^BSESN vs. ^BSE500
^BSESN (S&P BSE SENSEX) and ^BSE500 (S&P BSE-500) are both indexes. Over the past 10 years, ^BSESN returned 11.31%/yr vs 12.53%/yr for ^BSE500. Their correlation of 0.95 suggests significant overlap in exposure.
Performance
^BSESN vs. ^BSE500 - Performance Comparison
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Returns By Period
In the year-to-date period, ^BSESN achieves a -9.54% return, which is significantly lower than ^BSE500's -6.06% return. Over the past 10 years, ^BSESN has underperformed ^BSE500 with an annualized return of 11.31%, while ^BSE500 has yielded a comparatively higher 12.53% annualized return.
^BSESN
- 1D
- 0.00%
- 1M
- 2.23%
- YTD
- -9.54%
- 6M
- -9.86%
- 1Y
- -5.86%
- 3Y*
- 6.97%
- 5Y*
- 7.91%
- 10Y*
- 11.31%
^BSE500
- 1D
- 0.19%
- 1M
- -0.67%
- YTD
- -6.06%
- 6M
- -6.03%
- 1Y
- -2.72%
- 3Y*
- 11.76%
- 5Y*
- 10.53%
- 10Y*
- 12.53%
^BSESN vs. ^BSE500 - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^BSESN S&P BSE SENSEX | -9.54% | 9.06% | 8.17% | 18.74% | 4.44% | 21.99% | 15.75% | 14.38% | 5.91% | 27.91% |
^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 ^BSESN and ^BSE500 is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2011 | 0.95 |
The correlation between ^BSESN and ^BSE500 has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.
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Return for Risk
^BSESN vs. ^BSE500 — Risk / Return Rank
^BSESN
^BSE500
^BSESN vs. ^BSE500 - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^BSESN | ^BSE500 | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.99 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.12 | -0.25 |
| Martin ratioReturn relative to average drawdown | -0.90 | -0.38 | -0.51 |
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Drawdowns
^BSESN vs. ^BSE500 - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, which is greater than ^BSE500's maximum drawdown of -38.39%. Use the drawdown chart below to compare losses from any high point for ^BSESN and ^BSE500.
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Drawdown Indicators
| ^BSESN | ^BSE500 | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.91% | -38.39% | -22.52% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -14.86% | -1.25% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -18.96% | +2.78% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -18.96% | +2.11% |
Max Drawdown (10Y)Largest decline over 10 years | -38.07% | -38.39% | +0.32% |
Current DrawdownCurrent decline from peak | -10.18% | -8.92% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -5.95% | -7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | 4.53% | +2.07% |
Volatility
^BSESN vs. ^BSE500 - Volatility Comparison
S&P BSE SENSEX (^BSESN) and S&P BSE-500 (^BSE500) have volatilities of 3.86% 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
| ^BSESN | ^BSE500 | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.00% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 12.17% | -0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 13.77% | -0.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 14.33% | -0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 16.19% | +0.16% |
Frequently Asked Questions
With a correlation of 0.90, ^BSESN 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.
^BSE500 has higher volatility (4.00%) compared to ^BSESN (3.86%). In terms of maximum drawdown, ^BSESN dropped -60.91% vs ^BSE500's -38.39%.
^BSE500 currently has the higher Sharpe Ratio (-0.13 vs -0.46), 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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