BHARTIARTL.NS vs. M&M.NS

Last updated Jun 4, 2026

BHARTIARTL.NS (Bharti Airtel Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. BHARTIARTL.NS operates in Telecom Services (Communication Services), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, BHARTIARTL.NS returned 19.60%/yr vs 16.95%/yr for M&M.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

BHARTIARTL.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bharti Airtel Limited (BHARTIARTL.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHARTIARTL.NS achieves a -13.43% return, which is significantly higher than M&M.NS's -18.82% return. Over the past 10 years, BHARTIARTL.NS has outperformed M&M.NS with an annualized return of 19.60%, while M&M.NS has yielded a comparatively lower 16.95% annualized return.

BHARTIARTL.NS

• 1D: 0.45%
• 1M: -0.21%
• YTD: -13.43%
• 6M: -12.60%
• 1Y: -0.12%
• 3Y*: 30.37%
• 5Y*: 28.98%
• 10Y*: 19.60%

M&M.NS

• 1D: 0.43%
• 1M: -3.07%
• YTD: -18.82%
• 6M: -17.49%
• 1Y: -0.37%
• 3Y*: 32.06%
• 5Y*: 31.44%
• 10Y*: 16.95%

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

BHARTIARTL.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHARTIARTL.NS Bharti Airtel Limited	-13.43%	33.34%	55.56%	28.00%	18.71%	36.77%	12.13%	59.06%	-39.89%	74.07%
M&M.NS Mahindra & Mahindra Limited	-18.82%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.84%

Correlation

The correlation between BHARTIARTL.NS and M&M.NS is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Feb 19, 2002	0.27

Return for Risk

BHARTIARTL.NS vs. M&M.NS — Risk / Return Rank

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

BHARTIARTL.NS

BHARTIARTL.NS Risk / Return Rank: 37
BHARTIARTL.NS Sharpe Ratio Rank: 40
BHARTIARTL.NS Sortino Ratio Rank: 33
BHARTIARTL.NS Omega Ratio Rank: 33
BHARTIARTL.NS Calmar Ratio Rank: 40
BHARTIARTL.NS Martin Ratio Rank: 40

M&M.NS

M&M.NS Risk / Return Rank: 37
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 39
M&M.NS Martin Ratio Rank: 39

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.

BHARTIARTL.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bharti Airtel Limited (BHARTIARTL.NS) and Mahindra & Mahindra Limited (M&M.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.

	BHARTIARTL.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	-0.01	+0.01
Sortino ratio: Return per unit of downside risk	0.13	0.17	-0.05
Omega ratio: Gain probability vs. loss probability	1.02	1.02	0.00
Calmar ratio: Return relative to maximum drawdown	-0.01	-0.02	+0.01
Martin ratio: Return relative to average drawdown	-0.01	-0.04	+0.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHARTIARTL.NS vs. M&M.NS - Sharpe Ratio Comparison

The current BHARTIARTL.NS Sharpe Ratio is -0.01, which is higher than the M&M.NS Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of BHARTIARTL.NS and M&M.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BHARTIARTL.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.01	-0.01	+0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.34	1.15	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.57	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.19	+0.39

Drawdowns

BHARTIARTL.NS vs. M&M.NS - Drawdown Comparison

The maximum BHARTIARTL.NS drawdown since its inception was -56.87%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for BHARTIARTL.NS and M&M.NS.

Drawdown Indicators

	BHARTIARTL.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-56.87%	-94.09%	+37.22%
Max Drawdown (1Y) Largest decline over 1 year	-18.58%	-22.91%	+4.33%
Max Drawdown (3Y) Largest decline over 3 years	-18.58%	-22.91%	+4.33%
Max Drawdown (5Y) Largest decline over 5 years	-18.58%	-28.09%	+9.51%
Max Drawdown (10Y) Largest decline over 10 years	-47.22%	-72.28%	+25.06%
Current Drawdown Current decline from peak	-15.75%	-20.81%	+5.06%
Average Drawdown Average peak-to-trough decline	-22.36%	-31.10%	+8.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.54%	9.59%	-1.05%

Volatility

BHARTIARTL.NS vs. M&M.NS - Volatility Comparison

Bharti Airtel Limited (BHARTIARTL.NS) has a higher volatility of 8.10% compared to Mahindra & Mahindra Limited (M&M.NS) at 7.61%. This indicates that BHARTIARTL.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHARTIARTL.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.10%	7.61%	+0.49%
Volatility (6M) Calculated over the trailing 6-month period	14.63%	21.52%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	19.32%	26.76%	-7.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.99%	27.81%	-5.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.16%	30.41%	-1.25%

Dividends

BHARTIARTL.NS vs. M&M.NS - Dividend Comparison

BHARTIARTL.NS's dividend yield for the trailing twelve months is around 0.88%, more than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHARTIARTL.NS Bharti Airtel Limited	0.88%	0.76%	0.50%	0.39%	0.37%	0.00%	0.39%	0.00%	2.51%	0.19%	0.45%	0.66%
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.03%	0.03%	0.03%

Financials

Frequently Asked Questions

Can I hold both BHARTIARTL.NS and M&M.NS in my portfolio?

BHARTIARTL.NS and M&M.NS have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.