BAJAJ-AUTO.NS vs. HINDPETRO.NS

Last updated Jun 5, 2026

BAJAJ-AUTO.NS (Bajaj Auto Limited) and HINDPETRO.NS (Hindustan Petroleum Corporation Limited) are both stocks. BAJAJ-AUTO.NS operates in Auto Manufacturers (Consumer Cyclical), while HINDPETRO.NS operates in Oil & Gas Refining & Marketing (Energy). Over the past 10 years, BAJAJ-AUTO.NS returned 17.67%/yr vs 19.71%/yr for HINDPETRO.NS. At a 0.18 correlation, their price movements are largely independent.

Performance

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Bajaj Auto Limited (BAJAJ-AUTO.NS) and Hindustan Petroleum Corporation Limited (HINDPETRO.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BAJAJ-AUTO.NS achieves a 12.38% return, which is significantly higher than HINDPETRO.NS's -22.45% return. Over the past 10 years, BAJAJ-AUTO.NS has underperformed HINDPETRO.NS with an annualized return of 17.67%, while HINDPETRO.NS has yielded a comparatively higher 19.71% annualized return.

BAJAJ-AUTO.NS

• 1D: 1.16%
• 1M: 4.37%
• YTD: 12.38%
• 6M: 15.72%
• 1Y: 25.63%
• 3Y*: 33.44%
• 5Y*: 23.16%
• 10Y*: 17.67%

HINDPETRO.NS

• 1D: 0.76%
• 1M: 3.50%
• YTD: -22.45%
• 6M: -13.61%
• 1Y: -1.31%
• 3Y*: 36.10%
• 5Y*: 21.48%
• 10Y*: 19.71%

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

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BAJAJ-AUTO.NS Bajaj Auto Limited	12.38%	8.82%	30.23%	93.71%	15.79%	-2.09%	12.86%	19.31%	-16.54%	29.05%
HINDPETRO.NS Hindustan Petroleum Corporation Limited	-22.45%	26.60%	65.11%	69.63%	-12.60%	50.98%	-11.81%	14.04%	-35.06%	62.32%

Correlation

The correlation between BAJAJ-AUTO.NS and HINDPETRO.NS is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (10Y) Calculated over the trailing 10-year period	0.20
Correlation (All Time) Calculated using the full available price history since May 27, 2008	0.18

The correlation between BAJAJ-AUTO.NS and HINDPETRO.NS shifts across timeframes, from 0.18 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BAJAJ-AUTO.NS vs. HINDPETRO.NS — Risk / Return Rank

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

BAJAJ-AUTO.NS

BAJAJ-AUTO.NS Risk / Return Rank: 73
BAJAJ-AUTO.NS Sharpe Ratio Rank: 76
BAJAJ-AUTO.NS Sortino Ratio Rank: 72
BAJAJ-AUTO.NS Omega Ratio Rank: 67
BAJAJ-AUTO.NS Calmar Ratio Rank: 74
BAJAJ-AUTO.NS Martin Ratio Rank: 77

HINDPETRO.NS

HINDPETRO.NS Risk / Return Rank: 38
HINDPETRO.NS Sharpe Ratio Rank: 40
HINDPETRO.NS Sortino Ratio Rank: 35
HINDPETRO.NS Omega Ratio Rank: 35
HINDPETRO.NS Calmar Ratio Rank: 40
HINDPETRO.NS Martin Ratio Rank: 39

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.

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bajaj Auto Limited (BAJAJ-AUTO.NS) and Hindustan Petroleum Corporation Limited (HINDPETRO.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.

	BAJAJ-AUTO.NS	HINDPETRO.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.18	-0.04	+1.22
Sortino ratio: Return per unit of downside risk	1.81	0.20	+1.62
Omega ratio: Gain probability vs. loss probability	1.21	1.02	+0.19
Calmar ratio: Return relative to maximum drawdown	1.92	-0.04	+1.96
Martin ratio: Return relative to average drawdown	5.46	-0.09	+5.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Sharpe Ratio Comparison

The current BAJAJ-AUTO.NS Sharpe Ratio is 1.18, which is higher than the HINDPETRO.NS Sharpe Ratio of -0.04. The chart below compares the historical Sharpe Ratios of BAJAJ-AUTO.NS and HINDPETRO.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

	BAJAJ-AUTO.NS	HINDPETRO.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.18	-0.04	+1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.99	0.61	+0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.52	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.64	+0.21

Drawdowns

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Drawdown Comparison

The maximum BAJAJ-AUTO.NS drawdown since its inception was -52.38%, smaller than the maximum HINDPETRO.NS drawdown of -73.97%. Use the drawdown chart below to compare losses from any high point for BAJAJ-AUTO.NS and HINDPETRO.NS.

Drawdown Indicators

	BAJAJ-AUTO.NS	HINDPETRO.NS	Difference
Max Drawdown Largest peak-to-trough decline	-52.38%	-73.97%	+21.59%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-36.05%	+22.42%
Max Drawdown (3Y) Largest decline over 3 years	-42.12%	-36.05%	-6.07%
Max Drawdown (5Y) Largest decline over 5 years	-42.12%	-40.40%	-1.72%
Max Drawdown (10Y) Largest decline over 10 years	-42.12%	-63.71%	+21.59%
Current Drawdown Current decline from peak	-14.83%	-22.45%	+7.62%
Average Drawdown Average peak-to-trough decline	-10.75%	-21.89%	+11.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.05%	14.55%	-9.50%

Volatility

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Volatility Comparison

The current volatility for Bajaj Auto Limited (BAJAJ-AUTO.NS) is 7.00%, while Hindustan Petroleum Corporation Limited (HINDPETRO.NS) has a volatility of 11.03%. This indicates that BAJAJ-AUTO.NS experiences smaller price fluctuations and is considered to be less risky than HINDPETRO.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAJAJ-AUTO.NS	HINDPETRO.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.00%	11.03%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	17.84%	28.72%	-10.88%
Volatility (1Y) Calculated over the trailing 1-year period	22.22%	33.89%	-11.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.87%	35.62%	-11.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.43%	39.01%	-13.58%

Dividends

BAJAJ-AUTO.NS vs. HINDPETRO.NS - Dividend Comparison

BAJAJ-AUTO.NS's dividend yield for the trailing twelve months is around 3.47%, less than HINDPETRO.NS's 4.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAJAJ-AUTO.NS Bajaj Auto Limited	3.47%	2.25%	0.91%	2.05%	3.86%	4.31%	3.49%	1.89%	2.20%	1.65%	2.09%	1.97%
HINDPETRO.NS Hindustan Petroleum Corporation Limited	4.01%	3.11%	6.36%	0.00%	8.93%	11.67%	6.71%	9.02%	10.07%	10.95%	17.59%	19.78%

Financials

Frequently Asked Questions

Can I hold both BAJAJ-AUTO.NS and HINDPETRO.NS in my portfolio?

BAJAJ-AUTO.NS and HINDPETRO.NS have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.