ASIANPAINT.NS vs. ^GSPC
Compare and contrast key facts about Asian Paints Limited (ASIANPAINT.NS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASIANPAINT.NS or ^GSPC.
Correlation
The correlation between ASIANPAINT.NS and ^GSPC is 0.12, 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.
Performance
ASIANPAINT.NS vs. ^GSPC - Performance Comparison
Key characteristics
ASIANPAINT.NS:
-0.57
^GSPC:
0.24
ASIANPAINT.NS:
-0.67
^GSPC:
0.47
ASIANPAINT.NS:
0.91
^GSPC:
1.07
ASIANPAINT.NS:
-0.32
^GSPC:
0.24
ASIANPAINT.NS:
-0.60
^GSPC:
1.08
ASIANPAINT.NS:
21.00%
^GSPC:
4.25%
ASIANPAINT.NS:
21.96%
^GSPC:
19.00%
ASIANPAINT.NS:
-44.15%
^GSPC:
-56.78%
ASIANPAINT.NS:
-29.44%
^GSPC:
-14.02%
Returns By Period
In the year-to-date period, ASIANPAINT.NS achieves a 8.18% return, which is significantly higher than ^GSPC's -10.18% return. Over the past 10 years, ASIANPAINT.NS has outperformed ^GSPC with an annualized return of 13.12%, while ^GSPC has yielded a comparatively lower 9.70% annualized return.
ASIANPAINT.NS
8.18%
8.21%
-17.38%
-11.10%
7.93%
13.12%
^GSPC
-10.18%
-6.92%
-9.92%
5.42%
12.98%
9.70%
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Risk-Adjusted Performance
ASIANPAINT.NS vs. ^GSPC — Risk-Adjusted Performance Rank
ASIANPAINT.NS
^GSPC
ASIANPAINT.NS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Asian Paints Limited (ASIANPAINT.NS) and S&P 500 (^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.
Drawdowns
ASIANPAINT.NS vs. ^GSPC - Drawdown Comparison
The maximum ASIANPAINT.NS drawdown since its inception was -44.15%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
ASIANPAINT.NS vs. ^GSPC - Volatility Comparison
The current volatility for Asian Paints Limited (ASIANPAINT.NS) is 4.49%, while S&P 500 (^GSPC) has a volatility of 13.60%. This indicates that ASIANPAINT.NS experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.