POWERGRID.NS vs. M&M.NS

Last updated Jun 5, 2026

POWERGRID.NS (Power Grid Corporation of India Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. POWERGRID.NS operates in Utilities - Regulated Electric (Utilities), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, POWERGRID.NS returned 22.36%/yr vs 16.84%/yr for M&M.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

POWERGRID.NS vs. M&M.NS - Performance Comparison

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

Returns By Period

In the year-to-date period, POWERGRID.NS achieves a 8.77% return, which is significantly higher than M&M.NS's -18.69% return. Over the past 10 years, POWERGRID.NS has outperformed M&M.NS with an annualized return of 22.36%, while M&M.NS has yielded a comparatively lower 16.84% annualized return.

POWERGRID.NS

• 1D: -0.16%
• 1M: -9.35%
• YTD: 8.77%
• 6M: 6.67%
• 1Y: 3.12%
• 3Y*: 27.58%
• 5Y*: 28.18%
• 10Y*: 22.36%

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

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

POWERGRID.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.82%

Correlation

The correlation between POWERGRID.NS and M&M.NS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.24
Correlation (10Y) Calculated over the trailing 10-year period	0.25
Correlation (All Time) Calculated using the full available price history since Oct 8, 2007	0.27

Return for Risk

POWERGRID.NS vs. M&M.NS — Risk / Return Rank

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

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

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

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.

POWERGRID.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

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

	POWERGRID.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.28	-0.02	+0.30
Sortino ratio: Return per unit of downside risk	0.58	0.17	+0.42
Omega ratio: Gain probability vs. loss probability	1.07	1.02	+0.05
Calmar ratio: Return relative to maximum drawdown	0.46	-0.02	+0.48
Martin ratio: Return relative to average drawdown	1.06	-0.04	+1.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POWERGRID.NS vs. M&M.NS - Sharpe Ratio Comparison

The current POWERGRID.NS Sharpe Ratio is 0.28, which is higher than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of POWERGRID.NS and M&M.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

	POWERGRID.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	-0.02	+0.30
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	1.15	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.57	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.19	+0.35

Drawdowns

POWERGRID.NS vs. M&M.NS - Drawdown Comparison

The maximum POWERGRID.NS drawdown since its inception was -63.30%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for POWERGRID.NS and M&M.NS.

Drawdown Indicators

	POWERGRID.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-63.30%	-94.09%	+30.79%
Max Drawdown (1Y) Largest decline over 1 year	-12.54%	-22.91%	+10.37%
Max Drawdown (3Y) Largest decline over 3 years	-29.56%	-22.91%	-6.65%
Max Drawdown (5Y) Largest decline over 5 years	-29.56%	-28.09%	-1.47%
Max Drawdown (10Y) Largest decline over 10 years	-29.56%	-72.28%	+42.72%
Current Drawdown Current decline from peak	-14.35%	-20.68%	+6.33%
Average Drawdown Average peak-to-trough decline	-15.17%	-31.10%	+15.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.42%	9.68%	-4.26%

Volatility

POWERGRID.NS vs. M&M.NS - Volatility Comparison

The current volatility for Power Grid Corporation of India Limited (POWERGRID.NS) is 6.45%, while Mahindra & Mahindra Limited (M&M.NS) has a volatility of 6.92%. This indicates that POWERGRID.NS experiences smaller price fluctuations and is considered to be less risky than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POWERGRID.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.45%	6.92%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	15.66%	21.45%	-5.79%
Volatility (1Y) Calculated over the trailing 1-year period	20.32%	26.75%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.65%	27.81%	-2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.47%	30.40%	-4.93%

Dividends

POWERGRID.NS vs. M&M.NS - Dividend Comparison

POWERGRID.NS's dividend yield for the trailing twelve months is around 6.85%, more than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%
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 POWERGRID.NS and M&M.NS in my portfolio?

POWERGRID.NS and M&M.NS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.