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^BSE200 vs. SPY
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between ^BSE200 and SPY is 0.23, 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.


Performance

^BSE200 vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P BSE-200 (^BSE200) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

250.00%300.00%350.00%400.00%450.00%500.00%December2025FebruaryMarchAprilMay
265.09%
471.49%
^BSE200
SPY

Key characteristics

Sharpe Ratio

^BSE200:

0.38

SPY:

0.54

Sortino Ratio

^BSE200:

0.67

SPY:

0.90

Omega Ratio

^BSE200:

1.10

SPY:

1.13

Calmar Ratio

^BSE200:

0.39

SPY:

0.57

Martin Ratio

^BSE200:

0.82

SPY:

2.24

Ulcer Index

^BSE200:

8.48%

SPY:

4.82%

Daily Std Dev

^BSE200:

16.09%

SPY:

20.02%

Max Drawdown

^BSE200:

-38.11%

SPY:

-55.19%

Current Drawdown

^BSE200:

-9.93%

SPY:

-7.53%

Returns By Period

In the year-to-date period, ^BSE200 achieves a -0.53% return, which is significantly higher than SPY's -3.30% return. Both investments have delivered pretty close results over the past 10 years, with ^BSE200 having a 12.29% annualized return and SPY not far ahead at 12.33%.


^BSE200

YTD

-0.53%

1M

6.86%

6M

-2.65%

1Y

6.14%

5Y*

23.00%

10Y*

12.29%

SPY

YTD

-3.30%

1M

13.81%

6M

-4.52%

1Y

10.65%

5Y*

15.81%

10Y*

12.33%

*Annualized

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Risk-Adjusted Performance

^BSE200 vs. SPY — Risk-Adjusted Performance Rank

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

^BSE200
The Risk-Adjusted Performance Rank of ^BSE200 is 5050
Overall Rank
The Sharpe Ratio Rank of ^BSE200 is 5050
Sharpe Ratio Rank
The Sortino Ratio Rank of ^BSE200 is 5252
Sortino Ratio Rank
The Omega Ratio Rank of ^BSE200 is 5454
Omega Ratio Rank
The Calmar Ratio Rank of ^BSE200 is 5454
Calmar Ratio Rank
The Martin Ratio Rank of ^BSE200 is 4242
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6363
Overall Rank
The Sharpe Ratio Rank of SPY is 5959
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6161
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6464
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6767
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6464
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

^BSE200 vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P BSE-200 (^BSE200) and SPDR S&P 500 ETF (SPY). 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.


The current ^BSE200 Sharpe Ratio is 0.38, which is comparable to the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of ^BSE200 and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.00December2025FebruaryMarchAprilMay
0.19
0.52
^BSE200
SPY

Drawdowns

^BSE200 vs. SPY - Drawdown Comparison

The maximum ^BSE200 drawdown since its inception was -38.11%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for ^BSE200 and SPY. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-12.19%
-7.53%
^BSE200
SPY

Volatility

^BSE200 vs. SPY - Volatility Comparison

The current volatility for S&P BSE-200 (^BSE200) is 5.90%, while SPDR S&P 500 ETF (SPY) has a volatility of 12.36%. This indicates that ^BSE200 experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%December2025FebruaryMarchAprilMay
5.90%
12.36%
^BSE200
SPY