BAJFINANCE.NS vs. ^BSESN

Last updated Jun 5, 2026

BAJFINANCE.NS (Bajaj Finance Limited) is a stock, while ^BSESN (S&P BSE SENSEX) is an index. Over the past 10 years, BAJFINANCE.NS returned 27.37%/yr vs 10.75%/yr for ^BSESN. At a 0.34 correlation, their price movements are largely independent.

Performance

BAJFINANCE.NS vs. ^BSESN - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bajaj Finance Limited (BAJFINANCE.NS) and S&P BSE SENSEX (^BSESN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAJFINANCE.NS achieves a -11.36% return, which is significantly higher than ^BSESN's -12.74% return. Over the past 10 years, BAJFINANCE.NS has outperformed ^BSESN with an annualized return of 27.37%, while ^BSESN has yielded a comparatively lower 10.75% annualized return.

BAJFINANCE.NS

• 1D: -0.26%
• 1M: -8.89%
• YTD: -11.36%
• 6M: -14.87%
• 1Y: -2.79%
• 3Y*: 7.48%
• 5Y*: 7.89%
• 10Y*: 27.37%

^BSESN

• 1D: 0.02%
• 1M: -3.45%
• YTD: -12.74%
• 6M: -12.79%
• 1Y: -8.20%
• 3Y*: 5.80%
• 5Y*: 7.37%
• 10Y*: 10.75%

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

BAJFINANCE.NS vs. ^BSESN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJFINANCE.NS Bajaj Finance Limited	-11.36%	44.34%	-6.56%	11.22%	-5.61%	31.79%	25.15%	59.98%	50.06%	108.63%
^BSESN S&P BSE SENSEX	-12.74%	9.06%	8.17%	18.74%	4.44%	21.99%	15.75%	14.38%	5.91%	27.91%

Correlation

The correlation between BAJFINANCE.NS and ^BSESN is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.54
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jul 2, 1997	0.34

Over the past year, BAJFINANCE.NS and ^BSESN have become more correlated (0.59) than their long-term average of 0.34, meaning their price movements have been converging.

Return for Risk

BAJFINANCE.NS vs. ^BSESN — Risk / Return Rank

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

BAJFINANCE.NS

BAJFINANCE.NS Risk / Return Rank: 35
BAJFINANCE.NS Sharpe Ratio Rank: 37
BAJFINANCE.NS Sortino Ratio Rank: 32
BAJFINANCE.NS Omega Ratio Rank: 32
BAJFINANCE.NS Calmar Ratio Rank: 38
BAJFINANCE.NS Martin Ratio Rank: 37

^BSESN

^BSESN Risk / Return Rank: 1
^BSESN Sharpe Ratio Rank: 2
^BSESN Sortino Ratio Rank: 2
^BSESN Omega Ratio Rank: 2
^BSESN Calmar Ratio Rank: 1
^BSESN Martin Ratio Rank: 0

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.

BAJFINANCE.NS vs. ^BSESN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bajaj Finance Limited (BAJFINANCE.NS) and S&P BSE SENSEX (^BSESN). 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.

	BAJFINANCE.NS	^BSESN	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	-0.64	+0.54
Sortino ratio: Return per unit of downside risk	0.07	-0.81	+0.87
Omega ratio: Gain probability vs. loss probability	1.01	0.90	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.11	-0.52	+0.41
Martin ratio: Return relative to average drawdown	-0.26	-1.36	+1.09
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAJFINANCE.NS vs. ^BSESN - Sharpe Ratio Comparison

The current BAJFINANCE.NS Sharpe Ratio is -0.10, which is higher than the ^BSESN Sharpe Ratio of -0.64. The chart below compares the historical Sharpe Ratios of BAJFINANCE.NS and ^BSESN, 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

	BAJFINANCE.NS	^BSESN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	-0.64	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	0.54	-0.26
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	0.67	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.47	+0.03

Drawdowns

BAJFINANCE.NS vs. ^BSESN - Drawdown Comparison

The maximum BAJFINANCE.NS drawdown since its inception was -91.84%, which is greater than ^BSESN's maximum drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for BAJFINANCE.NS and ^BSESN.

Drawdown Indicators

	BAJFINANCE.NS	^BSESN	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-60.91%	-30.93%
Max Drawdown (1Y) Largest decline over 1 year	-26.50%	-16.11%	-10.39%
Max Drawdown (3Y) Largest decline over 3 years	-26.50%	-16.18%	-10.32%
Max Drawdown (5Y) Largest decline over 5 years	-33.38%	-16.85%	-16.53%
Max Drawdown (10Y) Largest decline over 10 years	-62.42%	-38.07%	-24.35%
Current Drawdown Current decline from peak	-19.86%	-13.37%	-6.49%
Average Drawdown Average peak-to-trough decline	-32.84%	-13.75%	-19.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.70%	6.09%	+4.61%

Volatility

BAJFINANCE.NS vs. ^BSESN - Volatility Comparison

Bajaj Finance Limited (BAJFINANCE.NS) has a higher volatility of 7.53% compared to S&P BSE SENSEX (^BSESN) at 3.67%. This indicates that BAJFINANCE.NS's price experiences larger fluctuations and is considered to be riskier than ^BSESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAJFINANCE.NS	^BSESN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	3.67%	+3.86%
Volatility (6M) Calculated over the trailing 6-month period	22.08%	11.59%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	29.12%	13.10%	+16.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.02%	13.82%	+14.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.79%	16.34%	+19.45%

Frequently Asked Questions

Can I hold both BAJFINANCE.NS and ^BSESN in my portfolio?

BAJFINANCE.NS and ^BSESN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.