BRIGADE.NS vs. M&M.NS

Last updated Jul 21, 2026

BRIGADE.NS (Brigade Enterprises Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. BRIGADE.NS operates in Real Estate - Development (Real Estate), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, BRIGADE.NS returned 30.57%/yr vs 56.27%/yr for M&M.NS. At a 0.25 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Brigade Enterprises Limited (BRIGADE.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, BRIGADE.NS achieves a 13.26% return, which is significantly higher than M&M.NS's -13.76% return. Over the past 10 years, BRIGADE.NS has underperformed M&M.NS with an annualized return of 30.57%, while M&M.NS has yielded a comparatively higher 56.27% annualized return.

BRIGADE.NS

• 1D: -0.50%
• 1M: 3.36%
• 6M: 24.20%
• YTD: 13.26%
• 1Y: -9.43%
• 3Y*: 20.92%
• 5Y*: 26.84%
• 10Y*: 30.57%
• ALL TIME*: 12.35%

M&M.NS

• 1D: -0.43%
• 1M: 4.03%
• 6M: -12.54%
• YTD: -13.76%
• 1Y: 0.20%
• 3Y*: 28.70%
• 5Y*: 107.95%
• 10Y*: 56.27%
• ALL TIME*: 38.40%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRIGADE.NS Brigade Enterprises Limited	13.26%	-28.47%	39.00%	94.01%	-4.62%	98.12%	14.98%	129.95%	-28.89%	115.24%
M&M.NS Mahindra & Mahindra Limited	-13.76%	24.34%	75.15%	1,147.20%	50.75%	17.48%	36.15%	-32.95%	7.89%	158.48%

Correlation

The correlation between BRIGADE.NS and M&M.NS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 31, 2007	0.25

The correlation between BRIGADE.NS and M&M.NS shifts across timeframes, from 0.24 (10 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

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

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

BRIGADE.NS

BRIGADE.NS Risk / Return Rank: 37
BRIGADE.NS Sharpe Ratio Rank: 37
BRIGADE.NS Sortino Ratio Rank: 36
BRIGADE.NS Omega Ratio Rank: 36
BRIGADE.NS Calmar Ratio Rank: 38
BRIGADE.NS Martin Ratio Rank: 39

M&M.NS

M&M.NS Risk / Return Rank: 43
M&M.NS Sharpe Ratio Rank: 46
M&M.NS Sortino Ratio Rank: 40
M&M.NS Omega Ratio Rank: 39
M&M.NS Calmar Ratio Rank: 45
M&M.NS Martin Ratio Rank: 45

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.

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

This table presents a comparison of risk-adjusted performance metrics for Brigade Enterprises Limited (BRIGADE.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.

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.

	BRIGADE.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.18	0.01	-0.19
Sortino ratio: Return per unit of downside risk	0.08	0.21	-0.13
Omega ratio: Gain probability vs. loss probability	1.01	1.02	-0.02
Calmar ratio: Return relative to maximum drawdown	-0.23	0.01	-0.24
Martin ratio: Return relative to average drawdown	-0.38	0.02	-0.40

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

The current BRIGADE.NS Sharpe Ratio is -0.18, which is lower than the M&M.NS Sharpe Ratio of 0.01. The chart below compares the historical Sharpe Ratios of BRIGADE.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.

Drawdowns

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

The maximum BRIGADE.NS drawdown since its inception was -93.02%, which is greater than M&M.NS's maximum drawdown of -72.28%. Use the drawdown chart below to compare losses from any high point for BRIGADE.NS and M&M.NS.

Drawdown Indicators

	BRIGADE.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-93.02%	-72.28%	-20.74%
Max Drawdown (1Y) Largest decline over 1 year	-42.12%	-22.91%	-19.21%
Max Drawdown (3Y) Largest decline over 3 years	-55.45%	-22.91%	-32.54%
Max Drawdown (5Y) Largest decline over 5 years	-55.45%	-28.09%	-27.36%
Max Drawdown (10Y) Largest decline over 10 years	-61.47%	-72.28%	+10.81%
Current Drawdown Current decline from peak	-29.64%	-15.88%	-13.76%
Average Drawdown Average peak-to-trough decline	-42.73%	-14.72%	-28.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	26.60%	11.49%	+15.11%

Volatility

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

Brigade Enterprises Limited (BRIGADE.NS) has a higher volatility of 14.85% compared to Mahindra & Mahindra Limited (M&M.NS) at 7.98%. This indicates that BRIGADE.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

	BRIGADE.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.85%	7.98%	+6.87%
Volatility (6M) Calculated over the trailing 6-month period	43.56%	23.11%	+20.45%
Volatility (1Y) Calculated over the trailing 1-year period	52.52%	28.17%	+24.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.59%	362.53%	-320.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.29%	259.06%	-213.77%

Dividends

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

BRIGADE.NS's dividend yield for the trailing twelve months is around 0.44%, less than M&M.NS's 1.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRIGADE.NS Brigade Enterprises Limited	0.44%	0.50%	0.29%	0.40%	0.57%	0.44%	0.54%	1.08%	2.45%	2.12%	0.00%	3.47%
M&M.NS Mahindra & Mahindra Limited	1.04%	0.68%	0.70%	80.75%	0.92%	1.05%	0.33%	1.60%	0.93%	0.87%	2.03%	1.89%

Financials

Frequently Asked Questions

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

BRIGADE.NS and M&M.NS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.