ITC.NS vs. ^GSPC
ITC.NS (ITC Limited) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ITC.NS returned 5.83%/yr vs 17.78%/yr for ^GSPC. At a 0.03 correlation, their price movements are largely independent.
Performance
ITC.NS vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ITC.NS is traded in INR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to INR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ITC.NS achieves a -27.05% return, which is significantly lower than ^GSPC's 18.12% return. Over the past 10 years, ITC.NS has underperformed ^GSPC with an annualized return of 5.83%, while ^GSPC has yielded a comparatively higher 17.78% annualized return.
ITC.NS
- 1D
- 1.19%
- 1M
- -7.55%
- YTD
- -27.05%
- 6M
- -27.06%
- 1Y
- -29.50%
- 3Y*
- -9.51%
- 5Y*
- 11.90%
- 10Y*
- 5.83%
^GSPC
- 1D
- 0.49%
- 1M
- 5.14%
- YTD
- 18.12%
- 6M
- 17.99%
- 1Y
- 41.74%
- 3Y*
- 27.26%
- 5Y*
- 18.66%
- 10Y*
- 17.78%
ITC.NS vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ITC.NS ITC Limited | -27.05% | -10.48% | 8.22% | 44.84% | 59.50% | 9.99% | -7.37% | -13.93% | 9.11% | 10.65% |
^GSPC S&P 500 Index | 18.12% | 21.96% | 27.04% | 25.09% | -10.78% | 29.42% | 19.18% | 32.15% | 2.25% | 12.00% |
Correlation
The correlation between ITC.NS and ^GSPC is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.06 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2007 | 0.03 |
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Return for Risk
ITC.NS vs. ^GSPC — Risk / Return Rank
ITC.NS
^GSPC
ITC.NS vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ITC Limited (ITC.NS) and S&P 500 Index (^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.
| ITC.NS | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.17 | ||
| Sortino ratioReturn per unit of downside risk | -6.92 | ||
| Omega ratioGain probability vs. loss probability | 0.72 | 1.65 | -0.93 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | 6.18 | -7.10 |
| Martin ratioReturn relative to average drawdown | -1.73 | 24.03 | -25.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ITC.NS | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.55 | 3.62 | -5.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 1.16 | -0.56 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 1.04 | -0.79 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.73 | -0.20 |
Drawdowns
ITC.NS vs. ^GSPC - Drawdown Comparison
The maximum ITC.NS drawdown since its inception was -55.28%, which is greater than ^GSPC's maximum drawdown of -43.99%. Use the drawdown chart below to compare losses from any high point for ITC.NS and ^GSPC.
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Drawdown Indicators
| ITC.NS | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.28% | -43.99% | -11.29% |
Max Drawdown (1Y)Largest decline over 1 year | -31.96% | -6.78% | -25.18% |
Max Drawdown (3Y)Largest decline over 3 years | -40.29% | -19.29% | -21.00% |
Max Drawdown (5Y)Largest decline over 5 years | -40.29% | -20.51% | -19.78% |
Max Drawdown (10Y)Largest decline over 10 years | -55.28% | -28.50% | -26.78% |
Current DrawdownCurrent decline from peak | -39.58% | 0.00% | -39.58% |
Average DrawdownAverage peak-to-trough decline | -15.12% | -6.14% | -8.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.07% | 1.74% | +15.33% |
Volatility
ITC.NS vs. ^GSPC - Volatility Comparison
ITC Limited (ITC.NS) has a higher volatility of 5.49% compared to S&P 500 Index (^GSPC) at 2.87%. This indicates that ITC.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.
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Volatility by Period
| ITC.NS | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 2.87% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 17.30% | 8.51% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.98% | 11.60% | +7.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 16.11% | +3.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.84% | 17.09% | +6.75% |
Frequently Asked Questions
ITC.NS and ^GSPC have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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