NDBKY vs. AGRPY

Last updated Jun 3, 2026

NDBKY (Nedbank Group) and AGRPY (Absa Group Ltd ADR) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 10 years, NDBKY returned 8.91%/yr vs 12.36%/yr for AGRPY. At a 0.32 correlation, their price movements are largely independent.

Performance

NDBKY vs. AGRPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nedbank Group (NDBKY) and Absa Group Ltd ADR (AGRPY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NDBKY achieves a 0.33% return, which is significantly lower than AGRPY's 7.77% return. Over the past 10 years, NDBKY has underperformed AGRPY with an annualized return of 8.91%, while AGRPY has yielded a comparatively higher 12.36% annualized return.

NDBKY

• 1D: -0.13%
• 1M: -3.35%
• YTD: 0.33%
• 6M: 6.50%
• 1Y: 18.70%
• 3Y*: 22.96%
• 5Y*: 13.50%
• 10Y*: 8.91%

AGRPY

• 1D: 0.00%
• 1M: 9.24%
• YTD: 7.77%
• 6M: 21.73%
• 1Y: 63.37%
• 3Y*: 32.89%
• 5Y*: 14.89%
• 10Y*: 12.36%

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

NDBKY vs. AGRPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NDBKY Nedbank Group	0.33%	19.13%	36.26%	4.82%	21.67%	26.34%	-38.98%	-16.78%	-2.79%	25.61%
AGRPY Absa Group Ltd ADR	7.77%	47.36%	32.83%	-19.33%	25.65%	22.21%	-16.54%	-1.13%	-21.36%	29.62%

Correlation

The correlation between NDBKY and AGRPY is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (10Y) Calculated over the trailing 10-year period	0.33
Correlation (All Time) Calculated using the full available price history since Jul 24, 2007	0.32

The correlation between NDBKY and AGRPY shifts across timeframes, from 0.14 (1 year) to 0.33 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap NDBKY : $7.15B AGRPY : $12.33B
EPS NDBKY : $57.38 AGRPY : $106.99
PE Ratio NDBKY : 0.27 AGRPY : 0.27
PS Ratio NDBKY : 0.05 AGRPY : 0.05
PB Ratio NDBKY : 0.06 AGRPY : 0.07
Total Revenue (TTM) NDBKY : $161.42B AGRPY : $258.94B
Gross Profit (TTM) NDBKY : $137.43B AGRPY : $262.03B
EBITDA (TTM) NDBKY : $5.63B AGRPY : $19.30B

Return for Risk

NDBKY vs. AGRPY — Risk / Return Rank

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

NDBKY

NDBKY Risk / Return Rank: 56
NDBKY Sharpe Ratio Rank: 59
NDBKY Sortino Ratio Rank: 54
NDBKY Omega Ratio Rank: 51
NDBKY Calmar Ratio Rank: 58
NDBKY Martin Ratio Rank: 58

AGRPY

AGRPY Risk / Return Rank: 85
AGRPY Sharpe Ratio Rank: 86
AGRPY Sortino Ratio Rank: 82
AGRPY Omega Ratio Rank: 89
AGRPY Calmar Ratio Rank: 83
AGRPY Martin Ratio Rank: 84

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.

NDBKY vs. AGRPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nedbank Group (NDBKY) and Absa Group Ltd ADR (AGRPY). 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.

	NDBKY	AGRPY	Difference
Sharpe ratio Return per unit of total volatility	0.57	1.79	-1.22
Sortino ratio Return per unit of downside risk	1.04	2.43	-1.39
Omega ratio Gain probability vs. loss probability	1.12	1.41	-0.29
Calmar ratio Return relative to maximum drawdown	0.83	3.17	-2.34
Martin ratio Return relative to average drawdown	1.85	8.11	-6.26
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NDBKY vs. AGRPY - Sharpe Ratio Comparison

The current NDBKY Sharpe Ratio is 0.57, which is lower than the AGRPY Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of NDBKY and AGRPY, 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

	NDBKY	AGRPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.57	1.79	-1.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.36	+0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.25	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	-0.00	0.10	-0.11

Drawdowns

NDBKY vs. AGRPY - Drawdown Comparison

The maximum NDBKY drawdown since its inception was -86.34%, which is greater than AGRPY's maximum drawdown of -77.40%. Use the drawdown chart below to compare losses from any high point for NDBKY and AGRPY.

