HDB vs. IXC
HDB (HDFC Bank Limited) is a stock, while IXC (iShares Global Energy ETF) is Energy Equities fund tracking the S&P Global Energy Sector Index. Over the past 10 years, HDB returned 4.93%/yr vs 10.29%/yr for IXC. At a 0.35 correlation, their price movements are largely independent.
Performance
HDB vs. IXC - Performance Comparison
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Returns By Period
In the year-to-date period, HDB achieves a -35.55% return, which is significantly lower than IXC's 32.22% return. Over the past 10 years, HDB has underperformed IXC with an annualized return of 4.93%, while IXC has yielded a comparatively higher 10.29% annualized return.
HDB
- 1D
- 0.04%
- 1M
- -5.23%
- YTD
- -35.55%
- 6M
- -34.35%
- 1Y
- -35.64%
- 3Y*
- -8.68%
- 5Y*
- -7.57%
- 10Y*
- 4.93%
IXC
- 1D
- 0.87%
- 1M
- -1.75%
- YTD
- 32.22%
- 6M
- 30.00%
- 1Y
- 48.10%
- 3Y*
- 18.84%
- 5Y*
- 19.64%
- 10Y*
- 10.29%
HDB vs. IXC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | -35.55% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
IXC iShares Global Energy ETF | 32.22% | 13.98% | 1.95% | 3.92% | 48.51% | 40.88% | -31.00% | 12.67% | -14.85% | 5.54% |
Correlation
The correlation between HDB and IXC is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2001 | 0.35 |
The correlation between HDB and IXC shifts across timeframes, from -0.13 (1 year) to 0.35 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
HDB vs. IXC — Risk / Return Rank
HDB
IXC
HDB vs. IXC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HDFC Bank Limited (HDB) and iShares Global Energy ETF (IXC). 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 | IXC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.05 | ||
| Sortino ratioReturn per unit of downside risk | -5.49 | ||
| Omega ratioGain probability vs. loss probability | 0.73 | 1.42 | -0.69 |
| Calmar ratioReturn relative to maximum drawdown | -0.90 | 5.00 | -5.90 |
| Martin ratioReturn relative to average drawdown | -1.88 | 15.10 | -16.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDB | IXC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.47 | 2.58 | -4.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.28 | 0.84 | -1.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.17 | 0.38 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.32 | +0.10 |
Drawdowns
HDB vs. IXC - Drawdown Comparison
The maximum HDB drawdown since its inception was -67.93%, roughly equal to the maximum IXC drawdown of -67.88%. Use the drawdown chart below to compare losses from any high point for HDB and IXC.
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Drawdown Indicators
| HDB | IXC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -67.88% | -0.05% |
Max Drawdown (1Y)Largest decline over 1 year | -39.62% | -9.66% | -29.96% |
Max Drawdown (3Y)Largest decline over 3 years | -39.62% | -19.06% | -20.56% |
Max Drawdown (5Y)Largest decline over 5 years | -39.62% | -24.93% | -14.69% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | -64.16% | +9.88% |
Current DrawdownCurrent decline from peak | -39.59% | -4.84% | -34.75% |
Average DrawdownAverage peak-to-trough decline | -13.77% | -17.48% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.99% | 3.20% | +15.79% |
Volatility
HDB vs. IXC - Volatility Comparison
HDFC Bank Limited (HDB) has a higher volatility of 8.54% compared to iShares Global Energy ETF (IXC) at 7.50%. This indicates that HDB's price experiences larger fluctuations and is considered to be riskier than IXC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDB | IXC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 7.50% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 20.58% | 15.42% | +5.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.27% | 18.75% | +5.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.76% | 23.50% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.05% | 26.85% | +2.20% |
Dividends
HDB vs. IXC - Dividend Comparison
HDB's dividend yield for the trailing twelve months is around 3.60%, more than IXC's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 3.60% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
IXC iShares Global Energy ETF | 2.79% | 3.68% | 4.56% | 3.45% | 4.76% | 3.98% | 4.86% | 7.00% | 3.51% | 3.05% | 2.86% | 3.77% |
Frequently Asked Questions
HDB and IXC have a correlation of -0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (8.54%) compared to IXC (7.50%). In terms of maximum drawdown, HDB dropped -67.93% vs IXC's -67.88%.
IXC currently has the higher Sharpe Ratio (2.58 vs -1.47), 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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