ADMA vs. BEL.NS

Last updated Jun 13, 2026

ADMA (ADMA Biologics, Inc.) and BEL.NS (Bharat Electronics Limited) are both stocks. ADMA operates in Biotechnology (Healthcare), while BEL.NS operates in Aerospace & Defense (Industrials). Over the past 10 years, ADMA returned 1.84%/yr vs 37.59%/yr for BEL.NS. At a 0.07 correlation, their price movements are largely independent.

Performance

ADMA vs. BEL.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ADMA Biologics, Inc. (ADMA) and Bharat Electronics Limited (BEL.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ADMA is traded in USD, while BEL.NS is traded in INR. To make them comparable, the BEL.NS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, ADMA achieves a -54.99% return, which is significantly lower than BEL.NS's -3.51% return. Over the past 10 years, ADMA has underperformed BEL.NS with an annualized return of 1.84%, while BEL.NS has yielded a comparatively higher 37.59% annualized return.

ADMA

• 1D: -1.32%
• 1M: -3.41%
• YTD: -54.99%
• 6M: -58.49%
• 1Y: -61.99%
• 3Y*: 27.09%
• 5Y*: 35.16%
• 10Y*: 1.84%

BEL.NS

• 1D: 1.08%
• 1M: -4.53%
• YTD: -3.51%
• 6M: -0.23%
• 1Y: -4.86%
• 3Y*: 43.55%
• 5Y*: 47.00%
• 10Y*: 37.59%

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

ADMA vs. BEL.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ADMA ADMA Biologics, Inc.	-54.99%	6.36%	279.42%	16.49%	175.18%	-27.69%	-51.25%	67.36%	-25.55%	-37.30%
BEL.NS Bharat Electronics Limited	-3.51%	30.83%	56.34%	86.66%	36.58%	86.29%	28.30%	29.70%	-53.89%	89.45%

Correlation

The correlation between ADMA and BEL.NS is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.04
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Oct 17, 2013	0.07

Return for Risk

ADMA vs. BEL.NS — Risk / Return Rank

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

ADMA

ADMA Risk / Return Rank: 3
ADMA Sharpe Ratio Rank: 3
ADMA Sortino Ratio Rank: 4
ADMA Omega Ratio Rank: 4
ADMA Calmar Ratio Rank: 3
ADMA Martin Ratio Rank: 1

BEL.NS

BEL.NS Risk / Return Rank: 48
BEL.NS Sharpe Ratio Rank: 51
BEL.NS Sortino Ratio Rank: 45
BEL.NS Omega Ratio Rank: 43
BEL.NS Calmar Ratio Rank: 52
BEL.NS Martin Ratio Rank: 52

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.

ADMA vs. BEL.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ADMA Biologics, Inc. (ADMA) and Bharat Electronics Limited (BEL.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.

	ADMA	BEL.NS	Difference
Sharpe ratio: Return per unit of total volatility	-1.14	-0.18	-0.96
Sortino ratio: Return per unit of downside risk	-1.82	-0.08	-1.74
Omega ratio: Gain probability vs. loss probability	0.76	0.99	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.98	-0.28	-0.70
Martin ratio: Return relative to average drawdown	-1.95	-0.50	-1.45

ADMA vs. BEL.NS - Sharpe Ratio Comparison

The current ADMA Sharpe Ratio is -1.14, which is lower than the BEL.NS Sharpe Ratio of -0.18. The chart below compares the historical Sharpe Ratios of ADMA and BEL.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.

Drawdowns

ADMA vs. BEL.NS - Drawdown Comparison

The maximum ADMA drawdown since its inception was -91.28%, which is greater than BEL.NS's maximum drawdown of -72.65%. Use the drawdown chart below to compare losses from any high point for ADMA and BEL.NS.

Drawdown Indicators

	ADMA	BEL.NS	Difference
Max Drawdown Largest peak-to-trough decline	-91.28%	-72.65%	-18.63%
Max Drawdown (1Y) Largest decline over 1 year	-63.48%	-17.56%	-45.92%
Max Drawdown (3Y) Largest decline over 3 years	-68.99%	-29.71%	-39.28%
Max Drawdown (5Y) Largest decline over 5 years	-68.99%	-29.71%	-39.28%
Max Drawdown (10Y) Largest decline over 10 years	-86.11%	-66.70%	-19.41%
Current Drawdown Current decline from peak	-66.50%	-16.15%	-50.35%
Average Drawdown Average peak-to-trough decline	-53.05%	-16.27%	-36.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	33.85%	9.90%	+23.95%

Volatility

ADMA vs. BEL.NS - Volatility Comparison

ADMA Biologics, Inc. (ADMA) has a higher volatility of 9.74% compared to Bharat Electronics Limited (BEL.NS) at 5.17%. This indicates that ADMA's price experiences larger fluctuations and is considered to be riskier than BEL.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADMA	BEL.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	5.17%	+4.57%
Volatility (6M) Calculated over the trailing 6-month period	45.54%	21.46%	+24.08%
Volatility (1Y) Calculated over the trailing 1-year period	54.60%	27.39%	+27.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	59.47%	33.01%	+26.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.03%	42.11%	+26.92%

Dividends

ADMA vs. BEL.NS - Dividend Comparison

ADMA has not paid dividends to shareholders, while BEL.NS's dividend yield for the trailing twelve months is around 0.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADMA ADMA Biologics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BEL.NS Bharat Electronics Limited	0.70%	0.60%	0.75%	0.98%	4.50%	5.72%	7.00%	14.39%	6.82%	7.41%	40.80%	70.28%

Financials

Frequently Asked Questions

Can I hold both ADMA and BEL.NS in my portfolio?

ADMA and BEL.NS have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.