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Relative Intelligence · IT Services

How Infosys (INFY) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on INFY alone. It places INFY (Infosys Limited) against 19 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where INFY stands in the market, and of the alternatives worth a closer look.

Period covered: INFY's full trading record, from March 1999 through September 2026. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against INFY →Chart INFY vs. 19 alternatives →
On this page12 sections

Key findings

How much would $10,000 in INFY have grown?

This chart tracks a hypothetical $10,000 investment in INFY over the past 27 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of INFY over the same span and INFY's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Choose a period

From the end of September 1999 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 702 of the 1,166 stocks and funds worth at least $500 million that traded the whole period ended ahead of INFY; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M199920042009201420192024$1,000$10,000$100,000$1M1999200620132020
  • CTSH$1M+9,911% total · +18.6% a year
  • AMZN$622,861+6,129% total · +16.5% a year
  • CACI$571,383+5,614% total · +16.2% a year
  • MSFT$185,654+1,757% total · +11.4% a year
  • ORCL$151,984+1,420% total · +10.6% a year
  • SPY (S&P 500)$95,018+850% total · +8.7% a year
  • SAP$78,616+686% total · +7.9% a year
  • INFY$78,543+685% total · +7.9% a year
  • IBM$37,218+272% total · +5.0% a year
  • DXC$5,016−49.8% total · −2.5% a year
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From the end of September 2021 to the end of September 2026. Hover over a fund in the key to pick out its line. 3,184 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of INFY; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$0$5,000$10,000$15,000$20,000$25,000$30,000202120222023202420252026$0$10,000$20,000$30,000202120222023202420252026
  • CACI$23,239+132% total · +18.4% a year
  • IBM$20,049+100% total · +14.9% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • MSFT$18,958+89.6% total · +13.6% a year
  • SAP$16,715+67.2% total · +10.8% a year
  • SAIC$15,988+59.9% total · +9.8% a year
  • EXLS$13,964+39.6% total · +6.9% a year
  • CRM$8,626−13.7% total · −2.9% a year
  • ACN$6,304−37.0% total · −8.8% a year
  • INFY$5,552−44.5% total · −11.1% a year
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INFY at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$52B
Industry
Information Technology Services
Price history from
March 1999

Returns

Past 1 year
−22.4%total return
Past 3 years
−18.0%−6.4% a year
Past 5 years
−39.8%−9.6% a year
Past 10 years
+110%+7.7% a year
Best calendar year
+128%2009
Worst calendar year
−45.0%2008
Losing years
9 of 26full calendar years

Risk

Volatility
29.8%typical yearly swing, 5 years
Sharpe ratio
-0.19return per unit of risk, 5 years
Worst decline ever
−90.4%Mar 2000 to Sep 2001
From its all-time high
−45.0%below the peak

INFY against the whole market

Where INFY ranks among every stock and fund, and what across the market has done better.

How does INFY rank among all stocks?

This section ranks INFY on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how INFY stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureINFYRankStanding
1-year return−22.4%2,702 of 3,287bottom 19%
3-year return−18.0%2,563 of 3,017bottom 16%
5-year return−39.8%2,275 of 2,893bottom 22%
10-year return+110%1,291 of 2,202bottom 42%
Volatility, 5 years29.8%700 of 2,893top 24%
Sharpe ratio, 5 years-0.192,671 of 2,893bottom 9%
Worst decline, past 10 years−54.4%644 of 2,187top 29%

What has beaten INFY on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). INFY sits where the dashed lines cross. Anything in the green box above and to the left earned more than INFY with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to INFY; faint dots are 92 more of the 1,477 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

