MRF.NS vs. ^NIFTY200

Last updated Jun 5, 2026

MRF.NS (MRF Limited) is a stock, while ^NIFTY200 (NIFTY 200) is an index. Over the past 10 years, MRF.NS returned 14.31%/yr vs 12.20%/yr for ^NIFTY200. At a 0.49 correlation, their price movements are largely independent.

Performance

MRF.NS vs. ^NIFTY200 - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in MRF Limited (MRF.NS) and NIFTY 200 (^NIFTY200). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MRF.NS achieves a -18.41% return, which is significantly lower than ^NIFTY200's -6.77% return. Over the past 10 years, MRF.NS has outperformed ^NIFTY200 with an annualized return of 14.31%, while ^NIFTY200 has yielded a comparatively lower 12.20% annualized return.

MRF.NS

• 1D: -0.06%
• 1M: -4.31%
• YTD: -18.41%
• 6M: -18.60%
• 1Y: -11.01%
• 3Y*: 8.99%
• 5Y*: 8.17%
• 10Y*: 14.31%

^NIFTY200

• 1D: 0.16%
• 1M: -2.93%
• YTD: -6.77%
• 6M: -6.82%
• 1Y: -2.14%
• 3Y*: 11.52%
• 5Y*: 10.29%
• 10Y*: 12.20%

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

MRF.NS vs. ^NIFTY200 - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MRF.NS MRF Limited	-18.41%	17.19%	0.96%	46.61%	20.95%	-3.01%	14.39%	-0.87%	-7.35%	48.08%
^NIFTY200 NIFTY 200	-6.77%	8.40%	13.63%	23.49%	3.65%	27.47%	15.62%	8.68%	-1.01%	33.43%

Correlation

The correlation between MRF.NS and ^NIFTY200 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	0.44
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Jan 5, 2004	0.49

Return for Risk

MRF.NS vs. ^NIFTY200 — Risk / Return Rank

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

MRF.NS

MRF.NS Risk / Return Rank: 26
MRF.NS Sharpe Ratio Rank: 27
MRF.NS Sortino Ratio Rank: 22
MRF.NS Omega Ratio Rank: 24
MRF.NS Calmar Ratio Rank: 30
MRF.NS Martin Ratio Rank: 28

^NIFTY200

^NIFTY200 Risk / Return Rank: 7
^NIFTY200 Sharpe Ratio Rank: 7
^NIFTY200 Sortino Ratio Rank: 6
^NIFTY200 Omega Ratio Rank: 6
^NIFTY200 Calmar Ratio Rank: 9
^NIFTY200 Martin Ratio Rank: 8

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.

MRF.NS vs. ^NIFTY200 - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MRF Limited (MRF.NS) and NIFTY 200 (^NIFTY200). 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.

	MRF.NS	^NIFTY200	Difference
Sharpe ratio: Return per unit of total volatility	-0.34	-0.12	-0.22
Sortino ratio: Return per unit of downside risk	-0.37	-0.07	-0.30
Omega ratio: Gain probability vs. loss probability	0.96	0.99	-0.03
Calmar ratio: Return relative to maximum drawdown	-0.34	-0.11	-0.23
Martin ratio: Return relative to average drawdown	-0.72	-0.35	-0.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MRF.NS vs. ^NIFTY200 - Sharpe Ratio Comparison

The current MRF.NS Sharpe Ratio is -0.34, which is lower than the ^NIFTY200 Sharpe Ratio of -0.12. The chart below compares the historical Sharpe Ratios of MRF.NS and ^NIFTY200, 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

	MRF.NS	^NIFTY200	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.34	-0.12	-0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.73	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.76	-0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.59	+0.12

Drawdowns

MRF.NS vs. ^NIFTY200 - Drawdown Comparison

The maximum MRF.NS drawdown since its inception was -80.98%, which is greater than ^NIFTY200's maximum drawdown of -64.04%. Use the drawdown chart below to compare losses from any high point for MRF.NS and ^NIFTY200.

Drawdown Indicators

	MRF.NS	^NIFTY200	Difference
Max Drawdown Largest peak-to-trough decline	-80.98%	-64.04%	-16.94%
Max Drawdown (1Y) Largest decline over 1 year	-23.95%	-14.89%	-9.06%
Max Drawdown (3Y) Largest decline over 3 years	-31.79%	-18.08%	-13.71%
Max Drawdown (5Y) Largest decline over 5 years	-31.79%	-18.15%	-13.64%
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	-38.22%	+2.61%
Current Drawdown Current decline from peak	-23.15%	-8.38%	-14.77%
Average Drawdown Average peak-to-trough decline	-16.72%	-10.96%	-5.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.41%	4.62%	+6.79%

Volatility

MRF.NS vs. ^NIFTY200 - Volatility Comparison

MRF Limited (MRF.NS) has a higher volatility of 5.06% compared to NIFTY 200 (^NIFTY200) at 4.01%. This indicates that MRF.NS's price experiences larger fluctuations and is considered to be riskier than ^NIFTY200 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MRF.NS	^NIFTY200	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	4.01%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	17.96%	12.10%	+5.86%
Volatility (1Y) Calculated over the trailing 1-year period	24.32%	13.72%	+10.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	14.32%	+8.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.56%	16.28%	+9.28%

Frequently Asked Questions

Can I hold both MRF.NS and ^NIFTY200 in my portfolio?

MRF.NS and ^NIFTY200 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.