SOLARINDS.NS vs. EUAD

Last updated Jun 5, 2026

SOLARINDS.NS (Solar Industries India Limited) is a stock, while EUAD (Select STOXX Europe Aerospace & Defense ETF) is Aerospace & Defense fund tracking the STOXX Europe Total Market Aerospace & Defense Index. Over the past year, SOLARINDS.NS returned 7.52% vs 7.36% for EUAD. At a 0.02 correlation, their price movements are largely independent.

Performance

SOLARINDS.NS vs. EUAD - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Solar Industries India Limited (SOLARINDS.NS) and Select STOXX Europe Aerospace & Defense ETF (EUAD). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

SOLARINDS.NS is traded in INR, while EUAD is traded in USD. To make them comparable, the EUAD values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, SOLARINDS.NS achieves a 49.31% return, which is significantly higher than EUAD's 0.94% return.

SOLARINDS.NS

• 1D: -1.53%
• 1M: 16.22%
• YTD: 49.31%
• 6M: 42.70%
• 1Y: 7.52%
• 3Y*: 80.00%
• 5Y*: 70.58%
• 10Y*: 43.46%

EUAD

• 1D: -1.97%
• 1M: -6.80%
• YTD: 0.94%
• 6M: 4.60%
• 1Y: 7.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SOLARINDS.NS vs. EUAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
SOLARINDS.NS Solar Industries India Limited	49.31%	25.31%	-9.45%
EUAD Select STOXX Europe Aerospace & Defense ETF	0.94%	82.86%	-1.72%

Correlation

The correlation between SOLARINDS.NS and EUAD is 0.03, 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	0.03
Correlation (All Time) Calculated using the full available price history since Oct 23, 2024	0.02

Return for Risk

SOLARINDS.NS vs. EUAD — Risk / Return Rank

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

SOLARINDS.NS

SOLARINDS.NS Risk / Return Rank: 47
SOLARINDS.NS Sharpe Ratio Rank: 51
SOLARINDS.NS Sortino Ratio Rank: 46
SOLARINDS.NS Omega Ratio Rank: 44
SOLARINDS.NS Calmar Ratio Rank: 48
SOLARINDS.NS Martin Ratio Rank: 46

EUAD

EUAD Risk / Return Rank: 8
EUAD Sharpe Ratio Rank: 8
EUAD Sortino Ratio Rank: 8
EUAD Omega Ratio Rank: 8
EUAD Calmar Ratio Rank: 8
EUAD Martin Ratio Rank: 7

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.

SOLARINDS.NS vs. EUAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Solar Industries India Limited (SOLARINDS.NS) and Select STOXX Europe Aerospace & Defense ETF (EUAD). 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.

	SOLARINDS.NS	EUAD	Difference
Sharpe ratio: Return per unit of total volatility	0.29	0.26	+0.03
Sortino ratio: Return per unit of downside risk	0.66	0.57	+0.09
Omega ratio: Gain probability vs. loss probability	1.07	1.07	+0.01
Calmar ratio: Return relative to maximum drawdown	0.27	0.43	-0.16
Martin ratio: Return relative to average drawdown	0.45	0.99	-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.

SOLARINDS.NS vs. EUAD - Sharpe Ratio Comparison

The current SOLARINDS.NS Sharpe Ratio is 0.29, which is comparable to the EUAD Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of SOLARINDS.NS and EUAD, 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

	SOLARINDS.NS	EUAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.29	0.26	+0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.93	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.01	1.52	-0.51

Drawdowns

SOLARINDS.NS vs. EUAD - Drawdown Comparison

The maximum SOLARINDS.NS drawdown since its inception was -65.15%, which is greater than EUAD's maximum drawdown of -18.39%. Use the drawdown chart below to compare losses from any high point for SOLARINDS.NS and EUAD.

Drawdown Indicators

	SOLARINDS.NS	EUAD	Difference
Max Drawdown Largest peak-to-trough decline	-65.15%	-18.39%	-46.76%
Max Drawdown (1Y) Largest decline over 1 year	-33.07%	-17.28%	-15.79%
Max Drawdown (3Y) Largest decline over 3 years	-33.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.07%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.27%	—	—
Current Drawdown Current decline from peak	-1.93%	-12.50%	+10.57%
Average Drawdown Average peak-to-trough decline	-15.25%	-4.87%	-10.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.96%	7.49%	+12.47%

Volatility

SOLARINDS.NS vs. EUAD - Volatility Comparison

Solar Industries India Limited (SOLARINDS.NS) and Select STOXX Europe Aerospace & Defense ETF (EUAD) have volatilities of 9.64% and 9.96%, 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

	SOLARINDS.NS	EUAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.64%	9.96%	-0.32%
Volatility (6M) Calculated over the trailing 6-month period	25.13%	23.17%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	30.87%	28.65%	+2.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.34%	29.56%	+7.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.15%	29.56%	+2.59%

Dividends

SOLARINDS.NS vs. EUAD - Dividend Comparison

SOLARINDS.NS's dividend yield for the trailing twelve months is around 0.05%, less than EUAD's 0.42% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EUAD Select STOXX Europe Aerospace & Defense ETF	0.42%	0.40%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SOLARINDS.NS Solar Industries India Limited	0.05%	0.08%	0.09%	10.44%	0.17%	0.25%	0.55%	0.66%	0.55%	0.68%	0.40%	0.51%

Frequently Asked Questions

Can I hold both SOLARINDS.NS and EUAD in my portfolio?

SOLARINDS.NS and EUAD have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.