ADANIENT.NS vs. RELIANCE.NS

Last updated Jun 5, 2026

ADANIENT.NS (Adani Enterprises Limited) and RELIANCE.NS (Reliance Industries Ltd) are both stocks. Both are in the Energy sector — ADANIENT.NS in Thermal Coal, RELIANCE.NS in Oil & Gas Refining & Marketing. Over the past 10 years, ADANIENT.NS returned 54.41%/yr vs 20.29%/yr for RELIANCE.NS. At a 0.35 correlation, their price movements are largely independent.

Performance

ADANIENT.NS vs. RELIANCE.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Adani Enterprises Limited (ADANIENT.NS) and Reliance Industries Ltd (RELIANCE.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADANIENT.NS achieves a 32.73% return, which is significantly higher than RELIANCE.NS's -16.98% return. Over the past 10 years, ADANIENT.NS has outperformed RELIANCE.NS with an annualized return of 54.41%, while RELIANCE.NS has yielded a comparatively lower 20.29% annualized return.

ADANIENT.NS

• 1D: 1.61%
• 1M: 17.03%
• YTD: 32.73%
• 6M: 31.23%
• 1Y: 18.76%
• 3Y*: 6.94%
• 5Y*: 11.87%
• 10Y*: 54.41%

RELIANCE.NS

• 1D: -0.72%
• 1M: -9.33%
• YTD: -16.98%
• 6M: -15.38%
• 1Y: -9.27%
• 3Y*: 5.40%
• 5Y*: 5.98%
• 10Y*: 20.29%

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

ADANIENT.NS vs. RELIANCE.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADANIENT.NS Adani Enterprises Limited	32.73%	-11.38%	-11.21%	-26.13%	125.80%	256.70%	131.80%	29.79%	78.17%	118.43%
RELIANCE.NS Reliance Industries Ltd	-16.98%	29.62%	-5.64%	12.28%	7.89%	19.94%	32.52%	35.54%	23.13%	71.65%

Correlation

The correlation between ADANIENT.NS and RELIANCE.NS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Jul 2, 2002	0.35

Return for Risk

ADANIENT.NS vs. RELIANCE.NS — Risk / Return Rank

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

ADANIENT.NS

ADANIENT.NS Risk / Return Rank: 57
ADANIENT.NS Sharpe Ratio Rank: 61
ADANIENT.NS Sortino Ratio Rank: 57
ADANIENT.NS Omega Ratio Rank: 56
ADANIENT.NS Calmar Ratio Rank: 54
ADANIENT.NS Martin Ratio Rank: 55

RELIANCE.NS

RELIANCE.NS Risk / Return Rank: 24
RELIANCE.NS Sharpe Ratio Rank: 24
RELIANCE.NS Sortino Ratio Rank: 21
RELIANCE.NS Omega Ratio Rank: 21
RELIANCE.NS Calmar Ratio Rank: 27
RELIANCE.NS Martin Ratio Rank: 25

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.

ADANIENT.NS vs. RELIANCE.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adani Enterprises Limited (ADANIENT.NS) and Reliance Industries Ltd (RELIANCE.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.

	ADANIENT.NS	RELIANCE.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.58	-0.40	+0.98
Sortino ratio: Return per unit of downside risk	1.11	-0.44	+1.54
Omega ratio: Gain probability vs. loss probability	1.14	0.95	+0.19
Calmar ratio: Return relative to maximum drawdown	0.57	-0.44	+1.00
Martin ratio: Return relative to average drawdown	1.33	-0.82	+2.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADANIENT.NS vs. RELIANCE.NS - Sharpe Ratio Comparison

The current ADANIENT.NS Sharpe Ratio is 0.58, which is higher than the RELIANCE.NS Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of ADANIENT.NS and RELIANCE.NS, 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

	ADANIENT.NS	RELIANCE.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.58	-0.40	+0.98
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	0.27	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.10	0.76	+0.34
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.41	-0.06

Drawdowns

ADANIENT.NS vs. RELIANCE.NS - Drawdown Comparison

The maximum ADANIENT.NS drawdown since its inception was -81.04%, which is greater than RELIANCE.NS's maximum drawdown of -72.43%. Use the drawdown chart below to compare losses from any high point for ADANIENT.NS and RELIANCE.NS.

Drawdown Indicators

	ADANIENT.NS	RELIANCE.NS	Difference
Max Drawdown Largest peak-to-trough decline	-81.04%	-72.43%	-8.61%
Max Drawdown (1Y) Largest decline over 1 year	-34.28%	-18.12%	-16.16%
Max Drawdown (3Y) Largest decline over 3 years	-51.71%	-27.26%	-24.45%
Max Drawdown (5Y) Largest decline over 5 years	-71.35%	-27.26%	-44.09%
Max Drawdown (10Y) Largest decline over 10 years	-71.35%	-44.76%	-26.59%
Current Drawdown Current decline from peak	-28.53%	-18.12%	-10.41%
Average Drawdown Average peak-to-trough decline	-31.94%	-24.44%	-7.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.69%	9.60%	+5.09%

Volatility

ADANIENT.NS vs. RELIANCE.NS - Volatility Comparison

Adani Enterprises Limited (ADANIENT.NS) has a higher volatility of 12.18% compared to Reliance Industries Ltd (RELIANCE.NS) at 5.60%. This indicates that ADANIENT.NS's price experiences larger fluctuations and is considered to be riskier than RELIANCE.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADANIENT.NS	RELIANCE.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.18%	5.60%	+6.58%
Volatility (6M) Calculated over the trailing 6-month period	28.48%	16.21%	+12.27%
Volatility (1Y) Calculated over the trailing 1-year period	33.46%	19.85%	+13.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.54%	22.13%	+26.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	50.58%	27.06%	+23.52%

Dividends

ADANIENT.NS vs. RELIANCE.NS - Dividend Comparison

ADANIENT.NS's dividend yield for the trailing twelve months is around 0.04%, less than RELIANCE.NS's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADANIENT.NS Adani Enterprises Limited	0.04%	0.06%	0.05%	0.04%	0.03%	0.06%	0.20%	0.19%	0.24%	0.43%	0.93%	2.99%
RELIANCE.NS Reliance Industries Ltd	0.42%	0.35%	0.41%	0.35%	0.35%	0.33%	0.36%	0.47%	0.59%	0.66%	1.07%	1.09%

Financials

Frequently Asked Questions

Can I hold both ADANIENT.NS and RELIANCE.NS in my portfolio?

ADANIENT.NS and RELIANCE.NS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.