HINDPETRO.NS vs. M&M.NS

Last updated Jun 5, 2026

HINDPETRO.NS (Hindustan Petroleum Corporation Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. HINDPETRO.NS operates in Oil & Gas Refining & Marketing (Energy), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, HINDPETRO.NS returned 19.71%/yr vs 16.84%/yr for M&M.NS. At a 0.25 correlation, their price movements are largely independent.

Performance

HINDPETRO.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Hindustan Petroleum Corporation Limited (HINDPETRO.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HINDPETRO.NS achieves a -22.45% return, which is significantly lower than M&M.NS's -18.69% return. Over the past 10 years, HINDPETRO.NS has outperformed M&M.NS with an annualized return of 19.71%, while M&M.NS has yielded a comparatively lower 16.84% annualized return.

HINDPETRO.NS

• 1D: 0.76%
• 1M: 0.00%
• YTD: -22.45%
• 6M: -13.22%
• 1Y: -1.42%
• 3Y*: 36.10%
• 5Y*: 21.48%
• 10Y*: 19.71%

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

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

HINDPETRO.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HINDPETRO.NS Hindustan Petroleum Corporation Limited	-22.45%	26.60%	65.11%	69.63%	-12.60%	50.98%	-11.81%	14.04%	-35.06%	62.32%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.82%

Correlation

The correlation between HINDPETRO.NS and M&M.NS is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Jan 3, 1996	0.25

Return for Risk

HINDPETRO.NS vs. M&M.NS — Risk / Return Rank

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

HINDPETRO.NS

HINDPETRO.NS Risk / Return Rank: 38
HINDPETRO.NS Sharpe Ratio Rank: 40
HINDPETRO.NS Sortino Ratio Rank: 35
HINDPETRO.NS Omega Ratio Rank: 35
HINDPETRO.NS Calmar Ratio Rank: 40
HINDPETRO.NS Martin Ratio Rank: 39

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

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.

HINDPETRO.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hindustan Petroleum Corporation Limited (HINDPETRO.NS) and Mahindra & Mahindra Limited (M&M.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.

	HINDPETRO.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.04	-0.02	-0.02
Sortino ratio: Return per unit of downside risk	0.20	0.17	+0.03
Omega ratio: Gain probability vs. loss probability	1.02	1.02	0.00
Calmar ratio: Return relative to maximum drawdown	-0.04	-0.02	-0.02
Martin ratio: Return relative to average drawdown	-0.09	-0.04	-0.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HINDPETRO.NS vs. M&M.NS - Sharpe Ratio Comparison

The current HINDPETRO.NS Sharpe Ratio is -0.04, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of HINDPETRO.NS and M&M.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

	HINDPETRO.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.04	-0.02	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.15	-0.54
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.57	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.64	0.19	+0.44

Drawdowns

HINDPETRO.NS vs. M&M.NS - Drawdown Comparison

The maximum HINDPETRO.NS drawdown since its inception was -73.97%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for HINDPETRO.NS and M&M.NS.

Drawdown Indicators

	HINDPETRO.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-73.97%	-94.09%	+20.12%
Max Drawdown (1Y) Largest decline over 1 year	-36.05%	-22.91%	-13.14%
Max Drawdown (3Y) Largest decline over 3 years	-36.05%	-22.91%	-13.14%
Max Drawdown (5Y) Largest decline over 5 years	-40.40%	-28.09%	-12.31%
Max Drawdown (10Y) Largest decline over 10 years	-63.71%	-72.28%	+8.57%
Current Drawdown Current decline from peak	-22.45%	-20.68%	-1.77%
Average Drawdown Average peak-to-trough decline	-21.89%	-31.10%	+9.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.55%	9.68%	+4.87%

Volatility

HINDPETRO.NS vs. M&M.NS - Volatility Comparison

Hindustan Petroleum Corporation Limited (HINDPETRO.NS) has a higher volatility of 11.03% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that HINDPETRO.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HINDPETRO.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.03%	6.92%	+4.11%
Volatility (6M) Calculated over the trailing 6-month period	28.72%	21.45%	+7.27%
Volatility (1Y) Calculated over the trailing 1-year period	33.89%	26.75%	+7.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.62%	27.81%	+7.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.01%	30.40%	+8.61%

Dividends

HINDPETRO.NS vs. M&M.NS - Dividend Comparison

HINDPETRO.NS's dividend yield for the trailing twelve months is around 4.01%, more than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HINDPETRO.NS Hindustan Petroleum Corporation Limited	4.01%	3.11%	6.36%	0.00%	8.93%	11.67%	6.71%	9.02%	10.07%	10.95%	17.59%	19.78%
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%

Financials

Frequently Asked Questions

Can I hold both HINDPETRO.NS and M&M.NS in my portfolio?

HINDPETRO.NS and M&M.NS have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.