^BSESN vs. ^SSEC

Last updated Jun 4, 2026

^BSESN (S&P BSE SENSEX) and ^SSEC (Shanghai Composite) are both indexes. Over the past 10 years, ^BSESN returned 10.72%/yr vs 6.77%/yr for ^SSEC. At a 0.12 correlation, their price movements are largely independent.

Performance

^BSESN vs. ^SSEC - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in S&P BSE SENSEX (^BSESN) and Shanghai Composite (^SSEC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

^BSESN is traded in INR, while ^SSEC is traded in CNY. To make them comparable, the ^SSEC values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ^BSESN achieves a -12.76% return, which is significantly lower than ^SSEC's 13.28% return. Over the past 10 years, ^BSESN has outperformed ^SSEC with an annualized return of 10.72%, while ^SSEC has yielded a comparatively lower 6.77% annualized return.

^BSESN

• 1D: -0.41%
• 1M: -3.78%
• YTD: -12.76%
• 6M: -12.64%
• 1Y: -7.92%
• 3Y*: 5.93%
• 5Y*: 7.37%
• 10Y*: 10.72%

^SSEC

• 1D: 0.31%
• 1M: 1.07%
• YTD: 13.28%
• 6M: 16.70%
• 1Y: 44.13%
• 3Y*: 15.43%
• 5Y*: 7.09%
• 10Y*: 6.77%

*Multi-year figures are annualized to reflect compound growth (CAGR)

^BSESN vs. ^SSEC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^BSESN S&P BSE SENSEX	-12.76%	9.06%	8.17%	18.74%	4.44%	21.99%	15.75%	14.38%	5.91%	27.91%
^SSEC Shanghai Composite	13.28%	29.51%	12.87%	-5.75%	-13.45%	9.80%	24.53%	23.35%	-21.84%	6.60%

Correlation

The correlation between ^BSESN and ^SSEC is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.12

Return for Risk

^BSESN vs. ^SSEC — Risk / Return Rank

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

^BSESN

^BSESN Risk / Return Rank: 1
^BSESN Sharpe Ratio Rank: 1
^BSESN Sortino Ratio Rank: 1
^BSESN Omega Ratio Rank: 1
^BSESN Calmar Ratio Rank: 2
^BSESN Martin Ratio Rank: 1

^SSEC

^SSEC Risk / Return Rank: 61
^SSEC Sharpe Ratio Rank: 61
^SSEC Sortino Ratio Rank: 58
^SSEC Omega Ratio Rank: 65
^SSEC Calmar Ratio Rank: 60
^SSEC Martin Ratio Rank: 60

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.

^BSESN vs. ^SSEC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) and Shanghai Composite (^SSEC). 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.

	^BSESN	^SSEC	Difference
Sharpe ratio Return per unit of total volatility	-0.61	3.32	-3.93
Sortino ratio Return per unit of downside risk	-0.77	4.22	-5.00
Omega ratio Gain probability vs. loss probability	0.91	1.59	-0.69
Calmar ratio Return relative to maximum drawdown	-0.50	6.42	-6.92
Martin ratio Return relative to average drawdown	-1.32	25.59	-26.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^BSESN vs. ^SSEC - Sharpe Ratio Comparison

The current ^BSESN Sharpe Ratio is -0.61, which is lower than the ^SSEC Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of ^BSESN and ^SSEC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	^BSESN	^SSEC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.61	3.32	-3.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.43	+0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.40	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.25	+0.22

Drawdowns

^BSESN vs. ^SSEC - Drawdown Comparison

The maximum ^BSESN drawdown since its inception was -60.91%, roughly equal to the maximum ^SSEC drawdown of -62.81%. Use the drawdown chart below to compare losses from any high point for ^BSESN and ^SSEC.

Drawdown Indicators

	^BSESN	^SSEC	Difference
Max Drawdown Largest peak-to-trough decline	-60.91%	-62.81%	+1.90%
Max Drawdown (1Y) Largest decline over 1 year	-16.11%	-7.18%	-8.93%
Max Drawdown (3Y) Largest decline over 3 years	-16.18%	-17.82%	+1.64%
Max Drawdown (5Y) Largest decline over 5 years	-16.85%	-29.38%	+12.53%
Max Drawdown (10Y) Largest decline over 10 years	-38.07%	-29.78%	-8.29%
Current Drawdown Current decline from peak	-13.39%	-3.32%	-10.07%
Average Drawdown Average peak-to-trough decline	-13.75%	-33.39%	+19.64%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	1.79%	+4.24%

Volatility

^BSESN vs. ^SSEC - Volatility Comparison

The current volatility for S&P BSE SENSEX (^BSESN) is 3.94%, while Shanghai Composite (^SSEC) has a volatility of 4.71%. This indicates that ^BSESN experiences smaller price fluctuations and is considered to be less risky than ^SSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^BSESN	^SSEC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.94%	4.71%	-0.77%
Volatility (6M) Calculated over the trailing 6-month period	11.59%	10.93%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	13.90%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.82%	17.17%	-3.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.35%	17.65%	-1.30%

Frequently Asked Questions

Can I hold both ^BSESN and ^SSEC in my portfolio?

^BSESN and ^SSEC have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^BSESN or ^SSEC?

^SSEC has higher volatility (4.71%) compared to ^BSESN (3.94%). In terms of maximum drawdown, ^BSESN dropped -60.91% vs ^SSEC's -62.81%.

Which has better risk-adjusted returns?

^SSEC currently has the higher Sharpe Ratio (3.32 vs -0.61), 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.