PERSISTENT.NS vs. KALYANKJIL.NS

Last updated Jun 5, 2026

PERSISTENT.NS (Persistent Systems Limited) and KALYANKJIL.NS (Kalyan Jewellers India Limited) are both stocks. PERSISTENT.NS operates in Information Technology Services (Technology), while KALYANKJIL.NS operates in Luxury Goods (Consumer Cyclical). Over the past 5 years, PERSISTENT.NS returned 33.97%/yr vs 35.19%/yr for KALYANKJIL.NS. At a 0.20 correlation, their price movements are largely independent.

Performance

PERSISTENT.NS vs. KALYANKJIL.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Persistent Systems Limited (PERSISTENT.NS) and Kalyan Jewellers India Limited (KALYANKJIL.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PERSISTENT.NS achieves a -17.85% return, which is significantly higher than KALYANKJIL.NS's -25.39% return.

PERSISTENT.NS

• 1D: 0.82%
• 1M: 0.13%
• YTD: -17.85%
• 6M: -21.15%
• 1Y: -9.42%
• 3Y*: 26.20%
• 5Y*: 33.97%
• 10Y*: 31.72%

KALYANKJIL.NS

• 1D: 2.58%
• 1M: -14.71%
• YTD: -25.39%
• 6M: -23.78%
• 1Y: -35.51%
• 3Y*: 48.62%
• 5Y*: 35.19%
• 10Y*: —

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

PERSISTENT.NS vs. KALYANKJIL.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PERSISTENT.NS Persistent Systems Limited	-17.85%	-2.78%	76.27%	93.42%	-20.54%	171.79%
KALYANKJIL.NS Kalyan Jewellers India Limited	-25.39%	-36.47%	116.88%	180.63%	84.88%	-8.98%

Correlation

The correlation between PERSISTENT.NS and KALYANKJIL.NS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (All Time) Calculated using the full available price history since Mar 30, 2021	0.20

The correlation between PERSISTENT.NS and KALYANKJIL.NS shifts across timeframes, from 0.20 (all time) to 0.31 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PERSISTENT.NS vs. KALYANKJIL.NS — Risk / Return Rank

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

PERSISTENT.NS

PERSISTENT.NS Risk / Return Rank: 32
PERSISTENT.NS Sharpe Ratio Rank: 33
PERSISTENT.NS Sortino Ratio Rank: 29
PERSISTENT.NS Omega Ratio Rank: 29
PERSISTENT.NS Calmar Ratio Rank: 35
PERSISTENT.NS Martin Ratio Rank: 34

KALYANKJIL.NS

KALYANKJIL.NS Risk / Return Rank: 9
KALYANKJIL.NS Sharpe Ratio Rank: 7
KALYANKJIL.NS Sortino Ratio Rank: 8
KALYANKJIL.NS Omega Ratio Rank: 8
KALYANKJIL.NS Calmar Ratio Rank: 11
KALYANKJIL.NS Martin Ratio Rank: 9

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.

PERSISTENT.NS vs. KALYANKJIL.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Persistent Systems Limited (PERSISTENT.NS) and Kalyan Jewellers India Limited (KALYANKJIL.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.

	PERSISTENT.NS	KALYANKJIL.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.19	-0.90	+0.71
Sortino ratio: Return per unit of downside risk	-0.04	-1.25	+1.21
Omega ratio: Gain probability vs. loss probability	1.00	0.84	+0.16
Calmar ratio: Return relative to maximum drawdown	-0.21	-0.79	+0.59
Martin ratio: Return relative to average drawdown	-0.43	-1.37	+0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PERSISTENT.NS vs. KALYANKJIL.NS - Sharpe Ratio Comparison

The current PERSISTENT.NS Sharpe Ratio is -0.19, which is higher than the KALYANKJIL.NS Sharpe Ratio of -0.90. The chart below compares the historical Sharpe Ratios of PERSISTENT.NS and KALYANKJIL.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

	PERSISTENT.NS	KALYANKJIL.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.19	-0.90	+0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.82	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.94	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.82	+0.05

Drawdowns

PERSISTENT.NS vs. KALYANKJIL.NS - Drawdown Comparison

The maximum PERSISTENT.NS drawdown since its inception was -46.47%, smaller than the maximum KALYANKJIL.NS drawdown of -56.27%. Use the drawdown chart below to compare losses from any high point for PERSISTENT.NS and KALYANKJIL.NS.

Drawdown Indicators

	PERSISTENT.NS	KALYANKJIL.NS	Difference
Max Drawdown Largest peak-to-trough decline	-46.47%	-56.27%	+9.80%
Max Drawdown (1Y) Largest decline over 1 year	-30.80%	-43.79%	+12.99%
Max Drawdown (3Y) Largest decline over 3 years	-34.28%	-56.27%	+21.99%
Max Drawdown (5Y) Largest decline over 5 years	-36.12%	-56.27%	+20.15%
Max Drawdown (10Y) Largest decline over 10 years	-46.13%	—	—
Current Drawdown Current decline from peak	-22.67%	-53.91%	+31.24%
Average Drawdown Average peak-to-trough decline	-16.89%	-19.06%	+2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.83%	25.39%	-10.56%

Volatility

PERSISTENT.NS vs. KALYANKJIL.NS - Volatility Comparison

Persistent Systems Limited (PERSISTENT.NS) and Kalyan Jewellers India Limited (KALYANKJIL.NS) have volatilities of 13.66% and 13.93%, 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

	PERSISTENT.NS	KALYANKJIL.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.66%	13.93%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	26.72%	32.27%	-5.55%
Volatility (1Y) Calculated over the trailing 1-year period	33.81%	38.60%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.91%	43.76%	-8.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.46%	44.21%	-9.75%

Dividends

PERSISTENT.NS vs. KALYANKJIL.NS - Dividend Comparison

PERSISTENT.NS's dividend yield for the trailing twelve months is around 0.72%, more than KALYANKJIL.NS's 0.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KALYANKJIL.NS Kalyan Jewellers India Limited	0.41%	0.31%	0.16%	0.14%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PERSISTENT.NS Persistent Systems Limited	0.72%	0.56%	0.40%	0.68%	0.80%	0.41%	0.79%	1.64%	1.60%	1.26%	1.30%	1.56%

Financials

Frequently Asked Questions

Can I hold both PERSISTENT.NS and KALYANKJIL.NS in my portfolio?

PERSISTENT.NS and KALYANKJIL.NS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.