BAJAJFINSV.NS vs. RELIANCE.NS

Last updated Jun 5, 2026

BAJAJFINSV.NS (Bajaj Finserv Limited) and RELIANCE.NS (Reliance Industries Ltd) are both stocks. BAJAJFINSV.NS operates in Financial Conglomerates (Financial Services), while RELIANCE.NS operates in Oil & Gas Refining & Marketing (Energy). Over the past 10 years, BAJAJFINSV.NS returned 24.85%/yr vs 20.29%/yr for RELIANCE.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

BAJAJFINSV.NS vs. RELIANCE.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bajaj Finserv Limited (BAJAJFINSV.NS) and Reliance Industries Ltd (RELIANCE.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with BAJAJFINSV.NS having a -16.18% return and RELIANCE.NS slightly lower at -16.98%. Over the past 10 years, BAJAJFINSV.NS has outperformed RELIANCE.NS with an annualized return of 24.85%, while RELIANCE.NS has yielded a comparatively lower 20.29% annualized return.

BAJAJFINSV.NS

• 1D: -1.42%
• 1M: -6.88%
• YTD: -16.18%
• 6M: -18.45%
• 1Y: -12.05%
• 3Y*: 5.51%
• 5Y*: 7.16%
• 10Y*: 24.85%

RELIANCE.NS

• 1D: -0.72%
• 1M: -9.33%
• YTD: -16.98%
• 6M: -15.38%
• 1Y: -9.27%
• 3Y*: 5.40%
• 5Y*: 5.98%
• 10Y*: 20.29%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAJAJFINSV.NS vs. RELIANCE.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJAJFINSV.NS Bajaj Finserv Limited	-16.18%	29.99%	-6.93%	9.17%	-5.93%	85.20%	-5.62%	45.59%	23.69%	81.81%
RELIANCE.NS Reliance Industries Ltd	-16.98%	29.62%	-5.64%	12.28%	7.89%	19.94%	32.52%	35.54%	23.13%	71.65%

Correlation

The correlation between BAJAJFINSV.NS and RELIANCE.NS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 27, 2008	0.27

The correlation between BAJAJFINSV.NS and RELIANCE.NS shifts across timeframes, from 0.27 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BAJAJFINSV.NS vs. RELIANCE.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAJAJFINSV.NS

BAJAJFINSV.NS Risk / Return Rank: 18
BAJAJFINSV.NS Sharpe Ratio Rank: 16
BAJAJFINSV.NS Sortino Ratio Rank: 16
BAJAJFINSV.NS Omega Ratio Rank: 17
BAJAJFINSV.NS Calmar Ratio Rank: 24
BAJAJFINSV.NS Martin Ratio Rank: 15

RELIANCE.NS

RELIANCE.NS Risk / Return Rank: 24
RELIANCE.NS Sharpe Ratio Rank: 24
RELIANCE.NS Sortino Ratio Rank: 21
RELIANCE.NS Omega Ratio Rank: 21
RELIANCE.NS Calmar Ratio Rank: 27
RELIANCE.NS Martin Ratio Rank: 25

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAJAJFINSV.NS vs. RELIANCE.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bajaj Finserv Limited (BAJAJFINSV.NS) and Reliance Industries Ltd (RELIANCE.NS). 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.

	BAJAJFINSV.NS	RELIANCE.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	-0.40	-0.18
Sortino ratio: Return per unit of downside risk	-0.70	-0.44	-0.27
Omega ratio: Gain probability vs. loss probability	0.92	0.95	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.51	-0.44	-0.07
Martin ratio: Return relative to average drawdown	-1.21	-0.82	-0.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAJAJFINSV.NS vs. RELIANCE.NS - Sharpe Ratio Comparison

The current BAJAJFINSV.NS Sharpe Ratio is -0.58, which is lower than the RELIANCE.NS Sharpe Ratio of -0.40. The chart below compares the historical Sharpe Ratios of BAJAJFINSV.NS and RELIANCE.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAJAJFINSV.NS	RELIANCE.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.58	-0.40	-0.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	0.27	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.76	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.41	+0.18

Drawdowns

BAJAJFINSV.NS vs. RELIANCE.NS - Drawdown Comparison

The maximum BAJAJFINSV.NS drawdown since its inception was -86.73%, which is greater than RELIANCE.NS's maximum drawdown of -72.43%. Use the drawdown chart below to compare losses from any high point for BAJAJFINSV.NS and RELIANCE.NS.

Drawdown Indicators

	BAJAJFINSV.NS	RELIANCE.NS	Difference
Max Drawdown Largest peak-to-trough decline	-86.73%	-72.43%	-14.30%
Max Drawdown (1Y) Largest decline over 1 year	-25.03%	-18.12%	-6.91%
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	-27.26%	+2.23%
Max Drawdown (5Y) Largest decline over 5 years	-42.29%	-27.26%	-15.03%
Max Drawdown (10Y) Largest decline over 10 years	-58.71%	-44.76%	-13.95%
Current Drawdown Current decline from peak	-21.45%	-18.12%	-3.33%
Average Drawdown Average peak-to-trough decline	-18.70%	-24.44%	+5.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.46%	9.60%	+0.86%

Volatility

BAJAJFINSV.NS vs. RELIANCE.NS - Volatility Comparison

Bajaj Finserv Limited (BAJAJFINSV.NS) and Reliance Industries Ltd (RELIANCE.NS) have volatilities of 5.41% and 5.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAJAJFINSV.NS	RELIANCE.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.41%	5.60%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	16.88%	16.21%	+0.67%
Volatility (1Y) Calculated over the trailing 1-year period	21.95%	19.85%	+2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.39%	22.13%	+4.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.89%	27.06%	+5.83%

Dividends

BAJAJFINSV.NS vs. RELIANCE.NS - Dividend Comparison

BAJAJFINSV.NS's dividend yield for the trailing twelve months is around 0.06%, less than RELIANCE.NS's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAJAJFINSV.NS Bajaj Finserv Limited	0.06%	0.05%	0.06%	0.05%	0.03%	0.02%	0.06%	0.03%	0.03%	0.03%	0.06%	0.09%
RELIANCE.NS Reliance Industries Ltd	0.42%	0.35%	0.41%	0.35%	0.35%	0.33%	0.36%	0.47%	0.59%	0.66%	1.07%	1.09%

Financials

Frequently Asked Questions

Can I hold both BAJAJFINSV.NS and RELIANCE.NS in my portfolio?

BAJAJFINSV.NS and RELIANCE.NS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.