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 0.14, 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:
0.78
^GSPC:
1.83
HINDZINC.NS:
1.56
^GSPC:
2.47
HINDZINC.NS:
1.19
^GSPC:
1.33
HINDZINC.NS:
0.89
^GSPC:
2.76
HINDZINC.NS:
1.51
^GSPC:
11.27
HINDZINC.NS:
26.27%
^GSPC:
2.08%
HINDZINC.NS:
50.90%
^GSPC:
12.79%
HINDZINC.NS:
-74.77%
^GSPC:
-56.78%
HINDZINC.NS:
-44.07%
^GSPC:
-0.07%
Returns By Period
In the year-to-date period, HINDZINC.NS achieves a -6.18% return, which is significantly lower than ^GSPC's 3.96% return. Over the past 10 years, HINDZINC.NS has outperformed ^GSPC with an annualized return of 23.04%, while ^GSPC has yielded a comparatively lower 11.33% annualized return.
HINDZINC.NS
-6.18%
-8.82%
-16.91%
40.45%
32.38%
23.04%
^GSPC
3.96%
1.97%
10.09%
22.16%
12.70%
11.33%
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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 13.37% compared to S&P 500 (^GSPC) at 3.07%. 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.