MS vs USB: which was the better investment?
Morgan Stanley against U.S. Bancorp on real daily total-return data — every dividend reinvested, from Feb 23, 1993 to Jul 15, 2026.
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Frequently asked questions
Did MS beat USB?
Yes — measured from Feb 23, 1993 to Jul 15, 2026 with dividends reinvested, MS came out ahead: $669,100 versus $443,964 from a $10,000 start. That gap compounds from a 13.4% annual return against 12.0%.
What would $10,000 in MS be worth today?
$10,000 invested in Morgan Stanley (MS) on Feb 23, 1993 would be worth about $669,100 as of Jul 15, 2026, a total return of 6591.0% (13.4% per year). The same $10,000 in USB would be worth $443,964.
Which was riskier — MS or USB?
MS swung with an annualized volatility of 45.0% and a worst peak-to-trough drop of -88.1%; USB ran at 32.3% volatility with a -76.1% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.25 for MS vs 0.31 for USB.
What data is this comparison based on?
Daily adjusted closing prices covering Feb 23, 1993 through Jul 15, 2026 — the full period where both assets have price history. Adjusted prices include dividends and splits, so these are total returns. The page refreshes with new market data every day.
Can I change the dates, amounts, or add monthly investing?
Yes — the interactive tool on this page is pre-loaded with MS vs USB. You can set any start and end date, change the starting amount, add monthly contributions, or build a multi-asset portfolio and compare it against any benchmark.