^BSESN vs. ^SSEC
^BSESN (S&P BSE SENSEX) and ^SSEC (Shanghai Composite) are both indexes. Over the past 10 years, ^BSESN returned 11.31%/yr vs 6.71%/yr for ^SSEC. At a 0.11 correlation, their price movements are largely independent.
Performance
^BSESN vs. ^SSEC - Performance Comparison
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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 -9.54% return, which is significantly lower than ^SSEC's 12.54% return. Over the past 10 years, ^BSESN has outperformed ^SSEC with an annualized return of 11.31%, while ^SSEC has yielded a comparatively lower 6.71% 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%
^SSEC
- 1D
- -0.63%
- 1M
- -0.94%
- YTD
- 12.54%
- 6M
- 15.07%
- 1Y
- 41.14%
- 3Y*
- 15.19%
- 5Y*
- 6.95%
- 10Y*
- 6.71%
^BSESN vs. ^SSEC - 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% |
^SSEC Shanghai Composite | 12.54% | 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 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
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 25, 2007 | 0.11 |
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Return for Risk
^BSESN vs. ^SSEC — Risk / Return Rank
^BSESN
^SSEC
^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.
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 | ^SSEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.64 | ||
| Sortino ratioReturn per unit of downside risk | -4.62 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.57 | -0.64 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 6.15 | -6.52 |
| Martin ratioReturn relative to average drawdown | -0.90 | 24.07 | -24.97 |
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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.
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Drawdown Indicators
| ^BSESN | ^SSEC | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -10.18% | -3.96% | -6.22% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -33.50% | +19.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.60% | 1.82% | +4.78% |
Volatility
^BSESN vs. ^SSEC - Volatility Comparison
The current volatility for S&P BSE SENSEX (^BSESN) is 3.86%, while Shanghai Composite (^SSEC) has a volatility of 4.58%. 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.
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Volatility by Period
| ^BSESN | ^SSEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.86% | 4.58% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 10.93% | +0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.13% | 13.90% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.86% | 17.17% | -3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.35% | 17.65% | -1.30% |
Frequently Asked Questions
^BSESN and ^SSEC have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^SSEC has higher volatility (4.58%) compared to ^BSESN (3.86%). In terms of maximum drawdown, ^BSESN dropped -60.91% vs ^SSEC's -62.81%.
^SSEC currently has the higher Sharpe Ratio (3.18 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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