ASIANPAINT.NS vs. NFTY
Compare and contrast key facts about Asian Paints Limited (ASIANPAINT.NS) and First Trust India NIFTY 50 Equal Weight ETF (NFTY).
NFTY is a passively managed fund by First Trust that tracks the performance of the NIFTY 50 Equal Weight Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ASIANPAINT.NS or NFTY.
Key characteristics
| ASIANPAINT.NS | NFTY | |
|---|---|---|
| YTD Return | -16.43% | 4.53% |
| 1Y Return | -5.52% | 25.93% |
| 3Y Return (Ann) | 4.51% | 11.46% |
| 5Y Return (Ann) | 17.42% | 11.80% |
| 10Y Return (Ann) | 19.83% | 7.54% |
| Sharpe Ratio | -0.07 | 1.93 |
| Daily Std Dev | 16.87% | 13.41% |
| Max Drawdown | -44.15% | -47.67% |
| Current Drawdown | -19.62% | -2.82% |
Correlation
The correlation between ASIANPAINT.NS and NFTY is 0.21, 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. NFTY - Performance Comparison
In the year-to-date period, ASIANPAINT.NS achieves a -16.43% return, which is significantly lower than NFTY's 4.53% return. Over the past 10 years, ASIANPAINT.NS has outperformed NFTY with an annualized return of 19.83%, while NFTY has yielded a comparatively lower 7.54% 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. NFTY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Asian Paints Limited (ASIANPAINT.NS) and First Trust India NIFTY 50 Equal Weight ETF (NFTY). 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.
Dividends
ASIANPAINT.NS vs. NFTY - Dividend Comparison
ASIANPAINT.NS's dividend yield for the trailing twelve months is around 0.93%, more than NFTY's 0.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASIANPAINT.NS Asian Paints Limited | 0.93% | 0.78% | 0.64% | 0.54% | 0.43% | 0.62% | 0.65% | 0.40% | 0.89% | 0.74% | 0.80% | 0.97% |
NFTY First Trust India NIFTY 50 Equal Weight ETF | 0.17% | 0.13% | 5.89% | 1.53% | 0.61% | 0.97% | 0.00% | 4.10% | 3.28% | 4.39% | 0.52% | 1.72% |
Drawdowns
ASIANPAINT.NS vs. NFTY - Drawdown Comparison
The maximum ASIANPAINT.NS drawdown since its inception was -44.15%, smaller than the maximum NFTY drawdown of -47.67%. Use the drawdown chart below to compare losses from any high point for ASIANPAINT.NS and NFTY. For additional features, visit the drawdowns tool.
Volatility
ASIANPAINT.NS vs. NFTY - Volatility Comparison
Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 5.55% compared to First Trust India NIFTY 50 Equal Weight ETF (NFTY) at 3.67%. This indicates that ASIANPAINT.NS's price experiences larger fluctuations and is considered to be riskier than NFTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.