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.
Key characteristics
| ASIANPAINT.NS | ^GSPC | |
|---|---|---|
| YTD Return | -2.85% | 13.39% |
| 1Y Return | 2.00% | 21.51% |
| 3Y Return (Ann) | 0.25% | 6.18% |
| 5Y Return (Ann) | 17.65% | 12.69% |
| 10Y Return (Ann) | 18.60% | 10.55% |
| Sharpe Ratio | 0.04 | 1.66 |
| Daily Std Dev | 18.44% | 12.70% |
| Max Drawdown | -44.15% | -56.78% |
| Current Drawdown | -6.56% | -4.57% |
Correlation
The correlation between ASIANPAINT.NS and ^GSPC is 0.13, 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
In the year-to-date period, ASIANPAINT.NS achieves a -2.85% return, which is significantly lower than ^GSPC's 13.39% return. Over the past 10 years, ASIANPAINT.NS has outperformed ^GSPC with an annualized return of 18.60%, while ^GSPC has yielded a comparatively lower 10.55% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
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 4.05%, while S&P 500 (^GSPC) has a volatility of 4.36%. 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.