MS vs SPY
Comparison between Morgan Stanley (MS, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceMS has outperformed SPY, delivering a return of +20.9% compared to +13.3%
MS vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
MS
$305B
Winner
SPY
$652B
Expense Ratio
MS
N/A
SPY
0.09%
Max Drawdown
MS
91.59%
Winner
SPY
56.47%
Sharpe Ratio
MS
1.99
Winner
SPY
2.07
5Y Beta
MS
1.32
Winner
SPY
1.00
Industry
MS
Capital Markets
SPY
N/A
P/E Ratio
Winner
MS
16.94
SPY
28.24
Forward P/E
Winner
MS
16.50
SPY
21.85
PEG Ratio
MS
0.59
SPY
N/A
Dividend Yield
MS
2.10%
SPY
N/A
5Y Dividends CAGR
Winner
MS
28.60%
SPY
5.43%
5Y EPS CAGR
MS
7.84%
Winner
SPY
25.79%
Debt to Equity
MS
317.63%
Winner
SPY
22.35%
Free Cash Flow Yield
MS
-0.33%
SPY
N/A
P/S Ratio
MS
4.17
Winner
SPY
3.55
P/B Ratio
Winner
MS
2.92
SPY
5.29
MS vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
MS
+10.27%
SPY
+9.11%
3M
MS
+6.45%
Winner
SPY
+6.59%
6M
Winner
MS
+20.21%
SPY
+10.56%
1Y
Winner
MS
+62.24%
SPY
+32.04%
5Y(CAGR)
Winner
MS
+20.89%
SPY
+13.35%
10Y(CAGR)
Winner
MS
+25.65%
SPY
+15.49%
Max(CAGR)
MS
+7.72%
Winner
SPY
+8.50%
MS vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | MS | SPY |
|---|---|---|
| 2026 | +7.29% | +8.27% |
| 2025 | +46.27% | +18.00% |
| 2024 | +38.75% | +25.59% |
| 2023 | +12.98% | +26.72% |
| 2022 | -12.22% | -18.64% |
| 2021 | +47.04% | +30.52% |
| 2020 | +35.62% | +17.28% |
| 2019 | +30.19% | +31.09% |
| 2018 | -22.35% | -5.24% |
| 2017 | +24.27% | +20.78% |
| 2016 | +37.49% | +13.59% |
| 2015 | -16.56% | +1.31% |
| 2014 | +26.42% | +14.56% |
| 2013 | +61.12% | +29.00% |
| 2012 | +20.02% | +14.17% |
| 2011 | -45.95% | +0.85% |
| 2010 | -11.32% | +13.14% |
| 2009 | +77.42% | +22.67% |
| 2008 | -67.42% | -36.25% |
| 2007 | -20.79% | +5.32% |
| 2006 | +42.01% | +13.85% |
| 2005 | +3.57% | +5.32% |
| 2004 | -0.72% | +10.75% |
| 2003 | +40.79% | +24.18% |
| 2002 | -26.22% | -22.42% |
| 2001 | -21.19% | -10.13% |
| 2000 | +18.60% | -8.84% |
| 1999 | +29.05% | +8.61% |
MS vs SPY Drawdown Comparison
The maximum drawdown for MS was -88.12%, occurring on Nov 20, 2008. Recovery took 5084 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current MS drawdown is -0.13%.
| Rank | MS | SPY |
|---|---|---|
| #1 | -88.12% Sep 11, 2000 - Nov 24, 2020 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -33.36% Mar 24, 2000 - Jul 12, 2000 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -32.39% Feb 9, 2022 - May 15, 2024 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -29.24% Feb 6, 2025 - Jun 27, 2025 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -18.83% Jan 15, 2026 - Apr 15, 2026 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -15.63% Dec 31, 1999 - Mar 1, 2000 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -13.15% Jul 17, 2024 - Oct 4, 2024 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -11.88% Jan 14, 2021 - Feb 22, 2021 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -11.24% Jan 11, 2022 - Feb 8, 2022 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -10.73% Nov 21, 2024 - Jan 16, 2025 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -10.50% Jun 4, 2021 - Jul 21, 2021 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -9.95% Mar 10, 2000 - Mar 17, 2000 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -9.47% Aug 27, 2021 - Jan 11, 2022 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -8.44% Jul 13, 2000 - Aug 4, 2000 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -8.36% Mar 12, 2021 - May 5, 2021 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between MS and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
MS vs SPY dividend yield comparison.
| Year | MS | SPY |
|---|---|---|
| 2026 | 1.04% | 0.24% |
| 2025 | 2.17% | 1.07% |
| 2024 | 2.82% | 1.21% |
| 2023 | 3.49% | 1.40% |
| 2022 | 3.47% | 1.65% |
| 2021 | 2.14% | 1.20% |
| 2020 | 2.04% | 1.52% |
| 2019 | 2.54% | 1.75% |
| 2018 | 2.77% | 2.04% |
| 2017 | 1.72% | 1.80% |
| 2016 | 1.66% | 2.03% |
| 2015 | 1.73% | 2.06% |
| 2014 | 0.90% | 1.87% |
| 2013 | 0.64% | 1.81% |
| 2012 | 0.78% | 2.18% |
| 2011 | 1.32% | 2.05% |
| 2010 | 0.74% | 1.80% |
| 2009 | 1.48% | 1.95% |
| 2008 | 6.73% | 3.02% |
| 2007 | 28.86% | 1.85% |
| 2006 | 1.33% | 1.73% |
| 2005 | 1.90% | 1.73% |
| 2004 | 1.80% | 1.82% |
| 2003 | 1.59% | 1.47% |
| 2002 | 2.30% | 1.70% |
| 2001 | 1.64% | 1.25% |
| 2000 | 1.01% | 1.15% |
| 1999 | 0.00% | 0.24% |
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