−5.0%0.0%5.0%10.0%15.0%20.0%25.0%30.0%35.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than INFYORLY: +15.9% a year, volatility 23.4%WM: +9.3% a year, volatility 19.2%DUK: +7.5% a year, volatility 18.0%AEP: +12.4% a year, volatility 20.2%ED: +12.0% a year, volatility 18.8%AAPL: +18.5% a year, volatility 28.0%XEL: +6.5% a year, volatility 20.9%WCN: +6.1% a year, volatility 20.0%WEC: +7.2% a year, volatility 19.0%AEE: +7.9% a year, volatility 19.4%FE: +8.5% a year, volatility 19.4%XLU: +7.8% a year, volatility 17.4%VTI: +11.5% a year, volatility 17.5%CHD: +6.1% a year, volatility 21.1%VOO: +12.8% a year, volatility 16.9%LNT: +7.3% a year, volatility 19.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%IDA: +8.8% a year, volatility 19.2%SPLV: +5.5% a year, volatility 12.6%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%PTLC: +9.5% a year, volatility 11.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%BALT: +6.3% a year, volatility 3.3%AOR: +6.4% a year, volatility 10.7%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%ACWV: +6.3% a year, volatility 10.3%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%VRIG: +4.7% a year, volatility 1.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%AWR: +0.6% a year, volatility 22.7%BAC: +4.0% a year, volatility 26.6%PGR: +21.3% a year, volatility 25.6%FLRT: +6.0% a year, volatility 2.3%CB: +15.7% a year, volatility 20.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%TM: +5.0% a year, volatility 27.0%COR: +24.2% a year, volatility 22.8%TMO: +2.9% a year, volatility 27.8%SCHD: +9.7% a year, volatility 14.3%BND: −0.4% a year, volatility 6.1%T: +9.8% a year, volatility 25.2%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%VTIP: +2.7% a year, volatility 2.9%FXU: +11.2% a year, volatility 16.6%UNP: +7.1% a year, volatility 22.9%VB: +6.2% a year, volatility 20.6%BLK: +7.1% a year, volatility 27.1%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%IEMG: +6.8% a year, volatility 19.4%VWO: +5.2% a year, volatility 17.5%EP-PC: +5.2% a year, volatility 8.9%CME: +11.2% a year, volatility 20.8%VZ: +2.7% a year, volatility 22.9%ENB: +9.1% a year, volatility 18.9%UL: +5.5% a year, volatility 21.5%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%MSI: +14.8% a year, volatility 23.6%NGG: +11.8% a year, volatility 22.6%FLOT: +4.5% a year, volatility 1.8%FJAN: +11.1% a year, volatility 10.5%ETR: +19.2% a year, volatility 22.4%BMY: +5.5% a year, volatility 24.9%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%BSV: +1.7% a year, volatility 2.8%INFY: −9.6% a year, volatility 29.8%SPY (S&P 500): +12.7% a year, volatility 17.1%MSFT: +12.5% a year, volatility 28.2%IBM: +16.6% a year, volatility 30.5%CACI: +16.6% a year, volatility 29.9%SAIC: +9.9% a year, volatility 30.7%SAP: +11.5% a year, volatility 30.0%ACN: −5.2% a year, volatility 32.7%CTAS: +16.5% a year, volatility 23.1%ADP: +9.0% a year, volatility 22.9%CIBR: +14.1% a year, volatility 26.1%PAYX: +1.5% a year, volatility 25.0%RELX: +7.0% a year, volatility 24.1%IGV: +4.4% a year, volatility 28.9%KO: +14.7% a year, volatility 16.8%PG: +5.1% a year, volatility 18.3%SGOV: +3.8% a year, volatility 0.3%SO: +11.3% a year, volatility 18.8%RSG: +13.9% a year, volatility 18.5%RY: +17.3% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%GOOG: +19.0% a year, volatility 32.0%CAH: +42.1% a year, volatility 24.7%LDOS: +6.3% a year, volatility 27.8%INFYSPY (S&P 500)MSFTIBMCACISAICACNCTASADPPAYXIGVKOPGSGOVRYGOOGCAHLDOS−10.0%0.0%10.0%20.0%30.0%40.0%−20.0%−10.0%0.0%10.0%20.0%30.0%40.0%50.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than INFYORLY: +15.9% a year, volatility 23.4%WM: +9.3% a year, volatility 19.2%DUK: +7.5% a year, volatility 18.0%AEP: +12.4% a year, volatility 20.2%ED: +12.0% a year, volatility 18.8%AAPL: +18.5% a year, volatility 28.0%XEL: +6.5% a year, volatility 20.9%WCN: +6.1% a year, volatility 20.0%WEC: +7.2% a year, volatility 19.0%AEE: +7.9% a year, volatility 19.4%FE: +8.5% a year, volatility 19.4%XLU: +7.8% a year, volatility 17.4%VTI: +11.5% a year, volatility 17.5%CHD: +6.1% a year, volatility 21.1%VOO: +12.8% a year, volatility 16.9%LNT: +7.3% a year, volatility 19.8%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%IDA: +8.8% a year, volatility 19.2%SPLV: +5.5% a year, volatility 12.6%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%PTLC: +9.5% a year, volatility 11.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%BALT: +6.3% a year, volatility 3.3%AOR: +6.4% a year, volatility 10.7%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%ACWV: +6.3% a year, volatility 10.3%MCK: +38.7% a year, volatility 25.0%MRK: +16.3% a year, volatility 24.8%NVS: +17.1% a year, volatility 20.7%VTV: +12.1% a year, volatility 13.7%VRIG: +4.7% a year, volatility 1.3%AMGN: +19.6% a year, volatility 24.9%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%TJX: +19.9% a year, volatility 22.3%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%AWR: +0.6% a year, volatility 22.7%BAC: +4.0% a year, volatility 26.6%PGR: +21.3% a year, volatility 25.6%FLRT: +6.0% a year, volatility 2.3%CB: +15.7% a year, volatility 20.4%CM: +19.2% a year, volatility 21.6%VO: +6.8% a year, volatility 17.6%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%TM: +5.0% a year, volatility 27.0%COR: +24.2% a year, volatility 22.8%TMO: +2.9% a year, volatility 27.8%SCHD: +9.7% a year, volatility 14.3%BND: −0.4% a year, volatility 6.1%T: +9.8% a year, volatility 25.2%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%VTIP: +2.7% a year, volatility 2.9%FXU: +11.2% a year, volatility 16.6%UNP: +7.1% a year, volatility 22.9%VB: +6.2% a year, volatility 20.6%BLK: +7.1% a year, volatility 27.1%MNST: +17.2% a year, volatility 24.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%IEMG: +6.8% a year, volatility 19.4%VWO: +5.2% a year, volatility 17.5%EP-PC: +5.2% a year, volatility 8.9%CME: +11.2% a year, volatility 20.8%VZ: +2.7% a year, volatility 22.9%ENB: +9.1% a year, volatility 18.9%UL: +5.5% a year, volatility 21.5%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%MSI: +14.8% a year, volatility 23.6%NGG: +11.8% a year, volatility 22.6%FLOT: +4.5% a year, volatility 1.8%FJAN: +11.1% a year, volatility 10.5%ETR: +19.2% a year, volatility 22.4%BMY: +5.5% a year, volatility 24.9%CCEP: +19.7% a year, volatility 23.2%ALL: +17.0% a year, volatility 26.2%BSV: +1.7% a year, volatility 2.8%INFY: −9.6% a year, volatility 29.8%SPY (S&P 500): +12.7% a year, volatility 17.1%MSFT: +12.5% a year, volatility 28.2%IBM: +16.6% a year, volatility 30.5%CACI: +16.6% a year, volatility 29.9%SAIC: +9.9% a year, volatility 30.7%SAP: +11.5% a year, volatility 30.0%ACN: −5.2% a year, volatility 32.7%CTAS: +16.5% a year, volatility 23.1%ADP: +9.0% a year, volatility 22.9%CIBR: +14.1% a year, volatility 26.1%PAYX: +1.5% a year, volatility 25.0%RELX: +7.0% a year, volatility 24.1%IGV: +4.4% a year, volatility 28.9%KO: +14.7% a year, volatility 16.8%PG: +5.1% a year, volatility 18.3%SGOV: +3.8% a year, volatility 0.3%SO: +11.3% a year, volatility 18.8%RSG: +13.9% a year, volatility 18.5%RY: +17.3% a year, volatility 18.2%JAAA: +5.1% a year, volatility 1.7%GOOG: +19.0% a year, volatility 32.0%CAH: +42.1% a year, volatility 24.7%LDOS: +6.3% a year, volatility 27.8%INFYSPY (S&P 500)IBMCACIACNCTASADPPAYXRELXKOPGSGOVSOJAAACAHLDOS
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than INFY?

