BAJFINANCE.NS vs. CVNA

Last updated Jun 13, 2026

BAJFINANCE.NS (Bajaj Finance Limited) and CVNA (Carvana Co.) are both stocks. BAJFINANCE.NS operates in Credit Services (Financial Services), while CVNA operates in Internet Retail (Consumer Cyclical). Over the past 5 years, BAJFINANCE.NS returned 9.36%/yr vs 8.65%/yr for CVNA. At a 0.06 correlation, their price movements are largely independent.

Performance

BAJFINANCE.NS vs. CVNA - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bajaj Finance Limited (BAJFINANCE.NS) and Carvana Co. (CVNA). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

BAJFINANCE.NS is traded in INR, while CVNA is traded in USD. To make them comparable, the CVNA values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, BAJFINANCE.NS achieves a -6.94% return, which is significantly higher than CVNA's -19.60% return.

BAJFINANCE.NS

• 1D: 5.49%
• 1M: 2.47%
• YTD: -6.94%
• 6M: -9.73%
• 1Y: -1.98%
• 3Y*: 9.74%
• 5Y*: 9.36%
• 10Y*: 29.85%

CVNA

• 1D: -6.13%
• 1M: -8.80%
• YTD: -19.60%
• 6M: -26.13%
• 1Y: 11.73%
• 3Y*: 150.73%
• 5Y*: 8.65%
• 10Y*: —

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

BAJFINANCE.NS vs. CVNA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJFINANCE.NS Bajaj Finance Limited	-6.94%	46.42%	-5.95%	12.40%	-5.07%	32.19%	25.62%	60.66%	51.09%	44.05%
CVNA Carvana Co.	-19.60%	117.46%	295.77%	1,024.59%	-97.74%	-1.31%	166.77%	188.55%	86.57%	40.35%

Correlation

The correlation between BAJFINANCE.NS and CVNA is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.02
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017	0.06

Return for Risk

BAJFINANCE.NS vs. CVNA — 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: 38
BAJFINANCE.NS Sharpe Ratio Rank: 40
BAJFINANCE.NS Sortino Ratio Rank: 34
BAJFINANCE.NS Omega Ratio Rank: 34
BAJFINANCE.NS Calmar Ratio Rank: 41
BAJFINANCE.NS Martin Ratio Rank: 40

CVNA

CVNA Risk / Return Rank: 42
CVNA Sharpe Ratio Rank: 43
CVNA Sortino Ratio Rank: 42
CVNA Omega Ratio Rank: 42
CVNA Calmar Ratio Rank: 43
CVNA Martin Ratio Rank: 42

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. CVNA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bajaj Finance Limited (BAJFINANCE.NS) and Carvana Co. (CVNA). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BAJFINANCE.NS	CVNA	Difference
Sharpe ratio: Return per unit of total volatility	-0.07	0.20	-0.27
Sortino ratio: Return per unit of downside risk	0.11	0.70	-0.59
Omega ratio: Gain probability vs. loss probability	1.01	1.09	-0.07
Calmar ratio: Return relative to maximum drawdown	-0.08	0.30	-0.37
Martin ratio: Return relative to average drawdown	-0.18	0.65	-0.83

BAJFINANCE.NS vs. CVNA - Sharpe Ratio Comparison

The current BAJFINANCE.NS Sharpe Ratio is -0.07, which is lower than the CVNA Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of BAJFINANCE.NS and CVNA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BAJFINANCE.NS vs. CVNA - Drawdown Comparison

The maximum BAJFINANCE.NS drawdown since its inception was -90.67%, smaller than the maximum CVNA drawdown of -98.88%. Use the drawdown chart below to compare losses from any high point for BAJFINANCE.NS and CVNA.

Drawdown Indicators

	BAJFINANCE.NS	CVNA	Difference
Max Drawdown Largest peak-to-trough decline	-90.67%	-98.88%	+8.21%
Max Drawdown (1Y) Largest decline over 1 year	-26.74%	-39.85%	+13.11%
Max Drawdown (3Y) Largest decline over 3 years	-26.74%	-53.41%	+26.67%
Max Drawdown (5Y) Largest decline over 5 years	-33.36%	-98.88%	+65.52%
Max Drawdown (10Y) Largest decline over 10 years	-62.35%	—	—
Current Drawdown Current decline from peak	-16.07%	-30.40%	+14.33%
Average Drawdown Average peak-to-trough decline	-16.96%	-37.02%	+20.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.27%	18.04%	-6.77%

Volatility

BAJFINANCE.NS vs. CVNA - Volatility Comparison

The current volatility for Bajaj Finance Limited (BAJFINANCE.NS) is 8.60%, while Carvana Co. (CVNA) has a volatility of 16.36%. This indicates that BAJFINANCE.NS experiences smaller price fluctuations and is considered to be less risky than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAJFINANCE.NS	CVNA	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.60%	16.36%	-7.76%
Volatility (6M) Calculated over the trailing 6-month period	22.61%	41.30%	-18.69%
Volatility (1Y) Calculated over the trailing 1-year period	29.04%	59.34%	-30.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.95%	110.55%	-82.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.84%	98.61%	-62.77%

Dividends

BAJFINANCE.NS vs. CVNA - Dividend Comparison

Neither BAJFINANCE.NS nor CVNA has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJFINANCE.NS Bajaj Finance Limited	0.00%	1.13%	1.06%	0.82%	0.61%	0.29%	0.38%	0.28%	0.30%	4.10%
CVNA Carvana Co.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

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

BAJFINANCE.NS and CVNA have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.