IBN vs. HDB
IBN (ICICI Bank Limited) and HDB (HDFC Bank Limited) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, IBN returned 16.99%/yr vs 4.59%/yr for HDB. Their 0.61 correlation means they have sometimes moved together and sometimes differently.
Performance
IBN vs. HDB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, IBN achieves a 0.64% return, which is significantly higher than HDB's -33.41% return. Over the past 10 years, IBN has outperformed HDB with an annualized return of 16.99%, while HDB has yielded a comparatively lower 4.59% annualized return.
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%
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%
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 |
IBN vs. HDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBN ICICI Bank Limited | 0.64% | 0.57% | 26.32% | 9.80% | 11.27% | 33.57% | -1.52% | 47.01% | 6.25% | 44.03% |
HDB HDFC Bank Limited | -33.41% | 17.07% | -2.54% | 0.16% | 7.39% | -9.29% | 14.03% | 22.58% | 2.44% | 68.50% |
Correlation
The correlation between IBN and HDB 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 IBN and HDB has been stable across timeframes, ranging from 0.59 to 0.66 - a consistent structural relationship.
Fundamentals
IBN:
$107.26B
HDB:
$122.75B
IBN:
₹155.03
HDB:
₹233.36
IBN:
18.51
HDB:
9.81
IBN:
0.88
HDB:
0.15
IBN:
3.47
HDB:
1.56
IBN:
2.73
HDB:
0.64
IBN:
₹3.00T
HDB:
₹5.01T
IBN:
₹2.05T
HDB:
₹2.98T
IBN:
₹792.23B
HDB:
₹1.10T
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
IBN vs. HDB — Risk / Return Rank
IBN
HDB
IBN vs. HDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICICI Bank Limited (IBN) and HDFC Bank Limited (HDB). 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.
| IBN | HDB | 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 | 0.93 | 0.76 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.42 | -0.91 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.80 | -1.61 | +0.82 |
Loading charts...
Drawdowns
IBN vs. HDB - Drawdown Comparison
The maximum IBN drawdown since its inception was -86.09%, which is greater than HDB's maximum drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for IBN and HDB.
Loading charts...
Drawdown Indicators
| IBN | HDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.09% | -67.93% | -18.16% |
Max Drawdown (1Y)Largest decline over 1 year | -24.51% | -39.61% | +15.10% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -40.98% | +14.78% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -40.98% | +14.74% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -54.28% | -0.77% |
Current DrawdownCurrent decline from peak | -12.18% | -37.58% | +25.40% |
Average DrawdownAverage peak-to-trough decline | -27.93% | -13.91% | -14.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.10% | 22.30% | -9.20% |
Volatility
IBN vs. HDB - Volatility Comparison
The current volatility for ICICI Bank Limited (IBN) is 6.28%, while HDFC Bank Limited (HDB) has a volatility of 14.26%. This indicates that IBN experiences smaller price fluctuations and is considered to be less risky than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| IBN | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.28% | 14.26% | -7.98% |
Volatility (6M)Calculated over the trailing 6-month period | 17.21% | 24.47% | -7.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.42% | 27.57% | -6.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 27.29% | -3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.40% | 29.37% | +2.03% |
Dividends
IBN vs. HDB - Dividend Comparison
IBN's dividend yield for the trailing twelve months is around 0.83%, less than HDB's 3.32% 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
IBN vs. HDB - Financials Comparison
This section allows you to compare key financial metrics between ICICI Bank Limited and HDFC 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
IBN vs. HDB - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
IBN and HDB 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, IBN dropped -86.09% vs HDB's -67.93%.
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.
Find the right allocation for IBN and HDB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer