FORTIS.NS vs. EMA.TO

Last updated Jun 4, 2026

FORTIS.NS (Fortis Healthcare Limited) and EMA.TO (Emera Incorporated) are both stocks. FORTIS.NS operates in Medical Care Facilities (Healthcare), while EMA.TO operates in Utilities - Regulated Electric (Utilities). Over the past 10 years, FORTIS.NS returned 19.35%/yr vs 12.71%/yr for EMA.TO. At a 0.04 correlation, their price movements are largely independent.

Performance

FORTIS.NS vs. EMA.TO - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Fortis Healthcare Limited (FORTIS.NS) and Emera Incorporated (EMA.TO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FORTIS.NS achieves a 5.23% return, which is significantly lower than EMA.TO's 12.21% return. Over the past 10 years, FORTIS.NS has outperformed EMA.TO with an annualized return of 19.35%, while EMA.TO has yielded a comparatively lower 12.71% annualized return.

FORTIS.NS

• 1D: 0.09%
• 1M: -2.38%
• YTD: 5.23%
• 6M: 3.56%
• 1Y: 27.64%
• 3Y*: 50.20%
• 5Y*: 32.76%
• 10Y*: 19.35%

EMA.TO

• 1D: -0.70%
• 1M: -2.58%
• YTD: 12.21%
• 6M: 14.80%
• 1Y: 30.68%
• 3Y*: 18.42%
• 5Y*: 13.00%
• 10Y*: 12.71%

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

FORTIS.NS vs. EMA.TO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FORTIS.NS Fortis Healthcare Limited	5.23%	22.95%	72.07%	46.97%	-3.77%	91.56%	17.66%	-6.12%	-12.43%	-11.28%
EMA.TO Emera Incorporated	12.21%	44.90%	8.97%	5.56%	-11.46%	25.69%	5.92%	43.96%	-1.22%	8.58%

Correlation

The correlation between FORTIS.NS and EMA.TO 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	-0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.02
Correlation (10Y) Calculated over the trailing 10-year period	0.04
Correlation (All Time) Calculated using the full available price history since May 6, 2009	0.04

The correlation between FORTIS.NS and EMA.TO shifts across timeframes, from -0.09 (1 year) to 0.04 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

FORTIS.NS vs. EMA.TO — Risk / Return Rank

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

FORTIS.NS

FORTIS.NS Risk / Return Rank: 66
FORTIS.NS Sharpe Ratio Rank: 73
FORTIS.NS Sortino Ratio Rank: 69
FORTIS.NS Omega Ratio Rank: 65
FORTIS.NS Calmar Ratio Rank: 61
FORTIS.NS Martin Ratio Rank: 60

EMA.TO

EMA.TO Risk / Return Rank: 79
EMA.TO Sharpe Ratio Rank: 79
EMA.TO Sortino Ratio Rank: 75
EMA.TO Omega Ratio Rank: 72
EMA.TO Calmar Ratio Rank: 84
EMA.TO 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.

FORTIS.NS vs. EMA.TO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fortis Healthcare Limited (FORTIS.NS) and Emera Incorporated (EMA.TO). 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.

	FORTIS.NS	EMA.TO	Difference
Sharpe ratio Return per unit of total volatility	1.07	2.21	-1.14
Sortino ratio Return per unit of downside risk	1.69	3.11	-1.42
Omega ratio Gain probability vs. loss probability	1.19	1.38	-0.19
Calmar ratio Return relative to maximum drawdown	0.98	5.20	-4.22
Martin ratio Return relative to average drawdown	1.97	18.16	-16.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FORTIS.NS vs. EMA.TO - Sharpe Ratio Comparison

The current FORTIS.NS Sharpe Ratio is 1.07, which is lower than the EMA.TO Sharpe Ratio of 2.21. The chart below compares the historical Sharpe Ratios of FORTIS.NS and EMA.TO, 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

	FORTIS.NS	EMA.TO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	2.21	-1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	0.75	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.67	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.86	-0.52

Drawdowns

FORTIS.NS vs. EMA.TO - Drawdown Comparison

The maximum FORTIS.NS drawdown since its inception was -58.48%, which is greater than EMA.TO's maximum drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for FORTIS.NS and EMA.TO.

Drawdown Indicators

	FORTIS.NS	EMA.TO	Difference
Max Drawdown Largest peak-to-trough decline	-58.48%	-31.89%	-26.59%
Max Drawdown (1Y) Largest decline over 1 year	-28.16%	-5.93%	-22.23%
Max Drawdown (3Y) Largest decline over 3 years	-28.16%	-21.32%	-6.84%
Max Drawdown (5Y) Largest decline over 5 years	-28.16%	-27.10%	-1.06%
Max Drawdown (10Y) Largest decline over 10 years	-49.96%	-31.89%	-18.07%
Current Drawdown Current decline from peak	-15.27%	-5.31%	-9.96%
Average Drawdown Average peak-to-trough decline	-23.67%	-5.35%	-18.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.05%	1.70%	+12.35%

Volatility

FORTIS.NS vs. EMA.TO - Volatility Comparison

Fortis Healthcare Limited (FORTIS.NS) has a higher volatility of 5.78% compared to Emera Incorporated (EMA.TO) at 5.43%. This indicates that FORTIS.NS's price experiences larger fluctuations and is considered to be riskier than EMA.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FORTIS.NS	EMA.TO	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	5.43%	+0.35%
Volatility (6M) Calculated over the trailing 6-month period	18.96%	10.68%	+8.28%
Volatility (1Y) Calculated over the trailing 1-year period	25.80%	13.95%	+11.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.05%	17.38%	+13.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.70%	18.99%	+15.71%

Dividends

FORTIS.NS vs. EMA.TO - Dividend Comparison

FORTIS.NS's dividend yield for the trailing twelve months is around 0.11%, less than EMA.TO's 4.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EMA.TO Emera Incorporated	4.14%	4.30%	6.71%	5.54%	5.18%	4.08%	4.58%	4.26%	5.22%	4.54%	4.40%	3.85%
FORTIS.NS Fortis Healthcare Limited	0.11%	0.11%	0.14%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both FORTIS.NS and EMA.TO in my portfolio?

FORTIS.NS and EMA.TO 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.