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

> Source: EasyCompare research, https://easycompare.io/research/infy
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** The slide is INFY's own: it is 45.0% below its high, against 1.3% for the S&P 500. Over the past 6 months, INFY fell 9.0% while the S&P 500 rose 9.1%.
- **Stock or market?:** INFY's 11.9% gain over the past 3 months is part of a broader IT services rally: the IT services ETF IGV (iShares Expanded Tech-Software Sector ETF) rose 15.0%, with IBM (International Business Machines, up 14.4%) and ACN (Accenture, up 66.5%). INFY rose 16.3% last month as the S&P 500 fell 0.6% and the Nasdaq 100 fell 3.2%.
- **Past 1 to 3 years:** INFY has gone against the market, falling 22.4% over the past year while the S&P 500 rose 15.8%. The same gap shows up over 3 years (18.0% against 89.3%). INFY finished behind the S&P 500 in both 2024 and 2025.
- **Long term:** INFY turned $10,000 into $21,000 over the past decade, against $42,100 in the S&P 500.
- **In a crash:** INFY fell harder than the S&P 500 in six of seven sell-offs. The late-2018 sell-off was the exception: INFY fell 12.7%, less than the S&P 500's 19.3%.
- **Diversification:** Against the S&P 500, INFY has a correlation of 0.51 over 5 years, more closely than 75% of stocks worth at least $300 million. Next to an index fund it is some diversification, but not a hedge. Over 10 years, INFY's beta versus the S&P 500 was 0.90: in the S&P 500's rising months it gained 85% as much as the index, and in falling months it lost 1.3 times as much.
- **Better options**
  - **Popular alternatives:** MSFT (Microsoft) 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%.
  - **Nearby categories and themes:** CTAS (Cintas, business services) and ADP (Automatic Data Processing, 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%.
  - **Whole market:** 1,477 of the 3,633 stocks and funds worth at least $500 million earned more than INFY with less volatility over the past 5 years, among them AAPL (Apple), MSFT (Microsoft) and VTI (Vanguard Morningstar Total Stock Market ETF).

## 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.

- $10,000 invested in INFY at the end of September 1999 would have grown to $78,543 by September 2026, less than the $95,018 it would have become in SPY, an S&P 500 fund.
- Six of the eight other investments on the chart ended ahead of INFY, and CTSH finished highest, at $1,001,146.

## 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.

- INFY is still 45.0% below its all-time high.
- 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.
- Over 26 full calendar years, INFY's best was 2009, when it returned 128%, and its worst was 2008, when it lost 45.0%. It lost money in nine of those years.

- Type: Stock, Technology (Information Technology Services)
- Trading since: March 11, 1999
- Market value: $52B
- Volatility (5 years): 29.8%; Sharpe ratio: -0.19
- Worst decline ever: −90.4%, from March 6, 2000 to September 27, 2001; back at its high by February 9, 2015

| Period | INFY total return |
| --- | --- |
| 1 month | +16.3% |
| 3 months | +11.9% |
| 6 months | −9.0% |
| year to date | −28.7% |
| 1 year | −22.4% |
| 3 years | −18.0% |
| 5 years | −39.8% |
| 10 years | +110% |

## 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.

- On return for the risk taken (the Sharpe ratio), INFY ranks in the bottom 8% of the 2,893 stocks worth at least $300 million.
- INFY is among the steadier stocks: its price swings rank in the top 24% of the 2,893 stocks worth at least $300 million, where the top is the calmest.

| Measure | INFY | Rank |
| --- | --- | --- |
| 1-year return | −22.4% | 2,702 of 3,287 (top 83%) |
| 3-year return | −18.0% | 2,563 of 3,017 (top 85%) |
| 5-year return | −39.8% | 2,275 of 2,893 (top 79%) |
| 10-year return | +110% | 1,291 of 2,202 (top 59%) |
| Volatility, 5 years | 29.8% | 700 of 2,893 (top 25%) |
| Sharpe ratio, 5 years | -0.19 | 2,671 of 2,893 (top 93%) |
| Worst decline, past 10 years | −54.4% | 644 of 2,187 (top 30%) |

### 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).

- 538 stocks and 939 ETFs worth at least $500 million sit in the green region: each earned more than INFY over the past 5 years with smaller price swings. That is 41% of the 3,633 screened.
- Among those with at least half INFY's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 17% less than INFY's 29.8%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against -0.19 for INFY.
- Among INFY's popular alternatives, MSFT and LDOS are in the region. MSFT earned 12.5% a year against a loss of 9.6% a year for INFY, at 28.2% volatility, 5% less than INFY's 29.8%.

