ms-vs-papl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: MS correlations · PAPL correlations
