BEL.NS vs. ^GSPC
BEL.NS (Bharat Electronics Limited) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, BEL.NS returned 29.93%/yr vs 17.78%/yr for ^GSPC. At a 0.05 correlation, their price movements are largely independent.
Performance
BEL.NS vs. ^GSPC - Performance Comparison
Loading charts...
Different Trading Currencies
BEL.NS is traded in INR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to INR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BEL.NS achieves a 3.01% return, which is significantly lower than ^GSPC's 18.12% return. Over the past 10 years, BEL.NS has outperformed ^GSPC with an annualized return of 29.93%, while ^GSPC has yielded a comparatively lower 17.78% annualized return.
BEL.NS
- 1D
- 0.81%
- 1M
- -5.41%
- YTD
- 3.01%
- 6M
- 1.10%
- 1Y
- 5.63%
- 3Y*
- 53.83%
- 5Y*
- 53.77%
- 10Y*
- 29.93%
^GSPC
- 1D
- 0.49%
- 1M
- 5.14%
- YTD
- 18.12%
- 6M
- 17.99%
- 1Y
- 41.74%
- 3Y*
- 27.26%
- 5Y*
- 18.66%
- 10Y*
- 17.78%
BEL.NS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEL.NS Bharat Electronics Limited | 3.01% | 37.39% | 60.76% | 87.62% | 45.68% | 79.86% | 23.47% | 17.07% | -51.05% | 47.74% |
^GSPC S&P 500 Index | 18.12% | 21.96% | 27.04% | 25.09% | -10.78% | 29.42% | 19.18% | 32.15% | 2.25% | 12.00% |
Correlation
The correlation between BEL.NS and ^GSPC is 0.00, 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 | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007 | 0.05 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BEL.NS vs. ^GSPC — Risk / Return Rank
BEL.NS
^GSPC
BEL.NS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.NS) and S&P 500 Index (^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.
| BEL.NS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.39 | ||
| Sortino ratioReturn per unit of downside risk | -4.27 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.65 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 6.18 | -5.82 |
| Martin ratioReturn relative to average drawdown | 0.77 | 24.03 | -23.27 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BEL.NS | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | 3.62 | -3.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.72 | 1.16 | +0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | 1.04 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 0.73 | +0.02 |
Drawdowns
BEL.NS vs. ^GSPC - Drawdown Comparison
The maximum BEL.NS drawdown since its inception was -73.29%, which is greater than ^GSPC's maximum drawdown of -43.99%. Use the drawdown chart below to compare losses from any high point for BEL.NS and ^GSPC.
Loading charts...
Drawdown Indicators
| BEL.NS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.29% | -43.99% | -29.30% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -6.78% | -8.85% |
Max Drawdown (3Y)Largest decline over 3 years | -26.90% | -19.29% | -7.61% |
Max Drawdown (5Y)Largest decline over 5 years | -26.90% | -20.51% | -6.39% |
Max Drawdown (10Y)Largest decline over 10 years | -67.21% | -28.50% | -38.71% |
Current DrawdownCurrent decline from peak | -12.50% | 0.00% | -12.50% |
Average DrawdownAverage peak-to-trough decline | -20.48% | -6.14% | -14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.34% | 1.74% | +5.60% |
Volatility
BEL.NS vs. ^GSPC - Volatility Comparison
Bharat Electronics Limited (BEL.NS) has a higher volatility of 6.59% compared to S&P 500 Index (^GSPC) at 2.87%. 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.
Loading charts...
Volatility by Period
| BEL.NS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.87% | +3.72% |
Volatility (6M)Calculated over the trailing 6-month period | 19.68% | 8.51% | +11.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.27% | 11.60% | +13.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.97% | 16.11% | +15.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.82% | 17.09% | +18.73% |
Frequently Asked Questions
BEL.NS and ^GSPC have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for BEL.NS and ^GSPC
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer