SIEMENS.NS vs. BEL.NS
SIEMENS.NS (Siemens Limited) and BEL.NS (Bharat Electronics Limited) are both stocks. Both are in the Industrials sector — SIEMENS.NS in Specialty Industrial Machinery, BEL.NS in Aerospace & Defense. Over the past 10 years, SIEMENS.NS returned 19.97%/yr vs 42.42%/yr for BEL.NS. At a 0.36 correlation, their price movements are largely independent.
Performance
SIEMENS.NS vs. BEL.NS - Performance Comparison
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Returns By Period
In the year-to-date period, SIEMENS.NS achieves a 16.53% return, which is significantly higher than BEL.NS's 2.16% return. Over the past 10 years, SIEMENS.NS has underperformed BEL.NS with an annualized return of 19.97%, while BEL.NS has yielded a comparatively higher 42.42% annualized return.
SIEMENS.NS
- 1D
- 1.35%
- 1M
- 1.06%
- YTD
- 16.53%
- 6M
- 13.52%
- 1Y
- 9.25%
- 3Y*
- 22.90%
- 5Y*
- 27.31%
- 10Y*
- 19.97%
BEL.NS
- 1D
- 1.04%
- 1M
- -5.08%
- YTD
- 2.16%
- 6M
- 4.82%
- 1Y
- 5.62%
- 3Y*
- 50.66%
- 5Y*
- 54.90%
- 10Y*
- 42.42%
SIEMENS.NS vs. BEL.NS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SIEMENS.NS Siemens Limited | 16.53% | -9.39% | 63.13% | 43.33% | 20.47% | 51.09% | 6.28% | 44.86% | -14.56% | 12.39% |
BEL.NS Bharat Electronics Limited | 2.16% | 37.39% | 60.76% | 87.62% | 51.76% | 90.05% | 31.14% | 33.04% | -49.68% | 77.96% |
Correlation
The correlation between SIEMENS.NS and BEL.NS is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2006 | 0.36 |
The correlation between SIEMENS.NS and BEL.NS shifts across timeframes, from 0.26 (1 year) to 0.43 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SIEMENS.NS vs. BEL.NS — Risk / Return Rank
SIEMENS.NS
BEL.NS
SIEMENS.NS vs. BEL.NS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Siemens Limited (SIEMENS.NS) and Bharat Electronics Limited (BEL.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.
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.
| SIEMENS.NS | BEL.NS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.06 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.62 | 0.37 | +0.25 |
| Martin ratioReturn relative to average drawdown | 1.40 | 0.76 | +0.64 |
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Drawdowns
SIEMENS.NS vs. BEL.NS - Drawdown Comparison
The maximum SIEMENS.NS drawdown since its inception was -76.36%, which is greater than BEL.NS's maximum drawdown of -65.63%. Use the drawdown chart below to compare losses from any high point for SIEMENS.NS and BEL.NS.
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Drawdown Indicators
| SIEMENS.NS | BEL.NS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.36% | -65.63% | -10.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.28% | -15.63% | +0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -41.88% | -26.90% | -14.98% |
Max Drawdown (5Y)Largest decline over 5 years | -41.88% | -26.90% | -14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -41.88% | -60.39% | +18.51% |
Current DrawdownCurrent decline from peak | -13.59% | -13.22% | -0.37% |
Average DrawdownAverage peak-to-trough decline | -18.16% | -13.46% | -4.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.14% | 7.49% | -0.35% |
Volatility
SIEMENS.NS vs. BEL.NS - Volatility Comparison
Siemens Limited (SIEMENS.NS) has a higher volatility of 11.27% compared to Bharat Electronics Limited (BEL.NS) at 4.98%. This indicates that SIEMENS.NS's price experiences larger fluctuations and is considered to be riskier than BEL.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SIEMENS.NS | BEL.NS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.27% | 4.98% | +6.29% |
Volatility (6M)Calculated over the trailing 6-month period | 25.79% | 20.55% | +5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.79% | 26.24% | +4.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.15% | 32.04% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.86% | 41.06% | -11.20% |
Dividends
SIEMENS.NS vs. BEL.NS - Dividend Comparison
SIEMENS.NS has not paid dividends to shareholders, while BEL.NS's dividend yield for the trailing twelve months is around 0.70%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEL.NS Bharat Electronics Limited | 0.70% | 0.60% | 0.75% | 0.98% | 4.50% | 5.72% | 7.00% | 14.39% | 6.82% | 7.41% | 40.80% | 70.28% |
SIEMENS.NS Siemens Limited | 0.00% | 0.39% | 0.29% | 0.48% | 0.55% | 0.57% | 0.86% | 0.90% | 1.29% | 0.93% | 5.45% | 0.96% |
Financials
SIEMENS.NS vs. BEL.NS - Financials Comparison
This section allows you to compare key financial metrics between Siemens Limited and Bharat Electronics Limited. 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
SIEMENS.NS and BEL.NS have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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