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 | -16.43% | 8.76% |
| 1Y Return | -5.52% | 25.94% |
| 3Y Return (Ann) | 4.51% | 7.03% |
| 5Y Return (Ann) | 17.42% | 12.51% |
| 10Y Return (Ann) | 19.83% | 10.71% |
| Sharpe Ratio | -0.07 | 2.19 |
| Daily Std Dev | 16.87% | 11.57% |
| Max Drawdown | -44.15% | -56.78% |
| Current Drawdown | -19.62% | -1.27% |
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 -16.43% return, which is significantly lower than ^GSPC's 8.76% return. Over the past 10 years, ASIANPAINT.NS has outperformed ^GSPC with an annualized return of 19.83%, while ^GSPC has yielded a comparatively lower 10.71% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
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
Asian Paints Limited (ASIANPAINT.NS) has a higher volatility of 5.55% compared to S&P 500 (^GSPC) at 4.08%. 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.