### Is there a better investment than INFY?

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.

- 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%.
- Across the whole market, 1,477 of the 3,633 stocks and funds worth at least $500 million earned more than INFY with less volatility over the past 5 years, among them AAPL, MSFT and VTI.

The 15 strongest of 1,477 investments that beat INFY over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with INFY | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| INFY: Infosys Limited (this page) |  | −9.6% | 29.8% | -0.19 | −54.4% | +110% |  |  |
| [KO](https://easycompare.io/research/ko): The Coca-Cola Company | Food & Beverages | +14.7% | 16.8% | 0.91 | −37.0% | +204% | 0.17 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [PG](https://easycompare.io/research/pg): The Procter & Gamble Company | Household & Personal Products | +5.1% | 18.3% | 0.37 | −23.8% | +145% | 0.08 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [SGOV](https://easycompare.io/research/sgov): iShares 0-3 Month Treasury Bond ETF | Treasury Bonds | +3.8% | 0.3% | 13.25 | −0.3% | — | 0.15 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [SO](https://easycompare.io/research/so): The Southern Company | Electric Utilities | +11.3% | 18.8% | 0.67 | −38.4% | +170% | -0.02 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [RSG](https://easycompare.io/research/rsg): Republic Services, Inc. | Environmental Services | +13.9% | 18.5% | 0.80 | −34.0% | +446% | 0.15 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.28 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ORLY](https://easycompare.io/research/orly): O'Reilly Automotive, Inc. | Specialty Retail | +15.9% | 23.4% | 0.75 | −42.0% | +393% | 0.26 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [WM](https://easycompare.io/research/wm): Waste Management, Inc. | Environmental Services | +9.3% | 19.2% | 0.56 | −30.1% | +344% | 0.08 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [DUK](https://easycompare.io/research/duk): Duke Energy Corporation | Electric Utilities | +7.5% | 18.0% | 0.50 | −37.4% | +132% | 0.13 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [AEP](https://easycompare.io/research/aep): American Electric Power Company, Inc. | Electric Utilities | +12.4% | 20.2% | 0.68 | −32.9% | +185% | 0.03 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.18 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ED](https://easycompare.io/research/ed): Consolidated Edison, Inc. | Electric Utilities | +12.0% | 18.8% | 0.70 | −30.9% | +114% | 0.09 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| JAAA: Janus Henderson AAA CLO ETF | CLO Bonds | +5.1% | 1.7% | 2.98 | −2.6% | — | 0.20 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AAPL](https://easycompare.io/research/aapl): Apple Inc. | Computer Hardware | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.46 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [XEL](https://easycompare.io/research/xel): Xcel Energy Inc. | Electric Utilities | +6.5% | 20.9% | 0.41 | −34.4% | +156% | 0.00 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |

## 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.

- Only MSFT and LDOS were both more rewarding and calmer than INFY over the past 5 years, earning a higher annual return with lower volatility.
- Over the past 5 years, INFY returned -9.6% a year, less than the S&P 500's 12.7%, with higher volatility (29.8% against 17.1%).

