MUTHOOTFIN.NS vs. CHOLAFIN.NS

Last updated Jun 5, 2026

MUTHOOTFIN.NS (Muthoot Finance Limited) and CHOLAFIN.NS (Cholamandalam Investment and Finance Company Limited) are both stocks. Both operate in the Credit Services industry within the Financial Services sector. Over the past 10 years, MUTHOOTFIN.NS returned 30.10%/yr vs 22.57%/yr for CHOLAFIN.NS. At a 0.26 correlation, their price movements are largely independent.

Performance

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Muthoot Finance Limited (MUTHOOTFIN.NS) and Cholamandalam Investment and Finance Company Limited (CHOLAFIN.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MUTHOOTFIN.NS achieves a -16.14% return, which is significantly lower than CHOLAFIN.NS's -12.53% return. Over the past 10 years, MUTHOOTFIN.NS has outperformed CHOLAFIN.NS with an annualized return of 30.10%, while CHOLAFIN.NS has yielded a comparatively lower 22.57% annualized return.

MUTHOOTFIN.NS

• 1D: -1.51%
• 1M: -10.30%
• YTD: -16.14%
• 6M: -15.88%
• 1Y: 39.31%
• 3Y*: 42.82%
• 5Y*: 17.67%
• 10Y*: 30.10%

CHOLAFIN.NS

• 1D: 0.81%
• 1M: -13.60%
• YTD: -12.53%
• 6M: -14.14%
• 1Y: -1.78%
• 3Y*: 12.44%
• 5Y*: 21.33%
• 10Y*: 22.57%

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

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MUTHOOTFIN.NS Muthoot Finance Limited	-16.14%	80.62%	46.80%	41.85%	-27.82%	25.75%	62.90%	50.53%	11.36%	70.61%
CHOLAFIN.NS Cholamandalam Investment and Finance Company Limited	-12.53%	43.33%	-5.58%	74.06%	39.88%	34.99%	26.95%	22.01%	-2.11%	38.01%

Correlation

The correlation between MUTHOOTFIN.NS and CHOLAFIN.NS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.38
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since May 9, 2011	0.26

The correlation between MUTHOOTFIN.NS and CHOLAFIN.NS shifts across timeframes, from 0.26 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

MUTHOOTFIN.NS vs. CHOLAFIN.NS — Risk / Return Rank

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

MUTHOOTFIN.NS

MUTHOOTFIN.NS Risk / Return Rank: 72
MUTHOOTFIN.NS Sharpe Ratio Rank: 75
MUTHOOTFIN.NS Sortino Ratio Rank: 70
MUTHOOTFIN.NS Omega Ratio Rank: 73
MUTHOOTFIN.NS Calmar Ratio Rank: 71
MUTHOOTFIN.NS Martin Ratio Rank: 72

CHOLAFIN.NS

CHOLAFIN.NS Risk / Return Rank: 37
CHOLAFIN.NS Sharpe Ratio Rank: 39
CHOLAFIN.NS Sortino Ratio Rank: 34
CHOLAFIN.NS Omega Ratio Rank: 34
CHOLAFIN.NS Calmar Ratio Rank: 39
CHOLAFIN.NS Martin Ratio Rank: 38

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.

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Muthoot Finance Limited (MUTHOOTFIN.NS) and Cholamandalam Investment and Finance Company Limited (CHOLAFIN.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.

	MUTHOOTFIN.NS	CHOLAFIN.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.16	-0.05	+1.21
Sortino ratio: Return per unit of downside risk	1.70	0.16	+1.54
Omega ratio: Gain probability vs. loss probability	1.25	1.02	+0.23
Calmar ratio: Return relative to maximum drawdown	1.70	-0.07	+1.78
Martin ratio: Return relative to average drawdown	4.19	-0.19	+4.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Sharpe Ratio Comparison

The current MUTHOOTFIN.NS Sharpe Ratio is 1.16, which is higher than the CHOLAFIN.NS Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of MUTHOOTFIN.NS and CHOLAFIN.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

	MUTHOOTFIN.NS	CHOLAFIN.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.16	-0.05	+1.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.64	-0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	0.56	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.43	+0.21

Drawdowns

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Drawdown Comparison

The maximum MUTHOOTFIN.NS drawdown since its inception was -67.51%, smaller than the maximum CHOLAFIN.NS drawdown of -93.69%. Use the drawdown chart below to compare losses from any high point for MUTHOOTFIN.NS and CHOLAFIN.NS.

Drawdown Indicators

	MUTHOOTFIN.NS	CHOLAFIN.NS	Difference
Max Drawdown Largest peak-to-trough decline	-67.51%	-93.69%	+26.18%
Max Drawdown (1Y) Largest decline over 1 year	-23.86%	-24.90%	+1.04%
Max Drawdown (3Y) Largest decline over 3 years	-23.86%	-28.31%	+4.45%
Max Drawdown (5Y) Largest decline over 5 years	-45.70%	-28.31%	-17.39%
Max Drawdown (10Y) Largest decline over 10 years	-45.70%	-64.26%	+18.56%
Current Drawdown Current decline from peak	-21.88%	-17.38%	-4.50%
Average Drawdown Average peak-to-trough decline	-15.63%	-31.74%	+16.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.70%	9.19%	+0.51%

Volatility

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Volatility Comparison

Muthoot Finance Limited (MUTHOOTFIN.NS) has a higher volatility of 9.93% compared to Cholamandalam Investment and Finance Company Limited (CHOLAFIN.NS) at 8.80%. This indicates that MUTHOOTFIN.NS's price experiences larger fluctuations and is considered to be riskier than CHOLAFIN.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MUTHOOTFIN.NS	CHOLAFIN.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	8.80%	+1.13%
Volatility (6M) Calculated over the trailing 6-month period	28.92%	25.50%	+3.42%
Volatility (1Y) Calculated over the trailing 1-year period	35.23%	32.65%	+2.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.26%	34.00%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.56%	41.10%	-4.54%

Dividends

MUTHOOTFIN.NS vs. CHOLAFIN.NS - Dividend Comparison

MUTHOOTFIN.NS's dividend yield for the trailing twelve months is around 0.95%, more than CHOLAFIN.NS's 0.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CHOLAFIN.NS Cholamandalam Investment and Finance Company Limited	0.13%	0.12%	0.17%	0.16%	0.28%	0.38%	0.18%	1.28%	0.51%	0.42%	0.48%	0.55%
MUTHOOTFIN.NS Muthoot Finance Limited	0.95%	0.68%	1.12%	1.49%	1.88%	1.34%	1.24%	1.58%	1.94%	1.26%	0.71%	3.34%

Financials

Frequently Asked Questions

Can I hold both MUTHOOTFIN.NS and CHOLAFIN.NS in my portfolio?

MUTHOOTFIN.NS and CHOLAFIN.NS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.