^SSEC vs. ^BSESN

Last updated Jun 3, 2026

^SSEC (Shanghai Composite) and ^BSESN (S&P BSE SENSEX) are both indexes. Over the past 10 years, ^SSEC returned 3.32%/yr vs 7.26%/yr for ^BSESN. At a 0.18 correlation, their price movements are largely independent.

Performance

^SSEC vs. ^BSESN - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ^SSEC achieves a 2.68% return, which is significantly higher than ^BSESN's -20.09% return. Over the past 10 years, ^SSEC has underperformed ^BSESN with an annualized return of 3.32%, while ^BSESN has yielded a comparatively higher 7.26% annualized return.

^SSEC

• 1D: 0.43%
• 1M: -0.90%
• YTD: 2.68%
• 6M: 4.55%
• 1Y: 21.74%
• 3Y*: 8.05%
• 5Y*: 2.60%
• 10Y*: 3.32%

^BSESN

• 1D: 0.43%
• 1M: -4.35%
• YTD: -20.09%
• 6M: -20.84%
• 1Y: -22.76%
• 3Y*: -0.47%
• 5Y*: 2.96%
• 10Y*: 7.26%

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

^SSEC vs. ^BSESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^SSEC Shanghai Composite	2.68%	18.41%	12.67%	-3.70%	-15.13%	4.80%	13.87%	22.30%	-24.59%	6.56%
^BSESN S&P BSE SENSEX	-20.09%	-0.49%	8.18%	21.55%	2.06%	16.41%	6.14%	12.91%	2.55%	27.60%

Correlation

The correlation between ^SSEC and ^BSESN is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	0.18

The correlation between ^SSEC and ^BSESN shifts across timeframes, from 0.06 (3 years) to 0.18 (all time), reflecting how their relationship changes across market environments.

Return for Risk

^SSEC vs. ^BSESN — Risk / Return Rank

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

^SSEC

^SSEC Risk / Return Rank: 60
^SSEC Sharpe Ratio Rank: 60
^SSEC Sortino Ratio Rank: 58
^SSEC Omega Ratio Rank: 66
^SSEC Calmar Ratio Rank: 57
^SSEC Martin Ratio Rank: 59

^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

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.

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

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

	^SSEC	^BSESN	Difference
Sharpe ratio Return per unit of total volatility	1.81	-1.59	+3.40
Sortino ratio Return per unit of downside risk	2.40	-2.29	+4.69
Omega ratio Gain probability vs. loss probability	1.33	0.74	+0.59
Calmar ratio Return relative to maximum drawdown	2.38	-0.91	+3.29
Martin ratio Return relative to average drawdown	8.86	-1.91	+10.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^SSEC vs. ^BSESN - Sharpe Ratio Comparison

The current ^SSEC Sharpe Ratio is 1.81, which is higher than the ^BSESN Sharpe Ratio of -1.59. The chart below compares the historical Sharpe Ratios of ^SSEC and ^BSESN, 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

	^SSEC	^BSESN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	-1.59	+3.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	0.20	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.41	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.15	+0.17

Drawdowns

^SSEC vs. ^BSESN - Drawdown Comparison

The maximum ^SSEC drawdown since its inception was -78.27%, which is greater than ^BSESN's maximum drawdown of -72.18%. Use the drawdown chart below to compare losses from any high point for ^SSEC and ^BSESN.

Drawdown Indicators

	^SSEC	^BSESN	Difference
Max Drawdown Largest peak-to-trough decline	-78.27%	-72.18%	-6.09%
Max Drawdown (1Y) Largest decline over 1 year	-8.83%	-25.23%	+16.40%
Max Drawdown (3Y) Largest decline over 3 years	-17.89%	-26.68%	+8.79%
Max Drawdown (5Y) Largest decline over 5 years	-27.27%	-26.68%	-0.59%
Max Drawdown (10Y) Largest decline over 10 years	-30.77%	-41.26%	+10.49%
Current Drawdown Current decline from peak	-33.11%	-26.33%	-6.78%
Average Drawdown Average peak-to-trough decline	-39.93%	-22.59%	-17.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	11.96%	-9.59%

Volatility

^SSEC vs. ^BSESN - Volatility Comparison

The current volatility for Shanghai Composite (^SSEC) is 4.08%, while S&P BSE SENSEX (^BSESN) has a volatility of 4.84%. This indicates that ^SSEC experiences smaller price fluctuations and is considered to be less risky than ^BSESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^SSEC	^BSESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.84%	-0.76%
Volatility (6M) Calculated over the trailing 6-month period	9.88%	12.48%	-2.60%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	14.52%	-2.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.61%	15.17%	+0.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	17.91%	-1.68%

Frequently Asked Questions

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

^SSEC and ^BSESN have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ^SSEC or ^BSESN?

^BSESN has higher volatility (4.84%) compared to ^SSEC (4.08%). In terms of maximum drawdown, ^SSEC dropped -78.27% vs ^BSESN's -72.18%.

Which has better risk-adjusted returns?

^SSEC currently has the higher Sharpe Ratio (1.81 vs -1.59), 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.