Investments that beat INFY over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat INFY over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks INFY's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than INFY follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than INFY's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× INFY's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than INFY's.

Screen the whole market against INFY for any period in BetterThanSPYOpen these 21 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with INFY?lower diversifies moreExpenseper year
INFYInfosys Limited · this page
−9.6%29.8%-0.19−54.4%+110%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.510.09%
Popular alternativesbest 6 shownThe investments people most often weigh against INFY. 13 of 19 passed at least one test.
MSFTMicrosoft Corporation · Software
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+12.5%28.2%0.56−37.1%+946%0.45—
IBMInternational Business Machines Corporation · IT Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.6%30.5%0.66−41.1%+151%0.43—
CACICACI International Inc · Business Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.6%29.9%0.66−42.9%+499%0.29—
SAICScience Applications International Corporation · Business Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.9%30.7%0.46−45.9%+135%0.22—
SAPSAP SE · Enterprise Software
Higher return, similar volatilityHigher return in most periods+11.5%30.0%0.52−52.5%+205%0.53—
ACNAccenture plc · IT Services
Higher return, similar volatilityHigher return in most periods−5.2%32.7%0.00−67.8%+146%0.79—
Same and neighboring categories, and shared themesbest 6 shownEverything else in IT Services and the categories next to it (Business Services, Enterprise Software, Software, E-Commerce), plus INFY's specific themes. 43 of 98 passed at least one test.
CTASCintas Corporation · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+16.5%23.1%0.78−48.4%+808%0.47—
ADPAutomatic Data Processing, Inc. · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.0%22.9%0.49−40.8%+320%0.58—
CIBRFirst Trust Nasdaq Cybersecurity ETF · Cybersecurity
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+14.1%26.1%0.64−33.9%+454%0.440.58%
PAYXPaychex, Inc. · Business Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+1.5%25.0%0.19−45.0%+173%0.58—
RELXRELX Plc · Business Services
Higher return, lower volatilityHigher return in most periodsSmaller losses in recent crashes+7.0%24.1%0.40−49.9%+167%0.39—
IGViShares Expanded Tech-Software Sector ETF · Software
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+4.4%28.9%0.29−45.9%+383%0.480.38%
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 2,257 of 3,516 passed at least one test.
KOThe Coca-Cola Company · Food & Beverages
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+14.7%16.8%0.91−37.0%+204%0.17—
PGThe Procter & Gamble Company · Household & Personal Products
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+5.1%18.3%0.37−23.8%+145%0.08—
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+3.8%0.3%13.25−0.3%—0.150.09%
SOThe Southern Company · Electric Utilities
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+11.3%18.8%0.67−38.4%+170%-0.02—
RSGRepublic Services, Inc. · Environmental Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+13.9%18.5%0.80−34.0%+446%0.15—
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+17.3%18.2%0.97−40.0%+352%0.28—
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+5.1%1.7%2.98−2.6%—0.200.20%
GOOGAlphabet Inc. · Internet Services
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.0%32.0%0.71−44.6%+752%0.27—
What these numbers mean for INFY
Annual return
INFY lost 9.6% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $6,020. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
INFY's volatility over the past 5 years was 29.8%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, INFY's return lands within 29.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
INFY's Sharpe ratio over the past 5 years was -0.19, against 0.79 for the S&P 500, so INFY earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
INFY's worst fall from a peak to a low over the past 10 years was 54.4%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 54.4% fall takes a 119% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, INFY's monthly returns had a correlation of 0.51 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against INFY instead: the lower it is, the more that option would diversify a INFY holding. Guide: Correlation and diversification →
Show all 1,477 stocks and funds worth at least $500 million that earned more than INFY with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with INFYExpense
1
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.17—
2
PGThe Procter & Gamble Company · Household & Personal Products
Whole market+5.1%18.3%0.37−23.8%+145%0.08—
3
SGOViShares 0-3 Month Treasury Bond ETF · Treasury Bonds
Whole market+3.8%0.3%13.25−0.3%—0.150.09%
4
SOThe Southern Company · Electric Utilities
Whole market+11.3%18.8%0.67−38.4%+170%-0.02—
5
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.15—
6
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.28—
7
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%0.26—
8
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.08—
9
DUKDuke Energy Corporation · Electric Utilities
Whole market+7.5%18.0%0.50−37.4%+132%0.13—
10
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.4%20.2%0.68−32.9%+185%0.03—
11
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.18—
12
EDConsolidated Edison, Inc. · Electric Utilities
Whole market+12.0%18.8%0.70−30.9%+114%0.09—
13
JAAAJanus Henderson AAA CLO ETF · CLO Bonds
Whole market+5.1%1.7%2.98−2.6%—0.200.20%
14
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.46—
15
XELXcel Energy Inc. · Electric Utilities
Whole market+6.5%20.9%0.41−34.4%+156%0.00—
16
WCNWaste Connections, Inc. · Environmental Services
Whole market+6.1%20.0%0.40−31.6%+270%0.26—
17
WECWEC Energy Group, Inc. · Electric Utilities
Whole market+7.2%19.0%0.46−32.3%+159%0.10—
18
AEEAmeren Corporation · Electric Utilities
Whole market+7.9%19.4%0.49−29.1%+192%0.07—
19
FEFirstEnergy Corp. · Electric Utilities
Whole market+8.5%19.4%0.52−47.7%+111%0.24—
20
XLUState Street Utilities Select Sector SPDR ETF · Utilities Equity
Whole market+7.8%17.4%0.52−36.0%+138%0.150.08%
21
