TATASTEEL.NS vs. INCO

Last updated Jun 5, 2026

TATASTEEL.NS (Tata Steel Limited) is a stock, while INCO (Columbia India Consumer ETF) is Asia Pacific Equities fund tracking the Indxx India Consumer Index. Over the past 10 years, TATASTEEL.NS returned 23.79%/yr vs 12.28%/yr for INCO. At a 0.29 correlation, their price movements are largely independent.

Performance

TATASTEEL.NS vs. INCO - Performance Comparison

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

Different Trading Currencies

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

Returns By Period

In the year-to-date period, TATASTEEL.NS achieves a 17.03% return, which is significantly higher than INCO's -4.85% return. Over the past 10 years, TATASTEEL.NS has outperformed INCO with an annualized return of 23.79%, while INCO has yielded a comparatively lower 12.28% annualized return.

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%

INCO

• 1D: 1.81%
• 1M: -1.72%
• YTD: -4.85%
• 6M: -3.86%
• 1Y: 1.12%
• 3Y*: 12.53%
• 5Y*: 11.83%
• 10Y*: 12.28%

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

TATASTEEL.NS vs. INCO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%
INCO Columbia India Consumer ETF	-4.85%	5.40%	16.12%	35.56%	2.98%	21.66%	17.43%	-1.79%	-2.73%	43.76%

Correlation

The correlation between TATASTEEL.NS and INCO is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.26
Correlation (10Y) Calculated over the trailing 10-year period	0.32
Correlation (All Time) Calculated using the full available price history since Aug 11, 2011	0.29

Return for Risk

TATASTEEL.NS vs. INCO — Risk / Return Rank

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

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

INCO

INCO Risk / Return Rank: 4
INCO Sharpe Ratio Rank: 4
INCO Sortino Ratio Rank: 4
INCO Omega Ratio Rank: 4
INCO Calmar Ratio Rank: 5
INCO Martin Ratio Rank: 4

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.

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

This table presents a comparison of risk-adjusted performance metrics for Tata Steel Limited (TATASTEEL.NS) and Columbia India Consumer ETF (INCO). 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.

	TATASTEEL.NS	INCO	Difference
Sharpe ratio: Return per unit of total volatility	1.35	0.08	+1.28
Sortino ratio: Return per unit of downside risk	1.92	0.22	+1.70
Omega ratio: Gain probability vs. loss probability	1.25	1.03	+0.22
Calmar ratio: Return relative to maximum drawdown	2.47	0.07	+2.40
Martin ratio: Return relative to average drawdown	7.21	0.22	+6.99
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TATASTEEL.NS vs. INCO - Sharpe Ratio Comparison

The current TATASTEEL.NS Sharpe Ratio is 1.35, which is higher than the INCO Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of TATASTEEL.NS and INCO, 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

	TATASTEEL.NS	INCO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.35	0.08	+1.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.79	-0.24
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.69	0.69	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.79	-0.53

Drawdowns

TATASTEEL.NS vs. INCO - Drawdown Comparison

The maximum TATASTEEL.NS drawdown since its inception was -83.62%, which is greater than INCO's maximum drawdown of -39.09%. Use the drawdown chart below to compare losses from any high point for TATASTEEL.NS and INCO.

Drawdown Indicators

	TATASTEEL.NS	INCO	Difference
Max Drawdown Largest peak-to-trough decline	-83.62%	-39.09%	-44.53%
Max Drawdown (1Y) Largest decline over 1 year	-14.94%	-15.43%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-31.76%	-23.62%	-8.14%
Max Drawdown (5Y) Largest decline over 5 years	-41.80%	-23.62%	-18.18%
Max Drawdown (10Y) Largest decline over 10 years	-64.42%	-39.09%	-25.33%
Current Drawdown Current decline from peak	-4.57%	-12.85%	+8.28%
Average Drawdown Average peak-to-trough decline	-34.90%	-6.73%	-28.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.11%	4.99%	+0.12%

Volatility

TATASTEEL.NS vs. INCO - Volatility Comparison

Tata Steel Limited (TATASTEEL.NS) has a higher volatility of 6.88% compared to Columbia India Consumer ETF (INCO) at 5.03%. This indicates that TATASTEEL.NS's price experiences larger fluctuations and is considered to be riskier than INCO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TATASTEEL.NS	INCO	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.88%	5.03%	+1.85%
Volatility (6M) Calculated over the trailing 6-month period	21.90%	12.46%	+9.44%
Volatility (1Y) Calculated over the trailing 1-year period	27.27%	14.44%	+12.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.25%	14.99%	+16.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.06%	17.81%	+17.25%

Dividends

TATASTEEL.NS vs. INCO - Dividend Comparison

TATASTEEL.NS's dividend yield for the trailing twelve months is around 1.71%, while INCO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INCO Columbia India Consumer ETF	0.00%	0.00%	2.88%	3.81%	10.57%	6.25%	0.34%	0.28%	0.12%	0.05%	0.09%	0.00%
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%

Frequently Asked Questions

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

TATASTEEL.NS and INCO have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.