HFCL.NS vs. SJVN.NS

Last updated Jun 5, 2026

HFCL.NS (HFCL Limited) and SJVN.NS (SJVN Limited) are both stocks. HFCL.NS operates in Communication Equipment (Technology), while SJVN.NS operates in Utilities - Renewable (Utilities). Over the past 10 years, HFCL.NS returned 27.41%/yr vs 16.64%/yr for SJVN.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

HFCL.NS vs. SJVN.NS - Performance Comparison

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

Returns By Period

In the year-to-date period, HFCL.NS achieves a 190.72% return, which is significantly higher than SJVN.NS's 0.16% return. Over the past 10 years, HFCL.NS has outperformed SJVN.NS with an annualized return of 27.41%, while SJVN.NS has yielded a comparatively lower 16.64% annualized return.

HFCL.NS

• 1D: -1.17%
• 1M: 39.32%
• YTD: 190.72%
• 6M: 185.50%
• 1Y: 122.03%
• 3Y*: 43.18%
• 5Y*: 33.89%
• 10Y*: 27.41%

SJVN.NS

• 1D: 0.68%
• 1M: -7.77%
• YTD: 0.16%
• 6M: 1.09%
• 1Y: -26.71%
• 3Y*: 29.56%
• 5Y*: 25.33%
• 10Y*: 16.64%

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

HFCL.NS vs. SJVN.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HFCL.NS HFCL Limited	190.72%	-39.73%	34.01%	14.49%	-6.25%	206.05%	47.01%	-16.78%	-25.80%	128.29%
SJVN.NS SJVN Limited	0.16%	-27.27%	16.46%	177.25%	18.15%	33.79%	6.82%	8.62%	-20.04%	22.24%

Correlation

The correlation between HFCL.NS and SJVN.NS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.41
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since May 21, 2010	0.27

The correlation between HFCL.NS and SJVN.NS shifts across timeframes, from 0.27 (all time) to 0.44 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

HFCL.NS vs. SJVN.NS — Risk / Return Rank

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

HFCL.NS

HFCL.NS Risk / Return Rank: 88
HFCL.NS Sharpe Ratio Rank: 93
HFCL.NS Sortino Ratio Rank: 93
HFCL.NS Omega Ratio Rank: 88
HFCL.NS Calmar Ratio Rank: 86
HFCL.NS Martin Ratio Rank: 79

SJVN.NS

SJVN.NS Risk / Return Rank: 15
SJVN.NS Sharpe Ratio Rank: 11
SJVN.NS Sortino Ratio Rank: 11
SJVN.NS Omega Ratio Rank: 13
SJVN.NS Calmar Ratio Rank: 19
SJVN.NS Martin Ratio Rank: 18

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.

HFCL.NS vs. SJVN.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for HFCL Limited (HFCL.NS) and SJVN Limited (SJVN.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.

	HFCL.NS	SJVN.NS	Difference
Sharpe ratio: Return per unit of total volatility	2.73	-0.73	+3.46
Sortino ratio: Return per unit of downside risk	3.65	-1.01	+4.66
Omega ratio: Gain probability vs. loss probability	1.40	0.89	+0.51
Calmar ratio: Return relative to maximum drawdown	3.55	-0.63	+4.18
Martin ratio: Return relative to average drawdown	6.11	-1.10	+7.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HFCL.NS vs. SJVN.NS - Sharpe Ratio Comparison

The current HFCL.NS Sharpe Ratio is 2.73, which is higher than the SJVN.NS Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of HFCL.NS and SJVN.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

	HFCL.NS	SJVN.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.73	-0.73	+3.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.69	0.61	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.48	+0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.41	-0.27

Drawdowns

HFCL.NS vs. SJVN.NS - Drawdown Comparison

The maximum HFCL.NS drawdown since its inception was -89.23%, which is greater than SJVN.NS's maximum drawdown of -57.30%. Use the drawdown chart below to compare losses from any high point for HFCL.NS and SJVN.NS.

Drawdown Indicators

	HFCL.NS	SJVN.NS	Difference
Max Drawdown Largest peak-to-trough decline	-89.23%	-57.30%	-31.93%
Max Drawdown (1Y) Largest decline over 1 year	-33.65%	-37.97%	+4.32%
Max Drawdown (3Y) Largest decline over 3 years	-62.23%	-57.30%	-4.93%
Max Drawdown (5Y) Largest decline over 5 years	-62.23%	-57.30%	-4.93%
Max Drawdown (10Y) Largest decline over 10 years	-76.03%	-57.30%	-18.73%
Current Drawdown Current decline from peak	-1.17%	-50.30%	+49.13%
Average Drawdown Average peak-to-trough decline	-61.03%	-15.70%	-45.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.59%	21.69%	-2.10%

Volatility

HFCL.NS vs. SJVN.NS - Volatility Comparison

HFCL Limited (HFCL.NS) has a higher volatility of 16.91% compared to SJVN Limited (SJVN.NS) at 9.53%. This indicates that HFCL.NS's price experiences larger fluctuations and is considered to be riskier than SJVN.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HFCL.NS	SJVN.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.91%	9.53%	+7.38%
Volatility (6M) Calculated over the trailing 6-month period	36.42%	28.74%	+7.68%
Volatility (1Y) Calculated over the trailing 1-year period	43.86%	32.94%	+10.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	49.80%	41.96%	+7.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.31%	35.33%	+16.98%

Dividends

HFCL.NS vs. SJVN.NS - Dividend Comparison

HFCL.NS's dividend yield for the trailing twelve months is around 0.05%, less than SJVN.NS's 1.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HFCL.NS HFCL Limited	0.05%	0.15%	0.18%	0.24%	0.24%	0.19%	0.00%	0.57%	0.28%	0.00%	0.00%	0.00%
SJVN.NS SJVN Limited	1.98%	1.95%	1.72%	1.95%	4.96%	7.18%	8.85%	8.45%	8.22%	8.11%	3.67%	3.30%

Financials

Frequently Asked Questions

Can I hold both HFCL.NS and SJVN.NS in my portfolio?

HFCL.NS and SJVN.NS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.