Correlation
The correlation between ^BSESN and ^SSEC is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
^BSESN vs. ^SSEC
Compare and contrast key facts about S&P BSE SENSEX (^BSESN) and Shanghai Composite (^SSEC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BSESN or ^SSEC.
Performance
^BSESN vs. ^SSEC - Performance Comparison
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Key characteristics
^BSESN:
0.63
^SSEC:
0.42
^BSESN:
0.85
^SSEC:
0.70
^BSESN:
1.12
^SSEC:
1.11
^BSESN:
0.55
^SSEC:
0.14
^BSESN:
1.13
^SSEC:
1.21
^BSESN:
7.31%
^SSEC:
6.48%
^BSESN:
15.40%
^SSEC:
20.20%
^BSESN:
-60.91%
^SSEC:
-78.27%
^BSESN:
-4.90%
^SSEC:
-44.79%
Returns By Period
In the year-to-date period, ^BSESN achieves a 4.47% return, which is significantly higher than ^SSEC's 0.35% return. Over the past 10 years, ^BSESN has outperformed ^SSEC with an annualized return of 11.35%, while ^SSEC has yielded a comparatively lower -3.55% annualized return.
^BSESN
4.47%
1.67%
3.28%
9.57%
13.44%
20.28%
11.35%
^SSEC
0.35%
2.34%
2.06%
8.11%
2.22%
3.35%
-3.55%
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Risk-Adjusted Performance
^BSESN vs. ^SSEC — Risk-Adjusted Performance Rank
^BSESN
^SSEC
^BSESN vs. ^SSEC - Risk-Adjusted Performance 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.
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Drawdowns
^BSESN vs. ^SSEC - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, smaller than the maximum ^SSEC drawdown of -78.27%. Use the drawdown chart below to compare losses from any high point for ^BSESN and ^SSEC.
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Volatility
^BSESN vs. ^SSEC - Volatility Comparison
S&P BSE SENSEX (^BSESN) has a higher volatility of 5.02% compared to Shanghai Composite (^SSEC) at 2.44%. This indicates that ^BSESN's price experiences larger fluctuations and is considered to be riskier than ^SSEC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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