ADANIGREEN.NS vs. ^NIFTY200
Compare and contrast key facts about Adani Green Energy Limited (ADANIGREEN.NS) and NIFTY 200 (^NIFTY200).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ADANIGREEN.NS or ^NIFTY200.
Key characteristics
| ADANIGREEN.NS | ^NIFTY200 | |
|---|---|---|
| YTD Return | 12.56% | 7.41% |
| 1Y Return | 89.03% | 34.76% |
| 3Y Return (Ann) | 21.23% | 18.47% |
| 5Y Return (Ann) | 115.04% | 16.13% |
| Sharpe Ratio | 1.99 | 3.63 |
| Daily Std Dev | 46.93% | 10.24% |
| Max Drawdown | -84.44% | -64.04% |
| Current Drawdown | -39.48% | -0.02% |
Correlation
The correlation between ADANIGREEN.NS and ^NIFTY200 is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ADANIGREEN.NS vs. ^NIFTY200 - Performance Comparison
In the year-to-date period, ADANIGREEN.NS achieves a 12.56% return, which is significantly higher than ^NIFTY200's 7.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ADANIGREEN.NS vs. ^NIFTY200 - Risk-Adjusted Performance 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.
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. For additional features, visit the drawdowns tool.
Volatility
ADANIGREEN.NS vs. ^NIFTY200 - Volatility Comparison
Adani Green Energy Limited (ADANIGREEN.NS) has a higher volatility of 6.02% compared to NIFTY 200 (^NIFTY200) at 2.75%. 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.