NMDC.NS vs. HDFCBANK.NS

Last updated Jun 5, 2026

NMDC.NS (NMDC Limited) and HDFCBANK.NS (HDFC Bank Limited) are both stocks. NMDC.NS operates in Steel (Basic Materials), while HDFCBANK.NS operates in Banks - Regional (Financial Services). Over the past 10 years, NMDC.NS returned 22.33%/yr vs 10.85%/yr for HDFCBANK.NS. At a 0.25 correlation, their price movements are largely independent.

Performance

NMDC.NS vs. HDFCBANK.NS - Performance Comparison

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

Returns By Period

In the year-to-date period, NMDC.NS achieves a 17.32% return, which is significantly higher than HDFCBANK.NS's -24.04% return. Over the past 10 years, NMDC.NS has outperformed HDFCBANK.NS with an annualized return of 22.33%, while HDFCBANK.NS has yielded a comparatively lower 10.85% annualized return.

NMDC.NS

• 1D: -1.40%
• 1M: 6.19%
• YTD: 17.32%
• 6M: 27.62%
• 1Y: 39.75%
• 3Y*: 43.85%
• 5Y*: 20.84%
• 10Y*: 22.33%

HDFCBANK.NS

• 1D: 0.16%
• 1M: -5.25%
• YTD: -24.04%
• 6M: -24.67%
• 1Y: -21.68%
• 3Y*: -1.14%
• 5Y*: 1.15%
• 10Y*: 10.85%

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

NMDC.NS vs. HDFCBANK.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NMDC.NS NMDC Limited	17.32%	32.36%	-2.63%	80.15%	26.28%	36.89%	-5.08%	42.11%	-26.36%	17.27%
HDFCBANK.NS HDFC Bank Limited	-24.04%	13.58%	5.12%	6.03%	11.34%	3.40%	12.78%	21.24%	14.11%	56.61%

Correlation

The correlation between NMDC.NS and HDFCBANK.NS is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.22
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.21
Correlation (All Time) Calculated using the full available price history since Mar 4, 2008	0.25

Return for Risk

NMDC.NS vs. HDFCBANK.NS — Risk / Return Rank

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

NMDC.NS

NMDC.NS Risk / Return Rank: 81
NMDC.NS Sharpe Ratio Rank: 81
NMDC.NS Sortino Ratio Rank: 76
NMDC.NS Omega Ratio Rank: 75
NMDC.NS Calmar Ratio Rank: 86
NMDC.NS Martin Ratio Rank: 85

HDFCBANK.NS

HDFCBANK.NS Risk / Return Rank: 6
HDFCBANK.NS Sharpe Ratio Rank: 3
HDFCBANK.NS Sortino Ratio Rank: 5
HDFCBANK.NS Omega Ratio Rank: 6
HDFCBANK.NS Calmar Ratio Rank: 12
HDFCBANK.NS Martin Ratio Rank: 2

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.

NMDC.NS vs. HDFCBANK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NMDC Limited (NMDC.NS) and HDFC Bank Limited (HDFCBANK.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.

	NMDC.NS	HDFCBANK.NS	Difference
Sharpe ratio: Return per unit of total volatility	1.47	-1.13	+2.60
Sortino ratio: Return per unit of downside risk	2.07	-1.59	+3.67
Omega ratio: Gain probability vs. loss probability	1.26	0.81	+0.45
Calmar ratio: Return relative to maximum drawdown	3.57	-0.79	+4.36
Martin ratio: Return relative to average drawdown	8.86	-1.81	+10.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NMDC.NS vs. HDFCBANK.NS - Sharpe Ratio Comparison

The current NMDC.NS Sharpe Ratio is 1.47, which is higher than the HDFCBANK.NS Sharpe Ratio of -1.13. The chart below compares the historical Sharpe Ratios of NMDC.NS and HDFCBANK.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

	NMDC.NS	HDFCBANK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	-1.13	+2.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	0.06	+0.56
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.62	0.49	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.66	-0.51

Drawdowns

NMDC.NS vs. HDFCBANK.NS - Drawdown Comparison

The maximum NMDC.NS drawdown since its inception was -81.71%, which is greater than HDFCBANK.NS's maximum drawdown of -55.50%. Use the drawdown chart below to compare losses from any high point for NMDC.NS and HDFCBANK.NS.

Drawdown Indicators

	NMDC.NS	HDFCBANK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-81.71%	-55.50%	-26.21%
Max Drawdown (1Y) Largest decline over 1 year	-11.37%	-27.44%	+16.07%
Max Drawdown (3Y) Largest decline over 3 years	-35.78%	-27.44%	-8.34%
Max Drawdown (5Y) Largest decline over 5 years	-42.73%	-27.44%	-15.29%
Max Drawdown (10Y) Largest decline over 10 years	-53.42%	-40.47%	-12.95%
Current Drawdown Current decline from peak	-1.40%	-25.54%	+24.14%
Average Drawdown Average peak-to-trough decline	-51.12%	-10.45%	-40.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.59%	11.77%	-7.18%

Volatility

NMDC.NS vs. HDFCBANK.NS - Volatility Comparison

NMDC Limited (NMDC.NS) has a higher volatility of 10.97% compared to HDFC Bank Limited (HDFCBANK.NS) at 6.96%. This indicates that NMDC.NS's price experiences larger fluctuations and is considered to be riskier than HDFCBANK.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NMDC.NS	HDFCBANK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.97%	6.96%	+4.01%
Volatility (6M) Calculated over the trailing 6-month period	23.16%	16.88%	+6.28%
Volatility (1Y) Calculated over the trailing 1-year period	27.65%	19.10%	+8.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.60%	20.43%	+14.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.80%	22.38%	+14.42%

Dividends

NMDC.NS vs. HDFCBANK.NS - Dividend Comparison

NMDC.NS's dividend yield for the trailing twelve months is around 3.70%, more than HDFCBANK.NS's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HDFCBANK.NS HDFC Bank Limited	1.79%	1.36%	1.10%	1.11%	0.95%	0.44%	0.00%	0.78%	0.61%	0.59%	0.79%	0.74%
NMDC.NS NMDC Limited	3.70%	3.97%	3.67%	3.15%	4.66%	16.37%	6.01%	5.57%	5.78%	4.86%	11.60%	8.04%

Financials

Frequently Asked Questions

Can I hold both NMDC.NS and HDFCBANK.NS in my portfolio?

NMDC.NS and HDFCBANK.NS have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.