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ASIANPAINT.NS vs. ^GSPC
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Key characteristics


ASIANPAINT.NS^GSPC
YTD Return-16.82%5.29%
1Y Return-0.03%20.88%
3Y Return (Ann)2.84%6.27%
5Y Return (Ann)15.16%11.60%
10Y Return (Ann)19.26%10.43%
Sharpe Ratio0.101.79
Daily Std Dev16.48%11.72%
Max Drawdown-44.15%-56.78%
Current Drawdown-20.00%-4.42%

Correlation

-0.50.00.51.00.1

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 -16.82% return, which is significantly lower than ^GSPC's 5.29% return. Over the past 10 years, ASIANPAINT.NS has outperformed ^GSPC with an annualized return of 19.26%, while ^GSPC has yielded a comparatively lower 10.43% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


-10.00%-5.00%0.00%5.00%10.00%15.00%20.00%25.00%NovemberDecember2024FebruaryMarchApril
-8.60%
17.40%
ASIANPAINT.NS
^GSPC

Compare stocks, funds, or ETFs

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Asian Paints Limited

S&P 500

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.


ASIANPAINT.NS
Sharpe ratio
The chart of Sharpe ratio for ASIANPAINT.NS, currently valued at -0.19, compared to the broader market-2.00-1.000.001.002.003.00-0.19
Sortino ratio
The chart of Sortino ratio for ASIANPAINT.NS, currently valued at -0.14, compared to the broader market-4.00-2.000.002.004.00-0.14
Omega ratio
The chart of Omega ratio for ASIANPAINT.NS, currently valued at 0.98, compared to the broader market0.501.001.500.98
Calmar ratio
The chart of Calmar ratio for ASIANPAINT.NS, currently valued at -0.11, compared to the broader market0.001.002.003.004.005.00-0.11
Martin ratio
The chart of Martin ratio for ASIANPAINT.NS, currently valued at -0.26, compared to the broader market0.0010.0020.0030.00-0.26
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 1.88, compared to the broader market-2.00-1.000.001.002.003.001.88
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 2.73, compared to the broader market-4.00-2.000.002.004.002.73
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.33, compared to the broader market0.501.001.501.33
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 1.40, compared to the broader market0.001.002.003.004.005.001.40
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 7.38, compared to the broader market0.0010.0020.0030.007.38

ASIANPAINT.NS vs. ^GSPC - Sharpe Ratio Comparison

The current ASIANPAINT.NS Sharpe Ratio is 0.10, which is lower than the ^GSPC Sharpe Ratio of 1.79. The chart below compares the 12-month rolling Sharpe Ratio of ASIANPAINT.NS and ^GSPC.


Rolling 12-month Sharpe Ratio-0.500.000.501.001.502.002.503.00NovemberDecember2024FebruaryMarchApril
-0.19
1.88
ASIANPAINT.NS
^GSPC

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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2024FebruaryMarchApril
-28.56%
-4.42%
ASIANPAINT.NS
^GSPC

Volatility

ASIANPAINT.NS vs. ^GSPC - Volatility Comparison

Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 4.22% compared to S&P 500 (^GSPC) at 3.35%. 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.


2.00%3.00%4.00%5.00%6.00%7.00%NovemberDecember2024FebruaryMarchApril
4.22%
3.35%
ASIANPAINT.NS
^GSPC