MS vs VTV: Correlation
Morgan Stanley (MS) and Vanguard Value ETF (VTV) show a strong relationship: their 3-year correlation of weekly returns is 0.75.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MS and VTV?
On 3 years of weekly data the MS/VTV correlation comes out at 0.75, strong. The link has loosened recently: the 1-year correlation (0.50) runs below the 3-year figure (0.75). The 5-year figure is 0.72, and annualized covariance runs at 253.3 %².
Within MS's tracked universe of 46 assets, VTV comes in at #13 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MS ahead by 21.4 points (+47.1% versus +25.7%). The rolling one-year correlation moved between 0.50 and 0.87 over the past three years, a moderate range. Risk is not evenly split, since MS carries 2.4 times the volatility of the other side.
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 VTV: side by side
| MS (Morgan Stanley) | VTV (Vanguard Value ETF) | |
|---|---|---|
| 1-year return | +47.1% | +25.7% |
| 5-year return | +142.0% | +79.1% |
| Volatility (ann.) | 28.3% | 11.9% |
| Beta vs S&P 500 | 1.43 | 0.65 |
| Max drawdown (3Y) | -29.2% | -14.5% |
| Market cap | $337.5B | – |
| P/E (trailing) | 17.4 | – |
| Dividend yield | 1.94% | 1.86% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $256.4B |
| Sector / category | Financials | ETF · US Style |
On the fund side, VTV sits in the Large Value category at Vanguard, with $256.4B under management, 308 holdings, a 0.03% expense ratio, a 1.86% trailing dividend yield.
Year-by-year returns
| Year | MS | VTV |
|---|---|---|
| 2022 | -10.3% | -2.1% |
| 2023 | +13.9% | +9.3% |
| 2024 | +39.7% | +16.0% |
| 2025 | +45.2% | +15.3% |
| 2026 | +23.0% | +19.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.93% of VTV is MS itself, so the fund partly moves with the stock by construction.
Are MS and VTV good diversifiers for each other?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between MS and VTV?
As of 2026-08-27, the correlation of weekly returns between MS and VTV is 0.75 over 3 years, 0.50 over 1 year and 0.72 over 5 years.
Is VTV a good diversifier for MS?
Somewhat, no more. With 0.75 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.75 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/ms-vs-vtv.json
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Related comparisons
Hubs: MS correlations · VTV correlations
