^BSESN vs. ASIANPAINT.NS
Compare and contrast key facts about S&P BSE SENSEX (^BSESN) and Asian Paints Limited (ASIANPAINT.NS).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^BSESN or ASIANPAINT.NS.
Correlation
The correlation between ^BSESN and ASIANPAINT.NS is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
^BSESN vs. ASIANPAINT.NS - Performance Comparison
Key characteristics
^BSESN:
0.39
ASIANPAINT.NS:
-0.57
^BSESN:
0.63
ASIANPAINT.NS:
-0.67
^BSESN:
1.09
ASIANPAINT.NS:
0.91
^BSESN:
0.39
ASIANPAINT.NS:
-0.32
^BSESN:
0.82
ASIANPAINT.NS:
-0.60
^BSESN:
7.08%
ASIANPAINT.NS:
21.00%
^BSESN:
14.82%
ASIANPAINT.NS:
21.96%
^BSESN:
-60.91%
ASIANPAINT.NS:
-44.15%
^BSESN:
-8.48%
ASIANPAINT.NS:
-29.44%
Returns By Period
In the year-to-date period, ^BSESN achieves a 0.53% return, which is significantly lower than ASIANPAINT.NS's 8.18% return. Over the past 10 years, ^BSESN has underperformed ASIANPAINT.NS with an annualized return of 11.10%, while ASIANPAINT.NS has yielded a comparatively higher 13.29% annualized return.
^BSESN
0.53%
2.89%
-3.29%
7.48%
20.19%
11.10%
ASIANPAINT.NS
8.18%
7.90%
-17.38%
-11.13%
8.26%
13.29%
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Risk-Adjusted Performance
^BSESN vs. ASIANPAINT.NS — Risk-Adjusted Performance Rank
^BSESN
ASIANPAINT.NS
^BSESN vs. ASIANPAINT.NS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) and Asian Paints Limited (ASIANPAINT.NS). 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.
Drawdowns
^BSESN vs. ASIANPAINT.NS - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, which is greater than ASIANPAINT.NS's maximum drawdown of -44.15%. Use the drawdown chart below to compare losses from any high point for ^BSESN and ASIANPAINT.NS. For additional features, visit the drawdowns tool.
Volatility
^BSESN vs. ASIANPAINT.NS - Volatility Comparison
S&P BSE SENSEX (^BSESN) has a higher volatility of 7.60% compared to Asian Paints Limited (ASIANPAINT.NS) at 5.37%. This indicates that ^BSESN's price experiences larger fluctuations and is considered to be riskier than ASIANPAINT.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.