M&M.NS vs. TRENT.NS

Last updated Jun 5, 2026

M&M.NS (Mahindra & Mahindra Limited) and TRENT.NS (Trent Limited) are both stocks. Both are in the Consumer Cyclical sector — M&M.NS in Auto Manufacturers, TRENT.NS in Apparel Retail. Over the past 10 years, M&M.NS returned 16.84%/yr vs 38.19%/yr for TRENT.NS. At a 0.23 correlation, their price movements are largely independent.

Performance

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

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Mahindra & Mahindra Limited (M&M.NS) and Trent Limited (TRENT.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 TRENT.NS's -0.46% return. Over the past 10 years, M&M.NS has underperformed TRENT.NS with an annualized return of 16.84%, while TRENT.NS has yielded a comparatively higher 38.19% annualized return.

M&M.NS

• 1D: 0.17%
• 1M: -6.06%
• YTD: -18.69%
• 6M: -17.85%
• 1Y: -0.43%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

TRENT.NS

• 1D: 0.34%
• 1M: 2.69%
• YTD: -0.46%
• 6M: 1.10%
• 1Y: -22.71%
• 3Y*: 38.71%
• 5Y*: 38.03%
• 10Y*: 38.19%

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

M&M.NS vs. TRENT.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%
TRENT.NS Trent Limited	-0.46%	-39.81%	133.11%	126.20%	27.03%	55.16%	30.84%	46.07%	7.07%	69.20%

Correlation

The correlation between M&M.NS and TRENT.NS is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.45
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.35
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.23

Over the past year, M&M.NS and TRENT.NS have become more correlated (0.45) than their long-term average of 0.23, meaning their price movements have been converging.

Return for Risk

M&M.NS vs. TRENT.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

TRENT.NS

TRENT.NS Risk / Return Rank: 18
TRENT.NS Sharpe Ratio Rank: 12
TRENT.NS Sortino Ratio Rank: 14
TRENT.NS Omega Ratio Rank: 14
TRENT.NS Calmar Ratio Rank: 25
TRENT.NS Martin Ratio Rank: 26

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. TRENT.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mahindra & Mahindra Limited (M&M.NS) and Trent Limited (TRENT.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	TRENT.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.02	-0.71	+0.70
Sortino ratio: Return per unit of downside risk	0.17	-0.86	+1.03
Omega ratio: Gain probability vs. loss probability	1.02	0.89	+0.13
Calmar ratio: Return relative to maximum drawdown	-0.02	-0.49	+0.47
Martin ratio: Return relative to average drawdown	-0.04	-0.80	+0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current M&M.NS Sharpe Ratio is -0.02, which is higher than the TRENT.NS Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of M&M.NS and TRENT.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	TRENT.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.02	-0.71	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.15	1.12	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	1.05	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	0.44	-0.25

Drawdowns

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

The maximum M&M.NS drawdown since its inception was -94.09%, which is greater than TRENT.NS's maximum drawdown of -87.98%. Use the drawdown chart below to compare losses from any high point for M&M.NS and TRENT.NS.

Drawdown Indicators

	M&M.NS	TRENT.NS	Difference
Max Drawdown Largest peak-to-trough decline	-94.09%	-87.98%	-6.11%
Max Drawdown (1Y) Largest decline over 1 year	-22.91%	-46.97%	+24.06%
Max Drawdown (3Y) Largest decline over 3 years	-22.91%	-59.90%	+36.99%
Max Drawdown (5Y) Largest decline over 5 years	-28.09%	-59.90%	+31.81%
Max Drawdown (10Y) Largest decline over 10 years	-72.28%	-59.90%	-12.38%
Current Drawdown Current decline from peak	-20.68%	-48.26%	+27.58%
Average Drawdown Average peak-to-trough decline	-31.10%	-29.31%	-1.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.68%	28.48%	-18.80%

Volatility

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

The current volatility for Mahindra & Mahindra Limited (M&M.NS) is 6.92%, while Trent Limited (TRENT.NS) has a volatility of 7.60%. This indicates that M&M.NS experiences smaller price fluctuations and is considered to be less risky than TRENT.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	M&M.NS	TRENT.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.92%	7.60%	-0.68%
Volatility (6M) Calculated over the trailing 6-month period	21.45%	24.68%	-3.23%
Volatility (1Y) Calculated over the trailing 1-year period	26.75%	32.42%	-5.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.81%	34.57%	-6.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.40%	37.00%	-6.60%

Dividends

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

M&M.NS's dividend yield for the trailing twelve months is around 0.84%, more than TRENT.NS's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
TRENT.NS Trent Limited	0.08%	0.08%	0.03%	0.05%	0.08%	0.04%	0.10%	0.17%	0.21%	0.20%	0.00%	0.00%

Financials

Frequently Asked Questions

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

M&M.NS and TRENT.NS have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.