Drawdown Indicators

	NDBKY	AGRPY	Difference
Max Drawdown Largest peak-to-trough decline	-86.34%	-77.40%	-8.94%
Max Drawdown (1Y) Largest decline over 1 year	-22.76%	-20.09%	-2.67%
Max Drawdown (3Y) Largest decline over 3 years	-34.14%	-29.89%	-4.25%
Max Drawdown (5Y) Largest decline over 5 years	-34.14%	-35.61%	+1.47%
Max Drawdown (10Y) Largest decline over 10 years	-83.25%	-77.40%	-5.85%
Current Drawdown Current decline from peak	-18.70%	-10.64%	-8.06%
Average Drawdown Average peak-to-trough decline	-45.21%	-26.08%	-19.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.17%	7.84%	+2.33%

Volatility

NDBKY vs. AGRPY - Volatility Comparison

The current volatility for Nedbank Group (NDBKY) is 8.88%, while Absa Group Ltd ADR (AGRPY) has a volatility of 10.35%. This indicates that NDBKY experiences smaller price fluctuations and is considered to be less risky than AGRPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NDBKY	AGRPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.88%	10.35%	-1.47%
Volatility (6M) Calculated over the trailing 6-month period	25.38%	28.28%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	33.02%	35.58%	-2.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.16%	41.55%	-6.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.12%	48.65%	-5.53%

Dividends

NDBKY vs. AGRPY - Dividend Comparison

NDBKY's dividend yield for the trailing twelve months is around 7.99%, more than AGRPY's 6.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGRPY Absa Group Ltd ADR	6.43%	5.94%	7.25%	8.23%	6.20%	2.13%	3.46%	5.73%	5.92%	6.84%	10.38%	6.80%
NDBKY Nedbank Group	7.99%	7.33%	7.30%	7.78%	8.12%	2.66%	3.73%	4.80%	4.17%	3.42%	8.01%	7.43%

Financials

NDBKY vs. AGRPY - Profitability Comparison

The chart below illustrates the profitability comparison between Nedbank Group and Absa Group Ltd ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NDBKY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nedbank Group reported a gross profit of 37.30B and revenue of 78.84B. Therefore, the gross margin over that period was 47.3%.

AGRPY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Absa Group Ltd ADR reported a gross profit of 52.72B and revenue of 99.09B. Therefore, the gross margin over that period was 53.2%.

NDBKY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nedbank Group reported an operating income of -19.41B and revenue of 78.84B, resulting in an operating margin of -24.6%.

AGRPY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Absa Group Ltd ADR reported an operating income of 16.40B and revenue of 99.09B, resulting in an operating margin of 16.6%.

NDBKY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nedbank Group reported a net income of 1.13B and revenue of 78.84B, resulting in a net margin of 1.4%.

AGRPY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Absa Group Ltd ADR reported a net income of 10.95B and revenue of 99.09B, resulting in a net margin of 11.1%.

Frequently Asked Questions

Can I hold both NDBKY and AGRPY in my portfolio?

NDBKY and AGRPY have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NDBKY or AGRPY?

AGRPY has higher volatility (10.35%) compared to NDBKY (8.88%). In terms of maximum drawdown, NDBKY dropped -86.34% vs AGRPY's -77.40%.

Which has better risk-adjusted returns?

AGRPY currently has the higher Sharpe Ratio (1.79 vs 0.57), 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.