JSWSTEEL.NS vs. UNIONBANK.NS

Last updated Jun 5, 2026

JSWSTEEL.NS (JSW Steel Limited) and UNIONBANK.NS (Union Bank of India) are both stocks. JSWSTEEL.NS operates in Steel (Basic Materials), while UNIONBANK.NS operates in Banks - Regional (Financial Services). Over the past 10 years, JSWSTEEL.NS returned 26.54%/yr vs 5.37%/yr for UNIONBANK.NS. At a 0.35 correlation, their price movements are largely independent.

Performance

JSWSTEEL.NS vs. UNIONBANK.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in JSW Steel Limited (JSWSTEEL.NS) and Union Bank of India (UNIONBANK.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JSWSTEEL.NS achieves a 11.70% return, which is significantly higher than UNIONBANK.NS's 8.31% return. Over the past 10 years, JSWSTEEL.NS has outperformed UNIONBANK.NS with an annualized return of 26.54%, while UNIONBANK.NS has yielded a comparatively lower 5.37% annualized return.

JSWSTEEL.NS

• 1D: -0.90%
• 1M: 2.18%
• YTD: 11.70%
• 6M: 11.95%
• 1Y: 34.67%
• 3Y*: 22.85%
• 5Y*: 13.77%
• 10Y*: 26.54%

UNIONBANK.NS

• 1D: -0.10%
• 1M: -1.31%
• YTD: 8.31%
• 6M: 8.64%
• 1Y: 12.87%
• 3Y*: 36.02%
• 5Y*: 40.32%
• 10Y*: 5.37%

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

JSWSTEEL.NS vs. UNIONBANK.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JSWSTEEL.NS JSW Steel Limited	11.70%	29.55%	3.22%	15.09%	20.71%	71.06%	44.90%	-10.59%	14.88%	67.64%
UNIONBANK.NS Union Bank of India	8.31%	32.07%	3.74%	53.12%	95.55%	37.56%	-42.43%	-36.20%	-40.47%	17.22%

Correlation

The correlation between JSWSTEEL.NS and UNIONBANK.NS is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since May 9, 2003	0.35

Return for Risk

JSWSTEEL.NS vs. UNIONBANK.NS — Risk / Return Rank

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

JSWSTEEL.NS

JSWSTEEL.NS Risk / Return Rank: 79
JSWSTEEL.NS Sharpe Ratio Rank: 81
JSWSTEEL.NS Sortino Ratio Rank: 77
JSWSTEEL.NS Omega Ratio Rank: 76
JSWSTEEL.NS Calmar Ratio Rank: 79
JSWSTEEL.NS Martin Ratio Rank: 84

UNIONBANK.NS

UNIONBANK.NS Risk / Return Rank: 52
UNIONBANK.NS Sharpe Ratio Rank: 55
UNIONBANK.NS Sortino Ratio Rank: 49
UNIONBANK.NS Omega Ratio Rank: 48
UNIONBANK.NS Calmar Ratio Rank: 54
UNIONBANK.NS Martin Ratio Rank: 55

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.

JSWSTEEL.NS vs. UNIONBANK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JSW Steel Limited (JSWSTEEL.NS) and Union Bank of India (UNIONBANK.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.

	JSWSTEEL.NS	UNIONBANK.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.49	0.39	+1.10
Sortino ratio: Return per unit of downside risk	2.09	0.77	+1.32
Omega ratio: Gain probability vs. loss probability	1.27	1.09	+0.18
Calmar ratio: Return relative to maximum drawdown	2.57	0.58	+2.00
Martin ratio: Return relative to average drawdown	8.00	1.29	+6.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JSWSTEEL.NS vs. UNIONBANK.NS - Sharpe Ratio Comparison

The current JSWSTEEL.NS Sharpe Ratio is 1.49, which is higher than the UNIONBANK.NS Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of JSWSTEEL.NS and UNIONBANK.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

	JSWSTEEL.NS	UNIONBANK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	0.39	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	1.03	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	0.13	+0.70
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.29	+0.24

Drawdowns

JSWSTEEL.NS vs. UNIONBANK.NS - Drawdown Comparison

The maximum JSWSTEEL.NS drawdown since its inception was -87.83%, smaller than the maximum UNIONBANK.NS drawdown of -93.40%. Use the drawdown chart below to compare losses from any high point for JSWSTEEL.NS and UNIONBANK.NS.

Drawdown Indicators

	JSWSTEEL.NS	UNIONBANK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-87.83%	-93.40%	+5.57%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-21.45%	+8.10%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-38.87%	+23.92%
Max Drawdown (5Y) Largest decline over 5 years	-31.18%	-38.87%	+7.69%
Max Drawdown (10Y) Largest decline over 10 years	-65.74%	-88.01%	+22.27%
Current Drawdown Current decline from peak	-0.90%	-44.34%	+43.44%
Average Drawdown Average peak-to-trough decline	-26.02%	-45.98%	+19.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.31%	9.61%	-5.30%

Volatility

JSWSTEEL.NS vs. UNIONBANK.NS - Volatility Comparison

The current volatility for JSW Steel Limited (JSWSTEEL.NS) is 5.06%, while Union Bank of India (UNIONBANK.NS) has a volatility of 7.68%. This indicates that JSWSTEEL.NS experiences smaller price fluctuations and is considered to be less risky than UNIONBANK.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JSWSTEEL.NS	UNIONBANK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	7.68%	-2.62%
Volatility (6M) Calculated over the trailing 6-month period	18.99%	26.44%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	23.10%	31.83%	-8.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.08%	40.07%	-11.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.94%	43.49%	-10.55%

Dividends

JSWSTEEL.NS vs. UNIONBANK.NS - Dividend Comparison

JSWSTEEL.NS's dividend yield for the trailing twelve months is around 0.22%, less than UNIONBANK.NS's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JSWSTEEL.NS JSW Steel Limited	0.22%	0.24%	0.81%	0.39%	2.26%	0.99%	0.52%	1.52%	1.04%	0.83%	0.00%	0.01%
UNIONBANK.NS Union Bank of India	2.85%	3.09%	2.99%	2.52%	2.36%	0.00%	0.00%	0.00%	0.00%	0.00%	1.58%	4.04%

Financials

Frequently Asked Questions

Can I hold both JSWSTEEL.NS and UNIONBANK.NS in my portfolio?

JSWSTEEL.NS and UNIONBANK.NS have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.