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^BSE200 vs. ^BSE500
Performance
Return for Risk
Drawdowns
Volatility

Performance

^BSE200 vs. ^BSE500 - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in S&P BSE-200 (^BSE200) and S&P BSE-500 (^BSE500). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ^BSE200 achieves a -7.12% return, which is significantly lower than ^BSE500's -6.06% return. Both investments have delivered pretty close results over the past 10 years, with ^BSE200 having a 12.25% annualized return and ^BSE500 not far ahead at 12.53%.


^BSE200

1D
0.33%
1M
-2.98%
YTD
-7.12%
6M
-7.11%
1Y
-2.66%
3Y*
11.06%
5Y*
10.01%
10Y*
12.25%

^BSE500

1D
0.19%
1M
-2.86%
YTD
-6.06%
6M
-5.93%
1Y
-2.25%
3Y*
11.76%
5Y*
10.53%
10Y*
12.53%
*Multi-year figures are annualized to reflect compound growth (CAGR)

^BSE200 vs. ^BSE500 - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
^BSE200
S&P BSE-200
-7.12%8.03%13.40%22.76%4.18%27.59%16.31%9.13%-0.54%33.26%
^BSE500
S&P BSE-500
-6.06%6.41%14.55%24.85%3.34%30.11%16.80%7.75%-3.08%35.94%

Correlation

The correlation between ^BSE200 and ^BSE500 is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.


Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

1.00

Correlation (3Y)
Calculated over the trailing 3-year period

0.99

Correlation (5Y)
Calculated over the trailing 5-year period

1.00

Correlation (10Y)
Calculated over the trailing 10-year period

1.00

Correlation (All Time)
Calculated using the full available price history since Mar 8, 2011

1.00

The correlation between ^BSE200 and ^BSE500 has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

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Return for Risk

^BSE200 vs. ^BSE500 — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^BSE200
^BSE200 Risk / Return Rank: 55
Overall Rank
^BSE200 Sharpe Ratio Rank: 55
Sharpe Ratio Rank
^BSE200 Sortino Ratio Rank: 55
Sortino Ratio Rank
^BSE200 Omega Ratio Rank: 55
Omega Ratio Rank
^BSE200 Calmar Ratio Rank: 66
Calmar Ratio Rank
^BSE200 Martin Ratio Rank: 55
Martin Ratio Rank

^BSE500
^BSE500 Risk / Return Rank: 77
Overall Rank
^BSE500 Sharpe Ratio Rank: 77
Sharpe Ratio Rank
^BSE500 Sortino Ratio Rank: 77
Sortino Ratio Rank
^BSE500 Omega Ratio Rank: 77
Omega Ratio Rank
^BSE500 Calmar Ratio Rank: 99
Calmar Ratio Rank
^BSE500 Martin Ratio Rank: 77
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^BSE200 vs. ^BSE500 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P BSE-200 (^BSE200) and S&P BSE-500 (^BSE500). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


^BSE200^BSE500Difference
Sharpe ratioReturn per unit of total volatility

-0.03

Sortino ratioReturn per unit of downside risk

-0.05

Omega ratioGain probability vs. loss probability

0.98

0.99

-0.01

Calmar ratioReturn relative to maximum drawdown

-0.15

-0.12

-0.03

Martin ratioReturn relative to average drawdown

-0.46

-0.38

-0.08

^BSE200 vs. ^BSE500 - Sharpe Ratio Comparison

The current ^BSE200 Sharpe Ratio is -0.16, which is comparable to the ^BSE500 Sharpe Ratio of -0.13. The chart below compares the historical Sharpe Ratios of ^BSE200 and ^BSE500, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.


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Sharpe Ratios by Period


^BSE200^BSE500Difference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.16

-0.13

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.72

0.75

-0.03

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.77

0.79

-0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.69

0.71

-0.02

Drawdowns

^BSE200 vs. ^BSE500 - Drawdown Comparison

The maximum ^BSE200 drawdown since its inception was -38.11%, roughly equal to the maximum ^BSE500 drawdown of -38.39%. Use the drawdown chart below to compare losses from any high point for ^BSE200 and ^BSE500.


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Drawdown Indicators


^BSE200^BSE500Difference

Max Drawdown

Largest peak-to-trough decline

-38.11%

-38.39%

+0.28%

Max Drawdown (1Y)

Largest decline over 1 year

-14.83%

-14.86%

+0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-17.99%

-18.96%

+0.97%

Max Drawdown (5Y)

Largest decline over 5 years

-17.99%

-18.96%

+0.97%

Max Drawdown (10Y)

Largest decline over 10 years

-38.11%

-38.39%

+0.28%

Current Drawdown

Current decline from peak

-9.15%

-8.92%

-0.23%

Average Drawdown

Average peak-to-trough decline

-5.78%

-5.95%

+0.17%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.69%

4.53%

+0.16%

Volatility

^BSE200 vs. ^BSE500 - Volatility Comparison

S&P BSE-200 (^BSE200) and S&P BSE-500 (^BSE500) have volatilities of 4.01% and 4.00%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


^BSE200^BSE500Difference

Volatility (1M)

Calculated over the trailing 1-month period

4.01%

4.00%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

12.00%

12.17%

-0.17%

Volatility (1Y)

Calculated over the trailing 1-year period

13.58%

13.77%

-0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.21%

14.33%

-0.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.20%

16.19%

+0.01%

Frequently Asked Questions


With a correlation of 1.00, ^BSE200 and ^BSE500 move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

^BSE200 has higher volatility (4.01%) compared to ^BSE500 (4.00%). In terms of maximum drawdown, ^BSE200 dropped -38.11% vs ^BSE500's -38.39%.

^BSE500 currently has the higher Sharpe Ratio (-0.13 vs -0.16), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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