MPHASIS.NS vs. COFORGE.NS

Last updated Jun 5, 2026

MPHASIS.NS (MphasiS Limited) and COFORGE.NS (Coforge Limited) are both stocks. Both operate in the Information Technology Services industry within the Technology sector. Over the past 10 years, MPHASIS.NS returned 18.39%/yr vs 30.50%/yr for COFORGE.NS. At a 0.32 correlation, their price movements are largely independent.

Performance

MPHASIS.NS vs. COFORGE.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in MphasiS Limited (MPHASIS.NS) and Coforge Limited (COFORGE.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPHASIS.NS achieves a -17.03% return, which is significantly lower than COFORGE.NS's -13.51% return. Over the past 10 years, MPHASIS.NS has underperformed COFORGE.NS with an annualized return of 18.39%, while COFORGE.NS has yielded a comparatively higher 30.50% annualized return.

MPHASIS.NS

• 1D: 1.20%
• 1M: 4.39%
• YTD: -17.03%
• 6M: -21.59%
• 1Y: -6.63%
• 3Y*: 7.63%
• 5Y*: 6.26%
• 10Y*: 18.39%

COFORGE.NS

• 1D: 1.20%
• 1M: 12.23%
• YTD: -13.51%
• 6M: -27.02%
• 1Y: -18.28%
• 3Y*: 16.32%
• 5Y*: 14.50%
• 10Y*: 30.50%

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

MPHASIS.NS vs. COFORGE.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPHASIS.NS MphasiS Limited	-17.03%	-0.01%	6.17%	42.60%	-40.70%	125.47%	73.88%	-6.78%	42.78%	32.10%
COFORGE.NS Coforge Limited	-13.51%	-13.61%	54.02%	62.23%	-34.00%	117.41%	70.13%	38.18%	77.79%	49.66%

Correlation

The correlation between MPHASIS.NS and COFORGE.NS is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.41
Correlation (All Time) Calculated using the full available price history since Aug 31, 2004	0.32

Over the past year, MPHASIS.NS and COFORGE.NS have become more correlated (0.69) than their long-term average of 0.32, meaning their price movements have been converging.

Return for Risk

MPHASIS.NS vs. COFORGE.NS — Risk / Return Rank

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

MPHASIS.NS

MPHASIS.NS Risk / Return Rank: 32
MPHASIS.NS Sharpe Ratio Rank: 33
MPHASIS.NS Sortino Ratio Rank: 28
MPHASIS.NS Omega Ratio Rank: 28
MPHASIS.NS Calmar Ratio Rank: 36
MPHASIS.NS Martin Ratio Rank: 34

COFORGE.NS

COFORGE.NS Risk / Return Rank: 24
COFORGE.NS Sharpe Ratio Rank: 22
COFORGE.NS Sortino Ratio Rank: 22
COFORGE.NS Omega Ratio Rank: 22
COFORGE.NS Calmar Ratio Rank: 30
COFORGE.NS Martin Ratio Rank: 28

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.

MPHASIS.NS vs. COFORGE.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MphasiS Limited (MPHASIS.NS) and Coforge Limited (COFORGE.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.

	MPHASIS.NS	COFORGE.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.20	-0.45	+0.25
Sortino ratio: Return per unit of downside risk	-0.10	-0.42	+0.33
Omega ratio: Gain probability vs. loss probability	0.99	0.95	+0.04
Calmar ratio: Return relative to maximum drawdown	-0.18	-0.36	+0.18
Martin ratio: Return relative to average drawdown	-0.38	-0.74	+0.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPHASIS.NS vs. COFORGE.NS - Sharpe Ratio Comparison

The current MPHASIS.NS Sharpe Ratio is -0.20, which is higher than the COFORGE.NS Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of MPHASIS.NS and COFORGE.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

	MPHASIS.NS	COFORGE.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	-0.45	+0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.20	0.41	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.77	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.45	+0.04

Drawdowns

MPHASIS.NS vs. COFORGE.NS - Drawdown Comparison

The maximum MPHASIS.NS drawdown since its inception was -62.67%, smaller than the maximum COFORGE.NS drawdown of -89.46%. Use the drawdown chart below to compare losses from any high point for MPHASIS.NS and COFORGE.NS.

Drawdown Indicators

	MPHASIS.NS	COFORGE.NS	Difference
Max Drawdown Largest peak-to-trough decline	-62.67%	-89.46%	+26.79%
Max Drawdown (1Y) Largest decline over 1 year	-31.77%	-45.27%	+13.50%
Max Drawdown (3Y) Largest decline over 3 years	-34.69%	-45.27%	+10.58%
Max Drawdown (5Y) Largest decline over 5 years	-51.94%	-47.24%	-4.70%
Max Drawdown (10Y) Largest decline over 10 years	-51.94%	-57.86%	+5.92%
Current Drawdown Current decline from peak	-28.66%	-27.02%	-1.64%
Average Drawdown Average peak-to-trough decline	-24.51%	-26.61%	+2.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.73%	21.82%	-7.09%

Volatility

MPHASIS.NS vs. COFORGE.NS - Volatility Comparison

The current volatility for MphasiS Limited (MPHASIS.NS) is 8.75%, while Coforge Limited (COFORGE.NS) has a volatility of 15.95%. This indicates that MPHASIS.NS experiences smaller price fluctuations and is considered to be less risky than COFORGE.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPHASIS.NS	COFORGE.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.75%	15.95%	-7.20%
Volatility (6M) Calculated over the trailing 6-month period	21.28%	29.07%	-7.79%
Volatility (1Y) Calculated over the trailing 1-year period	27.89%	36.46%	-8.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.07%	36.17%	-4.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.82%	40.58%	-7.76%

Dividends

MPHASIS.NS vs. COFORGE.NS - Dividend Comparison

MPHASIS.NS's dividend yield for the trailing twelve months is around 2.46%, more than COFORGE.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COFORGE.NS Coforge Limited	0.84%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MPHASIS.NS MphasiS Limited	2.46%	2.04%	1.93%	1.82%	2.33%	1.91%	2.27%	2.93%	1.96%	2.34%	3.54%	3.22%

Financials

Frequently Asked Questions

Can I hold both MPHASIS.NS and COFORGE.NS in my portfolio?

MPHASIS.NS and COFORGE.NS have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.