POWERGRID.NS vs. NTPC.NS

Last updated Jun 5, 2026

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

Performance

POWERGRID.NS vs. NTPC.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 NTPC Limited (NTPC.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 lower than NTPC.NS's 12.02% return. Over the past 10 years, POWERGRID.NS has outperformed NTPC.NS with an annualized return of 22.36%, while NTPC.NS has yielded a comparatively lower 15.73% annualized return.

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%

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%

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

POWERGRID.NS vs. NTPC.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%
NTPC.NS NTPC Limited	12.02%	1.49%	9.71%	96.38%	40.35%	32.70%	-13.43%	0.42%	-13.14%	10.51%

Correlation

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

Return for Risk

POWERGRID.NS vs. NTPC.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

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

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. NTPC.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 NTPC Limited (NTPC.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	NTPC.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.28	0.77	-0.49
Sortino ratio: Return per unit of downside risk	0.58	1.24	-0.66
Omega ratio: Gain probability vs. loss probability	1.07	1.15	-0.08
Calmar ratio: Return relative to maximum drawdown	0.46	1.33	-0.87
Martin ratio: Return relative to average drawdown	1.06	3.94	-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.

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

The current POWERGRID.NS Sharpe Ratio is 0.28, which is lower than the NTPC.NS Sharpe Ratio of 0.77. The chart below compares the historical Sharpe Ratios of POWERGRID.NS and NTPC.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	NTPC.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.28	0.77	-0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	1.26	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.90	0.62	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.42	+0.13

Drawdowns

POWERGRID.NS vs. NTPC.NS - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

POWERGRID.NS vs. NTPC.NS - Volatility Comparison

Power Grid Corporation of India Limited (POWERGRID.NS) and NTPC Limited (NTPC.NS) have volatilities of 6.45% and 6.39%, 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

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

Dividends

POWERGRID.NS vs. NTPC.NS - Dividend Comparison

POWERGRID.NS's dividend yield for the trailing twelve months is around 6.85%, more than NTPC.NS's 2.42% 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 POWERGRID.NS and NTPC.NS in my portfolio?

POWERGRID.NS and NTPC.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.