MS vs TROW: Correlation
Morgan Stanley (MS) and T. Rowe Price (TROW) show a strong relationship: their 3-year correlation of weekly returns is 0.63.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MS and TROW?
Over the past 3 years, MS and TROW moved with a correlation of 0.63, which is strong. The past 12 months show a weaker link (0.38) than the 3-year average (0.63). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 420.4 %².
Among the 46 assets we track against MS, TROW ranks #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months MS outperformed by 39.0 percentage points (+47.1% for MS against +8.1% for TROW). On a rolling one-year basis the correlation drifted between 0.36 and 0.81, a moderate band.
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 TROW: side by side
| MS (Morgan Stanley) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | +47.1% | +8.1% |
| 5-year return | +142.0% | -37.0% |
| Volatility (ann.) | 28.3% | 23.5% |
| Beta vs S&P 500 | 1.43 | 1.10 |
| Max drawdown (3Y) | -29.2% | -34.0% |
| Market cap | $337.5B | $24.0B |
| P/E (trailing) | 17.4 | 11.3 |
| Dividend yield | 1.94% | 4.57% |
| Sector / category | Financials | Financials |
Year-by-year returns
| Year | MS | TROW |
|---|---|---|
| 2022 | -10.3% | -42.2% |
| 2023 | +13.9% | +3.4% |
| 2024 | +39.7% | +9.7% |
| 2025 | +45.2% | -4.7% |
| 2026 | +23.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MS and TROW good diversifiers for each other?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between MS and TROW?
As of 2026-08-27, the correlation of weekly returns between MS and TROW is 0.63 over 3 years, 0.38 over 1 year and 0.60 over 5 years.
Is TROW a good diversifier for MS?
To a limited degree. At 0.63 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.63 mean?
A reading of 0.63 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-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ms-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MS correlations · TROW correlations
