LT.NS vs. HDFCAMC.NS

Last updated Jun 5, 2026

LT.NS (Larsen & Toubro Limited) and HDFCAMC.NS (HDFC Asset Management Company Limited) are both stocks. LT.NS operates in Engineering & Construction (Industrials), while HDFCAMC.NS operates in Asset Management (Financial Services). Over the past 5 years, LT.NS returned 22.23%/yr vs 12.57%/yr for HDFCAMC.NS. At a 0.37 correlation, their price movements are largely independent.

Performance

LT.NS vs. HDFCAMC.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Larsen & Toubro Limited (LT.NS) and HDFC Asset Management Company Limited (HDFCAMC.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LT.NS achieves a -2.52% return, which is significantly higher than HDFCAMC.NS's -5.59% return.

LT.NS

• 1D: -0.28%
• 1M: -0.70%
• YTD: -2.52%
• 6M: -1.43%
• 1Y: 9.28%
• 3Y*: 21.77%
• 5Y*: 22.23%
• 10Y*: 16.87%

HDFCAMC.NS

• 1D: 0.00%
• 1M: -10.41%
• YTD: -5.59%
• 6M: -2.12%
• 1Y: 5.21%
• 3Y*: 39.57%
• 5Y*: 12.57%
• 10Y*: —

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

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

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LT.NS Larsen & Toubro Limited	-2.52%	14.25%	3.12%	70.97%	11.43%	48.91%	3.41%	-8.53%	12.82%
HDFCAMC.NS HDFC Asset Management Company Limited	-5.59%	29.67%	33.34%	50.54%	-8.80%	-15.20%	-7.79%	115.64%	-17.13%

Correlation

The correlation between LT.NS and HDFCAMC.NS is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.37
Correlation (All Time) Calculated using the full available price history since Aug 7, 2018	0.37

Return for Risk

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

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

LT.NS

LT.NS Risk / Return Rank: 52
LT.NS Sharpe Ratio Rank: 56
LT.NS Sortino Ratio Rank: 48
LT.NS Omega Ratio Rank: 49
LT.NS Calmar Ratio Rank: 51
LT.NS Martin Ratio Rank: 55

HDFCAMC.NS

HDFCAMC.NS Risk / Return Rank: 52
HDFCAMC.NS Sharpe Ratio Rank: 43
HDFCAMC.NS Sortino Ratio Rank: 57
HDFCAMC.NS Omega Ratio Rank: 76
HDFCAMC.NS Calmar Ratio Rank: 43
HDFCAMC.NS Martin Ratio Rank: 43

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.

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

This table presents a comparison of risk-adjusted performance metrics for Larsen & Toubro Limited (LT.NS) and HDFC Asset Management Company Limited (HDFCAMC.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.

	LT.NS	HDFCAMC.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.40	0.05	+0.36
Sortino ratio: Return per unit of downside risk	0.73	1.11	-0.38
Omega ratio: Gain probability vs. loss probability	1.10	1.28	-0.18
Calmar ratio: Return relative to maximum drawdown	0.40	0.09	+0.31
Martin ratio: Return relative to average drawdown	1.38	0.13	+1.25
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current LT.NS Sharpe Ratio is 0.40, which is higher than the HDFCAMC.NS Sharpe Ratio of 0.05. The chart below compares the historical Sharpe Ratios of LT.NS and HDFCAMC.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.

Sharpe Ratios by Period

	LT.NS	HDFCAMC.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	0.05	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.22	+0.71
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.31	+0.25

Drawdowns

LT.NS vs. HDFCAMC.NS - Drawdown Comparison

The maximum LT.NS drawdown since its inception was -74.92%, which is greater than HDFCAMC.NS's maximum drawdown of -58.97%. Use the drawdown chart below to compare losses from any high point for LT.NS and HDFCAMC.NS.

Drawdown Indicators

	LT.NS	HDFCAMC.NS	Difference
Max Drawdown Largest peak-to-trough decline	-74.92%	-58.97%	-15.95%
Max Drawdown (1Y) Largest decline over 1 year	-24.35%	-58.97%	+34.62%
Max Drawdown (3Y) Largest decline over 3 years	-24.35%	-58.97%	+34.62%
Max Drawdown (5Y) Largest decline over 5 years	-28.88%	-58.97%	+30.09%
Max Drawdown (10Y) Largest decline over 10 years	-54.44%	—	—
Current Drawdown Current decline from peak	-9.90%	-53.30%	+43.40%
Average Drawdown Average peak-to-trough decline	-17.01%	-24.85%	+7.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.07%	39.40%	-32.33%

Volatility

LT.NS vs. HDFCAMC.NS - Volatility Comparison

The current volatility for Larsen & Toubro Limited (LT.NS) is 4.97%, while HDFC Asset Management Company Limited (HDFCAMC.NS) has a volatility of 8.18%. This indicates that LT.NS experiences smaller price fluctuations and is considered to be less risky than HDFCAMC.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LT.NS	HDFCAMC.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	8.18%	-3.21%
Volatility (6M) Calculated over the trailing 6-month period	21.71%	25.19%	-3.48%
Volatility (1Y) Calculated over the trailing 1-year period	24.24%	115.78%	-91.54%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.44%	58.62%	-34.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.17%	51.57%	-25.40%

Dividends

LT.NS vs. HDFCAMC.NS - Dividend Comparison

LT.NS's dividend yield for the trailing twelve months is around 0.96%, less than HDFCAMC.NS's 3.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDFCAMC.NS HDFC Asset Management Company Limited	3.92%	1.68%	1.67%	1.50%	1.93%	1.39%	0.96%	0.75%	0.00%	0.00%	0.00%	0.00%
LT.NS Larsen & Toubro Limited	0.96%	0.83%	0.78%	0.85%	1.05%	0.95%	2.80%	1.39%	1.11%	2.78%	1.35%	1.27%

Financials

Frequently Asked Questions

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

LT.NS and HDFCAMC.NS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.