HDB vs. IBN
HDB (HDFC Bank Limited) and IBN (ICICI Bank Limited) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, HDB returned 4.59%/yr vs 16.99%/yr for IBN. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
HDB vs. IBN - Performance Comparison
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Returns By Period
In the year-to-date period, HDB achieves a -33.41% return, which is significantly lower than IBN's 0.64% return. Over the past 10 years, HDB has underperformed IBN with an annualized return of 4.59%, while IBN has yielded a comparatively higher 16.99% annualized return.
HDB
- 1D
- -0.87%
- 1M
- -7.14%
- 6M
- -24.85%
- YTD
- -33.41%
- 1Y
- -36.14%
- 3Y*
- -8.63%
- 5Y*
- -5.50%
- 10Y*
- 4.59%
- ALL TIME*
- 16.05%
IBN
- 1D
- -0.89%
- 1M
- 1.70%
- 6M
- 2.39%
- YTD
- 0.64%
- 1Y
- -10.17%
- 3Y*
- 7.84%
- 5Y*
- 10.70%
- 10Y*
- 16.99%
- ALL TIME*
- 11.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $285.75M | $237.51M | $226.15M | |
| $219.63M | $223.82M | $208.43M |
HDB vs. IBN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | -33.41% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
IBN ICICI Bank Limited | 0.64% | 0.57% | 26.32% | 9.80% | 11.27% | 33.57% | -1.52% | 47.01% | 6.25% | 44.03% |
Correlation
The correlation between HDB and IBN is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.61 |
The correlation between HDB and IBN has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
Fundamentals
HDB:
$122.75B
IBN:
$107.26B
HDB:
₹233.36
IBN:
₹155.03
HDB:
9.81
IBN:
18.51
HDB:
0.15
IBN:
0.88
HDB:
1.56
IBN:
3.47
HDB:
0.64
IBN:
2.73
HDB:
₹5.01T
IBN:
₹3.00T
HDB:
₹2.98T
IBN:
₹2.05T
HDB:
₹1.10T
IBN:
₹792.23B
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Return for Risk
HDB vs. IBN — Risk / Return Rank
HDB
IBN
HDB vs. IBN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HDFC Bank Limited (HDB) and ICICI Bank Limited (IBN). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HDB | IBN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.93 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.42 | -0.49 |
| Martin ratioReturn relative to average drawdown | -1.61 | -0.80 | -0.82 |
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Drawdowns
HDB vs. IBN - Drawdown Comparison
The maximum HDB drawdown since its inception was -67.93%, smaller than the maximum IBN drawdown of -86.09%. Use the drawdown chart below to compare losses from any high point for HDB and IBN.
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Drawdown Indicators
| HDB | IBN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -86.09% | +18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -39.61% | -24.51% | -15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -40.98% | -26.20% | -14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -26.24% | -14.74% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | -55.05% | +0.77% |
Current DrawdownCurrent decline from peak | -37.58% | -12.18% | -25.40% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -27.93% | +14.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.30% | 13.10% | +9.20% |
Volatility
HDB vs. IBN - Volatility Comparison
HDFC Bank Limited (HDB) has a higher volatility of 14.26% compared to ICICI Bank Limited (IBN) at 6.28%. This indicates that HDB's price experiences larger fluctuations and is considered to be riskier than IBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDB | IBN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.26% | 6.28% | +7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 24.47% | 17.21% | +7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.57% | 21.42% | +6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.29% | 23.57% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.37% | 31.40% | -2.03% |
Dividends
HDB vs. IBN - Dividend Comparison
HDB's dividend yield for the trailing twelve months is around 3.32%, more than IBN's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 3.32% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
IBN ICICI Bank Limited | 0.83% | 0.84% | 0.80% | 0.81% | 0.57% | 0.27% | 0.00% | 0.19% | 0.43% | 0.79% | 1.98% | 4.01% |
Financials
HDB vs. IBN - Financials Comparison
This section allows you to compare key financial metrics between HDFC Bank Limited and ICICI Bank Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
HDB vs. IBN - Profitability Comparison
HDB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, HDFC Bank Limited reported a gross profit of 821.66B and revenue of 1.34T. Therefore, the gross margin over that period was 61.4%.
IBN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, ICICI Bank Limited reported a gross profit of 370.69B and revenue of 614.29B. Therefore, the gross margin over that period was 60.3%.
HDB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, HDFC Bank Limited reported an operating income of 273.54B and revenue of 1.34T, resulting in an operating margin of 20.4%.
IBN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, ICICI Bank Limited reported an operating income of 213.74B and revenue of 614.29B, resulting in an operating margin of 34.8%.
HDB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, HDFC Bank Limited reported a net income of 193.59B and revenue of 1.34T, resulting in a net margin of 14.5%.
IBN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, ICICI Bank Limited reported a net income of 154.40B and revenue of 614.29B, resulting in a net margin of 25.1%.
Frequently Asked Questions
HDB and IBN have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (14.26%) compared to IBN (6.28%). In terms of maximum drawdown, HDB dropped -67.93% vs IBN's -86.09%.
IBN currently has the higher Sharpe Ratio (-0.48 vs -1.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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