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.500.03%
22
CHDChurch & Dwight Co., Inc. · Household & Personal Products
Whole market+6.1%21.1%0.39−31.7%+154%0.13—
23
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.510.03%
24
LNTAlliant Energy Corporation · Electric Utilities
Whole market+7.3%19.8%0.46−33.5%+150%0.08—
25
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.25—
26
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.37—
27
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.37—
28
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%0.21—
29
IDAIDACORP, Inc. · Electric Utilities
Whole market+8.8%19.2%0.54−34.3%+141%0.08—
30
SPLVInvesco S&P 500 Low Volatility ETF · US Low-Volatility Equity
Whole market+5.5%12.6%0.49−36.3%+129%0.360.25%
31
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%0.09—
32
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.40—
33
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.170.48%
34
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.260.40%
35
PTLCPacer Trendpilot US Large Cap ETF · Broad Market
Whole market+9.5%11.8%0.83−26.6%+188%0.350.60%
36
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.45—
37
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.310.05%
38
BALTInnovator Defined Wealth Shield ETF · Crypto
Whole market+6.3%3.3%1.85−4.9%—0.460.69%
39
AORiShares Core 60/40 Balanced Allocation ETF · Multi-Asset
Whole market+6.4%10.7%0.64−23.0%+118%0.450.20%
40
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.400.18%
41
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+541%0.46—
42
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.13—
43
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.40—
44
ACWViShares MSCI Global Min Vol Factor ETF · International
Whole market+6.3%10.3%0.65−28.8%+116%0.520.20%
45
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%0.24—
46
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%0.03—
47
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.17—
48
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.430.03%
49
VRIGInvesco Variable Rate Investment Grade ETF · Bonds
Whole market+4.7%1.3%3.51−13.1%+40.5%0.100.30%
50
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%0.27—
51
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%0.29—
52
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.340.03%
53
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.18—
54
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.32—
55
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.19—
56
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.390.09%
57
AWRAmerican States Water Company · Regulated Water
Whole market+0.6%22.7%0.14−32.8%+168%0.47—
58
BACBank of America Corporation · Banks
Whole market+4.0%26.6%0.28−49.0%+282%0.37—
59
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.15—
60
FLRTPacer Aristotle Pacific Floating Rate High Income ETF · Financials
Whole market+6.0%2.3%2.55−21.0%+58.0%0.320.60%
61
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%0.22—
62
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.26—
63
VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity
Whole market+6.8%17.6%0.47−39.4%+198%0.440.03%
64
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.520.04%
65
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%0.22—
66
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.18—
67
TMToyota Motor Corporation · Automobiles
Whole market+5.0%27.0%0.32−36.8%+129%0.32—
68
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.37—
69
TMOThermo Fisher Scientific Inc. · Life Sciences Tools
Whole market+2.9%27.8%0.24−40.9%+366%0.45—
70
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.470.06%
71
BNDVanguard Total Bond Market ETF · Investment Grade Bonds
Whole market−0.4%6.1%-0.03−18.6%+13.2%0.320.03%
72
TAT&T Inc. · Integrated Telecommunications
Whole market+9.8%25.2%0.50−39.4%+60.7%0.26—
73
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.30—
74
BNSThe Bank of Nova Scotia · Banks
Whole market+12.9%19.9%0.71−46.9%+187%0.33—
75
VTIPVanguard Short-Term Inflation-Protected Securities ETF · Treasury Bonds
Whole market+2.7%2.9%0.94−6.3%+32.7%0.190.03%
76
FXUFirst Trust Utilities AlphaDEX Fund · Utilities
Whole market+11.2%16.6%0.72−34.8%+138%0.160.61%
77
UNPUnion Pacific Corporation · Railroads
Whole market+7.1%22.9%0.42−38.7%+295%0.42—
78
VBVanguard Morningstar Small-Cap ETF · US Small-Cap Equity
Whole market+6.2%20.6%0.40−42.0%+179%0.420.03%
79
BLKBlackRock, Inc. · Asset Management
Whole market+7.1%27.1%0.39−43.9%+313%0.57—
80
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.10—
81
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+11.1%24.2%0.56−36.7%+204%0.27—
82
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.450.06%
83
IEMGiShares Core MSCI Emerging Markets ETF · Emerging Markets Equity
Whole market+6.8%19.4%0.44−38.7%+122%0.130.09%
84
VWOVanguard FTSE Emerging Markets ETF · Emerging Markets Equity
Whole market+5.2%17.5%0.38−36.4%+102%0.180.06%
85
EP-PCEl Paso Energy Capital Trust I PFD CV TR SECS · Preferred Stocks
Whole market+5.2%8.9%0.61−25.4%+37.8%0.11—
86
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%0.31—
87
VZVerizon Communications Inc. · Integrated Telecommunications
Whole market+2.7%22.9%0.23−41.2%+55.8%0.17—
88
ENBEnbridge Inc. · Oil & Gas Midstream
Whole market+9.1%18.9%0.56−44.1%+103%0.22—
89
ULUnilever PLC · Household & Personal Products
Whole market+5.5%21.5%0.36−30.1%+89.8%0.15—
90
PJULInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+10.5%8.6%1.20−18.2%—0.490.79%
91
RSPInvesco S&P 500 Equal Weight ETF · US Large-Cap Equity
Whole market+8.2%16.1%0.57−39.0%+211%0.460.20%
92
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.29—
93
NGGNational Grid plc · Electric Utilities
Whole market+11.8%22.6%0.61−39.2%+118%0.26—
94
FLOTiShares Floating Rate Bond ETF · Floating Rate Bonds
Whole market+4.5%1.8%2.48−13.5%+35.9%0.080.15%
95
FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset
Whole market+11.1%10.5%1.05−13.6%—0.470.85%
96
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.02—
97
BMYBristol-Myers Squibb Company · Pharmaceuticals
Whole market+5.5%24.9%0.34−47.7%+74.8%0.30—
98
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.07—
99
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%0.13—
100
BSVVanguard Short-Term Bond ETF · Short-Term Bonds
Whole market+1.7%2.8%0.63−8.5%+20.5%0.270.03%

