BEL.NS vs. ^GSPC
Compare and contrast key facts about Bharat Electronics Limited (BEL.NS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEL.NS or ^GSPC.
Correlation
The correlation between BEL.NS and ^GSPC is 0.14, 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
BEL.NS vs. ^GSPC - Performance Comparison
Key characteristics
BEL.NS:
0.82
^GSPC:
0.58
BEL.NS:
1.26
^GSPC:
0.85
BEL.NS:
1.18
^GSPC:
1.11
BEL.NS:
0.33
^GSPC:
0.78
BEL.NS:
2.65
^GSPC:
3.08
BEL.NS:
12.57%
^GSPC:
2.56%
BEL.NS:
40.51%
^GSPC:
13.51%
BEL.NS:
-100.00%
^GSPC:
-56.78%
BEL.NS:
-99.96%
^GSPC:
-10.13%
Returns By Period
In the year-to-date period, BEL.NS achieves a -3.93% return, which is significantly higher than ^GSPC's -6.12% return. Over the past 10 years, BEL.NS has outperformed ^GSPC with an annualized return of 26.65%, while ^GSPC has yielded a comparatively lower 10.27% annualized return.
BEL.NS
-3.93%
6.25%
-3.46%
48.92%
68.58%
26.65%
^GSPC
-6.12%
-9.01%
-1.33%
6.90%
15.34%
10.27%
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Risk-Adjusted Performance
BEL.NS vs. ^GSPC — Risk-Adjusted Performance Rank
BEL.NS
^GSPC
BEL.NS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.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
BEL.NS vs. ^GSPC - Drawdown Comparison
The maximum BEL.NS drawdown since its inception was -100.00%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BEL.NS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
BEL.NS vs. ^GSPC - Volatility Comparison
Bharat Electronics Limited (BEL.NS) has a higher volatility of 11.43% compared to S&P 500 (^GSPC) at 5.18%. This indicates that BEL.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.