AXISBANK.NS vs. COFORGE.NS

Last updated Jun 5, 2026

AXISBANK.NS (Axis Bank Limited) and COFORGE.NS (Coforge Limited) are both stocks. AXISBANK.NS operates in Banks - Regional (Financial Services), while COFORGE.NS operates in Information Technology Services (Technology). Over the past 10 years, AXISBANK.NS returned 9.20%/yr vs 30.50%/yr for COFORGE.NS. At a 0.19 correlation, their price movements are largely independent.

Performance

AXISBANK.NS vs. COFORGE.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Axis Bank Limited (AXISBANK.NS) and Coforge Limited (COFORGE.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AXISBANK.NS achieves a -1.27% return, which is significantly higher than COFORGE.NS's -13.51% return. Over the past 10 years, AXISBANK.NS has underperformed COFORGE.NS with an annualized return of 9.20%, while COFORGE.NS has yielded a comparatively higher 30.50% annualized return.

AXISBANK.NS

• 1D: -0.15%
• 1M: -0.51%
• YTD: -1.27%
• 6M: -2.09%
• 1Y: 7.12%
• 3Y*: 9.74%
• 5Y*: 11.14%
• 10Y*: 9.20%

COFORGE.NS

• 1D: 1.20%
• 1M: 22.99%
• YTD: -13.51%
• 6M: -26.78%
• 1Y: -16.08%
• 3Y*: 16.32%
• 5Y*: 14.50%
• 10Y*: 30.50%

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

AXISBANK.NS vs. COFORGE.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AXISBANK.NS Axis Bank Limited	-1.27%	19.33%	-3.34%	18.17%	37.82%	9.36%	-17.72%	21.80%	9.92%	26.57%
COFORGE.NS Coforge Limited	-13.51%	-13.61%	54.02%	62.23%	-34.00%	117.41%	70.13%	38.18%	77.79%	49.66%

Correlation

The correlation between AXISBANK.NS and COFORGE.NS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.16
Correlation (All Time) Calculated using the full available price history since Aug 31, 2004	0.19

Return for Risk

AXISBANK.NS vs. COFORGE.NS — Risk / Return Rank

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

AXISBANK.NS

AXISBANK.NS Risk / Return Rank: 49
AXISBANK.NS Sharpe Ratio Rank: 52
AXISBANK.NS Sortino Ratio Rank: 45
AXISBANK.NS Omega Ratio Rank: 45
AXISBANK.NS Calmar Ratio Rank: 51
AXISBANK.NS Martin Ratio Rank: 52

COFORGE.NS

COFORGE.NS Risk / Return Rank: 24
COFORGE.NS Sharpe Ratio Rank: 22
COFORGE.NS Sortino Ratio Rank: 22
COFORGE.NS Omega Ratio Rank: 22
COFORGE.NS Calmar Ratio Rank: 30
COFORGE.NS Martin Ratio Rank: 28

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.

AXISBANK.NS vs. COFORGE.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axis Bank Limited (AXISBANK.NS) and Coforge Limited (COFORGE.NS). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	AXISBANK.NS	COFORGE.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.31	-0.45	+0.76
Sortino ratio: Return per unit of downside risk	0.60	-0.42	+1.02
Omega ratio: Gain probability vs. loss probability	1.08	0.95	+0.13
Calmar ratio: Return relative to maximum drawdown	0.41	-0.36	+0.77
Martin ratio: Return relative to average drawdown	0.93	-0.74	+1.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AXISBANK.NS vs. COFORGE.NS - Sharpe Ratio Comparison

The current AXISBANK.NS Sharpe Ratio is 0.31, which is higher than the COFORGE.NS Sharpe Ratio of -0.45. The chart below compares the historical Sharpe Ratios of AXISBANK.NS and COFORGE.NS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AXISBANK.NS	COFORGE.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	-0.45	+0.76
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.41	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.77	-0.47
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.45	+0.11

Drawdowns

AXISBANK.NS vs. COFORGE.NS - Drawdown Comparison

The maximum AXISBANK.NS drawdown since its inception was -77.81%, smaller than the maximum COFORGE.NS drawdown of -89.46%. Use the drawdown chart below to compare losses from any high point for AXISBANK.NS and COFORGE.NS.

Drawdown Indicators

	AXISBANK.NS	COFORGE.NS	Difference
Max Drawdown Largest peak-to-trough decline	-77.81%	-89.46%	+11.65%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-45.27%	+28.04%
Max Drawdown (3Y) Largest decline over 3 years	-28.03%	-45.27%	+17.24%
Max Drawdown (5Y) Largest decline over 5 years	-28.03%	-47.24%	+19.21%
Max Drawdown (10Y) Largest decline over 10 years	-63.11%	-57.86%	-5.25%
Current Drawdown Current decline from peak	-10.67%	-27.02%	+16.35%
Average Drawdown Average peak-to-trough decline	-18.04%	-26.61%	+8.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.63%	21.82%	-14.19%

Volatility

AXISBANK.NS vs. COFORGE.NS - Volatility Comparison

The current volatility for Axis Bank Limited (AXISBANK.NS) is 5.02%, while Coforge Limited (COFORGE.NS) has a volatility of 15.95%. This indicates that AXISBANK.NS experiences smaller price fluctuations and is considered to be less risky than COFORGE.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXISBANK.NS	COFORGE.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	15.95%	-10.93%
Volatility (6M) Calculated over the trailing 6-month period	19.24%	29.07%	-9.83%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	36.46%	-13.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.06%	36.17%	-12.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.08%	40.58%	-8.50%

Dividends

AXISBANK.NS vs. COFORGE.NS - Dividend Comparison

AXISBANK.NS's dividend yield for the trailing twelve months is around 0.08%, less than COFORGE.NS's 0.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXISBANK.NS Axis Bank Limited	0.08%	0.08%	0.09%	0.09%	0.11%	0.00%	0.00%	0.13%	0.00%	0.89%	1.11%	1.02%
COFORGE.NS Coforge Limited	0.84%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both AXISBANK.NS and COFORGE.NS in my portfolio?

AXISBANK.NS and COFORGE.NS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.