ADANIGREEN.NS vs. ^NIFTY200

Last updated Jun 5, 2026

ADANIGREEN.NS (Adani Green Energy Limited) is a stock, while ^NIFTY200 (NIFTY 200) is an index. Over the past 5 years, ADANIGREEN.NS returned 2.19%/yr vs 10.29%/yr for ^NIFTY200. At a 0.39 correlation, their price movements are largely independent.

Performance

ADANIGREEN.NS vs. ^NIFTY200 - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Adani Green Energy Limited (ADANIGREEN.NS) and NIFTY 200 (^NIFTY200). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADANIGREEN.NS achieves a 40.21% return, which is significantly higher than ^NIFTY200's -6.77% return.

ADANIGREEN.NS

• 1D: -0.29%
• 1M: 5.20%
• YTD: 40.21%
• 6M: 39.85%
• 1Y: 41.82%
• 3Y*: 12.95%
• 5Y*: 2.19%
• 10Y*: —

^NIFTY200

• 1D: 0.16%
• 1M: -2.93%
• YTD: -6.77%
• 6M: -6.82%
• 1Y: -2.14%
• 3Y*: 11.52%
• 5Y*: 10.29%
• 10Y*: 12.20%

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

ADANIGREEN.NS vs. ^NIFTY200 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ADANIGREEN.NS Adani Green Energy Limited	40.21%	-2.46%	-34.83%	-17.33%	45.22%	26.38%	532.38%	297.73%	32.86%
^NIFTY200 NIFTY 200	-6.77%	8.40%	13.63%	23.49%	3.65%	27.47%	15.62%	8.68%	-0.58%

Correlation

The correlation between ADANIGREEN.NS and ^NIFTY200 is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jun 19, 2018	0.39

Over the past year, ADANIGREEN.NS and ^NIFTY200 have become more correlated (0.61) than their long-term average of 0.39, meaning their price movements have been converging.

Return for Risk

ADANIGREEN.NS vs. ^NIFTY200 — Risk / Return Rank

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

ADANIGREEN.NS

ADANIGREEN.NS Risk / Return Rank: 68
ADANIGREEN.NS Sharpe Ratio Rank: 71
ADANIGREEN.NS Sortino Ratio Rank: 69
ADANIGREEN.NS Omega Ratio Rank: 69
ADANIGREEN.NS Calmar Ratio Rank: 66
ADANIGREEN.NS Martin Ratio Rank: 67

^NIFTY200

^NIFTY200 Risk / Return Rank: 7
^NIFTY200 Sharpe Ratio Rank: 7
^NIFTY200 Sortino Ratio Rank: 6
^NIFTY200 Omega Ratio Rank: 6
^NIFTY200 Calmar Ratio Rank: 9
^NIFTY200 Martin Ratio Rank: 8

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.

ADANIGREEN.NS vs. ^NIFTY200 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adani Green Energy Limited (ADANIGREEN.NS) and NIFTY 200 (^NIFTY200). 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.

	ADANIGREEN.NS	^NIFTY200	Difference
Sharpe ratio: Return per unit of total volatility	1.00	-0.12	+1.12
Sortino ratio: Return per unit of downside risk	1.66	-0.07	+1.73
Omega ratio: Gain probability vs. loss probability	1.22	0.99	+0.23
Calmar ratio: Return relative to maximum drawdown	1.26	-0.11	+1.37
Martin ratio: Return relative to average drawdown	3.18	-0.35	+3.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADANIGREEN.NS vs. ^NIFTY200 - Sharpe Ratio Comparison

The current ADANIGREEN.NS Sharpe Ratio is 1.00, which is higher than the ^NIFTY200 Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of ADANIGREEN.NS and ^NIFTY200, 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

	ADANIGREEN.NS	^NIFTY200	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.00	-0.12	+1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.73	-0.69
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.15	0.59	+0.56

Drawdowns

ADANIGREEN.NS vs. ^NIFTY200 - Drawdown Comparison

The maximum ADANIGREEN.NS drawdown since its inception was -84.44%, which is greater than ^NIFTY200's maximum drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for ADANIGREEN.NS and ^NIFTY200.

Drawdown Indicators

	ADANIGREEN.NS	^NIFTY200	Difference
Max Drawdown Largest peak-to-trough decline	-84.44%	-64.04%	-20.40%
Max Drawdown (1Y) Largest decline over 1 year	-32.93%	-14.89%	-18.04%
Max Drawdown (3Y) Largest decline over 3 years	-62.88%	-18.08%	-44.80%
Max Drawdown (5Y) Largest decline over 5 years	-84.44%	-18.15%	-66.29%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.22%	—
Current Drawdown Current decline from peak	-52.09%	-8.38%	-43.71%
Average Drawdown Average peak-to-trough decline	-37.21%	-10.96%	-26.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.06%	4.62%	+8.44%

Volatility

ADANIGREEN.NS vs. ^NIFTY200 - Volatility Comparison

Adani Green Energy Limited (ADANIGREEN.NS) has a higher volatility of 11.01% compared to NIFTY 200 (^NIFTY200) at 4.01%. This indicates that ADANIGREEN.NS's price experiences larger fluctuations and is considered to be riskier than ^NIFTY200 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADANIGREEN.NS	^NIFTY200	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.01%	4.01%	+7.00%
Volatility (6M) Calculated over the trailing 6-month period	33.76%	12.10%	+21.66%
Volatility (1Y) Calculated over the trailing 1-year period	41.60%	13.72%	+27.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	52.19%	14.32%	+37.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.76%	16.28%	+38.48%

Frequently Asked Questions

Can I hold both ADANIGREEN.NS and ^NIFTY200 in my portfolio?

ADANIGREEN.NS and ^NIFTY200 have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.