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ICICIBANK.NS vs. BEL.NS
Performance
Return for Risk
Dividends
Drawdowns
Volatility
Financials

ICICIBANK.NS vs. BEL.NS

Last updated Apr 3, 2026

Compare and contrast key facts about ICICI Bank Limited (ICICIBANK.NS) and Bharat Electronics Limited (BEL.NS).

Performance

ICICIBANK.NS vs. BEL.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in ICICI Bank Limited (ICICIBANK.NS) and Bharat Electronics Limited (BEL.NS). The values are adjusted to include any dividend payments, if applicable.

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ICICIBANK.NS vs. BEL.NS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ICICIBANK.NS
ICICI Bank Limited		-9.46%5.59%29.71%12.79%21.08%38.74%-0.71%50.00%15.21%36.26%
BEL.NS
Bharat Electronics Limited		5.23%37.39%60.76%87.62%45.68%79.86%23.47%17.07%-51.05%47.74%

Returns By Period

In the year-to-date period, ICICIBANK.NS achieves a -9.46% return, which is significantly lower than BEL.NS's 5.23% return. Over the past 10 years, ICICIBANK.NS has underperformed BEL.NS with an annualized return of 19.59%, while BEL.NS has yielded a comparatively higher 30.06% annualized return.

ICICIBANK.NS

1D
0.26%
1M
-11.51%
YTD
-9.46%
6M
-11.38%
1Y
-7.97%
3Y*
12.13%
5Y*
16.16%
10Y*
19.59%

BEL.NS

1D
4.51%
1M
-7.37%
YTD
5.23%
6M
3.44%
1Y
49.24%
3Y*
63.97%
5Y*
60.47%
10Y*
30.06%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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ICICI Bank Limited

Bharat Electronics Limited

Often compared with ICICIBANK.NS:
ICICIBANK.NS vs. HDFCBANK.NSICICIBANK.NS vs. INFY.NSICICIBANK.NS vs. KOTAKBANK.NSICICIBANK.NS vs. HDBICICIBANK.NS vs. BAJFINANCE.NSICICIBANK.NS vs. INDIANB.NSICICIBANK.NS vs. PFC.NS
Often compared with BEL.NS:
BEL.NS vs. HAL.NSBEL.NS vs. ADANIPORTS.NSBEL.NS vs. ^GSPCBEL.NS vs. HINDUNILVR.NSBEL.NS vs. ITC.NSBEL.NS vs. SPYBEL.NS vs. TVK.TO

Return for Risk

ICICIBANK.NS vs. BEL.NS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ICICIBANK.NS
ICICIBANK.NS Risk / Return Rank: 2121
Overall Rank
ICICIBANK.NS Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
ICICIBANK.NS Sortino Ratio Rank: 1818
Sortino Ratio Rank
ICICIBANK.NS Omega Ratio Rank: 1818
Omega Ratio Rank
ICICIBANK.NS Calmar Ratio Rank: 2828
Calmar Ratio Rank
ICICIBANK.NS Martin Ratio Rank: 1919
Martin Ratio Rank
BEL.NS
BEL.NS Risk / Return Rank: 8282
Overall Rank
BEL.NS Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
BEL.NS Sortino Ratio Rank: 8686
Sortino Ratio Rank
BEL.NS Omega Ratio Rank: 7979
Omega Ratio Rank
BEL.NS Calmar Ratio Rank: 8282
Calmar Ratio Rank
BEL.NS Martin Ratio Rank: 8080
Martin Ratio Rank
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.

ICICIBANK.NS vs. BEL.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICICI Bank Limited (ICICIBANK.NS) and Bharat Electronics Limited (BEL.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.

ICICIBANK.NSBEL.NSDifference

Sharpe ratio

Return per unit of total volatility

-0.46

1.64

-2.09

Sortino ratio

Return per unit of downside risk

-0.54

2.48

-3.02

Omega ratio

Gain probability vs. loss probability

0.93

1.29

-0.35

Calmar ratio

Return relative to maximum drawdown

-0.39

2.57

-2.96

Martin ratio

Return relative to average drawdown

-1.10

6.16

-7.26

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ICICIBANK.NS vs. BEL.NS - Sharpe Ratio Comparison

The current ICICIBANK.NS Sharpe Ratio is -0.46, which is lower than the BEL.NS Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of ICICIBANK.NS and BEL.NS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ICICIBANK.NSBEL.NSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.46

1.64

-2.09

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.79

1.90

-1.11

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.67

0.86

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.04

+0.45

Correlation

The correlation between ICICIBANK.NS and BEL.NS is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ICICIBANK.NS vs. BEL.NS - Dividend Comparison

ICICIBANK.NS's dividend yield for the trailing twelve months is around 0.90%, more than BEL.NS's 0.68% yield.

TTM20252024202320222021202020192018201720162015
ICICIBANK.NS
ICICI Bank Limited		0.90%0.82%0.78%0.80%0.56%0.27%0.00%0.19%0.42%0.72%1.78%1.74%
BEL.NS
Bharat Electronics Limited		0.68%0.60%0.75%0.98%1.50%1.91%2.33%2.70%2.27%1.12%1.24%0.71%

Drawdowns

ICICIBANK.NS vs. BEL.NS - Drawdown Comparison

The maximum ICICIBANK.NS drawdown since its inception was -81.62%, smaller than the maximum BEL.NS drawdown of -97.64%. Use the drawdown chart below to compare losses from any high point for ICICIBANK.NS and BEL.NS.

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Drawdown Indicators

ICICIBANK.NSBEL.NSDifference

Max Drawdown

Largest peak-to-trough decline

-81.62%

-97.64%

+16.02%

Max Drawdown (1Y)

Largest decline over 1 year

-18.37%

-15.63%

-2.74%

Max Drawdown (5Y)

Largest decline over 5 years

-22.33%

-26.90%

+4.57%

Max Drawdown (10Y)

Largest decline over 10 years

-48.31%

-67.21%

+18.90%

Current Drawdown

Current decline from peak

-17.70%

-10.62%

-7.08%

Average Drawdown

Average peak-to-trough decline

-17.86%

-66.25%

+48.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

6.43%

6.53%

-0.10%

Volatility

ICICIBANK.NS vs. BEL.NS - Volatility Comparison

The current volatility for ICICI Bank Limited (ICICIBANK.NS) is 7.80%, while Bharat Electronics Limited (BEL.NS) has a volatility of 10.96%. This indicates that ICICIBANK.NS experiences smaller price fluctuations and is considered to be less risky than BEL.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ICICIBANK.NSBEL.NSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.80%

10.96%

-3.16%

Volatility (6M)

Calculated over the trailing 6-month period

13.31%

19.89%

-6.58%

Volatility (1Y)

Calculated over the trailing 1-year period

17.60%

27.53%

-9.93%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.78%

32.52%

-11.74%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

29.72%

35.89%

-6.17%

Financials

ICICIBANK.NS vs. BEL.NS - Financials Comparison

This section allows you to compare key financial metrics between ICICI Bank Limited and Bharat Electronics 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.

Quarterly
Annual

Total Revenue: Total amount of money received from sales and other business activities

Values in INR except per share items