BAJFINANCE.NS vs. JIOFIN.NS

Last updated Jun 5, 2026

BAJFINANCE.NS (Bajaj Finance Limited) and JIOFIN.NS (Jio Financial Services Limited) are both stocks. Both are in the Financial Services sector — BAJFINANCE.NS in Credit Services, JIOFIN.NS in Asset Management. Over the past year, BAJFINANCE.NS returned -2.79% vs -18.68% for JIOFIN.NS. At a 0.34 correlation, their price movements are largely independent.

Performance

BAJFINANCE.NS vs. JIOFIN.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bajaj Finance Limited (BAJFINANCE.NS) and Jio Financial Services Limited (JIOFIN.NS). 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 JIOFIN.NS's -20.07% 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%

JIOFIN.NS

• 1D: 0.30%
• 1M: -5.12%
• YTD: -20.07%
• 6M: -22.00%
• 1Y: -18.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BAJFINANCE.NS vs. JIOFIN.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BAJFINANCE.NS Bajaj Finance Limited	-11.36%	44.34%	-6.56%	3.75%
JIOFIN.NS Jio Financial Services Limited	-20.07%	-1.10%	28.22%	-6.41%

Correlation

The correlation between BAJFINANCE.NS and JIOFIN.NS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (All Time) Calculated using the full available price history since Aug 22, 2023	0.34

Return for Risk

BAJFINANCE.NS vs. JIOFIN.NS — 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

JIOFIN.NS

JIOFIN.NS Risk / Return Rank: 16
JIOFIN.NS Sharpe Ratio Rank: 12
JIOFIN.NS Sortino Ratio Rank: 13
JIOFIN.NS Omega Ratio Rank: 14
JIOFIN.NS Calmar Ratio Rank: 22
JIOFIN.NS Martin Ratio Rank: 19

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. JIOFIN.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bajaj Finance Limited (BAJFINANCE.NS) and Jio Financial Services Limited (JIOFIN.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.

	BAJFINANCE.NS	JIOFIN.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.10	-0.70	+0.60
Sortino ratio: Return per unit of downside risk	0.07	-0.92	+0.99
Omega ratio: Gain probability vs. loss probability	1.01	0.89	+0.11
Calmar ratio: Return relative to maximum drawdown	-0.11	-0.57	+0.46
Martin ratio: Return relative to average drawdown	-0.26	-1.08	+0.82
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. JIOFIN.NS - Sharpe Ratio Comparison

The current BAJFINANCE.NS Sharpe Ratio is -0.10, which is higher than the JIOFIN.NS Sharpe Ratio of -0.70. The chart below compares the historical Sharpe Ratios of BAJFINANCE.NS and JIOFIN.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

	BAJFINANCE.NS	JIOFIN.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.10	-0.70	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	-0.06	+0.55

Drawdowns

BAJFINANCE.NS vs. JIOFIN.NS - Drawdown Comparison

The maximum BAJFINANCE.NS drawdown since its inception was -91.84%, which is greater than JIOFIN.NS's maximum drawdown of -48.21%. Use the drawdown chart below to compare losses from any high point for BAJFINANCE.NS and JIOFIN.NS.

Drawdown Indicators

	BAJFINANCE.NS	JIOFIN.NS	Difference
Max Drawdown Largest peak-to-trough decline	-91.84%	-48.21%	-43.63%
Max Drawdown (1Y) Largest decline over 1 year	-26.50%	-32.78%	+6.28%
Max Drawdown (3Y) Largest decline over 3 years	-26.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.38%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-62.42%	—	—
Current Drawdown Current decline from peak	-19.86%	-39.14%	+19.28%
Average Drawdown Average peak-to-trough decline	-32.84%	-19.80%	-13.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.70%	17.24%	-6.54%

Volatility

BAJFINANCE.NS vs. JIOFIN.NS - Volatility Comparison

Bajaj Finance Limited (BAJFINANCE.NS) has a higher volatility of 7.53% compared to Jio Financial Services Limited (JIOFIN.NS) at 6.83%. This indicates that BAJFINANCE.NS's price experiences larger fluctuations and is considered to be riskier than JIOFIN.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAJFINANCE.NS	JIOFIN.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.53%	6.83%	+0.70%
Volatility (6M) Calculated over the trailing 6-month period	22.08%	22.29%	-0.21%
Volatility (1Y) Calculated over the trailing 1-year period	29.12%	26.66%	+2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.02%	33.56%	-5.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.79%	33.56%	+2.23%

Dividends

BAJFINANCE.NS vs. JIOFIN.NS - Dividend Comparison

BAJFINANCE.NS has not paid dividends to shareholders, while JIOFIN.NS's dividend yield for the trailing twelve months is around 0.21%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJFINANCE.NS Bajaj Finance Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
JIOFIN.NS Jio Financial Services Limited	0.21%	0.17%	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 JIOFIN.NS in my portfolio?

BAJFINANCE.NS and JIOFIN.NS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.