HDB vs. BAJAJ-AUTO.NS

Last updated Jun 9, 2026

HDB (HDFC Bank Limited) and BAJAJ-AUTO.NS (Bajaj Auto Limited) are both stocks. HDB operates in Banks - Regional (Financial Services), while BAJAJ-AUTO.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 10 years, HDB returned 4.80%/yr vs 13.66%/yr for BAJAJ-AUTO.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

HDB vs. BAJAJ-AUTO.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in HDFC Bank Limited (HDB) and Bajaj Auto Limited (BAJAJ-AUTO.NS). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

HDB is traded in USD, while BAJAJ-AUTO.NS is traded in INR. To make them comparable, the BAJAJ-AUTO.NS values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, HDB achieves a -37.03% return, which is significantly lower than BAJAJ-AUTO.NS's 4.53% return. Over the past 10 years, HDB has underperformed BAJAJ-AUTO.NS with an annualized return of 4.80%, while BAJAJ-AUTO.NS has yielded a comparatively higher 13.66% annualized return.

HDB

• 1D: -1.71%
• 1M: -8.03%
• YTD: -37.03%
• 6M: -34.56%
• 1Y: -39.24%
• 3Y*: -9.46%
• 5Y*: -8.09%
• 10Y*: 4.80%

BAJAJ-AUTO.NS

• 1D: 0.00%
• 1M: -4.12%
• YTD: 4.53%
• 6M: 8.51%
• 1Y: 10.68%
• 3Y*: 26.26%
• 5Y*: 16.77%
• 10Y*: 13.66%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HDB HDFC Bank Limited	-37.03%	17.07%	-2.54%	0.16%	7.39%	-9.29%	14.03%	22.58%	2.44%	68.50%
BAJAJ-AUTO.NS Bajaj Auto Limited	4.53%	3.69%	26.91%	92.73%	3.92%	-4.33%	10.54%	16.71%	-23.69%	37.56%

Correlation

The correlation between HDB and BAJAJ-AUTO.NS is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.25
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Jul 6, 2007	0.27

Return for Risk

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

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

HDB

HDB Risk / Return Rank: 1
HDB Sharpe Ratio Rank: 0
HDB Sortino Ratio Rank: 1
HDB Omega Ratio Rank: 2
HDB Calmar Ratio Rank: 3
HDB Martin Ratio Rank: 1

BAJAJ-AUTO.NS

BAJAJ-AUTO.NS Risk / Return Rank: 72
BAJAJ-AUTO.NS Sharpe Ratio Rank: 74
BAJAJ-AUTO.NS Sortino Ratio Rank: 69
BAJAJ-AUTO.NS Omega Ratio Rank: 66
BAJAJ-AUTO.NS Calmar Ratio Rank: 73
BAJAJ-AUTO.NS Martin Ratio Rank: 77

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.

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

This table presents a comparison of risk-adjusted performance metrics for HDFC Bank Limited (HDB) and Bajaj Auto Limited (BAJAJ-AUTO.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.

	HDB	BAJAJ-AUTO.NS	Difference
Sharpe ratio: Return per unit of total volatility	-1.62	0.46	-2.08
Sortino ratio: Return per unit of downside risk	-2.51	0.84	-3.35
Omega ratio: Gain probability vs. loss probability	0.71	1.10	-0.39
Calmar ratio: Return relative to maximum drawdown	-0.96	0.67	-1.63
Martin ratio: Return relative to average drawdown	-2.02	1.85	-3.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current HDB Sharpe Ratio is -1.62, which is lower than the BAJAJ-AUTO.NS Sharpe Ratio of 0.46. The chart below compares the historical Sharpe Ratios of HDB and BAJAJ-AUTO.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

	HDB	BAJAJ-AUTO.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.62	0.46	-2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.30	0.69	-1.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.17	0.53	-0.36
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.49	-0.07

Drawdowns

HDB vs. BAJAJ-AUTO.NS - Drawdown Comparison

The maximum HDB drawdown since its inception was -67.93%, smaller than the maximum BAJAJ-AUTO.NS drawdown of -81.79%. Use the drawdown chart below to compare losses from any high point for HDB and BAJAJ-AUTO.NS.

Drawdown Indicators

	HDB	BAJAJ-AUTO.NS	Difference
Max Drawdown Largest peak-to-trough decline	-67.93%	-81.79%	+13.86%
Max Drawdown (1Y) Largest decline over 1 year	-40.98%	-16.18%	-24.80%
Max Drawdown (3Y) Largest decline over 3 years	-40.98%	-44.42%	+3.44%
Max Drawdown (5Y) Largest decline over 5 years	-40.98%	-44.42%	+3.44%
Max Drawdown (10Y) Largest decline over 10 years	-54.28%	-48.17%	-6.11%
Current Drawdown Current decline from peak	-40.98%	-26.35%	-14.63%
Average Drawdown Average peak-to-trough decline	-13.78%	-17.33%	+3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.48%	5.81%	+13.67%

Volatility

HDB vs. BAJAJ-AUTO.NS - Volatility Comparison

HDFC Bank Limited (HDB) has a higher volatility of 8.51% compared to Bajaj Auto Limited (BAJAJ-AUTO.NS) at 6.81%. This indicates that HDB's price experiences larger fluctuations and is considered to be riskier than BAJAJ-AUTO.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDB	BAJAJ-AUTO.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.51%	6.81%	+1.70%
Volatility (6M) Calculated over the trailing 6-month period	20.82%	18.86%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	24.41%	23.42%	+0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.81%	24.69%	+2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.07%	26.48%	+2.59%

Dividends

HDB vs. BAJAJ-AUTO.NS - Dividend Comparison

HDB's dividend yield for the trailing twelve months is around 3.69%, more than BAJAJ-AUTO.NS's 3.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAJAJ-AUTO.NS Bajaj Auto Limited	3.53%	2.25%	0.91%	2.06%	3.87%	4.31%	3.48%	1.88%	2.21%	1.65%	2.09%	1.97%
HDB HDFC Bank Limited	3.69%	2.32%	2.19%	2.06%	1.70%	0.81%	0.00%	0.17%	0.55%	0.49%	0.66%	0.58%

Financials

Frequently Asked Questions

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

HDB and BAJAJ-AUTO.NS have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.