POWERINDIA.NS vs. SPOT
POWERINDIA.NS (Hitachi Energy India Limited) and SPOT (Spotify Technology S.A.) are both stocks. POWERINDIA.NS operates in Electronic Components (Technology), while SPOT operates in Internet Content & Information (Communication Services). Over the past 5 years, POWERINDIA.NS returned 79.15%/yr vs 20.74%/yr for SPOT. At a correlation of -0.00, they often move in opposite directions.
Performance
POWERINDIA.NS vs. SPOT - Performance Comparison
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Different Trading Currencies
POWERINDIA.NS is traded in INR, while SPOT is traded in USD. To make them comparable, the SPOT values have been converted to INR using the latest available exchange rates.
Returns By Period
In the year-to-date period, POWERINDIA.NS achieves a 87.47% return, which is significantly higher than SPOT's -12.13% return.
POWERINDIA.NS
- 1D
- 3.23%
- 1M
- 8.13%
- YTD
- 87.47%
- 6M
- 75.71%
- 1Y
- 101.57%
- 3Y*
- 102.97%
- 5Y*
- 79.15%
- 10Y*
- —
SPOT
- 1D
- -1.50%
- 1M
- 11.25%
- YTD
- -12.13%
- 6M
- -15.31%
- 1Y
- -23.75%
- 3Y*
- 54.35%
- 5Y*
- 20.74%
- 10Y*
- —
POWERINDIA.NS vs. SPOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
POWERINDIA.NS Hitachi Energy India Limited | 87.47% | 27.08% | 173.87% | 57.39% | 32.59% | 95.70% | 90.10% |
SPOT Spotify Technology S.A. | -12.13% | 36.01% | 145.30% | 139.66% | -62.64% | -24.14% | 145.77% |
Correlation
The correlation between POWERINDIA.NS and SPOT is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020 | -0.00 |
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Return for Risk
POWERINDIA.NS vs. SPOT — Risk / Return Rank
POWERINDIA.NS
SPOT
POWERINDIA.NS vs. SPOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Hitachi Energy India Limited (POWERINDIA.NS) and Spotify Technology S.A. (SPOT). 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.
| POWERINDIA.NS | SPOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.92 | ||
| Sortino ratioReturn per unit of downside risk | +3.60 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 0.93 | +0.44 |
| Calmar ratioReturn relative to maximum drawdown | 3.65 | -0.54 | +4.20 |
| Martin ratioReturn relative to average drawdown | 9.65 | -1.02 | +10.67 |
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Drawdowns
POWERINDIA.NS vs. SPOT - Drawdown Comparison
The maximum POWERINDIA.NS drawdown since its inception was -40.31%, smaller than the maximum SPOT drawdown of -78.06%. Use the drawdown chart below to compare losses from any high point for POWERINDIA.NS and SPOT.
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Drawdown Indicators
| POWERINDIA.NS | SPOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.31% | -78.06% | +37.75% |
Max Drawdown (1Y)Largest decline over 1 year | -28.75% | -43.91% | +15.16% |
Max Drawdown (3Y)Largest decline over 3 years | -40.31% | -43.91% | +3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -74.24% | +33.93% |
Current DrawdownCurrent decline from peak | -10.72% | -31.01% | +20.29% |
Average DrawdownAverage peak-to-trough decline | -8.74% | -28.04% | +19.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.89% | 23.22% | -12.33% |
Volatility
POWERINDIA.NS vs. SPOT - Volatility Comparison
The current volatility for Hitachi Energy India Limited (POWERINDIA.NS) is 14.23%, while Spotify Technology S.A. (SPOT) has a volatility of 15.93%. This indicates that POWERINDIA.NS experiences smaller price fluctuations and is considered to be less risky than SPOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| POWERINDIA.NS | SPOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 15.93% | -1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 31.40% | 37.09% | -5.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 45.04% | -1.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.65% | 47.05% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.12% | 46.81% | -2.69% |
Dividends
POWERINDIA.NS vs. SPOT - Dividend Comparison
POWERINDIA.NS's dividend yield for the trailing twelve months is around 0.02%, while SPOT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
POWERINDIA.NS Hitachi Energy India Limited | 0.02% | 0.03% | 0.03% | 0.06% | 0.09% | 0.08% |
SPOT Spotify Technology S.A. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
POWERINDIA.NS vs. SPOT - Financials Comparison
This section allows you to compare key financial metrics between Hitachi Energy India Limited and Spotify Technology S.A.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
Frequently Asked Questions
POWERINDIA.NS and SPOT have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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