ASIANPAINT.NS vs. ^BSESN
ASIANPAINT.NS (Asian Paints Limited) is a stock, while ^BSESN (S&P BSE SENSEX) is an index. Over the past 10 years, ASIANPAINT.NS returned 10.90%/yr vs 10.75%/yr for ^BSESN. At a 0.34 correlation, their price movements are largely independent.
Performance
ASIANPAINT.NS vs. ^BSESN - Performance Comparison
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Returns By Period
In the year-to-date period, ASIANPAINT.NS achieves a -3.90% return, which is significantly higher than ^BSESN's -12.74% return. Both investments have delivered pretty close results over the past 10 years, with ASIANPAINT.NS having a 10.90% annualized return and ^BSESN not far behind at 10.75%.
ASIANPAINT.NS
- 1D
- -0.03%
- 1M
- 9.53%
- YTD
- -3.90%
- 6M
- -10.00%
- 1Y
- 19.62%
- 3Y*
- -4.99%
- 5Y*
- -1.01%
- 10Y*
- 10.90%
^BSESN
- 1D
- 0.02%
- 1M
- -3.45%
- YTD
- -12.74%
- 6M
- -12.79%
- 1Y
- -8.20%
- 3Y*
- 5.80%
- 5Y*
- 7.37%
- 10Y*
- 10.75%
ASIANPAINT.NS vs. ^BSESN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIANPAINT.NS Asian Paints Limited | -3.90% | 22.71% | -32.18% | 11.11% | -8.06% | 23.12% | 55.88% | 30.94% | 19.37% | 31.18% |
^BSESN S&P BSE SENSEX | -12.74% | 9.06% | 8.17% | 18.74% | 4.44% | 21.99% | 15.75% | 14.38% | 5.91% | 27.91% |
Correlation
The correlation between ASIANPAINT.NS and ^BSESN is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2002 | 0.34 |
The correlation between ASIANPAINT.NS and ^BSESN shifts across timeframes, from 0.34 (all time) to 0.49 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ASIANPAINT.NS vs. ^BSESN — Risk / Return Rank
ASIANPAINT.NS
^BSESN
ASIANPAINT.NS vs. ^BSESN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Asian Paints Limited (ASIANPAINT.NS) 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.
| ASIANPAINT.NS | ^BSESN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.46 | ||
| Sortino ratioReturn per unit of downside risk | +2.15 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.90 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | -0.52 | +1.20 |
| Martin ratioReturn relative to average drawdown | 1.65 | -1.36 | +3.00 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ASIANPAINT.NS | ^BSESN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.83 | -0.64 | +1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | 0.54 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.67 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.47 | +0.41 |
Drawdowns
ASIANPAINT.NS vs. ^BSESN - Drawdown Comparison
The maximum ASIANPAINT.NS drawdown since its inception was -44.93%, smaller than the maximum ^BSESN drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and ^BSESN.
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Drawdown Indicators
| ASIANPAINT.NS | ^BSESN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.93% | -60.91% | +15.98% |
Max Drawdown (1Y)Largest decline over 1 year | -28.54% | -16.11% | -12.43% |
Max Drawdown (3Y)Largest decline over 3 years | -39.04% | -16.18% | -22.86% |
Max Drawdown (5Y)Largest decline over 5 years | -39.04% | -16.85% | -22.19% |
Max Drawdown (10Y)Largest decline over 10 years | -39.04% | -38.07% | -0.97% |
Current DrawdownCurrent decline from peak | -23.08% | -13.37% | -9.71% |
Average DrawdownAverage peak-to-trough decline | -9.40% | -13.75% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.91% | 6.09% | +5.82% |
Volatility
ASIANPAINT.NS vs. ^BSESN - Volatility Comparison
Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 6.54% compared to S&P BSE SENSEX (^BSESN) at 3.67%. This indicates that ASIANPAINT.NS's price experiences larger fluctuations and is considered to be riskier than ^BSESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASIANPAINT.NS | ^BSESN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 3.67% | +2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.15% | 11.59% | +7.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.68% | 13.10% | +10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 13.82% | +8.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.44% | 16.34% | +8.10% |
Frequently Asked Questions
ASIANPAINT.NS and ^BSESN have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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