ASIANPAINT.NS vs. ^GSPC

Last updated Jun 5, 2026

ASIANPAINT.NS (Asian Paints Limited) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ASIANPAINT.NS returned 10.90%/yr vs 17.78%/yr for ^GSPC. At a 0.02 correlation, their price movements are largely independent.

Performance

ASIANPAINT.NS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Asian Paints Limited (ASIANPAINT.NS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, ASIANPAINT.NS achieves a -3.90% return, which is significantly lower than ^GSPC's 18.12% return. Over the past 10 years, ASIANPAINT.NS has underperformed ^GSPC with an annualized return of 10.90%, while ^GSPC has yielded a comparatively higher 17.78% annualized return.

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%

^GSPC

• 1D: 0.49%
• 1M: 5.14%
• YTD: 18.12%
• 6M: 17.99%
• 1Y: 41.74%
• 3Y*: 27.26%
• 5Y*: 18.66%
• 10Y*: 17.78%

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

ASIANPAINT.NS vs. ^GSPC - 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%
^GSPC S&P 500 Index	18.12%	21.96%	27.04%	25.09%	-10.78%	29.42%	19.18%	32.15%	2.25%	12.00%

Correlation

The correlation between ASIANPAINT.NS and ^GSPC is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.06
Correlation (5Y) Calculated over the trailing 5-year period	0.07
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007	0.02

Return for Risk

ASIANPAINT.NS vs. ^GSPC — Risk / Return Rank

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

ASIANPAINT.NS

ASIANPAINT.NS Risk / Return Rank: 61
ASIANPAINT.NS Sharpe Ratio Rank: 68
ASIANPAINT.NS Sortino Ratio Rank: 62
ASIANPAINT.NS Omega Ratio Rank: 61
ASIANPAINT.NS Calmar Ratio Rank: 57
ASIANPAINT.NS Martin Ratio Rank: 58

^GSPC

^GSPC Risk / Return Rank: 80
^GSPC Sharpe Ratio Rank: 79
^GSPC Sortino Ratio Rank: 79
^GSPC Omega Ratio Rank: 79
^GSPC Calmar Ratio Rank: 76
^GSPC Martin Ratio Rank: 86

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.

ASIANPAINT.NS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Asian Paints Limited (ASIANPAINT.NS) and S&P 500 Index (^GSPC). 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	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	0.83	3.62	-2.79
Sortino ratio: Return per unit of downside risk	1.34	4.80	-3.45
Omega ratio: Gain probability vs. loss probability	1.17	1.65	-0.48
Calmar ratio: Return relative to maximum drawdown	0.69	6.18	-5.49
Martin ratio: Return relative to average drawdown	1.65	24.03	-22.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASIANPAINT.NS vs. ^GSPC - Sharpe Ratio Comparison

The current ASIANPAINT.NS Sharpe Ratio is 0.83, which is lower than the ^GSPC Sharpe Ratio of 3.62. The chart below compares the historical Sharpe Ratios of ASIANPAINT.NS and ^GSPC, 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

	ASIANPAINT.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	3.62	-2.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	1.16	-1.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	1.04	-0.59
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	0.73	+0.15

Drawdowns

ASIANPAINT.NS vs. ^GSPC - Drawdown Comparison

The maximum ASIANPAINT.NS drawdown since its inception was -44.93%, roughly equal to the maximum ^GSPC drawdown of -43.99%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and ^GSPC.

Drawdown Indicators

	ASIANPAINT.NS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-44.93%	-43.99%	-0.94%
Max Drawdown (1Y) Largest decline over 1 year	-28.54%	-6.78%	-21.76%
Max Drawdown (3Y) Largest decline over 3 years	-39.04%	-19.29%	-19.75%
Max Drawdown (5Y) Largest decline over 5 years	-39.04%	-20.51%	-18.53%
Max Drawdown (10Y) Largest decline over 10 years	-39.04%	-28.50%	-10.54%
Current Drawdown Current decline from peak	-23.08%	0.00%	-23.08%
Average Drawdown Average peak-to-trough decline	-9.40%	-6.14%	-3.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.91%	1.74%	+10.17%

Volatility

ASIANPAINT.NS vs. ^GSPC - Volatility Comparison

Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 6.54% compared to S&P 500 Index (^GSPC) at 2.87%. This indicates that ASIANPAINT.NS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASIANPAINT.NS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.54%	2.87%	+3.67%
Volatility (6M) Calculated over the trailing 6-month period	19.15%	8.51%	+10.64%
Volatility (1Y) Calculated over the trailing 1-year period	23.68%	11.60%	+12.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.38%	16.11%	+6.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.44%	17.09%	+7.35%

Frequently Asked Questions

Can I hold both ASIANPAINT.NS and ^GSPC in my portfolio?

ASIANPAINT.NS and ^GSPC have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.