SCHW vs MS: which was the better investment?
The Charles Schwab Corporation against Morgan Stanley on real daily total-return data — every dividend reinvested, from Feb 23, 1993 to Jul 13, 2026.
Set up your comparison
What are you comparing?
Pick one investment — or add several to build a portfolio.
Compare against
The benchmark your investment has to beat.
Time & money
When the money goes in, and how much.
Leave empty for earliest
Leave empty for today
0 for a one-time investment
Daily total-return data — dividends reinvested. Monthly additions buy on the first trading day.
Track your entire portfolio in one free Google Sheet
Enter your trades once and values update automatically. We'll send it straight to your inbox.
Related comparisons
Browse all match-ups on the comparison hub, build your own in the Compare Investments tool, or check a single asset's exact-date returns with the Investment Calculator.
Frequently asked questions
Did SCHW beat MS?
Yes — measured from Feb 23, 1993 to Jul 13, 2026 with dividends reinvested, SCHW came out ahead: $1,558,561 versus $645,157 from a $10,000 start. That gap compounds from a 16.3% annual return against 13.3%.
What would $10,000 in SCHW be worth today?
$10,000 invested in The Charles Schwab Corporation (SCHW) on Feb 23, 1993 would be worth about $1,558,561 as of Jul 13, 2026, a total return of 15485.6% (16.3% per year). The same $10,000 in MS would be worth $645,157.
Which was riskier — SCHW or MS?
SCHW swung with an annualized volatility of 43.9% and a worst peak-to-trough drop of -86.8%; MS ran at 45.0% volatility with a -88.1% maximum drawdown. Risk-adjusted (Sharpe ratio), that is 0.33 for SCHW vs 0.25 for MS.
What data is this comparison based on?
Daily adjusted closing prices covering Feb 23, 1993 through Jul 13, 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 SCHW vs MS. 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.