RELIANCE.NS vs. TCS.NS

Last updated Jun 5, 2026

RELIANCE.NS (Reliance Industries Ltd) and TCS.NS (Tata Consultancy Services Limited) are both stocks. RELIANCE.NS operates in Oil & Gas Refining & Marketing (Energy), while TCS.NS operates in Information Technology Services (Technology). Over the past 10 years, RELIANCE.NS returned 20.29%/yr vs 7.75%/yr for TCS.NS. At a 0.30 correlation, their price movements are largely independent.

Performance

RELIANCE.NS vs. TCS.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Reliance Industries Ltd (RELIANCE.NS) and Tata Consultancy Services Limited (TCS.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RELIANCE.NS achieves a -16.98% return, which is significantly higher than TCS.NS's -27.87% return. Over the past 10 years, RELIANCE.NS has outperformed TCS.NS with an annualized return of 20.29%, while TCS.NS has yielded a comparatively lower 7.75% annualized return.

RELIANCE.NS

• 1D: -0.72%
• 1M: -10.93%
• YTD: -16.98%
• 6M: -15.10%
• 1Y: -7.89%
• 3Y*: 5.40%
• 5Y*: 5.98%
• 10Y*: 20.29%

TCS.NS

• 1D: -0.03%
• 1M: -6.42%
• YTD: -27.87%
• 6M: -28.38%
• 1Y: -31.11%
• 3Y*: -9.11%
• 5Y*: -3.94%
• 10Y*: 7.75%

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

RELIANCE.NS vs. TCS.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RELIANCE.NS Reliance Industries Ltd	-16.98%	29.62%	-5.64%	12.28%	7.89%	19.94%	32.52%	35.54%	23.13%	71.65%
TCS.NS Tata Consultancy Services Limited	-27.87%	-18.98%	10.01%	20.64%	-11.68%	32.01%	34.97%	18.23%	41.33%	14.19%

Correlation

The correlation between RELIANCE.NS and TCS.NS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since Aug 26, 2004	0.30

Return for Risk

RELIANCE.NS vs. TCS.NS — Risk / Return Rank

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

RELIANCE.NS

RELIANCE.NS Risk / Return Rank: 24
RELIANCE.NS Sharpe Ratio Rank: 24
RELIANCE.NS Sortino Ratio Rank: 21
RELIANCE.NS Omega Ratio Rank: 21
RELIANCE.NS Calmar Ratio Rank: 27
RELIANCE.NS Martin Ratio Rank: 25

TCS.NS

TCS.NS Risk / Return Rank: 4
TCS.NS Sharpe Ratio Rank: 1
TCS.NS Sortino Ratio Rank: 4
TCS.NS Omega Ratio Rank: 4
TCS.NS Calmar Ratio Rank: 6
TCS.NS Martin Ratio Rank: 2

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.

RELIANCE.NS vs. TCS.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Reliance Industries Ltd (RELIANCE.NS) and Tata Consultancy Services Limited (TCS.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.

	RELIANCE.NS	TCS.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.40	-1.29	+0.89
Sortino ratio: Return per unit of downside risk	-0.44	-1.76	+1.33
Omega ratio: Gain probability vs. loss probability	0.95	0.77	+0.18
Calmar ratio: Return relative to maximum drawdown	-0.44	-0.90	+0.47
Martin ratio: Return relative to average drawdown	-0.82	-1.75	+0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RELIANCE.NS vs. TCS.NS - Sharpe Ratio Comparison

The current RELIANCE.NS Sharpe Ratio is -0.40, which is higher than the TCS.NS Sharpe Ratio of -1.29. The chart below compares the historical Sharpe Ratios of RELIANCE.NS and TCS.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

	RELIANCE.NS	TCS.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.40	-1.29	+0.89
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	-0.18	+0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.33	+0.43
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.41	0.00

Drawdowns

RELIANCE.NS vs. TCS.NS - Drawdown Comparison

The maximum RELIANCE.NS drawdown since its inception was -72.43%, which is greater than TCS.NS's maximum drawdown of -66.36%. Use the drawdown chart below to compare losses from any high point for RELIANCE.NS and TCS.NS.

Drawdown Indicators

	RELIANCE.NS	TCS.NS	Difference
Max Drawdown Largest peak-to-trough decline	-72.43%	-66.36%	-6.07%
Max Drawdown (1Y) Largest decline over 1 year	-18.12%	-34.48%	+16.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.26%	-47.91%	+20.65%
Max Drawdown (5Y) Largest decline over 5 years	-27.26%	-47.91%	+20.65%
Max Drawdown (10Y) Largest decline over 10 years	-44.76%	-47.91%	+3.15%
Current Drawdown Current decline from peak	-18.12%	-47.32%	+29.20%
Average Drawdown Average peak-to-trough decline	-24.44%	-13.55%	-10.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.60%	17.80%	-8.20%

Volatility

RELIANCE.NS vs. TCS.NS - Volatility Comparison

The current volatility for Reliance Industries Ltd (RELIANCE.NS) is 5.60%, while Tata Consultancy Services Limited (TCS.NS) has a volatility of 12.42%. This indicates that RELIANCE.NS experiences smaller price fluctuations and is considered to be less risky than TCS.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RELIANCE.NS	TCS.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	12.42%	-6.82%
Volatility (6M) Calculated over the trailing 6-month period	16.21%	21.01%	-4.80%
Volatility (1Y) Calculated over the trailing 1-year period	19.85%	24.20%	-4.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.13%	21.66%	+0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.06%	23.92%	+3.14%

Dividends

RELIANCE.NS vs. TCS.NS - Dividend Comparison

RELIANCE.NS's dividend yield for the trailing twelve months is around 0.42%, less than TCS.NS's 4.91% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RELIANCE.NS Reliance Industries Ltd	0.42%	0.35%	0.41%	0.35%	0.35%	0.33%	0.36%	0.47%	0.59%	0.66%	1.07%	1.09%
TCS.NS Tata Consultancy Services Limited	4.91%	3.99%	1.83%	3.08%	1.38%	0.94%	1.40%	3.33%	1.19%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both RELIANCE.NS and TCS.NS in my portfolio?

RELIANCE.NS and TCS.NS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.