BEL.NS vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Bharat Electronics Limited (BEL.NS) and S&P 500 Index (^GSPC).

Performance

BEL.NS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bharat Electronics Limited (BEL.NS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BEL.NS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BEL.NS Bharat Electronics Limited	5.95%	37.39%	60.76%	87.62%	45.68%	79.86%	23.47%	17.07%	-51.05%	47.74%
^GSPC S&P 500 Index	-0.36%	21.96%	27.04%	25.09%	-10.78%	29.42%	19.18%	32.15%	2.25%	12.00%

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 5.95% return, which is significantly higher than ^GSPC's -0.36% return. Over the past 10 years, BEL.NS has outperformed ^GSPC with an annualized return of 30.08%, while ^GSPC has yielded a comparatively lower 16.16% annualized return.

BEL.NS

• 1D: 0.69%
• 1M: -6.73%
• YTD: 5.95%
• 6M: 4.16%
• 1Y: 50.28%
• 3Y*: 64.88%
• 5Y*: 60.69%
• 10Y*: 30.08%

^GSPC

• 1D: 0.00%
• 1M: -2.31%
• YTD: -0.36%
• 6M: 2.90%
• 1Y: 26.21%
• 3Y*: 21.79%
• 5Y*: 15.70%
• 10Y*: 16.16%

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

Return for Risk

BEL.NS vs. ^GSPC — Risk / Return Rank

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

BEL.NS

BEL.NS Risk / Return Rank: 84
BEL.NS Sharpe Ratio Rank: 88
BEL.NS Sortino Ratio Rank: 88
BEL.NS Omega Ratio Rank: 83
BEL.NS Calmar Ratio Rank: 81
BEL.NS Martin Ratio Rank: 79

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

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 ratio Return per unit of total volatility	1.87	1.45	+0.42
Sortino ratio Return per unit of downside risk	2.78	2.08	+0.70
Omega ratio Gain probability vs. loss probability	1.32	1.32	0.00
Calmar ratio Return relative to maximum drawdown	2.61	2.41	+0.20
Martin ratio Return relative to average drawdown	6.30	10.91	-4.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BEL.NS vs. ^GSPC - Sharpe Ratio Comparison

The current BEL.NS Sharpe Ratio is 1.87, which is comparable to the ^GSPC Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BEL.NS and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BEL.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.87	1.45	+0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.91	0.98	+0.93
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.95	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.67	-0.63

Correlation

The correlation between BEL.NS and ^GSPC is 0.05, 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.

Drawdowns

BEL.NS vs. ^GSPC - Drawdown Comparison

The maximum BEL.NS drawdown since its inception was -97.64%, 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.

Drawdown Indicators

	BEL.NS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-97.64%	-56.78%	-40.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.63%	-9.10%	-6.53%
Max Drawdown (5Y) Largest decline over 5 years	-26.90%	-25.43%	-1.47%
Max Drawdown (10Y) Largest decline over 10 years	-67.21%	-33.92%	-33.29%
Current Drawdown Current decline from peak	-10.00%	-5.67%	-4.33%
Average Drawdown Average peak-to-trough decline	-66.24%	-10.75%	-55.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.48%	2.62%	+3.86%

Volatility

BEL.NS vs. ^GSPC - Volatility Comparison

Bharat Electronics Limited (BEL.NS) has a higher volatility of 10.98% compared to S&P 500 Index (^GSPC) at 4.02%. 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.

Volatility by Period

	BEL.NS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.98%	4.02%	+6.96%
Volatility (6M) Calculated over the trailing 6-month period	19.87%	9.34%	+10.53%
Volatility (1Y) Calculated over the trailing 1-year period	27.34%	18.16%	+9.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.50%	16.11%	+16.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.88%	17.08%	+18.80%