BEL.NS vs. BAJFINANCE.NS
BEL.NS (Bharat Electronics Limited) and BAJFINANCE.NS (Bajaj Finance Limited) are both stocks. BEL.NS operates in Aerospace & Defense (Industrials), while BAJFINANCE.NS operates in Credit Services (Financial Services). Over the past 10 years, BEL.NS returned 42.42%/yr vs 29.85%/yr for BAJFINANCE.NS. At a 0.24 correlation, their price movements are largely independent.
Performance
BEL.NS vs. BAJFINANCE.NS - Performance Comparison
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Returns By Period
In the year-to-date period, BEL.NS achieves a 2.16% return, which is significantly higher than BAJFINANCE.NS's -6.94% return. Over the past 10 years, BEL.NS has outperformed BAJFINANCE.NS with an annualized return of 42.42%, while BAJFINANCE.NS has yielded a comparatively lower 29.85% annualized return.
BEL.NS
- 1D
- 1.04%
- 1M
- -5.08%
- YTD
- 2.16%
- 6M
- 4.82%
- 1Y
- 5.62%
- 3Y*
- 50.66%
- 5Y*
- 54.90%
- 10Y*
- 42.42%
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%
BEL.NS vs. BAJFINANCE.NS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEL.NS Bharat Electronics Limited | 2.16% | 37.39% | 60.76% | 87.62% | 51.76% | 90.05% | 31.14% | 33.04% | -49.68% | 77.96% |
BAJFINANCE.NS Bajaj Finance Limited | -6.94% | 46.42% | -5.95% | 12.40% | -5.07% | 32.19% | 25.62% | 60.66% | 51.09% | 119.91% |
Correlation
The correlation between BEL.NS and BAJFINANCE.NS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2006 | 0.24 |
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Return for Risk
BEL.NS vs. BAJFINANCE.NS — Risk / Return Rank
BEL.NS
BAJFINANCE.NS
BEL.NS vs. BAJFINANCE.NS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.NS) and Bajaj Finance Limited (BAJFINANCE.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.
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.
| BEL.NS | BAJFINANCE.NS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.01 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.08 | +0.44 |
| Martin ratioReturn relative to average drawdown | 0.76 | -0.18 | +0.94 |
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Drawdowns
BEL.NS vs. BAJFINANCE.NS - Drawdown Comparison
The maximum BEL.NS drawdown since its inception was -65.63%, smaller than the maximum BAJFINANCE.NS drawdown of -90.67%. Use the drawdown chart below to compare losses from any high point for BEL.NS and BAJFINANCE.NS.
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Drawdown Indicators
| BEL.NS | BAJFINANCE.NS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.63% | -90.67% | +25.04% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -26.74% | +11.11% |
Max Drawdown (3Y)Largest decline over 3 years | -26.90% | -26.74% | -0.16% |
Max Drawdown (5Y)Largest decline over 5 years | -26.90% | -33.36% | +6.46% |
Max Drawdown (10Y)Largest decline over 10 years | -60.39% | -62.35% | +1.96% |
Current DrawdownCurrent decline from peak | -13.22% | -16.07% | +2.85% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -16.96% | +3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.49% | 11.27% | -3.78% |
Volatility
BEL.NS vs. BAJFINANCE.NS - Volatility Comparison
The current volatility for Bharat Electronics Limited (BEL.NS) is 4.98%, while Bajaj Finance Limited (BAJFINANCE.NS) has a volatility of 8.60%. This indicates that BEL.NS experiences smaller price fluctuations and is considered to be less risky than BAJFINANCE.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEL.NS | BAJFINANCE.NS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 8.60% | -3.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.55% | 22.61% | -2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.24% | 29.04% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.04% | 27.95% | +4.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.06% | 35.84% | +5.22% |
Dividends
BEL.NS vs. BAJFINANCE.NS - Dividend Comparison
BEL.NS's dividend yield for the trailing twelve months is around 0.70%, while BAJFINANCE.NS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
BEL.NS Bharat Electronics Limited | 0.70% | 0.60% | 0.75% | 0.98% | 4.50% | 5.72% | 7.00% | 14.39% | 6.82% | 7.41% | 40.80% | 70.28% |
Financials
BEL.NS vs. BAJFINANCE.NS - Financials Comparison
This section allows you to compare key financial metrics between Bharat Electronics Limited and Bajaj Finance Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
BEL.NS and BAJFINANCE.NS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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