BEL.NS vs. BTC-USD
BEL.NS (Bharat Electronics Limited) is a stock, while BTC-USD (Bitcoin) is a cryptocurrency. Over the past 10 years, BEL.NS returned 42.37%/yr vs 65.43%/yr for BTC-USD. At a correlation of -0.01, they often move in opposite directions.
Performance
BEL.NS vs. BTC-USD - Performance Comparison
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Different Trading Currencies
BEL.NS is traded in INR, while BTC-USD is traded in USD. To make them comparable, the BTC-USD 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 3.55% return, which is significantly higher than BTC-USD's -23.87% return. Over the past 10 years, BEL.NS has underperformed BTC-USD with an annualized return of 42.37%, while BTC-USD has yielded a comparatively higher 65.43% annualized return.
BEL.NS
- 1D
- -0.22%
- 1M
- -6.29%
- YTD
- 3.55%
- 6M
- 7.09%
- 1Y
- 6.16%
- 3Y*
- 52.07%
- 5Y*
- 55.73%
- 10Y*
- 42.37%
BTC-USD
- 1D
- -0.82%
- 1M
- -21.01%
- YTD
- -23.87%
- 6M
- -26.73%
- 1Y
- -33.95%
- 3Y*
- 39.98%
- 5Y*
- 16.94%
- 10Y*
- 65.43%
BEL.NS vs. BTC-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BEL.NS Bharat Electronics Limited | 3.55% | 37.39% | 60.76% | 87.62% | 51.76% | 90.05% | 31.14% | 33.04% | -49.68% | 77.96% |
BTC-USD Bitcoin | -23.87% | -1.79% | 128.66% | 155.14% | -60.22% | 62.58% | 314.74% | 99.02% | -72.36% | 1,321.75% |
Correlation
The correlation between BEL.NS and BTC-USD is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2012 | -0.01 |
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Return for Risk
BEL.NS vs. BTC-USD — Risk / Return Rank
BEL.NS
BTC-USD
BEL.NS vs. BTC-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bharat Electronics Limited (BEL.NS) and Bitcoin (BTC-USD). 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 | BTC-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.01 | ||
| Sortino ratioReturn per unit of downside risk | +1.52 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 0.89 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.37 | -0.70 | +1.07 |
| Martin ratioReturn relative to average drawdown | 0.78 | -1.26 | +2.04 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BEL.NS | BTC-USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.22 | -0.79 | +1.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.78 | 0.31 | +1.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.06 | 0.97 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.22 | -0.94 |
Drawdowns
BEL.NS vs. BTC-USD - Drawdown Comparison
The maximum BEL.NS drawdown since its inception was -65.63%, smaller than the maximum BTC-USD drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for BEL.NS and BTC-USD.
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Drawdown Indicators
| BEL.NS | BTC-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.63% | -85.22% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -15.63% | -48.74% | +33.11% |
Max Drawdown (3Y)Largest decline over 3 years | -26.90% | -48.74% | +21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -26.90% | -74.24% | +47.34% |
Max Drawdown (10Y)Largest decline over 10 years | -60.39% | -81.18% | +20.79% |
Current DrawdownCurrent decline from peak | -12.04% | -45.90% | +33.86% |
Average DrawdownAverage peak-to-trough decline | -13.45% | -39.65% | +26.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.35% | 32.34% | -24.99% |
Volatility
BEL.NS vs. BTC-USD - Volatility Comparison
The current volatility for Bharat Electronics Limited (BEL.NS) is 6.71%, while Bitcoin (BTC-USD) has a volatility of 12.03%. This indicates that BEL.NS experiences smaller price fluctuations and is considered to be less risky than BTC-USD 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 | BTC-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.71% | 12.03% | -5.32% |
Volatility (6M)Calculated over the trailing 6-month period | 20.59% | 35.11% | -14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.22% | 35.78% | -9.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.05% | 45.50% | -13.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.07% | 56.13% | -15.06% |
Frequently Asked Questions
BEL.NS and BTC-USD have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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