BSE.NS vs. MAZDOCK.NS

Last updated Jun 5, 2026

BSE.NS (BSE Limited) and MAZDOCK.NS (Mazagon Dock Shipbuilders Limited) are both stocks. BSE.NS operates in Financial Data & Stock Exchanges (Financial Services), while MAZDOCK.NS operates in Aerospace & Defense (Industrials). Over the past 5 years, BSE.NS returned 108.15%/yr vs 87.23%/yr for MAZDOCK.NS. At a 0.24 correlation, their price movements are largely independent.

Performance

BSE.NS vs. MAZDOCK.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in BSE Limited (BSE.NS) and Mazagon Dock Shipbuilders Limited (MAZDOCK.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSE.NS achieves a 53.23% return, which is significantly higher than MAZDOCK.NS's -1.50% return.

BSE.NS

• 1D: 1.70%
• 1M: 3.22%
• YTD: 53.23%
• 6M: 43.24%
• 1Y: 37.51%
• 3Y*: 175.81%
• 5Y*: 108.15%
• 10Y*: —

MAZDOCK.NS

• 1D: 0.14%
• 1M: -7.98%
• YTD: -1.50%
• 6M: -6.25%
• 1Y: -27.73%
• 3Y*: 72.07%
• 5Y*: 87.23%
• 10Y*: —

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

BSE.NS vs. MAZDOCK.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BSE.NS BSE Limited	53.23%	48.28%	139.75%	307.64%	-14.80%	209.84%	17.43%
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	-1.50%	12.25%	97.05%	190.74%	196.00%	31.81%	27.04%

Correlation

The correlation between BSE.NS and MAZDOCK.NS is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.36
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.24

The correlation between BSE.NS and MAZDOCK.NS shifts across timeframes, from 0.22 (3 years) to 0.36 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BSE.NS vs. MAZDOCK.NS — Risk / Return Rank

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

BSE.NS

BSE.NS Risk / Return Rank: 68
BSE.NS Sharpe Ratio Rank: 73
BSE.NS Sortino Ratio Rank: 69
BSE.NS Omega Ratio Rank: 66
BSE.NS Calmar Ratio Rank: 67
BSE.NS Martin Ratio Rank: 67

MAZDOCK.NS

MAZDOCK.NS Risk / Return Rank: 12
MAZDOCK.NS Sharpe Ratio Rank: 9
MAZDOCK.NS Sortino Ratio Rank: 9
MAZDOCK.NS Omega Ratio Rank: 11
MAZDOCK.NS Calmar Ratio Rank: 15
MAZDOCK.NS Martin Ratio Rank: 15

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.

BSE.NS vs. MAZDOCK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BSE Limited (BSE.NS) and Mazagon Dock Shipbuilders Limited (MAZDOCK.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.

	BSE.NS	MAZDOCK.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.08	-0.82	+1.89
Sortino ratio: Return per unit of downside risk	1.65	-1.16	+2.80
Omega ratio: Gain probability vs. loss probability	1.20	0.87	+0.33
Calmar ratio: Return relative to maximum drawdown	1.36	-0.71	+2.07
Martin ratio: Return relative to average drawdown	3.00	-1.20	+4.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSE.NS vs. MAZDOCK.NS - Sharpe Ratio Comparison

The current BSE.NS Sharpe Ratio is 1.08, which is higher than the MAZDOCK.NS Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of BSE.NS and MAZDOCK.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

	BSE.NS	MAZDOCK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	-0.82	+1.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	2.19	1.73	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	1.70	-0.59

Drawdowns

BSE.NS vs. MAZDOCK.NS - Drawdown Comparison

The maximum BSE.NS drawdown since its inception was -74.96%, which is greater than MAZDOCK.NS's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for BSE.NS and MAZDOCK.NS.

Drawdown Indicators

	BSE.NS	MAZDOCK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-74.96%	-44.60%	-30.36%
Max Drawdown (1Y) Largest decline over 1 year	-32.12%	-38.97%	+6.85%
Max Drawdown (3Y) Largest decline over 3 years	-36.49%	-44.60%	+8.11%
Max Drawdown (5Y) Largest decline over 5 years	-59.63%	-44.60%	-15.03%
Current Drawdown Current decline from peak	-8.40%	-34.41%	+26.01%
Average Drawdown Average peak-to-trough decline	-27.52%	-14.10%	-13.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.65%	23.34%	-8.69%

Volatility

BSE.NS vs. MAZDOCK.NS - Volatility Comparison

BSE Limited (BSE.NS) has a higher volatility of 9.72% compared to Mazagon Dock Shipbuilders Limited (MAZDOCK.NS) at 7.61%. This indicates that BSE.NS's price experiences larger fluctuations and is considered to be riskier than MAZDOCK.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSE.NS	MAZDOCK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.72%	7.61%	+2.11%
Volatility (6M) Calculated over the trailing 6-month period	29.50%	28.07%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	40.72%	34.09%	+6.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.44%	51.66%	-1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.20%	50.64%	-8.44%

Dividends

BSE.NS vs. MAZDOCK.NS - Dividend Comparison

BSE.NS has not paid dividends to shareholders, while MAZDOCK.NS's dividend yield for the trailing twelve months is around 0.66%.

Position	TTM	2025	2024	2023	2022	2021
BSE.NS BSE Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	0.66%	0.47%	0.79%	0.97%	2.25%	2.60%

Financials

Frequently Asked Questions

Can I hold both BSE.NS and MAZDOCK.NS in my portfolio?

BSE.NS and MAZDOCK.NS have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.