ASIANPAINT.NS vs. ^GSPC
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 10.81%/yr vs 17.22%/yr for ^GSPC. At a 0.02 correlation, their price movements are largely independent.
Performance
ASIANPAINT.NS vs. ^GSPC - Performance Comparison
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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 -1.98% return, which is significantly lower than ^GSPC's 16.72% return. Over the past 10 years, ASIANPAINT.NS has underperformed ^GSPC with an annualized return of 10.81%, while ^GSPC has yielded a comparatively higher 17.22% annualized return.
ASIANPAINT.NS
- 1D
- 0.09%
- 1M
- -0.66%
- 6M
- -1.43%
- YTD
- -1.98%
- 1Y
- 14.13%
- 3Y*
- -7.54%
- 5Y*
- -2.23%
- 10Y*
- 10.81%
- ALL TIME*
- 28.09%
^GSPC
- 1D
- -0.02%
- 1M
- 1.46%
- 6M
- 14.08%
- YTD
- 16.72%
- 1Y
- 32.36%
- 3Y*
- 24.54%
- 5Y*
- 17.16%
- 10Y*
- 17.22%
- ALL TIME*
- 13.99%
ASIANPAINT.NS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASIANPAINT.NS Asian Paints Limited | -1.98% | 22.71% | -32.18% | 11.11% | -8.06% | 23.12% | 55.88% | 30.94% | 19.37% | 30.95% |
^GSPC S&P 500 Index | 16.72% | 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 0.06, 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 | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 27, 2007 | 0.02 |
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Return for Risk
ASIANPAINT.NS vs. ^GSPC — Risk / Return Rank
ASIANPAINT.NS
^GSPC
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.
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.
| ASIANPAINT.NS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.45 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.51 | 4.79 | -4.28 |
| Martin ratioReturn relative to average drawdown | 1.18 | 16.56 | -15.38 |
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Drawdowns
ASIANPAINT.NS vs. ^GSPC - Drawdown Comparison
The maximum ASIANPAINT.NS drawdown since its inception was -40.34%, smaller than the maximum ^GSPC drawdown of -42.97%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and ^GSPC.
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Drawdown Indicators
| ASIANPAINT.NS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.34% | -42.97% | +2.63% |
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 DrawdownCurrent decline from peak | -21.54% | -1.51% | -20.03% |
Average DrawdownAverage peak-to-trough decline | -9.54% | -5.79% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.18% | 1.96% | +10.22% |
Volatility
ASIANPAINT.NS vs. ^GSPC - Volatility Comparison
Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 5.32% compared to S&P 500 Index (^GSPC) at 3.30%. 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.
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Volatility by Period
| ASIANPAINT.NS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.32% | 3.30% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 18.92% | 10.00% | +8.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.15% | 12.92% | +11.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.28% | 16.27% | +6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.54% | 17.14% | +7.40% |
Frequently Asked Questions
ASIANPAINT.NS and ^GSPC have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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