INFY against its popular alternatives

The investments people most often weigh against INFY, compared period by period and year by year.

How do INFY's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at INFY, which divides the map into what did better or worse on each measure.

Green points earned more than INFY with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityINFY: −9.6% a year, volatility 29.8%SPY (S&P 500): 12.7% a year, volatility 17.1%MSFT: 12.5% a year, volatility 28.2%LDOS: 6.3% a year, volatility 27.8%WIT: −14.8% a year, volatility 33.2%KD: −19.4% a year, volatility 58.1%DXC: −15.9% a year, volatility 47.2%EPAM: −26.9% a year, volatility 56.1%GLOB: −33.0% a year, volatility 53.1%ACN: −5.2% a year, volatility 32.7%CACI: 16.6% a year, volatility 29.9%EXLS: 10.6% a year, volatility 32.6%CRM: −3.2% a year, volatility 39.4%SAP: 11.5% a year, volatility 30.0%IBM: 16.6% a year, volatility 30.5%SAIC: 9.9% a year, volatility 30.7%AMZN: 9.0% a year, volatility 36.6%G: −3.9% a year, volatility 30.3%CTSH: −1.3% a year, volatility 30.2%BAH: 0.4% a year, volatility 32.6%ORCL: 7.7% a year, volatility 44.3%INFYSPY (S&P 500)MSFTLDOSWITKDDXCEPAMGLOBACNCACIEXLSCRMIBMSAICAMZNGCTSHBAHORCL10.0%20.0%30.0%40.0%50.0%60.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityINFY: −9.6% a year, volatility 29.8%SPY (S&P 500): 12.7% a year, volatility 17.1%MSFT: 12.5% a year, volatility 28.2%LDOS: 6.3% a year, volatility 27.8%WIT: −14.8% a year, volatility 33.2%KD: −19.4% a year, volatility 58.1%DXC: −15.9% a year, volatility 47.2%EPAM: −26.9% a year, volatility 56.1%GLOB: −33.0% a year, volatility 53.1%ACN: −5.2% a year, volatility 32.7%CACI: 16.6% a year, volatility 29.9%EXLS: 10.6% a year, volatility 32.6%CRM: −3.2% a year, volatility 39.4%SAP: 11.5% a year, volatility 30.0%IBM: 16.6% a year, volatility 30.5%SAIC: 9.9% a year, volatility 30.7%AMZN: 9.0% a year, volatility 36.6%G: −3.9% a year, volatility 30.3%CTSH: −1.3% a year, volatility 30.2%BAH: 0.4% a year, volatility 32.6%ORCL: 7.7% a year, volatility 44.3%INFYSPY (S&P 500)LDOSWITKDDXCEPAMGLOBACNCACIEXLSCRMIBMSAICGCTSHBAHORCL
All figures
InvestmentAnnual returnVolatility
IBM International Business Machines Corporation+16.6%30.5%
CACI CACI International Inc+16.6%29.9%
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
MSFT Microsoft Corporation+12.5%28.2%
SAP SAP SE+11.5%30.0%
EXLS ExlService Holdings, Inc.+10.6%32.6%
SAIC Science Applications International Corporation+9.9%30.7%
AMZN Amazon.com, Inc.+9.0%36.6%
ORCL Oracle Corporation+7.7%44.3%
LDOS Leidos Holdings, Inc.+6.3%27.8%
BAH Booz Allen Hamilton Holding Corporation+0.4%32.6%
CTSH Cognizant Technology Solutions Corporation−1.3%30.2%
CRM Salesforce, Inc.−3.2%39.4%
G Genpact Limited−3.9%30.3%
ACN Accenture plc−5.2%32.7%
INFY This pageInfosys Limited−9.6%29.8%
WIT Wipro Limited−14.8%33.2%
DXC DXC Technology Company−15.9%47.2%
KD Kyndryl Holdings, Inc.−19.4%58.1%
EPAM EPAM Systems, Inc.−26.9%56.1%
GLOB Globant S.A.−33.0%53.1%
Open these 21 in EasyCompare

Has INFY consistently beaten its popular alternatives?

This section compares INFY with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than INFY helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than INFY over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
INFY Infosys Limited (this page)—+16.3%+11.9%−9.0%−28.7%−22.4%−18.0%−39.8%+110%29.8%-0.19−54.4%—$52B—
ACN QualifiedAccenture plc5/5 short3/3 longAll-weather+29.5%+66.5%+25.1%−4.8%+2.2%−13.6%−23.6%+146%32.7%0.00−67.8%—$146B—
MSFT QualifiedMicrosoft Corporation4/5 short3/3 longAll-weather+6.0%+32.5%+27.7%+13.2%+3.8%+66.6%+80.3%+946%28.2%0.56−37.1%—$3.9T—
CACI QualifiedCACI International Inc4/5 short3/3 longAll-weather−4.0%+34.7%+16.4%+13.1%+15.4%+85.8%+115%+499%29.9%0.66−42.9%—$13B—
EXLS QualifiedExlService Holdings, Inc.4/5 short3/3 longAll-weather+15.9%+44.9%+28.5%−0.8%+0.4%+52.7%+65.2%+327%32.6%0.47−51.3%—$6.2B—
CRM QualifiedSalesforce, Inc.4/5 short3/3 longAll-weather+2.5%+39.7%+30.7%−3.8%−3.9%+21.3%−14.8%+240%39.4%0.12−58.7%—$200B—
SAP QualifiedSAP SE4/5 short3/3 longAll-weather+9.4%+44.6%+29.6%−2.1%−16.6%+81.3%+72.6%+205%30.0%0.52−52.5%—$267B—
IBM QualifiedInternational Business Machines Corporation4/5 short3/3 longAll-weather+4.3%+14.4%−3.3%−15.3%−12.5%+93.5%+116%+151%30.5%0.66−41.1%—$228B—
SAIC QualifiedScience Applications International Corporation4/5 short3/3 longAll-weather+1.6%+20.3%+43.5%+35.3%+37.6%+27.6%+60.1%+135%30.7%0.46−45.9%—$5.7B—
AMZN QualifiedAmazon.com, Inc.3/5 short3/3 long+1.6%+5.1%+5.8%+16.0%+21.3%+110%+53.8%+548%36.6%0.42−56.1%—$2.8T—
G QualifiedGenpact Limited4/5 short2/3 long+13.6%+27.0%+6.8%−14.3%−1.0%+15.5%−18.1%+85.4%30.3%0.02−49.5%—$6.6B—
CTSH QualifiedCognizant Technology Solutions Corporation4/5 short2/3 long+14.8%+53.6%+14.6%−14.6%+4.5%+9.5%−6.2%+56.3%30.2%0.11−56.1%—$31B—
BAH QualifiedBooz Allen Hamilton Holding Corporation3/5 short2/3 long−3.1%+17.1%−5.7%−9.7%−23.5%−34.5%+2.0%+197%32.6%0.18−66.6%—$9.0B—
LDOS Information Technology ServicesLeidos Holdings, Inc.1/5 short3/3 long−0.4%+19.7%−17.0%−29.8%−32.2%+42.4%+35.6%+253%27.8%0.36−49.5%—$16B—
ORCL Software - InfrastructureOracle Corporation0/5 short3/3 long−11.4%+8.4%−25.6%−32.1%−52.1%+33.3%+45.1%+300%44.3%0.38−64.6%—$396B—
WIT Information Technology ServicesWipro Limited3/5 short1/3 long+22.8%+12.0%−3.3%−29.1%−21.5%−6.4%−55.1%+19.9%33.2%-0.32−65.4%—$20B—
KD Information Technology ServicesKyndryl Holdings, Inc.2/5 short1/3 long+13.9%+13.7%−5.1%−45.5%−50.3%−5.1%−65.9%—58.1%-0.05−79.8%—$3.0B—
DXC Information Technology ServicesDXC Technology Company5/5 short0/3 long+34.3%+56.8%+9.9%+3.9%+12.6%−28.0%−58.0%−67.7%47.2%-0.13−92.0%—$2.3B—
EPAM Information Technology ServicesEPAM Systems, Inc.3/5 short0/3 long+15.5%+46.2%−0.9%−34.8%−9.9%−41.5%−79.2%+103%56.1%-0.26−89.4%—$6.7B—
GLOB Information Technology ServicesGlobant S.A.1/5 short0/3 long+16.2%+29.0%−17.7%−34.0%−28.3%−76.9%−86.5%−5.9%53.1%-0.48−92.2%—$1.8B—
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How did INFY do year by year?

