TATAPOWER.NS vs. TATASTEEL.NS

Last updated Jun 5, 2026

TATAPOWER.NS (Tata Power Company Limited) and TATASTEEL.NS (Tata Steel Limited) are both stocks. TATAPOWER.NS operates in Utilities - Independent Power Producers (Utilities), while TATASTEEL.NS operates in Steel (Basic Materials). Over the past 10 years, TATAPOWER.NS returned 20.37%/yr vs 23.79%/yr for TATASTEEL.NS. At a 0.45 correlation, their price movements are largely independent.

Performance

TATAPOWER.NS vs. TATASTEEL.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Tata Power Company Limited (TATAPOWER.NS) and Tata Steel Limited (TATASTEEL.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TATAPOWER.NS achieves a 8.22% return, which is significantly lower than TATASTEEL.NS's 17.03% return. Over the past 10 years, TATAPOWER.NS has underperformed TATASTEEL.NS with an annualized return of 20.37%, while TATASTEEL.NS has yielded a comparatively higher 23.79% annualized return.

TATAPOWER.NS

• 1D: -0.23%
• 1M: -7.20%
• YTD: 8.22%
• 6M: 6.85%
• 1Y: 4.97%
• 3Y*: 24.13%
• 5Y*: 31.65%
• 10Y*: 20.37%

TATASTEEL.NS

• 1D: -0.49%
• 1M: -0.43%
• YTD: 17.03%
• 6M: 26.17%
• 1Y: 36.03%
• 3Y*: 27.47%
• 5Y*: 16.91%
• 10Y*: 23.79%

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

TATAPOWER.NS vs. TATASTEEL.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TATAPOWER.NS Tata Power Company Limited	8.22%	-2.69%	18.69%	61.41%	-5.24%	195.71%	38.21%	-25.01%	-16.35%	25.28%
TATASTEEL.NS Tata Steel Limited	17.03%	33.33%	1.13%	27.47%	6.92%	76.99%	40.02%	-7.28%	-23.86%	90.31%

Correlation

The correlation between TATAPOWER.NS and TATASTEEL.NS is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.45

The correlation between TATAPOWER.NS and TATASTEEL.NS has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.

Return for Risk

TATAPOWER.NS vs. TATASTEEL.NS — Risk / Return Rank

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

TATAPOWER.NS

TATAPOWER.NS Risk / Return Rank: 46
TATAPOWER.NS Sharpe Ratio Rank: 50
TATAPOWER.NS Sortino Ratio Rank: 42
TATAPOWER.NS Omega Ratio Rank: 40
TATAPOWER.NS Calmar Ratio Rank: 49
TATAPOWER.NS Martin Ratio Rank: 50

TATASTEEL.NS

TATASTEEL.NS Risk / Return Rank: 77
TATASTEEL.NS Sharpe Ratio Rank: 79
TATASTEEL.NS Sortino Ratio Rank: 74
TATASTEEL.NS Omega Ratio Rank: 73
TATASTEEL.NS Calmar Ratio Rank: 79
TATASTEEL.NS Martin Ratio Rank: 82

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.

TATAPOWER.NS vs. TATASTEEL.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tata Power Company Limited (TATAPOWER.NS) and Tata Steel Limited (TATASTEEL.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.

	TATAPOWER.NS	TATASTEEL.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.24	1.35	-1.12
Sortino ratio: Return per unit of downside risk	0.49	1.92	-1.43
Omega ratio: Gain probability vs. loss probability	1.06	1.25	-0.19
Calmar ratio: Return relative to maximum drawdown	0.30	2.47	-2.17
Martin ratio: Return relative to average drawdown	0.67	7.21	-6.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TATAPOWER.NS vs. TATASTEEL.NS - Sharpe Ratio Comparison

The current TATAPOWER.NS Sharpe Ratio is 0.24, which is lower than the TATASTEEL.NS Sharpe Ratio of 1.35. The chart below compares the historical Sharpe Ratios of TATAPOWER.NS and TATASTEEL.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

	TATAPOWER.NS	TATASTEEL.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.24	1.35	-1.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	0.55	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.60	0.69	-0.09
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.26	+0.12

Drawdowns

TATAPOWER.NS vs. TATASTEEL.NS - Drawdown Comparison

The maximum TATAPOWER.NS drawdown since its inception was -79.50%, roughly equal to the maximum TATASTEEL.NS drawdown of -83.62%. Use the drawdown chart below to compare losses from any high point for TATAPOWER.NS and TATASTEEL.NS.

Drawdown Indicators

	TATAPOWER.NS	TATASTEEL.NS	Difference
Max Drawdown Largest peak-to-trough decline	-79.50%	-83.62%	+4.12%
Max Drawdown (1Y) Largest decline over 1 year	-16.75%	-14.94%	-1.81%
Max Drawdown (3Y) Largest decline over 3 years	-30.56%	-31.76%	+1.20%
Max Drawdown (5Y) Largest decline over 5 years	-36.02%	-41.80%	+5.78%
Max Drawdown (10Y) Largest decline over 10 years	-71.89%	-64.42%	-7.47%
Current Drawdown Current decline from peak	-14.89%	-4.57%	-10.32%
Average Drawdown Average peak-to-trough decline	-31.63%	-34.90%	+3.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.41%	5.11%	+2.30%

Volatility

TATAPOWER.NS vs. TATASTEEL.NS - Volatility Comparison

The current volatility for Tata Power Company Limited (TATAPOWER.NS) is 6.52%, while Tata Steel Limited (TATASTEEL.NS) has a volatility of 6.88%. This indicates that TATAPOWER.NS experiences smaller price fluctuations and is considered to be less risky than TATASTEEL.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TATAPOWER.NS	TATASTEEL.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.52%	6.88%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	17.31%	21.90%	-4.59%
Volatility (1Y) Calculated over the trailing 1-year period	21.03%	27.27%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.04%	31.25%	+1.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.42%	35.06%	-0.64%

Dividends

TATAPOWER.NS vs. TATASTEEL.NS - Dividend Comparison

TATAPOWER.NS's dividend yield for the trailing twelve months is around 0.55%, less than TATASTEEL.NS's 1.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TATAPOWER.NS Tata Power Company Limited	0.55%	0.59%	0.51%	0.60%	0.84%	0.70%	2.05%	2.30%	1.69%	1.39%	1.71%	1.91%
TATASTEEL.NS Tata Steel Limited	1.71%	2.00%	2.61%	2.58%	4.52%	2.25%	1.56%	2.76%	1.92%	1.37%	2.05%	3.09%

Financials

Frequently Asked Questions

Can I hold both TATAPOWER.NS and TATASTEEL.NS in my portfolio?

TATAPOWER.NS and TATASTEEL.NS have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.