NTPC.NS vs. POWERGRID.NS

Last updated Jun 5, 2026

NTPC.NS (NTPC Limited) and POWERGRID.NS (Power Grid Corporation of India Limited) are both stocks. Both operate in the Utilities - Regulated Electric industry within the Utilities sector. Over the past 10 years, NTPC.NS returned 15.73%/yr vs 22.36%/yr for POWERGRID.NS. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

NTPC.NS vs. POWERGRID.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in NTPC Limited (NTPC.NS) and Power Grid Corporation of India Limited (POWERGRID.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NTPC.NS achieves a 12.02% return, which is significantly higher than POWERGRID.NS's 8.77% return. Over the past 10 years, NTPC.NS has underperformed POWERGRID.NS with an annualized return of 15.73%, while POWERGRID.NS has yielded a comparatively higher 22.36% annualized return.

NTPC.NS

• 1D: -0.11%
• 1M: -8.09%
• YTD: 12.02%
• 6M: 14.31%
• 1Y: 14.22%
• 3Y*: 31.66%
• 5Y*: 31.51%
• 10Y*: 15.73%

POWERGRID.NS

• 1D: -0.16%
• 1M: -10.91%
• YTD: 8.77%
• 6M: 6.95%
• 1Y: 5.71%
• 3Y*: 27.58%
• 5Y*: 28.18%
• 10Y*: 22.36%

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

NTPC.NS vs. POWERGRID.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NTPC.NS NTPC Limited	12.02%	1.49%	9.71%	96.38%	40.35%	32.70%	-13.43%	0.42%	-13.14%	10.51%
POWERGRID.NS Power Grid Corporation of India Limited	8.77%	-8.09%	47.91%	59.74%	13.41%	59.04%	16.19%	3.33%	4.05%	13.32%

Correlation

The correlation between NTPC.NS and POWERGRID.NS is 0.55, 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	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since Oct 8, 2007	0.51

The correlation between NTPC.NS and POWERGRID.NS has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.

Return for Risk

NTPC.NS vs. POWERGRID.NS — Risk / Return Rank

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

NTPC.NS

NTPC.NS Risk / Return Rank: 64
NTPC.NS Sharpe Ratio Rank: 66
NTPC.NS Sortino Ratio Rank: 60
NTPC.NS Omega Ratio Rank: 57
NTPC.NS Calmar Ratio Rank: 67
NTPC.NS Martin Ratio Rank: 72

POWERGRID.NS

POWERGRID.NS Risk / Return Rank: 49
POWERGRID.NS Sharpe Ratio Rank: 52
POWERGRID.NS Sortino Ratio Rank: 45
POWERGRID.NS Omega Ratio Rank: 43
POWERGRID.NS Calmar Ratio Rank: 53
POWERGRID.NS Martin Ratio Rank: 54

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.

NTPC.NS vs. POWERGRID.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NTPC Limited (NTPC.NS) and Power Grid Corporation of India Limited (POWERGRID.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.

	NTPC.NS	POWERGRID.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.77	0.28	+0.49
Sortino ratio: Return per unit of downside risk	1.24	0.58	+0.66
Omega ratio: Gain probability vs. loss probability	1.15	1.07	+0.08
Calmar ratio: Return relative to maximum drawdown	1.33	0.46	+0.87
Martin ratio: Return relative to average drawdown	3.94	1.06	+2.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NTPC.NS vs. POWERGRID.NS - Sharpe Ratio Comparison

The current NTPC.NS Sharpe Ratio is 0.77, which is higher than the POWERGRID.NS Sharpe Ratio of 0.28. The chart below compares the historical Sharpe Ratios of NTPC.NS and POWERGRID.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

	NTPC.NS	POWERGRID.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.28	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.26	1.12	+0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.90	-0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.55	-0.13

Drawdowns

NTPC.NS vs. POWERGRID.NS - Drawdown Comparison

The maximum NTPC.NS drawdown since its inception was -55.03%, smaller than the maximum POWERGRID.NS drawdown of -63.30%. Use the drawdown chart below to compare losses from any high point for NTPC.NS and POWERGRID.NS.

Drawdown Indicators

	NTPC.NS	POWERGRID.NS	Difference
Max Drawdown Largest peak-to-trough decline	-55.03%	-63.30%	+8.27%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-12.54%	+1.86%
Max Drawdown (3Y) Largest decline over 3 years	-32.30%	-29.56%	-2.74%
Max Drawdown (5Y) Largest decline over 5 years	-32.30%	-29.56%	-2.74%
Max Drawdown (10Y) Largest decline over 10 years	-46.83%	-29.56%	-17.27%
Current Drawdown Current decline from peak	-13.96%	-14.35%	+0.39%
Average Drawdown Average peak-to-trough decline	-24.53%	-15.17%	-9.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.60%	5.42%	-1.82%

Volatility

NTPC.NS vs. POWERGRID.NS - Volatility Comparison

NTPC Limited (NTPC.NS) and Power Grid Corporation of India Limited (POWERGRID.NS) have volatilities of 6.39% and 6.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NTPC.NS	POWERGRID.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	6.45%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	15.66%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	18.45%	20.32%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.37%	25.65%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.85%	25.47%	+0.38%

Dividends

NTPC.NS vs. POWERGRID.NS - Dividend Comparison

NTPC.NS's dividend yield for the trailing twelve months is around 2.42%, less than POWERGRID.NS's 6.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NTPC.NS NTPC Limited	2.42%	2.61%	2.70%	3.05%	4.21%	4.94%	3.17%	4.61%	3.44%	2.70%	2.03%	1.71%
POWERGRID.NS Power Grid Corporation of India Limited	6.85%	7.37%	12.23%	5.80%	7.96%	9.13%	14.05%	7.78%	4.70%	3.86%	2.24%	2.52%

Financials

Frequently Asked Questions

Can I hold both NTPC.NS and POWERGRID.NS in my portfolio?

NTPC.NS and POWERGRID.NS have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.