This table shows each investment's total return in every full calendar year since 2000, along with where INFY ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with INFY and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of INFY; gray means the two finished within a fraction of a point. The rank row places INFY among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of INFY20252024202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000
INFY This pageInfosys Limited—−16.4%+23.1%+4.8%−27.3%+51.9%+68.3%+11.8%+21.8%+12.3%−9.6%+9.0%+13.6%+36.3%−15.8%−31.7%+40.4%+128%−45.0%−16.2%+36.9%+17.2%+47.6%+38.1%+11.7%−31.8%−44.3%
Rank among alternativesTop quarter in 6 of 2613 of 2012 of 2015 of 2011 of 206 of 194 of 1916 of 193 of 1915 of 1915 of 1914 of 198 of 189 of 1716 of 1615 of 163 of 155 of 1511 of 1513 of 144 of 123 of 123 of 116 of 113 of 119 of 107 of 9
SPY S&P 500State Street SPDR S&P 500 ETF13 of 26+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%−9.8%
ACN Accenture plc11 of 24−22.1%+1.9%+33.6%−34.8%+60.7%+26.0%+51.2%−6.2%+33.3%+14.3%+20.8%+11.4%+26.6%+27.7%+12.0%+19.1%+29.0%−7.5%−1.4%+29.3%+8.3%+2.6%+46.3%−33.2%——
MSFT Microsoft Corporation12 of 26+15.6%+12.9%+58.2%−28.0%+52.5%+42.5%+57.6%+20.8%+40.8%+15.1%+22.7%+27.5%+44.3%+5.8%−4.5%−6.5%+60.5%−44.4%+20.8%+15.8%−1.0%+9.2%+6.2%−22.0%+52.8%−62.9%
CACI CACI International Inc12 of 26+31.9%+24.8%+7.7%+11.7%+8.0%−0.3%+73.6%+8.8%+6.5%+34.0%+7.7%+17.7%+33.1%−1.6%+4.7%+9.3%+8.3%+0.7%−20.8%−1.5%−15.8%+40.1%+36.4%−9.8%+243%+1.8%
EXLS ExlService Holdings, Inc.11 of 19−4.4%+43.9%−9.0%+17.1%+70.0%+22.6%+32.0%−12.8%+19.6%+12.2%+56.6%+4.0%+4.2%+18.6%+4.0%+18.5%+112%−63.0%+9.7%———————
CRM Salesforce, Inc.11 of 21−20.2%+27.8%+98.5%−47.8%+14.2%+36.8%+18.7%+34.0%+49.3%−12.7%+32.2%+7.5%+31.3%+65.8%−23.2%+79.0%+130%−49.0%+72.0%+13.7%+88.9%—————
SAP SAP SE15 of 26−0.4%+61.3%+52.3%−24.2%+9.2%−1.3%+36.4%−10.0%+31.7%+11.1%+15.3%−18.6%+10.0%+55.8%+6.0%+9.8%+31.4%−28.0%−2.6%+18.7%+2.8%+7.0%+114%−38.7%−4.9%−35.1%
IBM International Business Machines Corporation12 of 26+38.2%+39.3%+21.9%+10.6%+16.6%−1.2%+23.6%−22.6%−4.9%+25.2%−11.4%−12.4%−0.2%+5.9%+27.4%+14.2%+58.7%−20.8%+12.8%+19.8%−15.8%+7.2%+20.5%−35.4%+43.1%−20.8%
SAIC Science Applications International Corporation6 of 12−8.7%−9.0%+13.6%+34.9%−10.2%+10.8%+39.1%−15.5%−8.2%+89.5%−5.3%+54.0%——————————————
AMZN Amazon.com, Inc.17 of 26+5.2%+44.4%+80.9%−49.6%+2.4%+76.3%+23.0%+28.4%+56.0%+10.9%+118%−22.2%+59.0%+45.0%−3.9%+33.7%+163%−44.7%+135%−16.5%+6.8%−16.0%+178%+74.6%−30.5%−79.6%
G Genpact Limited9 of 18+10.5%+25.8%−24.0%−11.7%+29.5%−0.9%+57.6%−14.1%+31.6%−2.6%+32.0%+3.0%+18.6%+17.8%−1.6%+2.1%+81.4%−46.1%————————
CTSH Cognizant Technology Solutions Corporation17 of 26+9.7%+3.5%+34.4%−34.5%+9.6%+33.9%−1.1%−9.7%+27.6%−6.7%+14.0%+4.3%+36.7%+14.8%−12.2%+61.7%+151%−46.8%−12.0%+53.4%+18.9%+85.3%+89.7%+75.8%+13.7%−34.2%
BAH Booz Allen Hamilton Holding Corporation9 of 15−33.0%+2.0%+24.5%+25.7%−1.0%+24.4%+60.2%+20.2%+7.8%+19.3%+18.5%+56.3%+49.0%+40.0%−11.3%———————————
LDOS Leidos Holdings, Inc.12 of 19+26.5%+34.5%+4.5%+20.0%−14.2%+8.9%+88.8%−16.7%+28.4%+27.0%+35.0%−3.2%+64.2%−5.3%−22.5%−16.3%−2.8%−3.2%+13.1%———————
ORCL Oracle Corporation14 of 26+18.1%+60.0%+30.9%−4.7%+36.9%+24.3%+19.4%−3.0%+24.9%+6.9%−17.6%+19.0%+15.7%+31.8%−17.5%+28.6%+39.4%−21.4%+31.7%+40.4%−11.0%+3.6%+22.6%−21.8%−52.5%+3.7%
WIT Wipro Limited14 of 25−16.6%+27.7%+20.0%−51.9%+73.1%+50.9%−1.7%−5.8%+13.2%−15.2%+3.7%−9.5%+68.0%−3.9%−26.1%+23.9%+195%−40.5%+2.9%+49.3%+2.8%+77.0%+45.3%−7.7%−27.0%—
KD Kyndryl Holdings, Inc.2 of 4−23.2%+66.5%+86.9%−38.6%——————————————————————
DXC DXC Technology Company11 of 26−26.7%−12.6%−13.7%−17.7%+25.0%−30.1%−27.9%−43.5%+85.7%+84.0%+24.9%+14.5%+41.7%+73.4%−51.1%−12.8%+63.7%−29.0%−7.3%+5.4%−10.2%+27.5%+28.4%−29.6%−18.5%−36.4%
EPAM EPAM Systems, Inc.7 of 13−12.4%−21.4%−9.3%−51.0%+86.5%+68.9%+82.9%+8.0%+67.0%−18.2%+64.6%+36.7%+93.0%—————————————
GLOB Globant S.A.5 of 11−69.5%−9.9%+41.5%−46.5%+44.3%+105%+88.3%+21.2%+39.3%−11.1%+140%———————————————
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Risk and diversification

