HDFCAMC.NS vs. POLYCAB.NS

Last updated Jul 21, 2026

HDFCAMC.NS (HDFC Asset Management Company Limited) and POLYCAB.NS (Polycab India Limited) are both stocks. HDFCAMC.NS operates in Asset Management (Financial Services), while POLYCAB.NS operates in Electrical Equipment & Parts (Industrials). Over the past 5 years, HDFCAMC.NS returned 15.33%/yr vs 35.62%/yr for POLYCAB.NS. At a 0.30 correlation, their price movements are largely independent.

Performance

HDFCAMC.NS vs. POLYCAB.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in HDFC Asset Management Company Limited (HDFCAMC.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, HDFCAMC.NS achieves a 1.14% return, which is significantly lower than POLYCAB.NS's 17.17% return.

HDFCAMC.NS

• 1D: -0.24%
• 1M: -2.73%
• 6M: 4.77%
• YTD: 1.14%
• 1Y: -3.30%
• 3Y*: 30.89%
• 5Y*: 15.33%
• 10Y*: —
• ALL TIME*: 17.18%

POLYCAB.NS

• 1D: 0.26%
• 1M: -11.88%
• 6M: 20.34%
• YTD: 17.17%
• 1Y: 28.89%
• 3Y*: 25.28%
• 5Y*: 35.62%
• 10Y*: —
• ALL TIME*: 44.77%

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
HDFCAMC.NS HDFC Asset Management Company Limited	1.14%	29.66%	33.34%	50.54%	-8.80%	-15.20%	-7.79%	103.41%
POLYCAB.NS Polycab India Limited	17.17%	5.35%	33.20%	114.71%	4.87%	139.11%	5.23%	57.56%

Correlation

The correlation between HDFCAMC.NS and POLYCAB.NS is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (5Y) Calculated over the trailing 5-year period	0.33
Correlation (All Time) Calculated using the full available price history since Apr 16, 2019	0.30

Return for Risk

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

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

HDFCAMC.NS

HDFCAMC.NS Risk / Return Rank: 38
HDFCAMC.NS Sharpe Ratio Rank: 41
HDFCAMC.NS Sortino Ratio Rank: 35
HDFCAMC.NS Omega Ratio Rank: 35
HDFCAMC.NS Calmar Ratio Rank: 40
HDFCAMC.NS Martin Ratio Rank: 39

POLYCAB.NS

POLYCAB.NS Risk / Return Rank: 74
POLYCAB.NS Sharpe Ratio Rank: 76
POLYCAB.NS Sortino Ratio Rank: 72
POLYCAB.NS Omega Ratio Rank: 70
POLYCAB.NS Calmar Ratio Rank: 73
POLYCAB.NS Martin Ratio Rank: 78

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.

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

This table presents a comparison of risk-adjusted performance metrics for HDFC Asset Management Company Limited (HDFCAMC.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.

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.

	HDFCAMC.NS	POLYCAB.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.11	1.00	-1.11
Sortino ratio: Return per unit of downside risk	0.07	1.54	-1.47
Omega ratio: Gain probability vs. loss probability	1.01	1.19	-0.18
Calmar ratio: Return relative to maximum drawdown	-0.14	1.41	-1.55
Martin ratio: Return relative to average drawdown	-0.35	4.50	-4.85

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

The current HDFCAMC.NS Sharpe Ratio is -0.11, which is lower than the POLYCAB.NS Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of HDFCAMC.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.

Drawdowns

HDFCAMC.NS vs. POLYCAB.NS - Drawdown Comparison

The maximum HDFCAMC.NS drawdown since its inception was -53.81%, 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 HDFCAMC.NS and POLYCAB.NS.

Drawdown Indicators

	HDFCAMC.NS	POLYCAB.NS	Difference
Max Drawdown Largest peak-to-trough decline	-53.81%	-49.83%	-3.98%
Max Drawdown (1Y) Largest decline over 1 year	-24.77%	-21.08%	-3.69%
Max Drawdown (3Y) Largest decline over 3 years	-24.85%	-37.95%	+13.10%
Max Drawdown (5Y) Largest decline over 5 years	-48.45%	-37.95%	-10.50%
Current Drawdown Current decline from peak	-8.26%	-11.88%	+3.62%
Average Drawdown Average peak-to-trough decline	-21.56%	-9.65%	-11.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.64%	6.53%	+3.11%

Volatility

HDFCAMC.NS vs. POLYCAB.NS - Volatility Comparison

HDFC Asset Management Company Limited (HDFCAMC.NS) has a higher volatility of 10.30% compared to Polycab India Limited (POLYCAB.NS) at 8.31%. This indicates that HDFCAMC.NS's price experiences larger fluctuations and is considered to be riskier than POLYCAB.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDFCAMC.NS	POLYCAB.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.30%	8.31%	+1.99%
Volatility (6M) Calculated over the trailing 6-month period	26.78%	25.26%	+1.52%
Volatility (1Y) Calculated over the trailing 1-year period	31.63%	29.77%	+1.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.30%	33.71%	-3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.20%	35.64%	-3.44%

Dividends

HDFCAMC.NS vs. POLYCAB.NS - Dividend Comparison

HDFCAMC.NS's dividend yield for the trailing twelve months is around 2.04%, more than POLYCAB.NS's 0.53% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HDFCAMC.NS HDFC Asset Management Company Limited	2.04%	1.68%	1.67%	1.50%	1.93%	1.39%	0.96%	0.75%
POLYCAB.NS Polycab India Limited	0.53%	0.46%	0.41%	0.36%	0.54%	0.41%	0.68%	0.30%

Financials

Frequently Asked Questions

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

HDFCAMC.NS and POLYCAB.NS have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.