ABB.NS vs. 298040.KS

Last updated Jun 5, 2026

ABB.NS (ABB India Limited) and 298040.KS (Hyosung Heavy Industries Corp) are both stocks. Both operate in the Specialty Industrial Machinery industry within the Industrials sector. Over the past 5 years, ABB.NS returned 34.77%/yr vs 68.89%/yr for 298040.KS. At a 0.07 correlation, their price movements are largely independent.

Performance

ABB.NS vs. 298040.KS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in ABB India Limited (ABB.NS) and Hyosung Heavy Industries Corp (298040.KS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ABB.NS is traded in INR, while 298040.KS is traded in KRW. To make them comparable, the 298040.KS values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ABB.NS achieves a 39.05% return, which is significantly higher than 298040.KS's -0.02% return.

ABB.NS

• 1D: -0.54%
• 1M: -2.48%
• YTD: 39.05%
• 6M: 39.09%
• 1Y: 19.29%
• 3Y*: 21.74%
• 5Y*: 34.77%
• 10Y*: 21.21%

298040.KS

• 1D: -0.79%
• 1M: -3.25%
• YTD: -0.02%
• 6M: 3.22%
• 1Y: 53.85%
• 3Y*: 126.20%
• 5Y*: 68.89%
• 10Y*: —

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

ABB.NS vs. 298040.KS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
ABB.NS ABB India Limited	39.05%	-24.67%	48.77%	74.99%	19.86%	85.56%	-5.55%	8.43%	9.34%
298040.KS Hyosung Heavy Industries Corp	-0.02%	174.50%	122.28%	106.54%	40.19%	-13.04%	155.39%	-36.45%	-23.35%

Correlation

The correlation between ABB.NS and 298040.KS is -0.11, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.01
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jul 16, 2018	0.07

The correlation between ABB.NS and 298040.KS shifts across timeframes, from -0.11 (1 year) to 0.07 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ABB.NS vs. 298040.KS — Risk / Return Rank

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

ABB.NS

ABB.NS Risk / Return Rank: 59
ABB.NS Sharpe Ratio Rank: 64
ABB.NS Sortino Ratio Rank: 58
ABB.NS Omega Ratio Rank: 58
ABB.NS Calmar Ratio Rank: 59
ABB.NS Martin Ratio Rank: 57

298040.KS

298040.KS Risk / Return Rank: 98
298040.KS Sharpe Ratio Rank: 94
298040.KS Sortino Ratio Rank: 100
298040.KS Omega Ratio Rank: 100
298040.KS Calmar Ratio Rank: 98
298040.KS Martin Ratio Rank: 100

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.

ABB.NS vs. 298040.KS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ABB India Limited (ABB.NS) and Hyosung Heavy Industries Corp (298040.KS). 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.

	ABB.NS	298040.KS	Difference
Sharpe ratio: Return per unit of total volatility	0.69	2.50	-1.82
Sortino ratio: Return per unit of downside risk	1.14	5.40	-4.26
Omega ratio: Gain probability vs. loss probability	1.15	1.68	-0.52
Calmar ratio: Return relative to maximum drawdown	0.81	9.66	-8.85
Martin ratio: Return relative to average drawdown	1.49	21.50	-20.01
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABB.NS vs. 298040.KS - Sharpe Ratio Comparison

The current ABB.NS Sharpe Ratio is 0.69, which is lower than the 298040.KS Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of ABB.NS and 298040.KS, 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

	ABB.NS	298040.KS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.69	2.50	-1.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.06	1.31	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.83	-0.42

Drawdowns

ABB.NS vs. 298040.KS - Drawdown Comparison

The maximum ABB.NS drawdown since its inception was -78.59%, smaller than the maximum 298040.KS drawdown of -87.22%. Use the drawdown chart below to compare losses from any high point for ABB.NS and 298040.KS.

Drawdown Indicators

	ABB.NS	298040.KS	Difference
Max Drawdown Largest peak-to-trough decline	-78.59%	-87.22%	+8.63%
Max Drawdown (1Y) Largest decline over 1 year	-24.45%	-5.83%	-18.62%
Max Drawdown (3Y) Largest decline over 3 years	-47.54%	-43.52%	-4.02%
Max Drawdown (5Y) Largest decline over 5 years	-47.54%	-47.61%	+0.07%
Max Drawdown (10Y) Largest decline over 10 years	-52.08%	—	—
Current Drawdown Current decline from peak	-19.69%	-4.75%	-14.94%
Average Drawdown Average peak-to-trough decline	-30.09%	-24.30%	-5.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.12%	2.58%	+10.54%

Volatility

ABB.NS vs. 298040.KS - Volatility Comparison

ABB India Limited (ABB.NS) has a higher volatility of 13.97% compared to Hyosung Heavy Industries Corp (298040.KS) at 4.05%. This indicates that ABB.NS's price experiences larger fluctuations and is considered to be riskier than 298040.KS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABB.NS	298040.KS	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.97%	4.05%	+9.92%
Volatility (6M) Calculated over the trailing 6-month period	24.82%	8.44%	+16.38%
Volatility (1Y) Calculated over the trailing 1-year period	28.65%	22.74%	+5.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.35%	54.76%	-21.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.78%	56.65%	-24.87%

Dividends

ABB.NS vs. 298040.KS - Dividend Comparison

ABB.NS's dividend yield for the trailing twelve months is around 0.55%, less than 298040.KS's 0.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
298040.KS Hyosung Heavy Industries Corp	0.75%	0.75%	1.27%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ABB.NS ABB India Limited	0.55%	0.84%	0.50%	0.24%	0.19%	0.22%	0.40%	0.37%	0.37%	0.32%	0.39%	0.37%

Financials

Frequently Asked Questions

Can I hold both ABB.NS and 298040.KS in my portfolio?

ABB.NS and 298040.KS have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.