^BSESN vs. DRREDDY.NS
^BSESN (S&P BSE SENSEX) is an index, while DRREDDY.NS (Dr. Reddy's Laboratories Limited) is a stock. Over the past 10 years, ^BSESN returned 10.80%/yr vs 7.91%/yr for DRREDDY.NS. At a 0.31 correlation, their price movements are largely independent.
Performance
^BSESN vs. DRREDDY.NS - Performance Comparison
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Returns By Period
In the year-to-date period, ^BSESN achieves a -8.92% return, which is significantly lower than DRREDDY.NS's -1.36% return. Over the past 10 years, ^BSESN has outperformed DRREDDY.NS with an annualized return of 10.80%, while DRREDDY.NS has yielded a comparatively lower 7.91% annualized return.
^BSESN
- 1D
- 0.00%
- 1M
- 2.77%
- 6M
- -7.19%
- YTD
- -8.92%
- 1Y
- -5.64%
- 3Y*
- 5.52%
- 5Y*
- 7.86%
- 10Y*
- 10.80%
DRREDDY.NS
- 1D
- 0.95%
- 1M
- -1.67%
- 6M
- 5.27%
- YTD
- -1.36%
- 1Y
- 0.28%
- 3Y*
- 7.41%
- 5Y*
- 4.73%
- 10Y*
- 7.91%
^BSESN vs. DRREDDY.NS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^BSESN S&P BSE SENSEX | -8.92% | 9.06% | 8.17% | 18.74% | 4.44% | 21.99% | 15.75% | 14.38% | 5.91% | 27.91% |
DRREDDY.NS Dr. Reddy's Laboratories Limited | -1.36% | -7.85% | 19.74% | 42.34% | -10.60% | -3.52% | 87.06% | 14.21% | 8.38% | -21.11% |
Correlation
The correlation between ^BSESN and DRREDDY.NS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.32 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2006 | 0.31 |
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Return for Risk
^BSESN vs. DRREDDY.NS — Risk / Return Rank
^BSESN
DRREDDY.NS
^BSESN vs. DRREDDY.NS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for S&P BSE SENSEX (^BSESN) and Dr. Reddy's Laboratories Limited (DRREDDY.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.
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 | DRREDDY.NS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.02 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 0.02 | -0.38 |
| Martin ratioReturn relative to average drawdown | -0.83 | 0.05 | -0.88 |
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Drawdowns
^BSESN vs. DRREDDY.NS - Drawdown Comparison
The maximum ^BSESN drawdown since its inception was -60.91%, which is greater than DRREDDY.NS's maximum drawdown of -55.21%. Use the drawdown chart below to compare losses from any high point for ^BSESN and DRREDDY.NS.
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Drawdown Indicators
| ^BSESN | DRREDDY.NS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.91% | -55.21% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.11% | -12.51% | -3.60% |
Max Drawdown (3Y)Largest decline over 3 years | -16.18% | -22.98% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -16.85% | -31.41% | +14.56% |
Max Drawdown (10Y)Largest decline over 10 years | -38.07% | -48.51% | +10.44% |
Current DrawdownCurrent decline from peak | -9.58% | -10.65% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -13.55% | -16.61% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.97% | 5.31% | +1.66% |
Volatility
^BSESN vs. DRREDDY.NS - Volatility Comparison
The current volatility for S&P BSE SENSEX (^BSESN) is 3.61%, while Dr. Reddy's Laboratories Limited (DRREDDY.NS) has a volatility of 8.16%. This indicates that ^BSESN experiences smaller price fluctuations and is considered to be less risky than DRREDDY.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^BSESN | DRREDDY.NS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.61% | 8.16% | -4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.05% | 19.75% | -7.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.39% | 23.78% | -10.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.91% | 22.24% | -8.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 25.93% | -9.56% |
Frequently Asked Questions
^BSESN and DRREDDY.NS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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