RVNL.NS vs. MAZDOCK.NS

Last updated Jun 5, 2026

RVNL.NS (Rail Vikas Nigam Limited) and MAZDOCK.NS (Mazagon Dock Shipbuilders Limited) are both stocks. Both are in the Industrials sector — RVNL.NS in Engineering & Construction, MAZDOCK.NS in Aerospace & Defense. Over the past 5 years, RVNL.NS returned 53.62%/yr vs 87.23%/yr for MAZDOCK.NS. At a 0.41 correlation, their price movements are largely independent.

Performance

RVNL.NS vs. MAZDOCK.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Rail Vikas Nigam Limited (RVNL.NS) and Mazagon Dock Shipbuilders Limited (MAZDOCK.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RVNL.NS achieves a -33.60% return, which is significantly lower than MAZDOCK.NS's -1.50% return.

RVNL.NS

• 1D: -1.07%
• 1M: -22.47%
• YTD: -33.60%
• 6M: -23.69%
• 1Y: -44.37%
• 3Y*: 27.06%
• 5Y*: 53.62%
• 10Y*: —

MAZDOCK.NS

• 1D: 0.14%
• 1M: -7.98%
• YTD: -1.50%
• 6M: -6.25%
• 1Y: -27.73%
• 3Y*: 72.07%
• 5Y*: 87.23%
• 10Y*: —

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

RVNL.NS vs. MAZDOCK.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
RVNL.NS Rail Vikas Nigam Limited	-33.60%	-15.04%	133.73%	173.01%	106.86%	52.46%	33.49%
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	-1.50%	12.25%	97.05%	190.74%	196.00%	31.81%	27.04%

Correlation

The correlation between RVNL.NS and MAZDOCK.NS is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.41

The correlation between RVNL.NS and MAZDOCK.NS shifts across timeframes, from 0.41 (all time) to 0.53 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

RVNL.NS vs. MAZDOCK.NS — Risk / Return Rank

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

RVNL.NS

RVNL.NS Risk / Return Rank: 2
RVNL.NS Sharpe Ratio Rank: 1
RVNL.NS Sortino Ratio Rank: 1
RVNL.NS Omega Ratio Rank: 3
RVNL.NS Calmar Ratio Rank: 1
RVNL.NS Martin Ratio Rank: 2

MAZDOCK.NS

MAZDOCK.NS Risk / Return Rank: 12
MAZDOCK.NS Sharpe Ratio Rank: 9
MAZDOCK.NS Sortino Ratio Rank: 9
MAZDOCK.NS Omega Ratio Rank: 11
MAZDOCK.NS Calmar Ratio Rank: 15
MAZDOCK.NS Martin Ratio Rank: 15

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.

RVNL.NS vs. MAZDOCK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rail Vikas Nigam Limited (RVNL.NS) and Mazagon Dock Shipbuilders Limited (MAZDOCK.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.

	RVNL.NS	MAZDOCK.NS	Difference
Sharpe ratio: Return per unit of total volatility	-1.33	-0.82	-0.51
Sortino ratio: Return per unit of downside risk	-2.23	-1.16	-1.07
Omega ratio: Gain probability vs. loss probability	0.75	0.87	-0.12
Calmar ratio: Return relative to maximum drawdown	-0.99	-0.71	-0.29
Martin ratio: Return relative to average drawdown	-1.74	-1.20	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RVNL.NS vs. MAZDOCK.NS - Sharpe Ratio Comparison

The current RVNL.NS Sharpe Ratio is -1.33, which is lower than the MAZDOCK.NS Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of RVNL.NS and MAZDOCK.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

	RVNL.NS	MAZDOCK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.33	-0.82	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.08	1.73	-0.64
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	1.70	-0.78

Drawdowns

RVNL.NS vs. MAZDOCK.NS - Drawdown Comparison

The maximum RVNL.NS drawdown since its inception was -62.00%, which is greater than MAZDOCK.NS's maximum drawdown of -44.60%. Use the drawdown chart below to compare losses from any high point for RVNL.NS and MAZDOCK.NS.

Drawdown Indicators

	RVNL.NS	MAZDOCK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-62.00%	-44.60%	-17.40%
Max Drawdown (1Y) Largest decline over 1 year	-44.77%	-38.97%	-5.80%
Max Drawdown (3Y) Largest decline over 3 years	-62.00%	-44.60%	-17.40%
Max Drawdown (5Y) Largest decline over 5 years	-62.00%	-44.60%	-17.40%
Current Drawdown Current decline from peak	-62.00%	-34.41%	-27.59%
Average Drawdown Average peak-to-trough decline	-22.41%	-14.10%	-8.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.63%	23.34%	+2.29%

Volatility

RVNL.NS vs. MAZDOCK.NS - Volatility Comparison

Rail Vikas Nigam Limited (RVNL.NS) and Mazagon Dock Shipbuilders Limited (MAZDOCK.NS) have volatilities of 7.63% and 7.61%, 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

	RVNL.NS	MAZDOCK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.63%	7.61%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	28.79%	28.07%	+0.72%
Volatility (1Y) Calculated over the trailing 1-year period	34.08%	34.09%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	50.58%	51.66%	-1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.19%	50.64%	+0.55%

Dividends

RVNL.NS vs. MAZDOCK.NS - Dividend Comparison

RVNL.NS's dividend yield for the trailing twelve months is around 1.15%, more than MAZDOCK.NS's 0.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MAZDOCK.NS Mazagon Dock Shipbuilders Limited	0.66%	0.47%	0.79%	0.97%	2.25%	2.60%	0.00%	0.00%
RVNL.NS Rail Vikas Nigam Limited	1.15%	0.48%	0.50%	1.17%	2.68%	4.55%	4.75%	0.40%

Financials

Frequently Asked Questions

Can I hold both RVNL.NS and MAZDOCK.NS in my portfolio?

RVNL.NS and MAZDOCK.NS have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.