NMDC.NS vs. SPYG

Last updated Jul 21, 2026

NMDC.NS (NMDC Limited) is a stock, while SPYG (State Street SPDR Portfolio S&P 500 Growth ETF) is S&P 500 fund tracking the S&P 500 Growth Index. Over the past 10 years, NMDC.NS returned 33.61%/yr vs 21.61%/yr for SPYG. At a 0.03 correlation, their price movements are largely independent.

Performance

NMDC.NS vs. SPYG - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in NMDC Limited (NMDC.NS) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

NMDC.NS is traded in INR, while SPYG is traded in USD. To make them comparable, the SPYG values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, NMDC.NS achieves a 3.88% return, which is significantly lower than SPYG's 17.59% return. Over the past 10 years, NMDC.NS has outperformed SPYG with an annualized return of 33.61%, while SPYG has yielded a comparatively lower 21.61% annualized return.

NMDC.NS

• 1D: 0.76%
• 1M: -5.17%
• 6M: 6.15%
• YTD: 3.88%
• 1Y: 22.63%
• 3Y*: 44.23%
• 5Y*: 33.86%
• 10Y*: 33.61%
• ALL TIME*: 11.69%

SPYG

• 1D: 0.46%
• 1M: -0.17%
• 6M: 15.88%
• YTD: 17.59%
• 1Y: 34.92%
• 3Y*: 31.30%
• 5Y*: 19.39%
• 10Y*: 21.61%
• ALL TIME*: 18.44%

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

NMDC.NS vs. SPYG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMDC.NS NMDC Limited	3.88%	32.36%	7.54%	102.48%	40.73%	97.87%	10.18%	64.27%	-18.55%	17.27%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	17.59%	27.93%	40.11%	30.92%	-21.82%	34.64%	36.82%	34.16%	8.92%	19.33%

Correlation

The correlation between NMDC.NS and SPYG is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 3, 2008	0.03

Return for Risk

NMDC.NS vs. SPYG — Risk / Return Rank

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

NMDC.NS

NMDC.NS Risk / Return Rank: 71
NMDC.NS Sharpe Ratio Rank: 72
NMDC.NS Sortino Ratio Rank: 66
NMDC.NS Omega Ratio Rank: 65
NMDC.NS Calmar Ratio Rank: 77
NMDC.NS Martin Ratio Rank: 78

SPYG

SPYG Risk / Return Rank: 42
SPYG Sharpe Ratio Rank: 43
SPYG Sortino Ratio Rank: 42
SPYG Omega Ratio Rank: 41
SPYG Calmar Ratio Rank: 38
SPYG Martin Ratio Rank: 46

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.

NMDC.NS vs. SPYG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NMDC Limited (NMDC.NS) and State Street SPDR Portfolio S&P 500 Growth ETF (SPYG). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	NMDC.NS	SPYG	Difference
Sharpe ratio: Return per unit of total volatility	0.84	1.99	-1.15
Sortino ratio: Return per unit of downside risk	1.32	2.64	-1.32
Omega ratio: Gain probability vs. loss probability	1.16	1.34	-0.18
Calmar ratio: Return relative to maximum drawdown	1.75	3.13	-1.38
Martin ratio: Return relative to average drawdown	4.48	10.69	-6.21

NMDC.NS vs. SPYG - Sharpe Ratio Comparison

The current NMDC.NS Sharpe Ratio is 0.84, which is lower than the SPYG Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of NMDC.NS and SPYG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

NMDC.NS vs. SPYG - Drawdown Comparison

The maximum NMDC.NS drawdown since its inception was -81.72%, which is greater than SPYG's maximum drawdown of -39.13%. Use the drawdown chart below to compare losses from any high point for NMDC.NS and SPYG.

Drawdown Indicators

	NMDC.NS	SPYG	Difference
Max Drawdown Largest peak-to-trough decline	-81.72%	-39.13%	-42.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.35%	-11.22%	-2.13%
Max Drawdown (3Y) Largest decline over 3 years	-34.88%	-22.71%	-12.17%
Max Drawdown (5Y) Largest decline over 5 years	-42.73%	-28.53%	-14.20%
Max Drawdown (10Y) Largest decline over 10 years	-43.63%	-28.53%	-15.10%
Current Drawdown Current decline from peak	-12.69%	-3.46%	-9.23%
Average Drawdown Average peak-to-trough decline	-45.95%	-5.68%	-40.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.14%	3.28%	+1.86%

Volatility

NMDC.NS vs. SPYG - Volatility Comparison

The current volatility for NMDC Limited (NMDC.NS) is 4.78%, while State Street SPDR Portfolio S&P 500 Growth ETF (SPYG) has a volatility of 5.88%. This indicates that NMDC.NS experiences smaller price fluctuations and is considered to be less risky than SPYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMDC.NS	SPYG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	5.88%	-1.10%
Volatility (6M) Calculated over the trailing 6-month period	22.20%	14.30%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	27.92%	17.67%	+10.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.45%	20.68%	+15.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.54%	19.84%	+19.70%

Dividends

NMDC.NS vs. SPYG - Dividend Comparison

NMDC.NS's dividend yield for the trailing twelve months is around 4.17%, more than SPYG's 0.50% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NMDC.NS NMDC Limited	4.17%	3.97%	14.41%	9.44%	13.97%	49.11%	18.04%	16.71%	17.33%	4.86%	11.60%	8.04%
SPYG State Street SPDR Portfolio S&P 500 Growth ETF	0.50%	0.52%	0.60%	1.15%	1.03%	0.62%	0.90%	1.37%	1.51%	1.41%	1.55%	1.57%

Frequently Asked Questions

Can I hold both NMDC.NS and SPYG in my portfolio?

NMDC.NS and SPYG have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.