CUMMINSIND.NS vs. FXAIX
CUMMINSIND.NS (Cummins India Limited) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, CUMMINSIND.NS returned 22.30%/yr vs 19.19%/yr for FXAIX. At a 0.05 correlation, their price movements are largely independent.
Performance
CUMMINSIND.NS vs. FXAIX - Performance Comparison
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Different Trading Currencies
CUMMINSIND.NS is traded in INR, while FXAIX is traded in USD. To make them comparable, the FXAIX values have been converted to INR using the latest available exchange rates.
Returns By Period
In the year-to-date period, CUMMINSIND.NS achieves a 25.76% return, which is significantly higher than FXAIX's 17.46% return. Over the past 10 years, CUMMINSIND.NS has outperformed FXAIX with an annualized return of 22.30%, while FXAIX has yielded a comparatively lower 19.19% annualized return.
CUMMINSIND.NS
- 1D
- 1.06%
- 1M
- -5.34%
- 6M
- 38.34%
- YTD
- 25.76%
- 1Y
- 57.72%
- 3Y*
- 45.27%
- 5Y*
- 47.54%
- 10Y*
- 22.30%
- ALL TIME*
- 25.34%
FXAIX
- 1D
- -0.02%
- 1M
- 1.53%
- 6M
- 16.63%
- YTD
- 17.46%
- 1Y
- 33.66%
- 3Y*
- 26.21%
- 5Y*
- 18.84%
- 10Y*
- 19.19%
- ALL TIME*
- 19.84%
CUMMINSIND.NS vs. FXAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CUMMINSIND.NS Cummins India Limited | 25.76% | 37.60% | 68.74% | 44.32% | 49.06% | 66.85% | 7.28% | -33.57% | -3.78% | 11.77% |
FXAIX Fidelity 500 Index Fund | 17.46% | 23.48% | 28.80% | 27.16% | -9.34% | 31.27% | 21.40% | 34.82% | 4.22% | 14.25% |
Correlation
The correlation between CUMMINSIND.NS and FXAIX 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 | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | 0.05 |
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Return for Risk
CUMMINSIND.NS vs. FXAIX — Risk / Return Rank
CUMMINSIND.NS
FXAIX
CUMMINSIND.NS vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cummins India Limited (CUMMINSIND.NS) and Fidelity 500 Index Fund (FXAIX). 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.
| CUMMINSIND.NS | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.55 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.47 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 5.18 | -1.09 |
| Martin ratioReturn relative to average drawdown | 11.65 | 17.94 | -6.29 |
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Drawdowns
CUMMINSIND.NS vs. FXAIX - Drawdown Comparison
The maximum CUMMINSIND.NS drawdown since its inception was -73.69%, which is greater than FXAIX's maximum drawdown of -28.37%. Use the drawdown chart below to compare losses from any high point for CUMMINSIND.NS and FXAIX.
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Drawdown Indicators
| CUMMINSIND.NS | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.69% | -28.37% | -45.32% |
Max Drawdown (1Y)Largest decline over 1 year | -14.61% | -6.58% | -8.03% |
Max Drawdown (3Y)Largest decline over 3 years | -34.33% | -19.16% | -15.17% |
Max Drawdown (5Y)Largest decline over 5 years | -34.33% | -19.89% | -14.44% |
Max Drawdown (10Y)Largest decline over 10 years | -71.20% | -28.37% | -42.83% |
Current DrawdownCurrent decline from peak | -7.89% | -1.51% | -6.38% |
Average DrawdownAverage peak-to-trough decline | -18.03% | -3.07% | -14.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 1.90% | +3.16% |
Volatility
CUMMINSIND.NS vs. FXAIX - Volatility Comparison
Cummins India Limited (CUMMINSIND.NS) has a higher volatility of 6.96% compared to Fidelity 500 Index Fund (FXAIX) at 3.30%. This indicates that CUMMINSIND.NS's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CUMMINSIND.NS | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 3.30% | +3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 23.17% | 10.00% | +13.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.06% | 12.91% | +15.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.45% | 16.29% | +13.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.17% | 17.14% | +14.03% |
Dividends
CUMMINSIND.NS vs. FXAIX - Dividend Comparison
CUMMINSIND.NS's dividend yield for the trailing twelve months is around 1.20%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CUMMINSIND.NS Cummins India Limited | 1.20% | 1.16% | 1.16% | 1.27% | 1.34% | 1.59% | 2.44% | 3.09% | 1.77% | 1.55% | 1.71% | 0.87% |
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
Frequently Asked Questions
CUMMINSIND.NS and FXAIX 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.
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