HDB vs. RDY
HDB (HDFC Bank Limited) and RDY (Dr. Reddy's Laboratories Limited) are both stocks. HDB operates in Banks - Regional (Financial Services), while RDY operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past 10 years, HDB returned 5.46%/yr vs 4.69%/yr for RDY. At a 0.32 correlation, their price movements are largely independent.
Performance
HDB vs. RDY - Performance Comparison
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Returns By Period
In the year-to-date period, HDB achieves a -33.85% return, which is significantly lower than RDY's -5.27% return. Over the past 10 years, HDB has outperformed RDY with an annualized return of 5.46%, while RDY has yielded a comparatively lower 4.69% annualized return.
HDB
- 1D
- 1.51%
- 1M
- -2.70%
- YTD
- -33.85%
- 6M
- -32.66%
- 1Y
- -33.11%
- 3Y*
- -7.62%
- 5Y*
- -7.24%
- 10Y*
- 5.46%
RDY
- 1D
- -0.45%
- 1M
- -1.41%
- YTD
- -5.27%
- 6M
- -5.14%
- 1Y
- -15.30%
- 3Y*
- 5.74%
- 5Y*
- -1.12%
- 10Y*
- 4.69%
HDB vs. RDY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | -33.85% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
RDY Dr. Reddy's Laboratories Limited | -5.27% | -10.53% | 14.13% | 36.47% | -19.74% | -7.33% | 76.80% | 8.45% | 0.37% | -16.46% |
Correlation
The correlation between HDB and RDY is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2001 | 0.32 |
Fundamentals
HDB:
$41.47B
RDY:
$11.10B
HDB:
₹179.48
RDY:
₹51.45
HDB:
12.89
RDY:
24.75
HDB:
0.19
RDY:
1.04
HDB:
1.98
RDY:
3.15
HDB:
0.69
RDY:
2.88
HDB:
₹5.00T
RDY:
₹337.10B
HDB:
₹2.86T
RDY:
₹177.79B
HDB:
₹1.03T
RDY:
₹74.65B
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Return for Risk
HDB vs. RDY — Risk / Return Rank
HDB
RDY
HDB vs. RDY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HDFC Bank Limited (HDB) and Dr. Reddy's Laboratories Limited (RDY). 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 | RDY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 0.88 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.84 | -0.01 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.52 | -0.22 |
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Drawdowns
HDB vs. RDY - Drawdown Comparison
The maximum HDB drawdown since its inception was -67.93%, which is greater than RDY's maximum drawdown of -60.62%. Use the drawdown chart below to compare losses from any high point for HDB and RDY.
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Drawdown Indicators
| HDB | RDY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.93% | -60.62% | -7.31% |
Max Drawdown (1Y)Largest decline over 1 year | -40.98% | -20.65% | -20.33% |
Max Drawdown (3Y)Largest decline over 3 years | -40.98% | -26.61% | -14.37% |
Max Drawdown (5Y)Largest decline over 5 years | -40.98% | -35.25% | -5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | -47.13% | -7.15% |
Current DrawdownCurrent decline from peak | -38.00% | -20.54% | -17.46% |
Average DrawdownAverage peak-to-trough decline | -13.80% | -21.92% | +8.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.09% | 13.31% | +6.78% |
Volatility
HDB vs. RDY - Volatility Comparison
HDFC Bank Limited (HDB) has a higher volatility of 8.37% compared to Dr. Reddy's Laboratories Limited (RDY) at 6.24%. This indicates that HDB's price experiences larger fluctuations and is considered to be riskier than RDY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDB | RDY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.37% | 6.24% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 21.09% | 17.41% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.57% | 23.20% | +1.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.84% | 23.26% | +3.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 26.58% | +2.49% |
Dividends
HDB vs. RDY - Dividend Comparison
HDB's dividend yield for the trailing twelve months is around 3.51%, more than RDY's 0.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 3.51% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
RDY Dr. Reddy's Laboratories Limited | 0.69% | 0.65% | 0.60% | 1.39% | 1.48% | 1.04% | 0.46% | 0.71% | 0.00% | 0.78% | 0.62% | 0.63% |
Financials
HDB vs. RDY - Financials Comparison
This section allows you to compare key financial metrics between HDFC Bank Limited and Dr. Reddy's Laboratories 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. RDY - Profitability Comparison
HDB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported a gross profit of 693.21B and revenue of 1.19T. Therefore, the gross margin over that period was 58.4%.
RDY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Dr. Reddy's Laboratories Limited reported a gross profit of 34.22B and revenue of 76.33B. Therefore, the gross margin over that period was 44.8%.
HDB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported an operating income of 281.02B and revenue of 1.19T, resulting in an operating margin of 23.7%.
RDY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Dr. Reddy's Laboratories Limited reported an operating income of 473.25M and revenue of 76.33B, resulting in an operating margin of 0.6%.
HDB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported a net income of 206.67B and revenue of 1.19T, resulting in a net margin of 17.4%.
RDY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Dr. Reddy's Laboratories Limited reported a net income of 2.24B and revenue of 76.33B, resulting in a net margin of 2.9%.
Frequently Asked Questions
HDB and RDY have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDB has higher volatility (8.37%) compared to RDY (6.24%). In terms of maximum drawdown, HDB dropped -67.93% vs RDY's -60.62%.
RDY currently has the higher Sharpe Ratio (-0.75 vs -1.42), 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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