M&MFIN.NS vs. BHARTIARTL.NS

Last updated Jun 4, 2026

M&MFIN.NS (Mahindra & Mahindra Financial Services Limited) and BHARTIARTL.NS (Bharti Airtel Limited) are both stocks. M&MFIN.NS operates in Credit Services (Financial Services), while BHARTIARTL.NS operates in Telecom Services (Communication Services). Over the past 10 years, M&MFIN.NS returned 5.14%/yr vs 19.60%/yr for BHARTIARTL.NS. At a 0.18 correlation, their price movements are largely independent.

Performance

M&MFIN.NS vs. BHARTIARTL.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Mahindra & Mahindra Financial Services Limited (M&MFIN.NS) and Bharti Airtel Limited (BHARTIARTL.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, M&MFIN.NS achieves a -27.90% return, which is significantly lower than BHARTIARTL.NS's -13.43% return. Over the past 10 years, M&MFIN.NS has underperformed BHARTIARTL.NS with an annualized return of 5.14%, while BHARTIARTL.NS has yielded a comparatively higher 19.60% annualized return.

M&MFIN.NS

• 1D: -1.27%
• 1M: -4.36%
• YTD: -27.90%
• 6M: -18.27%
• 1Y: 12.79%
• 3Y*: 1.26%
• 5Y*: 13.48%
• 10Y*: 5.14%

BHARTIARTL.NS

• 1D: 0.45%
• 1M: -0.21%
• YTD: -13.43%
• 6M: -12.60%
• 1Y: -0.12%
• 3Y*: 30.37%
• 5Y*: 28.98%
• 10Y*: 19.60%

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

M&MFIN.NS vs. BHARTIARTL.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
M&MFIN.NS Mahindra & Mahindra Financial Services Limited	-27.90%	55.88%	-2.27%	20.13%	60.21%	-14.42%	-11.04%	-30.78%	0.94%	76.18%
BHARTIARTL.NS Bharti Airtel Limited	-13.43%	33.34%	55.56%	28.00%	18.71%	36.77%	12.13%	59.06%	-39.89%	74.07%

Correlation

The correlation between M&MFIN.NS and BHARTIARTL.NS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Mar 20, 2006	0.18

The correlation between M&MFIN.NS and BHARTIARTL.NS shifts across timeframes, from 0.18 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

M&MFIN.NS vs. BHARTIARTL.NS — Risk / Return Rank

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

M&MFIN.NS

M&MFIN.NS Risk / Return Rank: 51
M&MFIN.NS Sharpe Ratio Rank: 54
M&MFIN.NS Sortino Ratio Rank: 49
M&MFIN.NS Omega Ratio Rank: 47
M&MFIN.NS Calmar Ratio Rank: 51
M&MFIN.NS Martin Ratio Rank: 52

BHARTIARTL.NS

BHARTIARTL.NS Risk / Return Rank: 37
BHARTIARTL.NS Sharpe Ratio Rank: 40
BHARTIARTL.NS Sortino Ratio Rank: 33
BHARTIARTL.NS Omega Ratio Rank: 33
BHARTIARTL.NS Calmar Ratio Rank: 40
BHARTIARTL.NS Martin Ratio Rank: 40

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&MFIN.NS vs. BHARTIARTL.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mahindra & Mahindra Financial Services Limited (M&MFIN.NS) and Bharti Airtel Limited (BHARTIARTL.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&MFIN.NS	BHARTIARTL.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.36	-0.01	+0.37
Sortino ratio: Return per unit of downside risk	0.79	0.13	+0.67
Omega ratio: Gain probability vs. loss probability	1.09	1.02	+0.07
Calmar ratio: Return relative to maximum drawdown	0.41	-0.01	+0.41
Martin ratio: Return relative to average drawdown	1.01	-0.01	+1.03
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&MFIN.NS vs. BHARTIARTL.NS - Sharpe Ratio Comparison

The current M&MFIN.NS Sharpe Ratio is 0.36, which is higher than the BHARTIARTL.NS Sharpe Ratio of -0.01. The chart below compares the historical Sharpe Ratios of M&MFIN.NS and BHARTIARTL.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&MFIN.NS	BHARTIARTL.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.36	-0.01	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	1.34	-0.94
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	0.69	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.58	-0.24

Drawdowns

M&MFIN.NS vs. BHARTIARTL.NS - Drawdown Comparison

The maximum M&MFIN.NS drawdown since its inception was -75.24%, which is greater than BHARTIARTL.NS's maximum drawdown of -56.87%. Use the drawdown chart below to compare losses from any high point for M&MFIN.NS and BHARTIARTL.NS.

Drawdown Indicators

	M&MFIN.NS	BHARTIARTL.NS	Difference
Max Drawdown Largest peak-to-trough decline	-75.24%	-56.87%	-18.37%
Max Drawdown (1Y) Largest decline over 1 year	-31.38%	-18.58%	-12.80%
Max Drawdown (3Y) Largest decline over 3 years	-31.38%	-18.58%	-12.80%
Max Drawdown (5Y) Largest decline over 5 years	-35.51%	-18.58%	-16.93%
Max Drawdown (10Y) Largest decline over 10 years	-75.24%	-47.22%	-28.02%
Current Drawdown Current decline from peak	-28.15%	-15.75%	-12.40%
Average Drawdown Average peak-to-trough decline	-20.89%	-22.36%	+1.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.60%	8.54%	+4.06%

Volatility

M&MFIN.NS vs. BHARTIARTL.NS - Volatility Comparison

Mahindra & Mahindra Financial Services Limited (M&MFIN.NS) has a higher volatility of 10.75% compared to Bharti Airtel Limited (BHARTIARTL.NS) at 8.10%. This indicates that M&MFIN.NS's price experiences larger fluctuations and is considered to be riskier than BHARTIARTL.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	M&MFIN.NS	BHARTIARTL.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.75%	8.10%	+2.65%
Volatility (6M) Calculated over the trailing 6-month period	29.43%	14.63%	+14.80%
Volatility (1Y) Calculated over the trailing 1-year period	35.14%	19.32%	+15.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.34%	21.99%	+12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.07%	29.16%	+11.91%

Dividends

M&MFIN.NS vs. BHARTIARTL.NS - Dividend Comparison

M&MFIN.NS's dividend yield for the trailing twelve months is around 2.24%, more than BHARTIARTL.NS's 0.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHARTIARTL.NS Bharti Airtel Limited	0.88%	0.76%	0.50%	0.39%	0.37%	0.00%	0.39%	0.00%	2.51%	0.19%	0.45%	0.66%
M&MFIN.NS Mahindra & Mahindra Financial Services Limited	2.24%	1.61%	2.31%	2.11%	1.49%	0.52%	0.00%	1.96%	0.82%	0.49%	1.44%	1.61%

Financials

Frequently Asked Questions

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

M&MFIN.NS and BHARTIARTL.NS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.