VEDL.NS vs. M&M.NS

Last updated Jun 5, 2026

VEDL.NS (Vedanta Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. VEDL.NS operates in Other Industrial Metals & Mining (Basic Materials), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, VEDL.NS returned 24.96%/yr vs 16.84%/yr for M&M.NS. At a 0.30 correlation, their price movements are largely independent.

Performance

VEDL.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Vedanta Limited (VEDL.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VEDL.NS achieves a -44.91% return, which is significantly lower than M&M.NS's -18.69% return. Over the past 10 years, VEDL.NS has outperformed M&M.NS with an annualized return of 24.96%, while M&M.NS has yielded a comparatively lower 16.84% annualized return.

VEDL.NS

• 1D: -0.21%
• 1M: 10.47%
• YTD: -44.91%
• 6M: -36.52%
• 1Y: -21.73%
• 3Y*: 13.10%
• 5Y*: 19.45%
• 10Y*: 24.96%

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

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

VEDL.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VEDL.NS Vedanta Limited	-44.91%	43.23%	89.04%	4.44%	16.32%	133.55%	20.63%	-23.81%	-28.72%	63.23%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	17.48%	36.15%	-32.95%	7.89%	26.82%

Correlation

The correlation between VEDL.NS and M&M.NS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.30
Correlation (All Time) Calculated using the full available price history since Jan 2, 1996	0.30

Return for Risk

VEDL.NS vs. M&M.NS — Risk / Return Rank

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

VEDL.NS

VEDL.NS Risk / Return Rank: 34
VEDL.NS Sharpe Ratio Rank: 30
VEDL.NS Sortino Ratio Rank: 38
VEDL.NS Omega Ratio Rank: 50
VEDL.NS Calmar Ratio Rank: 32
VEDL.NS Martin Ratio Rank: 21

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

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.

VEDL.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vedanta Limited (VEDL.NS) and Mahindra & Mahindra Limited (M&M.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.

	VEDL.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.27	-0.02	-0.25
Sortino ratio: Return per unit of downside risk	0.34	0.17	+0.17
Omega ratio: Gain probability vs. loss probability	1.11	1.02	+0.09
Calmar ratio: Return relative to maximum drawdown	-0.30	-0.02	-0.28
Martin ratio: Return relative to average drawdown	-1.00	-0.04	-0.96
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VEDL.NS vs. M&M.NS - Sharpe Ratio Comparison

The current VEDL.NS Sharpe Ratio is -0.27, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of VEDL.NS and M&M.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

	VEDL.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	-0.02	-0.25
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	1.15	-0.74
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.57	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.26	0.19	+0.06

Drawdowns

VEDL.NS vs. M&M.NS - Drawdown Comparison

The maximum VEDL.NS drawdown since its inception was -90.93%, roughly equal to the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for VEDL.NS and M&M.NS.

Drawdown Indicators

	VEDL.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-90.93%	-94.09%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-65.52%	-22.91%	-42.61%
Max Drawdown (3Y) Largest decline over 3 years	-65.52%	-22.91%	-42.61%
Max Drawdown (5Y) Largest decline over 5 years	-65.52%	-28.09%	-37.43%
Max Drawdown (10Y) Largest decline over 10 years	-78.36%	-72.28%	-6.08%
Current Drawdown Current decline from peak	-58.41%	-20.68%	-37.73%
Average Drawdown Average peak-to-trough decline	-41.76%	-31.10%	-10.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.72%	9.68%	+10.04%

Volatility

VEDL.NS vs. M&M.NS - Volatility Comparison

Vedanta Limited (VEDL.NS) has a higher volatility of 12.48% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that VEDL.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VEDL.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.48%	6.92%	+5.56%
Volatility (6M) Calculated over the trailing 6-month period	108.89%	21.45%	+87.44%
Volatility (1Y) Calculated over the trailing 1-year period	72.89%	26.75%	+46.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.68%	27.81%	+19.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.64%	30.40%	+15.24%

Dividends

VEDL.NS vs. M&M.NS - Dividend Comparison

VEDL.NS's dividend yield for the trailing twelve months is around 10.38%, more than M&M.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%
VEDL.NS Vedanta Limited	10.38%	3.81%	9.79%	24.17%	26.43%	9.38%	8.30%	1.21%	18.89%	5.37%	0.81%	6.47%

Financials

Frequently Asked Questions

Can I hold both VEDL.NS and M&M.NS in my portfolio?

VEDL.NS and M&M.NS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.