RDY vs. SH
RDY (Dr. Reddy's Laboratories Limited) is a stock, while SH (ProShares Short S&P500) is Inverse Equities fund tracking the S&P 500 (-100%). Over the past 10 years, RDY returned 4.69%/yr vs -12.83%/yr for SH. At a correlation of -0.37, they often move in opposite directions.
Performance
RDY vs. SH - Performance Comparison
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Returns By Period
In the year-to-date period, RDY achieves a -5.27% return, which is significantly higher than SH's -6.39% return. Over the past 10 years, RDY has outperformed SH with an annualized return of 4.69%, while SH has yielded a comparatively lower -12.83% annualized return.
RDY
- 1D
- -0.45%
- 1M
- -1.41%
- YTD
- -5.27%
- 6M
- -5.14%
- 1Y
- -15.30%
- 3Y*
- 5.74%
- 5Y*
- -1.12%
- 10Y*
- 4.69%
SH
- 1D
- -0.50%
- 1M
- 1.30%
- YTD
- -6.39%
- 6M
- -6.43%
- 1Y
- -15.90%
- 3Y*
- -11.96%
- 5Y*
- -8.68%
- 10Y*
- -12.83%
RDY vs. SH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RDY Dr. Reddy's Laboratories Limited | -5.27% | -10.53% | 14.13% | 36.47% | -19.74% | -7.33% | 76.80% | 8.45% | 0.37% | -16.46% |
SH ProShares Short S&P500 | -6.39% | -11.35% | -13.52% | -14.80% | 18.98% | -24.21% | -25.09% | -22.12% | 4.93% | -17.36% |
Correlation
The correlation between RDY and SH is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 21, 2006 | -0.37 |
The correlation between RDY and SH shifts across timeframes, from -0.37 (all time) to -0.20 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RDY vs. SH — Risk / Return Rank
RDY
SH
RDY vs. SH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dr. Reddy's Laboratories Limited (RDY) and ProShares Short S&P500 (SH). 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.
| RDY | SH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 0.81 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | -0.82 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.52 | -1.47 | -0.04 |
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Drawdowns
RDY vs. SH - Drawdown Comparison
The maximum RDY drawdown since its inception was -60.62%, smaller than the maximum SH drawdown of -94.66%. Use the drawdown chart below to compare losses from any high point for RDY and SH.
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Drawdown Indicators
| RDY | SH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.62% | -94.66% | +34.04% |
Max Drawdown (1Y)Largest decline over 1 year | -20.65% | -18.16% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -26.61% | -38.82% | +12.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.25% | -44.53% | +9.28% |
Max Drawdown (10Y)Largest decline over 10 years | -47.13% | -76.12% | +28.99% |
Current DrawdownCurrent decline from peak | -20.54% | -94.53% | +73.99% |
Average DrawdownAverage peak-to-trough decline | -21.92% | -67.75% | +45.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.31% | 10.13% | +3.18% |
Volatility
RDY vs. SH - Volatility Comparison
Dr. Reddy's Laboratories Limited (RDY) has a higher volatility of 6.24% compared to ProShares Short S&P500 (SH) at 4.33%. This indicates that RDY's price experiences larger fluctuations and is considered to be riskier than SH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RDY | SH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 4.33% | +1.91% |
Volatility (6M)Calculated over the trailing 6-month period | 17.41% | 9.59% | +7.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.20% | 12.28% | +10.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.26% | 16.91% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.58% | 18.04% | +8.54% |
Dividends
RDY vs. SH - Dividend Comparison
RDY's dividend yield for the trailing twelve months is around 0.69%, less than SH's 4.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RDY Dr. Reddy's Laboratories Limited | 0.69% | 0.65% | 0.60% | 1.39% | 1.48% | 1.04% | 0.46% | 0.71% | 0.00% | 0.78% | 0.62% | 0.63% |
SH ProShares Short S&P500 | 4.43% | 4.49% | 6.20% | 5.37% | 1.08% | 0.00% | 0.16% | 1.76% | 1.01% | 0.06% | 0.00% | 0.00% |
Frequently Asked Questions
RDY and SH have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDY has higher volatility (6.24%) compared to SH (4.33%). In terms of maximum drawdown, RDY dropped -60.62% vs SH's -94.66%.
RDY currently has the higher Sharpe Ratio (-0.75 vs -1.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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