HINDZINC.NS vs. ^GSPC
Compare and contrast key facts about Hindustan Zinc Limited (HINDZINC.NS) and S&P 500 (^GSPC).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HINDZINC.NS or ^GSPC.
Correlation
The correlation between HINDZINC.NS and ^GSPC is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
HINDZINC.NS vs. ^GSPC - Performance Comparison
Key characteristics
HINDZINC.NS:
0.89
^GSPC:
1.62
HINDZINC.NS:
1.69
^GSPC:
2.20
HINDZINC.NS:
1.21
^GSPC:
1.30
HINDZINC.NS:
1.00
^GSPC:
2.46
HINDZINC.NS:
1.67
^GSPC:
10.01
HINDZINC.NS:
26.99%
^GSPC:
2.08%
HINDZINC.NS:
50.95%
^GSPC:
12.88%
HINDZINC.NS:
-74.77%
^GSPC:
-56.78%
HINDZINC.NS:
-42.71%
^GSPC:
-2.13%
Returns By Period
In the year-to-date period, HINDZINC.NS achieves a -3.91% return, which is significantly lower than ^GSPC's 2.24% return. Over the past 10 years, HINDZINC.NS has outperformed ^GSPC with an annualized return of 24.06%, while ^GSPC has yielded a comparatively lower 11.04% annualized return.
HINDZINC.NS
-3.91%
-9.10%
-13.89%
45.20%
33.40%
24.06%
^GSPC
2.24%
-1.20%
6.72%
18.21%
12.53%
11.04%
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Risk-Adjusted Performance
HINDZINC.NS vs. ^GSPC — Risk-Adjusted Performance Rank
HINDZINC.NS
^GSPC
HINDZINC.NS vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hindustan Zinc Limited (HINDZINC.NS) and S&P 500 (^GSPC). 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.
Drawdowns
HINDZINC.NS vs. ^GSPC - Drawdown Comparison
The maximum HINDZINC.NS drawdown since its inception was -74.77%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for HINDZINC.NS and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
HINDZINC.NS vs. ^GSPC - Volatility Comparison
Hindustan Zinc Limited (HINDZINC.NS) has a higher volatility of 13.46% compared to S&P 500 (^GSPC) at 3.37%. This indicates that HINDZINC.NS's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.