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 15.33%/yr vs 4.93%/yr for HDB. A 0.61 correlation means they provide meaningful diversification when combined.
Performance
IBN vs. HDB - Performance Comparison
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Returns By Period
In the year-to-date period, IBN achieves a -14.43% return, which is significantly higher than HDB's -35.55% return. Over the past 10 years, IBN has outperformed HDB with an annualized return of 15.33%, while HDB has yielded a comparatively lower 4.93% annualized return.
IBN
- 1D
- 0.87%
- 1M
- -2.45%
- YTD
- -14.43%
- 6M
- -16.97%
- 1Y
- -23.64%
- 3Y*
- 4.21%
- 5Y*
- 8.01%
- 10Y*
- 15.33%
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%
IBN vs. HDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBN ICICI Bank Limited | -14.43% | 0.57% | 26.32% | 9.80% | 11.27% | 33.57% | -1.52% | 47.01% | 6.25% | 44.03% |
HDB HDFC Bank Limited | -35.55% | 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 share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2001 | 0.61 |
The correlation between IBN and HDB has been stable across timeframes, ranging from 0.58 to 0.66 - a consistent structural relationship.
Fundamentals
IBN:
$92.40B
HDB:
$40.40B
IBN:
$149.87
HDB:
$179.48
IBN:
0.17
HDB:
0.13
IBN:
0.01
HDB:
0.00
IBN:
0.03
HDB:
0.02
IBN:
0.03
HDB:
0.01
IBN:
$3.13T
HDB:
$5.00T
IBN:
$2.18T
HDB:
$2.86T
IBN:
$774.07B
HDB:
$1.03T
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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.
| IBN | HDB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.17 | -1.47 | +0.30 |
Sortino ratioReturn per unit of downside risk | -1.68 | -2.23 | +0.55 |
Omega ratioGain probability vs. loss probability | 0.80 | 0.73 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.90 | 0.00 |
Martin ratioReturn relative to average drawdown | -1.79 | -1.88 | +0.09 |
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
| IBN | HDB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.17 | -1.47 | +0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | -0.28 | +0.63 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.17 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.42 | -0.20 |
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.
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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 | -26.20% | -39.62% | +13.42% |
Max Drawdown (3Y)Largest decline over 3 years | -26.20% | -39.62% | +13.42% |
Max Drawdown (5Y)Largest decline over 5 years | -26.24% | -39.62% | +13.38% |
Max Drawdown (10Y)Largest decline over 10 years | -55.05% | -54.28% | -0.77% |
Current DrawdownCurrent decline from peak | -25.32% | -39.59% | +14.27% |
Average DrawdownAverage peak-to-trough decline | -28.01% | -13.77% | -14.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.22% | 18.99% | -5.77% |
Volatility
IBN vs. HDB - Volatility Comparison
The current volatility for ICICI Bank Limited (IBN) is 6.04%, while HDFC Bank Limited (HDB) has a volatility of 8.54%. 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.
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Volatility by Period
| IBN | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 8.54% | -2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 16.32% | 20.58% | -4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.29% | 24.27% | -3.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.59% | 26.76% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.68% | 29.05% | +2.63% |
Dividends
IBN vs. HDB - Dividend Comparison
IBN's dividend yield for the trailing twelve months is around 0.98%, less than HDB's 3.60% 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% |
IBN ICICI Bank Limited | 0.98% | 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 Jun 2026, ICICI Bank Limited reported a gross profit of 623.06B and revenue of 846.14B. Therefore, the gross margin over that period was 73.6%.
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%.
IBN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ICICI Bank Limited reported an operating income of 208.13B and revenue of 846.14B, resulting in an operating margin of 24.6%.
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%.
IBN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ICICI Bank Limited reported a net income of 147.55B and revenue of 846.14B, resulting in a net margin of 17.4%.
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%.
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 (8.54%) compared to IBN (6.04%). In terms of maximum drawdown, IBN dropped -86.09% vs HDB's -67.93%.
IBN currently has the higher Sharpe Ratio (-1.17 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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