ICICIBANK.NS vs. ^BSESN
ICICIBANK.NS (ICICI Bank Limited) is a stock, while ^BSESN (S&P BSE SENSEX) is an index. Over the past 10 years, ICICIBANK.NS returned 19.63%/yr vs 10.75%/yr for ^BSESN. A 0.68 correlation means they provide meaningful diversification when combined.
Performance
ICICIBANK.NS vs. ^BSESN - Performance Comparison
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Returns By Period
In the year-to-date period, ICICIBANK.NS achieves a -6.79% return, which is significantly higher than ^BSESN's -12.74% return. Over the past 10 years, ICICIBANK.NS has outperformed ^BSESN with an annualized return of 19.63%, while ^BSESN has yielded a comparatively lower 10.75% annualized return.
ICICIBANK.NS
- 1D
- 0.78%
- 1M
- -2.17%
- YTD
- -6.79%
- 6M
- -10.11%
- 1Y
- -13.30%
- 3Y*
- 10.65%
- 5Y*
- 15.03%
- 10Y*
- 19.63%
^BSESN
- 1D
- 0.02%
- 1M
- -4.62%
- YTD
- -12.74%
- 6M
- -13.24%
- 1Y
- -8.70%
- 3Y*
- 5.80%
- 5Y*
- 7.37%
- 10Y*
- 10.75%
ICICIBANK.NS vs. ^BSESN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICICIBANK.NS ICICI Bank Limited | -6.79% | 5.59% | 29.71% | 12.79% | 21.08% | 38.74% | -0.71% | 50.00% | 15.21% | 36.02% |
^BSESN S&P BSE SENSEX | -12.74% | 9.06% | 8.17% | 18.74% | 4.44% | 21.99% | 15.75% | 14.38% | 5.91% | 27.91% |
Correlation
The correlation between ICICIBANK.NS and ^BSESN is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2002 | 0.68 |
The correlation between ICICIBANK.NS and ^BSESN has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ICICIBANK.NS vs. ^BSESN — Risk / Return Rank
ICICIBANK.NS
^BSESN
ICICIBANK.NS vs. ^BSESN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICICI Bank Limited (ICICIBANK.NS) and S&P BSE SENSEX (^BSESN). 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.
| ICICIBANK.NS | ^BSESN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 0.90 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.64 | -0.52 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.39 | -1.36 | -0.04 |
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
| ICICIBANK.NS | ^BSESN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.66 | -0.64 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.75 | 0.54 | +0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.67 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.47 | +0.03 |
Drawdowns
ICICIBANK.NS vs. ^BSESN - Drawdown Comparison
The maximum ICICIBANK.NS drawdown since its inception was -81.68%, which is greater than ^BSESN's maximum drawdown of -60.91%. Use the drawdown chart below to compare losses from any high point for ICICIBANK.NS and ^BSESN.
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Drawdown Indicators
| ICICIBANK.NS | ^BSESN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.68% | -60.91% | -20.77% |
Max Drawdown (1Y)Largest decline over 1 year | -18.37% | -16.11% | -2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -16.18% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -22.33% | -16.85% | -5.48% |
Max Drawdown (10Y)Largest decline over 10 years | -48.31% | -38.07% | -10.24% |
Current DrawdownCurrent decline from peak | -15.27% | -13.37% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -18.06% | -13.75% | -4.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.50% | 6.09% | +2.41% |
Volatility
ICICIBANK.NS vs. ^BSESN - Volatility Comparison
ICICI Bank Limited (ICICIBANK.NS) has a higher volatility of 4.92% compared to S&P BSE SENSEX (^BSESN) at 3.67%. This indicates that ICICIBANK.NS's price experiences larger fluctuations and is considered to be riskier than ^BSESN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICICIBANK.NS | ^BSESN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.92% | 3.67% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 11.59% | +3.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.99% | 13.10% | +4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.27% | 13.82% | +6.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.48% | 16.34% | +13.14% |
Frequently Asked Questions
ICICIBANK.NS and ^BSESN have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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