How INFY has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were INFY's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents INFY's five deepest drawdowns since it began trading in 1999, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means INFY fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringINFY fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−90.4%−25.4%Mar 2000Sep 200118 monthsFeb 201513.4 years
2022 bear market−54.4%+70.8%Jan 2022Jun 20264.4 yearsNot yet—
Covid crash−41.7%−22.0%Sep 2019Mar 20206 monthsJul 20204 months
No named crash−33.5%−5.0%Jul 1999Jul 1999Under a monthSep 19992 months
No named crash−30.6%+11.3%Apr 2016Feb 201710 monthsJun 201816 months

How did INFY do in stock market crashes?

This section measures how far INFY, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than INFY.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
INFY This pageInfosys Limited—−4.9%−35.9%−39.1%−12.7%−3.6%−17.3%−25.9%−0.6%−60.9%−90.0%
SPY S&P 500State Street SPDR S&P 500 ETF7 of 10−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
ACN Accenture plc4 of 9−4.7%−37.3%−33.5%−22.6%−4.1%−14.9%−22.7%−1.9%−35.7%—
MSFT Microsoft Corporation7 of 10−2.0%−31.0%−27.7%−18.2%−7.4%−14.4%−14.1%−2.6%−57.9%−62.9%
CACI CACI International Inc7 of 10−3.4%−18.9%−41.4%−26.0%−3.0%−21.9%−24.0%0.0%−30.0%−43.5%
EXLS ExlService Holdings, Inc.4 of 9−5.4%−21.3%−46.2%−26.4%−5.6%−13.3%−18.9%0.0%−80.9%—
CRM Salesforce, Inc.1 of 9−5.3%−42.7%−35.7%−24.8%−6.1%−34.2%−26.9%−4.2%−70.5%—
SAP SAP SE6 of 10−2.0%−41.9%−32.6%−25.0%−6.9%−13.3%−25.0%−1.4%−49.6%−87.9%
IBM International Business Machines Corporation6 of 10−2.0%−16.7%−37.3%−29.1%−6.3%−23.3%−14.6%−1.5%−44.3%−58.3%
SAIC Science Applications International Corporation2 of 6−2.6%−15.4%−45.9%−27.7%−9.3%−24.1%————
AMZN Amazon.com, Inc.3 of 10−3.4%−39.6%−22.7%−33.2%−7.1%−30.6%−20.7%−2.9%−65.3%−91.8%
G Genpact Limited3 of 9−4.9%−28.0%−48.4%−15.9%−5.6%−9.9%−22.3%−2.9%−61.7%—
CTSH Cognizant Technology Solutions Corporation1 of 10−5.8%−38.6%−40.6%−22.4%−3.2%−25.3%−26.7%−2.5%−65.5%−71.3%
BAH Booz Allen Hamilton Holding Corporation3 of 7−3.0%−21.5%−25.5%−17.6%−7.1%−17.1%−29.0%———
LDOS Leidos Holdings, Inc.4 of 9−1.9%−19.8%−40.9%−27.2%−6.4%−30.5%−31.7%0.0%−20.9%—
ORCL Oracle Corporation6 of 10−5.0%−31.0%−28.3%−17.2%−6.6%−16.1%−23.9%−2.1%−41.1%−84.2%
WIT Wipro Limited4 of 9−2.6%−52.6%−33.0%−8.6%−6.8%−14.6%−29.6%−1.5%−66.0%—
KD Kyndryl Holdings, Inc.0 of 2−7.1%−56.2%————————
DXC DXC Technology Company2 of 10−11.2%−39.9%−69.4%−47.9%−7.0%−18.1%−30.9%−1.4%−58.8%−74.6%
EPAM EPAM Systems, Inc.1 of 6−8.5%−71.8%−33.3%−23.1%−7.8%−29.6%————
GLOB Globant S.A.0 of 6−9.3%−40.5%−45.5%−20.4%−4.9%−38.5%————
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How closely does INFY move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares INFY with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than INFY's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
INFY This pageInfosys Limited85%126%0.670.90
CACI CACI International Inc94%62%1.500.79
MSFT Microsoft Corporation127%91%1.390.96
SAIC Science Applications International Corporation44%36%1.220.59
LDOS Leidos Holdings, Inc.78%73%1.060.73
BAH Booz Allen Hamilton Holding Corporation65%63%1.030.54
AMZN Amazon.com, Inc.134%139%0.961.31
EXLS ExlService Holdings, Inc.99%109%0.900.90
ORCL Oracle Corporation131%159%0.821.30
CRM Salesforce, Inc.115%143%0.801.16
SAP SAP SE112%152%0.741.10
IBM International Business Machines Corporation89%121%0.730.95
ACN Accenture plc117%186%0.631.12
G Genpact Limited90%146%0.610.99
CTSH Cognizant Technology Solutions Corporation89%152%0.590.99
EPAM EPAM Systems, Inc.156%263%0.591.41
WIT Wipro Limited62%122%0.510.82
GLOB Globant S.A.91%188%0.481.16
DXC DXC Technology Company99%276%0.361.59
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What diversifies INFY?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with INFY's. Because such investments tend not to fall at the same time, pairing INFY with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which INFY lost money. The last two columns show a portfolio that is 80% INFY and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20252022201620122011200820072001200080/20 mix volatility80/20 mix annual return
INFY Infosys Limited (this page)1.00−39.8%-0.19−16.4%−27.3%−9.6%−15.8%−31.7%−45.0%−16.2%−31.8%−44.3%27.2%−11.1%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.26+119%1.48+27.1%+3.8%———————22.3%−5.5%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.17+225%1.34+32.8%+6.0%+1.1%+19.6%−16.1%−20.8%−7.4%——22.3%−3.8%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.26+101%1.04+9.7%+10.4%+29.8%——————22.7%−5.7%
HDV Dividend & IncomeiShares Core High Dividend ETF0.37+83.3%1.00+11.9%+7.1%+15.9%+9.6%—————22.9%−6.3%
SMH TechnologyVanEck Semiconductor ETF0.21+323%0.97+49.2%−33.5%+35.6%+8.6%+6.8%−44.7%+6.0%−14.6%—24.2%−1.7%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.33+85.0%0.96+23.1%−5.1%+6.3%+20.9%—————22.6%−6.1%
GLD CommoditiesSPDR Gold Shares0.10+126%0.96+63.7%−0.8%+8.0%+6.6%+9.6%+4.9%+30.4%——22.4%−5.1%
FFLC Broad MarketFidelity Fundamental Large Cap Core ETF0.42+107%0.95+17.7%0.0%———————23.3%−5.5%