### 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.

- 12 of the 19 popular alternatives, led by ACN, MSFT and CACI, outperformed INFY in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- ACN, MSFT and CACI outperformed INFY in every long-term period and in all but one short-term period, the most consistent record in the group.
- IBM, CACI and MSFT earned more for the risk they took than INFY (a higher Sharpe ratio) and fell less in their worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of INFY | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| INFY: Infosys Limited (this page) | −22.4% | −18.0% | −39.8% | +110% |  |  | -0.19 |
| [ACN](https://easycompare.io/research/acn): Accenture plc | +2.2% | −13.6% | −23.6% | +146% | 5/5 short-term, 3/3 long-term | all-weather | 0.00 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | +3.8% | +66.6% | +80.3% | +946% | 4/5 short-term, 3/3 long-term | all-weather | 0.56 |
| CACI: CACI International Inc | +15.4% | +85.8% | +115% | +499% | 4/5 short-term, 3/3 long-term | all-weather | 0.66 |
| EXLS: ExlService Holdings, Inc. | +0.4% | +52.7% | +65.2% | +327% | 4/5 short-term, 3/3 long-term | all-weather | 0.47 |
| [CRM](https://easycompare.io/research/crm): Salesforce, Inc. | −3.9% | +21.3% | −14.8% | +240% | 4/5 short-term, 3/3 long-term | all-weather | 0.12 |
| [SAP](https://easycompare.io/research/sap): SAP SE | −16.6% | +81.3% | +72.6% | +205% | 4/5 short-term, 3/3 long-term | all-weather | 0.52 |
| [IBM](https://easycompare.io/research/ibm): International Business Machines Corporation | −12.5% | +93.5% | +116% | +151% | 4/5 short-term, 3/3 long-term | all-weather | 0.66 |
| SAIC: Science Applications International Corporation | +37.6% | +27.6% | +60.1% | +135% | 4/5 short-term, 3/3 long-term | all-weather | 0.46 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | +21.3% | +110% | +53.8% | +548% | 3/5 short-term, 3/3 long-term | consistent | 0.42 |
| G: Genpact Limited | −1.0% | +15.5% | −18.1% | +85.4% | 4/5 short-term, 2/3 long-term | consistent | 0.02 |
| CTSH: Cognizant Technology Solutions Corporation | +4.5% | +9.5% | −6.2% | +56.3% | 4/5 short-term, 2/3 long-term | consistent | 0.11 |
| BAH: Booz Allen Hamilton Holding Corporation | −23.5% | −34.5% | +2.0% | +197% | 3/5 short-term, 2/3 long-term | consistent | 0.18 |
| LDOS: Leidos Holdings, Inc. | −32.2% | +42.4% | +35.6% | +253% | 1/5 short-term, 3/3 long-term |  | 0.36 |
| [ORCL](https://easycompare.io/research/orcl): Oracle Corporation | −52.1% | +33.3% | +45.1% | +300% | 0/5 short-term, 3/3 long-term |  | 0.38 |
| WIT: Wipro Limited | −21.5% | −6.4% | −55.1% | +19.9% | 3/5 short-term, 1/3 long-term |  | -0.32 |
| KD: Kyndryl Holdings, Inc. | −50.3% | −5.1% | −65.9% | — | 2/5 short-term, 1/3 long-term |  | -0.05 |
| DXC: DXC Technology Company | +12.6% | −28.0% | −58.0% | −67.7% | 5/5 short-term, 0/3 long-term |  | -0.13 |
| EPAM: EPAM Systems, Inc. | −9.9% | −41.5% | −79.2% | +103% | 3/5 short-term, 0/3 long-term |  | -0.26 |
| GLOB: Globant S.A. | −28.3% | −76.9% | −86.5% | −5.9% | 1/5 short-term, 0/3 long-term |  | -0.48 |

### 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.

- INFY finished ahead of the S&P 500 in 12 of its 26 full calendar years, and behind it in each of the last four.
- Among its popular alternatives, AMZN came out ahead of INFY most often, in 17 of the 26 years both traded.
- Ranked against its popular alternatives each year, INFY finished in the top quarter in six of 26 years and in the bottom quarter in five. In 2025, it ranked 13 of 20.

| Year | INFY | SPY |
| --- | --- | --- |
| 2025 | −16.4% | +17.7% |
| 2024 | +23.1% | +24.9% |
| 2023 | +4.8% | +26.2% |
| 2022 | −27.3% | −18.2% |
| 2021 | +51.9% | +28.7% |
| 2020 | +68.3% | +18.3% |
| 2019 | +11.8% | +31.2% |
| 2018 | +21.8% | −4.6% |
| 2017 | +12.3% | +21.7% |
| 2016 | −9.6% | +12.0% |

## 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.

- In all five of INFY's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: INFY fell 54.4% from January 2022 to June 2026, while the S&P 500 rose 70.8%.
- The slowest recovery came after INFY fell 90.4% from March 2000 to September 2001; it did not regain that peak until February 2015, 13 years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −90.4% | March 6, 2000 | September 27, 2001 | February 9, 2015 | −25.4% | dot-com bust |
| −54.4% | January 14, 2022 | June 30, 2026 | not yet | +70.8% | 2022 bear market |
| −41.7% | September 5, 2019 | March 20, 2020 | July 15, 2020 | −22.0% | Covid crash |
| −33.5% | July 16, 1999 | July 26, 1999 | September 17, 1999 | −5.0% |  |
| −30.6% | April 15, 2016 | February 1, 2017 | June 15, 2018 | +11.3% |  |

