KOTAKBANK.NS vs. ^GSPC

Last updated Apr 3, 2026

Compare and contrast key facts about Kotak Mahindra Bank Limited (KOTAKBANK.NS) and S&P 500 Index (^GSPC).

Performance

KOTAKBANK.NS vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Kotak Mahindra Bank Limited (KOTAKBANK.NS) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

KOTAKBANK.NS vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KOTAKBANK.NS Kotak Mahindra Bank Limited	-18.75%	23.56%	-6.15%	4.36%	1.63%	-9.86%	18.42%	34.55%	24.18%	40.80%
^GSPC S&P 500 Index	-0.51%	21.96%	27.04%	25.09%	-10.78%	29.42%	19.18%	32.15%	2.25%	12.00%

Different Trading Currencies

KOTAKBANK.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, KOTAKBANK.NS achieves a -18.75% return, which is significantly lower than ^GSPC's -0.36% return. Over the past 10 years, KOTAKBANK.NS has underperformed ^GSPC with an annualized return of 10.15%, while ^GSPC has yielded a comparatively higher 16.16% annualized return.

KOTAKBANK.NS

• 1D: 0.73%
• 1M: -12.94%
• YTD: -18.75%
• 6M: -13.43%
• 1Y: -16.77%
• 3Y*: 0.96%
• 5Y*: -0.07%
• 10Y*: 10.15%

^GSPC

• 1D: 0.00%
• 1M: -2.31%
• YTD: -0.36%
• 6M: 2.90%
• 1Y: 26.21%
• 3Y*: 21.79%
• 5Y*: 15.70%
• 10Y*: 16.16%

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

Return for Risk

KOTAKBANK.NS vs. ^GSPC — Risk / Return Rank

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

KOTAKBANK.NS

KOTAKBANK.NS Risk / Return Rank: 8
KOTAKBANK.NS Sharpe Ratio Rank: 8
KOTAKBANK.NS Sortino Ratio Rank: 10
KOTAKBANK.NS Omega Ratio Rank: 10
KOTAKBANK.NS Calmar Ratio Rank: 11
KOTAKBANK.NS Martin Ratio Rank: 1

^GSPC

^GSPC Risk / Return Rank: 58
^GSPC Sharpe Ratio Rank: 52
^GSPC Sortino Ratio Rank: 55
^GSPC Omega Ratio Rank: 59
^GSPC Calmar Ratio Rank: 52
^GSPC Martin Ratio Rank: 71

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.

KOTAKBANK.NS vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Kotak Mahindra Bank Limited (KOTAKBANK.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.

	KOTAKBANK.NS	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	-0.82	1.45	-2.27
Sortino ratio Return per unit of downside risk	-1.05	2.08	-3.12
Omega ratio Gain probability vs. loss probability	0.87	1.32	-0.45
Calmar ratio Return relative to maximum drawdown	-0.80	2.41	-3.21
Martin ratio Return relative to average drawdown	-1.99	10.91	-12.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KOTAKBANK.NS vs. ^GSPC - Sharpe Ratio Comparison

The current KOTAKBANK.NS Sharpe Ratio is -0.82, which is lower than the ^GSPC Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of KOTAKBANK.NS and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KOTAKBANK.NS	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.82	1.45	-2.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.00	0.98	-0.98
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.95	-0.55
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.67	-0.36

Correlation

The correlation between KOTAKBANK.NS and ^GSPC is 0.05, 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.

Drawdowns

KOTAKBANK.NS vs. ^GSPC - Drawdown Comparison

The maximum KOTAKBANK.NS drawdown since its inception was -97.73%, which is greater than ^GSPC's maximum drawdown of -43.99%. Use the drawdown chart below to compare losses from any high point for KOTAKBANK.NS and ^GSPC.

Drawdown Indicators

	KOTAKBANK.NS	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-97.73%	-56.78%	-40.95%
Max Drawdown (1Y) Largest decline over 1 year	-21.99%	-9.10%	-12.89%
Max Drawdown (5Y) Largest decline over 5 years	-29.77%	-25.43%	-4.34%
Max Drawdown (10Y) Largest decline over 10 years	-35.24%	-33.92%	-1.32%
Current Drawdown Current decline from peak	-20.88%	-5.67%	-15.21%
Average Drawdown Average peak-to-trough decline	-37.12%	-10.75%	-26.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.77%	2.62%	+6.15%

Volatility

KOTAKBANK.NS vs. ^GSPC - Volatility Comparison

Kotak Mahindra Bank Limited (KOTAKBANK.NS) has a higher volatility of 8.27% compared to S&P 500 Index (^GSPC) at 4.02%. This indicates that KOTAKBANK.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.

Volatility by Period

	KOTAKBANK.NS	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.27%	4.02%	+4.25%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	9.34%	+4.72%
Volatility (1Y) Calculated over the trailing 1-year period	20.86%	18.16%	+2.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.82%	16.11%	+6.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.61%	17.08%	+8.53%