Stocks

InvestmentCorrelation5Y returnSharpe20252022201620122011200820072001200080/20 mix volatility80/20 mix annual return
INFY Infosys Limited (this page)1.00−39.8%-0.19−16.4%−27.3%−9.6%−15.8%−31.7%−45.0%−16.2%−31.8%−44.3%27.2%−11.1%
CAH Medical - DistributionCardinal Health, Inc.0.18+479%1.55+76.3%+54.1%−17.5%+3.8%+8.1%−39.6%−9.8%−2.5%+108%23.3%−1.9%
CLS Hardware, Equipment & PartsCelestica Inc.0.19+3,143%1.47+220%+1.3%+7.4%+11.2%−24.4%−20.5%−25.7%−25.6%−2.3%26.6%+8.7%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.06+1,636%1.46+121%+17.0%+18.3%+15.7%−17.0%−15.2%+2.1%+73.7%−71.1%24.1%+5.7%
MCK Medical - DistributionMcKesson Corporation0.24+413%1.44+44.5%+51.8%−28.3%+25.6%+11.8%−40.4%+29.7%+4.9%+61.2%23.5%−2.5%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.14+690%1.41+19.2%+86.6%+0.7%+94.3%—————23.5%−0.1%
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Common questions

What was INFY's worst drawdown?

INFY's deepest decline since it began trading in 1999 was 90.4%, from March 2000 to September 2001. It took about 13 years from the low to climb back to its old high.

What were INFY's best and worst years?

Over 26 full calendar years, INFY's best year was 2009, when it returned 128%. Its worst was 2008, with a return of -45.0%.

Is there a better investment than INFY?

Among INFY's popular alternatives, MSFT earned more than INFY with less volatility over the past 5 years: 12.5% a year at 28.2% volatility, against a loss of 9.6% a year at 29.8%. Looking beyond its popular alternatives, CTAS (business services) and ADP (business services) earned more than INFY with less volatility over the past 5 years. CTAS returned 16.5% a year at 23.1% volatility, against a loss of 9.6% a year at 29.8%.

Is INFY more volatile than the S&P 500?

Yes. INFY's volatility over the past 5 years was 29.8%, 1.7 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, INFY's return lands within 29.8% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is INFY's Sharpe ratio?

INFY's Sharpe ratio over the past 5 years was -0.19, against 0.79 for the S&P 500, so INFY earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is INFY with the S&P 500?

Over the past 5 years, INFY's monthly returns had a correlation of 0.51 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They often move together: some diversification next to an index fund, but not a cushion. In the table, the correlation column measures each option against INFY instead: the lower it is, the more that option would diversify a INFY holding.

What are the best alternatives to INFY?

Of the 19 popular alternatives we compared, 12 outperformed INFY in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: ACN, MSFT and CACI.

Did INFY outperform the S&P 500?

INFY finished ahead of the S&P 500 (SPY) in 12 of 26 full calendar years. In 2025, it returned -16.4%, against +17.7% for the index.

How did INFY do in stock market crashes?

INFY fell less than the S&P 500 (SPY) in three of the ten major crashes it has traded through, and further in seven. The clearest case was the dot-com bust, when INFY fell 90.0% and the S&P 500 fell 47.5%.

What diversifies INFY?

These had a low correlation with INFY over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.26), DXJ (correlation 0.17) and EMLP (correlation 0.26); among large stocks, CAH (correlation 0.18), CLS (correlation 0.19) and FIX (correlation 0.06). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to INFY

Other stocks and ETFs