DOL.TO vs. MUTHOOTFIN.NS

Last updated Jun 13, 2026

DOL.TO (Dollarama Inc.) and MUTHOOTFIN.NS (Muthoot Finance Limited) are both stocks. DOL.TO operates in Discount Stores (Consumer Defensive), while MUTHOOTFIN.NS operates in Credit Services (Financial Services). Over the past 10 years, DOL.TO returned 20.60%/yr vs 26.40%/yr for MUTHOOTFIN.NS. At a 0.02 correlation, their price movements are largely independent.

Performance

DOL.TO vs. MUTHOOTFIN.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in Dollarama Inc. (DOL.TO) and Muthoot Finance Limited (MUTHOOTFIN.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

DOL.TO is traded in CAD, while MUTHOOTFIN.NS is traded in INR. To make them comparable, the MUTHOOTFIN.NS values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, DOL.TO achieves a -6.81% return, which is significantly higher than MUTHOOTFIN.NS's -22.35% return. Over the past 10 years, DOL.TO has underperformed MUTHOOTFIN.NS with an annualized return of 20.60%, while MUTHOOTFIN.NS has yielded a comparatively higher 26.40% annualized return.

DOL.TO

• 1D: -2.46%
• 1M: 11.68%
• YTD: -6.81%
• 6M: -5.47%
• 1Y: -1.31%
• 3Y*: 31.52%
• 5Y*: 28.29%
• 10Y*: 20.60%

MUTHOOTFIN.NS

• 1D: 5.61%
• 1M: -10.89%
• YTD: -22.35%
• 6M: -22.74%
• 1Y: 10.70%
• 3Y*: 35.12%
• 5Y*: 14.56%
• 10Y*: 26.40%

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

DOL.TO vs. MUTHOOTFIN.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DOL.TO Dollarama Inc.	-6.81%	46.59%	47.34%	20.96%	25.45%	22.47%	16.69%	38.01%	-37.58%	61.41%
MUTHOOTFIN.NS Muthoot Finance Limited	-22.35%	64.16%	54.86%	37.76%	-30.93%	23.20%	55.59%	40.70%	10.62%	69.33%

Correlation

The correlation between DOL.TO and MUTHOOTFIN.NS is 0.09, 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	0.09
Correlation (3Y) Calculated over the trailing 3-year period	-0.03
Correlation (5Y) Calculated over the trailing 5-year period	-0.00
Correlation (10Y) Calculated over the trailing 10-year period	0.03
Correlation (All Time) Calculated using the full available price history since May 5, 2011	0.02

The correlation between DOL.TO and MUTHOOTFIN.NS shifts across timeframes, from -0.03 (3 years) to 0.09 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

DOL.TO vs. MUTHOOTFIN.NS — Risk / Return Rank

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

DOL.TO

DOL.TO Risk / Return Rank: 38
DOL.TO Sharpe Ratio Rank: 40
DOL.TO Sortino Ratio Rank: 34
DOL.TO Omega Ratio Rank: 34
DOL.TO Calmar Ratio Rank: 41
DOL.TO Martin Ratio Rank: 41

MUTHOOTFIN.NS

MUTHOOTFIN.NS Risk / Return Rank: 59
MUTHOOTFIN.NS Sharpe Ratio Rank: 62
MUTHOOTFIN.NS Sortino Ratio Rank: 57
MUTHOOTFIN.NS Omega Ratio Rank: 59
MUTHOOTFIN.NS Calmar Ratio Rank: 58
MUTHOOTFIN.NS Martin Ratio Rank: 61

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.

DOL.TO vs. MUTHOOTFIN.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dollarama Inc. (DOL.TO) and Muthoot Finance Limited (MUTHOOTFIN.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.

	DOL.TO	MUTHOOTFIN.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	0.31	-0.36
Sortino ratio: Return per unit of downside risk	0.08	0.69	-0.61
Omega ratio: Gain probability vs. loss probability	1.01	1.09	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.07	0.37	-0.44
Martin ratio: Return relative to average drawdown	-0.15	0.98	-1.13

DOL.TO vs. MUTHOOTFIN.NS - Sharpe Ratio Comparison

The current DOL.TO Sharpe Ratio is -0.06, which is lower than the MUTHOOTFIN.NS Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of DOL.TO and MUTHOOTFIN.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

DOL.TO vs. MUTHOOTFIN.NS - Drawdown Comparison

The maximum DOL.TO drawdown since its inception was -44.98%, smaller than the maximum MUTHOOTFIN.NS drawdown of -70.23%. Use the drawdown chart below to compare losses from any high point for DOL.TO and MUTHOOTFIN.NS.

Drawdown Indicators

	DOL.TO	MUTHOOTFIN.NS	Difference
Max Drawdown Largest peak-to-trough decline	-44.98%	-70.23%	+25.25%
Max Drawdown (1Y) Largest decline over 1 year	-19.07%	-29.95%	+10.88%
Max Drawdown (3Y) Largest decline over 3 years	-19.07%	-29.95%	+10.88%
Max Drawdown (5Y) Largest decline over 5 years	-19.07%	-46.71%	+27.64%
Max Drawdown (10Y) Largest decline over 10 years	-44.98%	-46.71%	+1.73%
Current Drawdown Current decline from peak	-7.27%	-26.02%	+18.75%
Average Drawdown Average peak-to-trough decline	-6.43%	-17.48%	+11.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.61%	11.12%	-2.51%

Volatility

DOL.TO vs. MUTHOOTFIN.NS - Volatility Comparison

The current volatility for Dollarama Inc. (DOL.TO) is 11.02%, while Muthoot Finance Limited (MUTHOOTFIN.NS) has a volatility of 12.62%. This indicates that DOL.TO experiences smaller price fluctuations and is considered to be less risky than MUTHOOTFIN.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DOL.TO	MUTHOOTFIN.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.02%	12.62%	-1.60%
Volatility (6M) Calculated over the trailing 6-month period	20.17%	29.94%	-9.77%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	35.73%	-12.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.82%	31.02%	-9.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.39%	37.57%	-13.18%

Dividends

DOL.TO vs. MUTHOOTFIN.NS - Dividend Comparison

DOL.TO's dividend yield for the trailing twelve months is around 0.23%, less than MUTHOOTFIN.NS's 0.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DOL.TO Dollarama Inc.	0.23%	0.20%	0.25%	0.28%	0.27%	0.31%	0.34%	0.39%	0.95%	0.82%	1.19%	1.31%
MUTHOOTFIN.NS Muthoot Finance Limited	0.99%	0.68%	1.12%	1.49%	1.88%	1.34%	1.24%	1.58%	1.94%	1.26%	0.71%	3.34%

Financials

Frequently Asked Questions

Can I hold both DOL.TO and MUTHOOTFIN.NS in my portfolio?

DOL.TO and MUTHOOTFIN.NS have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.