COFORGE.NS vs. M

Last updated Jun 4, 2026

COFORGE.NS (Coforge Limited) and M (Macy's, Inc.) are both stocks. COFORGE.NS operates in Information Technology Services (Technology), while M operates in Department Stores (Consumer Cyclical). Over the past 10 years, COFORGE.NS returned 30.61%/yr vs 3.49%/yr for M. At a 0.02 correlation, their price movements are largely independent.

Performance

COFORGE.NS vs. M - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Coforge Limited (COFORGE.NS) and Macy's, Inc. (M). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

COFORGE.NS is traded in INR, while M is traded in USD. To make them comparable, the M values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, COFORGE.NS achieves a -14.45% return, which is significantly lower than M's 6.51% return. Over the past 10 years, COFORGE.NS has outperformed M with an annualized return of 30.61%, while M has yielded a comparatively lower 3.49% annualized return.

COFORGE.NS

• 1D: -5.65%
• 1M: 23.14%
• YTD: -14.45%
• 6M: -25.73%
• 1Y: -15.78%
• 3Y*: 15.97%
• 5Y*: 14.25%
• 10Y*: 30.61%

M

• 1D: 0.75%
• 1M: 14.77%
• YTD: 6.51%
• 6M: 4.99%
• 1Y: 121.72%
• 3Y*: 23.30%
• 5Y*: 13.89%
• 10Y*: 3.49%

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

COFORGE.NS vs. M - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COFORGE.NS Coforge Limited	-14.45%	-13.61%	54.02%	62.23%	-34.00%	117.41%	70.13%	38.18%	77.79%	49.66%
M Macy's, Inc.	6.51%	43.09%	-9.76%	2.34%	-9.92%	140.49%	-29.35%	-36.64%	34.84%	-29.93%

Correlation

The correlation between COFORGE.NS and M is 0.05, 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	0.05
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.01
Correlation (All Time) Calculated using the full available price history since Jul 3, 2007	0.02

Return for Risk

COFORGE.NS vs. M — Risk / Return Rank

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

COFORGE.NS

COFORGE.NS Risk / Return Rank: 24
COFORGE.NS Sharpe Ratio Rank: 22
COFORGE.NS Sortino Ratio Rank: 21
COFORGE.NS Omega Ratio Rank: 21
COFORGE.NS Calmar Ratio Rank: 29
COFORGE.NS Martin Ratio Rank: 27

M

M Risk / Return Rank: 86
M Sharpe Ratio Rank: 89
M Sortino Ratio Rank: 89
M Omega Ratio Rank: 85
M Calmar Ratio Rank: 84
M Martin Ratio Rank: 84

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.

COFORGE.NS vs. M - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Coforge Limited (COFORGE.NS) and Macy's, Inc. (M). 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.

	COFORGE.NS	M	Difference
Sharpe ratio: Return per unit of total volatility	-0.44	2.72	-3.16
Sortino ratio: Return per unit of downside risk	-0.41	3.79	-4.20
Omega ratio: Gain probability vs. loss probability	0.95	1.44	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.35	4.50	-4.86
Martin ratio: Return relative to average drawdown	-0.73	11.55	-12.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COFORGE.NS vs. M - Sharpe Ratio Comparison

The current COFORGE.NS Sharpe Ratio is -0.44, which is lower than the M Sharpe Ratio of 2.72. The chart below compares the historical Sharpe Ratios of COFORGE.NS and M, 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

	COFORGE.NS	M	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.44	2.72	-3.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.26	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	0.06	+0.71
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.09	+0.36

Drawdowns

COFORGE.NS vs. M - Drawdown Comparison

The maximum COFORGE.NS drawdown since its inception was -89.46%, roughly equal to the maximum M drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for COFORGE.NS and M.

Drawdown Indicators

	COFORGE.NS	M	Difference
Max Drawdown Largest peak-to-trough decline	-89.46%	-90.19%	+0.73%
Max Drawdown (1Y) Largest decline over 1 year	-45.27%	-27.18%	-18.09%
Max Drawdown (3Y) Largest decline over 3 years	-45.27%	-49.25%	+3.98%
Max Drawdown (5Y) Largest decline over 5 years	-47.24%	-65.97%	+18.73%
Max Drawdown (10Y) Largest decline over 10 years	-57.86%	-86.53%	+28.67%
Current Drawdown Current decline from peak	-27.81%	-28.27%	+0.46%
Average Drawdown Average peak-to-trough decline	-26.61%	-42.32%	+15.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.75%	10.58%	+11.17%

Volatility

COFORGE.NS vs. M - Volatility Comparison

Coforge Limited (COFORGE.NS) has a higher volatility of 15.90% compared to Macy's, Inc. (M) at 12.48%. This indicates that COFORGE.NS's price experiences larger fluctuations and is considered to be riskier than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COFORGE.NS	M	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.90%	12.48%	+3.42%
Volatility (6M) Calculated over the trailing 6-month period	29.09%	27.46%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	36.44%	45.02%	-8.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.17%	53.56%	-17.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	40.59%	55.61%	-15.02%

Dividends

COFORGE.NS vs. M - Dividend Comparison

COFORGE.NS's dividend yield for the trailing twelve months is around 0.84%, less than M's 3.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COFORGE.NS Coforge Limited	0.84%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
M Macy's, Inc.	3.39%	3.31%	4.10%	3.29%	3.05%	1.15%	3.36%	8.88%	5.07%	5.99%	4.17%	3.98%

Financials

Frequently Asked Questions

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

COFORGE.NS and M have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.