HINDALCO.NS vs. ^NIFTY200

Last updated Jun 5, 2026

HINDALCO.NS (Hindalco Industries Limited) is a stock, while ^NIFTY200 (NIFTY 200) is an index. Over the past 10 years, HINDALCO.NS returned 27.36%/yr vs 12.20%/yr for ^NIFTY200. A 0.59 correlation means they provide meaningful diversification when combined.

Performance

HINDALCO.NS vs. ^NIFTY200 - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Hindalco Industries Limited (HINDALCO.NS) and NIFTY 200 (^NIFTY200). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HINDALCO.NS achieves a 26.94% return, which is significantly higher than ^NIFTY200's -6.77% return. Over the past 10 years, HINDALCO.NS has outperformed ^NIFTY200 with an annualized return of 27.36%, while ^NIFTY200 has yielded a comparatively lower 12.20% annualized return.

HINDALCO.NS

• 1D: -1.17%
• 1M: 7.63%
• YTD: 26.94%
• 6M: 36.73%
• 1Y: 77.93%
• 3Y*: 39.84%
• 5Y*: 24.18%
• 10Y*: 27.36%

^NIFTY200

• 1D: 0.16%
• 1M: -2.93%
• YTD: -6.77%
• 6M: -6.82%
• 1Y: -2.14%
• 3Y*: 11.52%
• 5Y*: 10.29%
• 10Y*: 12.20%

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

HINDALCO.NS vs. ^NIFTY200 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HINDALCO.NS Hindalco Industries Limited	26.94%	48.26%	-1.46%	30.74%	0.45%	99.06%	11.86%	-3.79%	-16.88%	77.23%
^NIFTY200 NIFTY 200	-6.77%	8.40%	13.63%	23.49%	3.65%	27.47%	15.62%	8.68%	-1.01%	33.43%

Correlation

The correlation between HINDALCO.NS and ^NIFTY200 is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.50
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.59

The correlation between HINDALCO.NS and ^NIFTY200 shifts across timeframes, from 0.45 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

HINDALCO.NS vs. ^NIFTY200 — Risk / Return Rank

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

HINDALCO.NS

HINDALCO.NS Risk / Return Rank: 92
HINDALCO.NS Sharpe Ratio Rank: 94
HINDALCO.NS Sortino Ratio Rank: 91
HINDALCO.NS Omega Ratio Rank: 92
HINDALCO.NS Calmar Ratio Rank: 89
HINDALCO.NS Martin Ratio Rank: 93

^NIFTY200

^NIFTY200 Risk / Return Rank: 7
^NIFTY200 Sharpe Ratio Rank: 7
^NIFTY200 Sortino Ratio Rank: 6
^NIFTY200 Omega Ratio Rank: 6
^NIFTY200 Calmar Ratio Rank: 9
^NIFTY200 Martin Ratio Rank: 8

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.

HINDALCO.NS vs. ^NIFTY200 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hindalco Industries Limited (HINDALCO.NS) and NIFTY 200 (^NIFTY200). 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.

	HINDALCO.NS	^NIFTY200	Difference
Sharpe ratio: Return per unit of total volatility	2.90	-0.12	+3.02
Sortino ratio: Return per unit of downside risk	3.33	-0.07	+3.41
Omega ratio: Gain probability vs. loss probability	1.48	0.99	+0.49
Calmar ratio: Return relative to maximum drawdown	4.36	-0.11	+4.47
Martin ratio: Return relative to average drawdown	15.35	-0.35	+15.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HINDALCO.NS vs. ^NIFTY200 - Sharpe Ratio Comparison

The current HINDALCO.NS Sharpe Ratio is 2.90, which is higher than the ^NIFTY200 Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of HINDALCO.NS and ^NIFTY200, 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

	HINDALCO.NS	^NIFTY200	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.90	-0.12	+3.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.75	0.73	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	0.76	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.25	0.59	-0.34

Drawdowns

HINDALCO.NS vs. ^NIFTY200 - Drawdown Comparison

The maximum HINDALCO.NS drawdown since its inception was -82.34%, which is greater than ^NIFTY200's maximum drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for HINDALCO.NS and ^NIFTY200.

Drawdown Indicators

	HINDALCO.NS	^NIFTY200	Difference
Max Drawdown Largest peak-to-trough decline	-82.34%	-64.04%	-18.30%
Max Drawdown (1Y) Largest decline over 1 year	-17.95%	-14.89%	-3.06%
Max Drawdown (3Y) Largest decline over 3 years	-26.23%	-18.08%	-8.15%
Max Drawdown (5Y) Largest decline over 5 years	-49.87%	-18.15%	-31.72%
Max Drawdown (10Y) Largest decline over 10 years	-68.20%	-38.22%	-29.98%
Current Drawdown Current decline from peak	-2.10%	-8.38%	+6.28%
Average Drawdown Average peak-to-trough decline	-32.19%	-10.96%	-21.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.10%	4.62%	+0.48%

Volatility

HINDALCO.NS vs. ^NIFTY200 - Volatility Comparison

Hindalco Industries Limited (HINDALCO.NS) has a higher volatility of 8.93% compared to NIFTY 200 (^NIFTY200) at 4.01%. This indicates that HINDALCO.NS's price experiences larger fluctuations and is considered to be riskier than ^NIFTY200 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HINDALCO.NS	^NIFTY200	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	4.01%	+4.92%
Volatility (6M) Calculated over the trailing 6-month period	22.95%	12.10%	+10.85%
Volatility (1Y) Calculated over the trailing 1-year period	26.99%	13.72%	+13.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.04%	14.32%	+18.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.25%	16.28%	+20.97%

Frequently Asked Questions

Can I hold both HINDALCO.NS and ^NIFTY200 in my portfolio?

HINDALCO.NS and ^NIFTY200 have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.