Correlation
The correlation between TORNTPOWER.NS and FXAIX is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
TORNTPOWER.NS vs. FXAIX
Compare and contrast key facts about Torrent Power Limited (TORNTPOWER.NS) and Fidelity 500 Index Fund (FXAIX).
FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TORNTPOWER.NS or FXAIX.
Performance
TORNTPOWER.NS vs. FXAIX - Performance Comparison
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Key characteristics
TORNTPOWER.NS:
-0.07
FXAIX:
0.75
TORNTPOWER.NS:
0.32
FXAIX:
1.07
TORNTPOWER.NS:
1.04
FXAIX:
1.15
TORNTPOWER.NS:
-0.02
FXAIX:
0.72
TORNTPOWER.NS:
-0.03
FXAIX:
2.73
TORNTPOWER.NS:
19.55%
FXAIX:
4.85%
TORNTPOWER.NS:
44.90%
FXAIX:
19.78%
TORNTPOWER.NS:
-80.21%
FXAIX:
-33.79%
TORNTPOWER.NS:
-29.61%
FXAIX:
-3.14%
Returns By Period
In the year-to-date period, TORNTPOWER.NS achieves a -6.51% return, which is significantly lower than FXAIX's 1.34% return. Over the past 10 years, TORNTPOWER.NS has outperformed FXAIX with an annualized return of 26.77%, while FXAIX has yielded a comparatively lower 12.68% annualized return.
TORNTPOWER.NS
-6.51%
-10.73%
-8.04%
-3.32%
47.10%
36.72%
26.77%
FXAIX
1.34%
6.29%
-1.07%
14.76%
14.51%
16.00%
12.68%
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Risk-Adjusted Performance
TORNTPOWER.NS vs. FXAIX — Risk-Adjusted Performance Rank
TORNTPOWER.NS
FXAIX
TORNTPOWER.NS vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Torrent Power Limited (TORNTPOWER.NS) and Fidelity 500 Index Fund (FXAIX). 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.
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Dividends
TORNTPOWER.NS vs. FXAIX - Dividend Comparison
TORNTPOWER.NS's dividend yield for the trailing twelve months is around 1.31%, less than FXAIX's 1.55% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORNTPOWER.NS Torrent Power Limited | 1.31% | 1.08% | 1.82% | 1.83% | 1.99% | 3.65% | 1.76% | 1.91% | 0.78% | 2.51% | 0.86% | 0.32% |
FXAIX Fidelity 500 Index Fund | 1.55% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.08% |
Drawdowns
TORNTPOWER.NS vs. FXAIX - Drawdown Comparison
The maximum TORNTPOWER.NS drawdown since its inception was -80.21%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for TORNTPOWER.NS and FXAIX.
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Volatility
TORNTPOWER.NS vs. FXAIX - Volatility Comparison
Torrent Power Limited (TORNTPOWER.NS) has a higher volatility of 11.72% compared to Fidelity 500 Index Fund (FXAIX) at 4.77%. This indicates that TORNTPOWER.NS's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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