ASIANPAINT.NS vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Asian Paints Limited (ASIANPAINT.NS) and S&P 500 Index (^GSPC).

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.

ASIANPAINT.NS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASIANPAINT.NS Asian Paints Limited	-19.63%	22.71%	-32.18%	11.11%	-8.06%	23.12%	55.88%	30.94%	19.37%	31.18%
^GSPC S&P 500 Index	-0.36%	21.96%	27.04%	25.09%	-10.78%	29.42%	19.18%	32.15%	2.25%	12.00%

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 -19.63% return, which is significantly lower than ^GSPC's -0.36% return. Over the past 10 years, ASIANPAINT.NS has underperformed ^GSPC with an annualized return of 10.75%, while ^GSPC has yielded a comparatively higher 16.12% annualized return.

ASIANPAINT.NS

• 1D: 2.80%
• 1M: -3.52%
• YTD: -19.63%
• 6M: -4.56%
• 1Y: -2.86%
• 3Y*: -5.99%
• 5Y*: -1.84%
• 10Y*: 10.75%

^GSPC

• 1D: 0.45%
• 1M: -2.73%
• YTD: -0.36%
• 6M: 2.99%
• 1Y: 26.90%
• 3Y*: 21.98%
• 5Y*: 15.70%
• 10Y*: 16.12%

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

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: 32
ASIANPAINT.NS Sharpe Ratio Rank: 34
ASIANPAINT.NS Sortino Ratio Rank: 28
ASIANPAINT.NS Omega Ratio Rank: 29
ASIANPAINT.NS Calmar Ratio Rank: 36
ASIANPAINT.NS Martin Ratio Rank: 35

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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	-0.13	1.49	-1.62
Sortino ratio Return per unit of downside risk	-0.03	2.12	-2.15
Omega ratio Gain probability vs. loss probability	1.00	1.33	-0.33
Calmar ratio Return relative to maximum drawdown	-0.13	2.48	-2.61
Martin ratio Return relative to average drawdown	-0.37	11.29	-11.65
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 -0.13, which is lower than the ^GSPC Sharpe Ratio of 1.49. The chart below compares the historical Sharpe Ratios of ASIANPAINT.NS and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ASIANPAINT.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	1.49	-1.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.98	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.95	-0.50
Sharpe Ratio (All Time) Calculated using the full available price history	0.85	0.67	+0.18

Correlation

The correlation between ASIANPAINT.NS and ^GSPC is 0.02, 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.

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%	-56.78%	+11.85%
Max Drawdown (1Y) Largest decline over 1 year	-28.54%	-12.14%	-16.40%
Max Drawdown (5Y) Largest decline over 5 years	-39.04%	-25.43%	-13.61%
Max Drawdown (10Y) Largest decline over 10 years	-39.04%	-33.92%	-5.12%
Current Drawdown Current decline from peak	-35.68%	-5.78%	-29.90%
Average Drawdown Average peak-to-trough decline	-9.27%	-10.75%	+1.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.24%	2.60%	+7.64%

Volatility

ASIANPAINT.NS vs. ^GSPC - Volatility Comparison

Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 10.18% compared to S&P 500 Index (^GSPC) at 4.14%. 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	10.18%	4.14%	+6.04%
Volatility (6M) Calculated over the trailing 6-month period	18.63%	9.34%	+9.29%
Volatility (1Y) Calculated over the trailing 1-year period	22.50%	18.16%	+4.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.58%	16.11%	+6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.36%	17.08%	+7.28%