AXISBANK.NS vs. HDFCBANK.NS

Last updated Jun 5, 2026

AXISBANK.NS (Axis Bank Limited) and HDFCBANK.NS (HDFC Bank Limited) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, AXISBANK.NS returned 9.20%/yr vs 10.85%/yr for HDFCBANK.NS. At a 0.37 correlation, their price movements are largely independent.

Performance

AXISBANK.NS vs. HDFCBANK.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Axis Bank Limited (AXISBANK.NS) and HDFC Bank Limited (HDFCBANK.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 HDFCBANK.NS's -24.04% return. Over the past 10 years, AXISBANK.NS has underperformed HDFCBANK.NS with an annualized return of 9.20%, while HDFCBANK.NS has yielded a comparatively higher 10.85% 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%

HDFCBANK.NS

• 1D: 0.16%
• 1M: -2.46%
• YTD: -24.04%
• 6M: -24.47%
• 1Y: -21.17%
• 3Y*: -1.14%
• 5Y*: 1.15%
• 10Y*: 10.85%

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

AXISBANK.NS vs. HDFCBANK.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%
HDFCBANK.NS HDFC Bank Limited	-24.04%	13.58%	5.12%	6.03%	11.34%	3.40%	12.78%	21.24%	14.11%	56.61%

Correlation

The correlation between AXISBANK.NS and HDFCBANK.NS is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (10Y) Calculated over the trailing 10-year period	0.38
Correlation (All Time) Calculated using the full available price history since Nov 30, 1998	0.37

Return for Risk

AXISBANK.NS vs. HDFCBANK.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

HDFCBANK.NS

HDFCBANK.NS Risk / Return Rank: 6
HDFCBANK.NS Sharpe Ratio Rank: 3
HDFCBANK.NS Sortino Ratio Rank: 5
HDFCBANK.NS Omega Ratio Rank: 6
HDFCBANK.NS Calmar Ratio Rank: 12
HDFCBANK.NS Martin Ratio Rank: 2

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. HDFCBANK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Axis Bank Limited (AXISBANK.NS) and HDFC Bank Limited (HDFCBANK.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	HDFCBANK.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.31	-1.13	+1.44
Sortino ratio: Return per unit of downside risk	0.60	-1.59	+2.20
Omega ratio: Gain probability vs. loss probability	1.08	0.81	+0.26
Calmar ratio: Return relative to maximum drawdown	0.41	-0.79	+1.20
Martin ratio: Return relative to average drawdown	0.93	-1.81	+2.74
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. HDFCBANK.NS - Sharpe Ratio Comparison

The current AXISBANK.NS Sharpe Ratio is 0.31, which is higher than the HDFCBANK.NS Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of AXISBANK.NS and HDFCBANK.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	HDFCBANK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	-1.13	+1.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	0.06	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	0.49	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.66	-0.09

Drawdowns

AXISBANK.NS vs. HDFCBANK.NS - Drawdown Comparison

The maximum AXISBANK.NS drawdown since its inception was -77.81%, which is greater than HDFCBANK.NS's maximum drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for AXISBANK.NS and HDFCBANK.NS.

Drawdown Indicators

	AXISBANK.NS	HDFCBANK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-77.81%	-55.50%	-22.31%
Max Drawdown (1Y) Largest decline over 1 year	-17.23%	-27.44%	+10.21%
Max Drawdown (3Y) Largest decline over 3 years	-28.03%	-27.44%	-0.59%
Max Drawdown (5Y) Largest decline over 5 years	-28.03%	-27.44%	-0.59%
Max Drawdown (10Y) Largest decline over 10 years	-63.11%	-40.47%	-22.64%
Current Drawdown Current decline from peak	-10.67%	-25.54%	+14.87%
Average Drawdown Average peak-to-trough decline	-18.04%	-10.45%	-7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.63%	11.77%	-4.14%

Volatility

AXISBANK.NS vs. HDFCBANK.NS - Volatility Comparison

The current volatility for Axis Bank Limited (AXISBANK.NS) is 5.02%, while HDFC Bank Limited (HDFCBANK.NS) has a volatility of 6.96%. This indicates that AXISBANK.NS experiences smaller price fluctuations and is considered to be less risky than HDFCBANK.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AXISBANK.NS	HDFCBANK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.02%	6.96%	-1.94%
Volatility (6M) Calculated over the trailing 6-month period	19.24%	16.88%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.04%	19.10%	+3.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.06%	20.43%	+3.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.08%	22.38%	+9.70%

Dividends

AXISBANK.NS vs. HDFCBANK.NS - Dividend Comparison

AXISBANK.NS's dividend yield for the trailing twelve months is around 0.08%, less than HDFCBANK.NS's 1.79% 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%
HDFCBANK.NS HDFC Bank Limited	1.79%	1.36%	1.10%	1.11%	0.95%	0.44%	0.00%	0.78%	0.61%	0.59%	0.79%	0.74%

Financials

Frequently Asked Questions

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

AXISBANK.NS and HDFCBANK.NS have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.