BIOCON.NS vs. POLYCAB.NS

Last updated Jun 5, 2026

BIOCON.NS (Biocon Limited) and POLYCAB.NS (Polycab India Limited) are both stocks. BIOCON.NS operates in Biotechnology (Healthcare), while POLYCAB.NS operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, BIOCON.NS returned 1.77%/yr vs 42.35%/yr for POLYCAB.NS. At a 0.26 correlation, their price movements are largely independent.

Performance

BIOCON.NS vs. POLYCAB.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Biocon Limited (BIOCON.NS) and Polycab India Limited (POLYCAB.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIOCON.NS achieves a 5.62% return, which is significantly lower than POLYCAB.NS's 27.54% return.

BIOCON.NS

• 1D: 0.87%
• 1M: 9.31%
• YTD: 5.62%
• 6M: 5.96%
• 1Y: 26.02%
• 3Y*: 20.24%
• 5Y*: 1.77%
• 10Y*: 13.32%

POLYCAB.NS

• 1D: 1.53%
• 1M: 15.47%
• YTD: 27.54%
• 6M: 33.91%
• 1Y: 63.40%
• 3Y*: 40.04%
• 5Y*: 42.35%
• 10Y*: —

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

BIOCON.NS vs. POLYCAB.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BIOCON.NS Biocon Limited	5.62%	7.96%	46.55%	-4.10%	-28.08%	-21.65%	58.46%	-5.46%
POLYCAB.NS Polycab India Limited	27.54%	5.35%	33.20%	114.71%	4.87%	139.11%	5.23%	52.31%

Correlation

The correlation between BIOCON.NS and POLYCAB.NS is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.26

The correlation between BIOCON.NS and POLYCAB.NS shifts across timeframes, from 0.26 (all time) to 0.37 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

BIOCON.NS vs. POLYCAB.NS — Risk / Return Rank

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

BIOCON.NS

BIOCON.NS Risk / Return Rank: 65
BIOCON.NS Sharpe Ratio Rank: 70
BIOCON.NS Sortino Ratio Rank: 62
BIOCON.NS Omega Ratio Rank: 62
BIOCON.NS Calmar Ratio Rank: 65
BIOCON.NS Martin Ratio Rank: 65

POLYCAB.NS

POLYCAB.NS Risk / Return Rank: 87
POLYCAB.NS Sharpe Ratio Rank: 90
POLYCAB.NS Sortino Ratio Rank: 88
POLYCAB.NS Omega Ratio Rank: 87
POLYCAB.NS Calmar Ratio Rank: 83
POLYCAB.NS Martin Ratio Rank: 88

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.

BIOCON.NS vs. POLYCAB.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Biocon Limited (BIOCON.NS) and Polycab India Limited (POLYCAB.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.

	BIOCON.NS	POLYCAB.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.92	2.28	-1.36
Sortino ratio: Return per unit of downside risk	1.36	2.97	-1.60
Omega ratio: Gain probability vs. loss probability	1.17	1.38	-0.21
Calmar ratio: Return relative to maximum drawdown	1.23	3.12	-1.88
Martin ratio: Return relative to average drawdown	2.60	10.34	-7.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIOCON.NS vs. POLYCAB.NS - Sharpe Ratio Comparison

The current BIOCON.NS Sharpe Ratio is 0.92, which is lower than the POLYCAB.NS Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of BIOCON.NS and POLYCAB.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

	BIOCON.NS	POLYCAB.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.92	2.28	-1.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.06	1.28	-1.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.34	-0.99

Drawdowns

BIOCON.NS vs. POLYCAB.NS - Drawdown Comparison

The maximum BIOCON.NS drawdown since its inception was -73.67%, which is greater than POLYCAB.NS's maximum drawdown of -49.83%. Use the drawdown chart below to compare losses from any high point for BIOCON.NS and POLYCAB.NS.

Drawdown Indicators

	BIOCON.NS	POLYCAB.NS	Difference
Max Drawdown Largest peak-to-trough decline	-73.67%	-49.83%	-23.84%
Max Drawdown (1Y) Largest decline over 1 year	-19.34%	-21.08%	+1.74%
Max Drawdown (3Y) Largest decline over 3 years	-24.68%	-37.95%	+13.27%
Max Drawdown (5Y) Largest decline over 5 years	-52.04%	-37.95%	-14.09%
Max Drawdown (10Y) Largest decline over 10 years	-58.85%	—	—
Current Drawdown Current decline from peak	-13.09%	0.00%	-13.09%
Average Drawdown Average peak-to-trough decline	-25.18%	-9.73%	-15.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.16%	6.35%	+2.81%

Volatility

BIOCON.NS vs. POLYCAB.NS - Volatility Comparison

The current volatility for Biocon Limited (BIOCON.NS) is 6.93%, while Polycab India Limited (POLYCAB.NS) has a volatility of 8.42%. This indicates that BIOCON.NS experiences smaller price fluctuations and is considered to be less risky than POLYCAB.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIOCON.NS	POLYCAB.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.93%	8.42%	-1.49%
Volatility (6M) Calculated over the trailing 6-month period	18.15%	24.83%	-6.68%
Volatility (1Y) Calculated over the trailing 1-year period	25.98%	28.82%	-2.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.56%	33.68%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.60%	35.80%	-2.20%

Dividends

BIOCON.NS vs. POLYCAB.NS - Dividend Comparison

BIOCON.NS's dividend yield for the trailing twelve months is around 0.12%, less than POLYCAB.NS's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIOCON.NS Biocon Limited	0.12%	0.13%	0.14%	0.60%	0.19%	0.00%	0.00%	0.17%	0.16%	0.19%	0.53%	0.97%
POLYCAB.NS Polycab India Limited	0.36%	0.46%	0.41%	0.36%	0.54%	0.41%	0.68%	0.30%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both BIOCON.NS and POLYCAB.NS in my portfolio?

BIOCON.NS and POLYCAB.NS have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.