### 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.

- INFY fell further than the S&P 500 in seven of the ten crashes it has traded through. The clearest case was the dot-com bust, when INFY fell 90.0% and the S&P 500 fell 47.5%.
- Among its popular alternatives, MSFT held up best, falling less than INFY in seven of the ten crashes they both traded through.

| Crash | Dates | INFY fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −90.0% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −60.9% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −0.6% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −25.9% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −17.3% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −3.6% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −12.7% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −39.1% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −35.9% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −4.9% | −3.4% |

### 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.

- 11 of the 18 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than INFY's 0.67, led by CACI, MSFT and SAIC.
- CACI took just 62% of the S&P 500's losses, against 126% for INFY, while still keeping 94% of its gains.
- Over the past 10 years, INFY captured 85% of the S&P 500's gains in rising months and 126% of its losses in falling months, with a beta of 0.90. Its share of the market's losses was larger than its share of the gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| INFY: Infosys Limited (this page) | 85.0% | 126% | 0.90 |
| [ACN](https://easycompare.io/research/acn): Accenture plc | 117% | 186% | 1.12 |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | 127% | 91.0% | 0.96 |
| CACI: CACI International Inc | 94.0% | 62.0% | 0.79 |
| EXLS: ExlService Holdings, Inc. | 99.0% | 109% | 0.90 |
| [CRM](https://easycompare.io/research/crm): Salesforce, Inc. | 115% | 143% | 1.16 |
| [SAP](https://easycompare.io/research/sap): SAP SE | 112% | 152% | 1.10 |
| [IBM](https://easycompare.io/research/ibm): International Business Machines Corporation | 89.0% | 121% | 0.95 |
| SAIC: Science Applications International Corporation | 44.0% | 36.0% | 0.59 |
| [AMZN](https://easycompare.io/research/amzn): Amazon.com, Inc. | 134% | 139% | 1.31 |
| G: Genpact Limited | 90.0% | 146% | 0.99 |
| CTSH: Cognizant Technology Solutions Corporation | 89.0% | 152% | 0.99 |
| BAH: Booz Allen Hamilton Holding Corporation | 65.0% | 63.0% | 0.54 |
| LDOS: Leidos Holdings, Inc. | 78.0% | 73.0% | 0.73 |
| [ORCL](https://easycompare.io/research/orcl): Oracle Corporation | 131% | 159% | 1.30 |
| WIT: Wipro Limited | 62.0% | 122% | 0.82 |
| DXC: DXC Technology Company | 99.0% | 276% | 1.59 |
| EPAM: EPAM Systems, Inc. | 156% | 263% | 1.41 |
| GLOB: Globant S.A. | 91.0% | 188% | 1.16 |

### 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).

- Moving a fifth of the money in INFY into LVHI would have cut the portfolio's volatility by 18% over the past 5 years and raised its annual return (-11.1% for INFY alone, -5.5% for the mix).
- MCK made money in seven of the nine calendar years in which INFY lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of INFY over the past 5 years, with correlations of 0.26 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with INFY | 5Y return | Volatility | Sharpe | Rose in INFY's 9 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.26 | +119% | 11.1% | 1.48 | 2 of 9 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.17 | +225% | 19.1% | 1.34 | 4 of 9 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.26 | +101% | 14.5% | 1.04 | 3 of 9 |
| HDV: iShares Core High Dividend ETF | 0.37 | +83.3% | 13.0% | 1.00 | 4 of 9 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.21 | +323% | 36.9% | 0.97 | 5 of 9 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.33 | +85.0% | 13.8% | 0.96 | 3 of 9 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.10 | +126% | 18.9% | 0.96 | 6 of 9 |
| FFLC: Fidelity Fundamental Large Cap Core ETF | 0.42 | +107% | 16.8% | 0.95 | 1 of 9 |

## 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.

## More research

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- [Schwab U.S. Dividend Equity ETF (SCHD) Performance, Alternatives and Market Rank](https://easycompare.io/research/schd)
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- [Apple (AAPL) Performance, Alternatives and Market Rank](https://easycompare.io/research/aapl)
- [Alphabet (GOOG) Performance, Alternatives and Market Rank](https://easycompare.io/research/goog)
- [Vanguard Morningstar Total Stock Market ETF (VTI) Performance, Alternatives and Market Rank](https://easycompare.io/research/vti)

## Explore further

- Full page with charts: https://easycompare.io/research/infy
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against INFY live: https://betterthanspy.com/?b=INFY&utm_source=easycompare&utm_medium=research