M&M.NS vs. ADANIPORTS.NS

Last updated Jun 5, 2026

M&M.NS (Mahindra & Mahindra Limited) and ADANIPORTS.NS (Adani Ports and Special Economic Zone Limited) are both stocks. M&M.NS operates in Auto Manufacturers (Consumer Cyclical), while ADANIPORTS.NS operates in Marine Shipping (Industrials). Over the past 10 years, M&M.NS returned 16.84%/yr vs 24.90%/yr for ADANIPORTS.NS. At a 0.31 correlation, their price movements are largely independent.

Performance

M&M.NS vs. ADANIPORTS.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Mahindra & Mahindra Limited (M&M.NS) and Adani Ports and Special Economic Zone Limited (ADANIPORTS.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, M&M.NS achieves a -18.69% return, which is significantly lower than ADANIPORTS.NS's 21.85% return. Over the past 10 years, M&M.NS has underperformed ADANIPORTS.NS with an annualized return of 16.84%, while ADANIPORTS.NS has yielded a comparatively higher 24.90% annualized return.

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

ADANIPORTS.NS

• 1D: -0.72%
• 1M: 1.73%
• YTD: 21.85%
• 6M: 18.65%
• 1Y: 22.28%
• 3Y*: 35.04%
• 5Y*: 17.21%
• 10Y*: 24.90%

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

M&M.NS vs. ADANIPORTS.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.82%
ADANIPORTS.NS Adani Ports and Special Economic Zone Limited	21.85%	19.97%	20.70%	26.05%	12.80%	52.02%	33.63%	-5.55%	-3.94%	51.61%

Correlation

The correlation between M&M.NS and ADANIPORTS.NS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.34
Correlation (All Time) Calculated using the full available price history since Nov 28, 2007	0.31

Return for Risk

M&M.NS vs. ADANIPORTS.NS — Risk / Return Rank

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

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

ADANIPORTS.NS

ADANIPORTS.NS Risk / Return Rank: 69
ADANIPORTS.NS Sharpe Ratio Rank: 70
ADANIPORTS.NS Sortino Ratio Rank: 66
ADANIPORTS.NS Omega Ratio Rank: 65
ADANIPORTS.NS Calmar Ratio Rank: 69
ADANIPORTS.NS Martin Ratio Rank: 73

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.

M&M.NS vs. ADANIPORTS.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mahindra & Mahindra Limited (M&M.NS) and Adani Ports and Special Economic Zone Limited (ADANIPORTS.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.

	M&M.NS	ADANIPORTS.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	0.94	-0.96
Sortino ratio: Return per unit of downside risk	0.17	1.54	-1.37
Omega ratio: Gain probability vs. loss probability	1.02	1.19	-0.17
Calmar ratio: Return relative to maximum drawdown	-0.02	1.48	-1.50
Martin ratio: Return relative to average drawdown	-0.04	4.37	-4.42
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

M&M.NS vs. ADANIPORTS.NS - Sharpe Ratio Comparison

The current M&M.NS Sharpe Ratio is -0.02, which is lower than the ADANIPORTS.NS Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of M&M.NS and ADANIPORTS.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

	M&M.NS	ADANIPORTS.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	0.94	-0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	0.47	+0.68
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.69	-0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.33	-0.14

Drawdowns

M&M.NS vs. ADANIPORTS.NS - Drawdown Comparison

The maximum M&M.NS drawdown since its inception was -94.09%, which is greater than ADANIPORTS.NS's maximum drawdown of -80.27%. Use the drawdown chart below to compare losses from any high point for M&M.NS and ADANIPORTS.NS.

Drawdown Indicators

	M&M.NS	ADANIPORTS.NS	Difference
Max Drawdown Largest peak-to-trough decline	-94.09%	-80.27%	-13.82%
Max Drawdown (1Y) Largest decline over 1 year	-22.91%	-16.98%	-5.93%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-33.78%	+10.87%
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	-52.34%	+24.25%
Max Drawdown (10Y) Largest decline over 10 years	-72.28%	-52.92%	-19.36%
Current Drawdown Current decline from peak	-20.68%	-1.84%	-18.84%
Average Drawdown Average peak-to-trough decline	-31.10%	-26.84%	-4.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	5.77%	+3.91%

Volatility

M&M.NS vs. ADANIPORTS.NS - Volatility Comparison

Mahindra & Mahindra Limited (M&M.NS) and Adani Ports and Special Economic Zone Limited (ADANIPORTS.NS) have volatilities of 6.92% and 7.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	M&M.NS	ADANIPORTS.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	7.25%	-0.33%
Volatility (6M) Calculated over the trailing 6-month period	21.45%	23.34%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	26.75%	26.78%	-0.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.81%	37.32%	-9.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.40%	36.64%	-6.24%

Dividends

M&M.NS vs. ADANIPORTS.NS - Dividend Comparison

M&M.NS's dividend yield for the trailing twelve months is around 0.84%, more than ADANIPORTS.NS's 0.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADANIPORTS.NS Adani Ports and Special Economic Zone Limited	0.39%	0.48%	0.49%	0.49%	0.61%	0.68%	0.66%	0.05%	0.52%	0.32%	0.41%	0.42%
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%

Financials

Frequently Asked Questions

Can I hold both M&M.NS and ADANIPORTS.NS in my portfolio?

M&M.NS and ADANIPORTS.NS have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.