NU vs. HDB
NU (Nu Holdings Ltd.) and HDB (HDFC Bank Limited) are both stocks. Both are in the Financial Services sector — NU in Banks - Diversified, HDB in Banks - Regional. Over the past 3 years, NU returned 18.13%/yr vs -7.62%/yr for HDB. At a 0.31 correlation, their price movements are largely independent.
Performance
NU vs. HDB - Performance Comparison
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Returns By Period
In the year-to-date period, NU achieves a -25.75% return, which is significantly higher than HDB's -32.29% return.
NU
- 1D
- 1.97%
- 1M
- 1.97%
- YTD
- -25.75%
- 6M
- -25.35%
- 1Y
- 4.45%
- 3Y*
- 18.13%
- 5Y*
- —
- 10Y*
- —
HDB
- 1D
- 2.36%
- 1M
- 1.19%
- YTD
- -32.29%
- 6M
- -31.26%
- 1Y
- -31.53%
- 3Y*
- -7.62%
- 5Y*
- -6.14%
- 10Y*
- 5.53%
NU vs. HDB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NU Nu Holdings Ltd. | -25.75% | 61.58% | 24.37% | 104.67% | -56.61% | -16.62% |
HDB HDFC Bank Limited | -32.29% | 17.07% | -2.54% | 0.16% | 7.39% | -3.56% |
Correlation
The correlation between NU and HDB is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2021 | 0.31 |
Fundamentals
NU:
$61.03B
HDB:
$42.45B
NU:
$0.65
HDB:
₹179.48
NU:
19.15
HDB:
13.11
NU:
0.29
HDB:
0.20
NU:
3.48
HDB:
2.01
NU:
4.85
HDB:
0.70
NU:
$17.54B
HDB:
₹5.00T
NU:
$7.67B
HDB:
₹2.86T
NU:
$4.14B
HDB:
₹1.03T
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Return for Risk
NU vs. HDB — Risk / Return Rank
NU
HDB
NU vs. HDB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nu Holdings Ltd. (NU) and HDFC Bank Limited (HDB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| NU | HDB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.77 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.12 | -0.77 | +0.89 |
| Martin ratioReturn relative to average drawdown | 0.29 | -1.56 | +1.85 |
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Drawdowns
NU vs. HDB - Drawdown Comparison
The maximum NU drawdown since its inception was -72.07%, which is greater than HDB's maximum drawdown of -67.93%. Use the drawdown chart below to compare losses from any high point for NU and HDB.
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Drawdown Indicators
| NU | HDB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.07% | -67.93% | -4.14% |
Max Drawdown (1Y)Largest decline over 1 year | -38.17% | -40.98% | +2.81% |
Max Drawdown (3Y)Largest decline over 3 years | -39.58% | -40.98% | +1.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -40.98% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -54.28% | — |
Current DrawdownCurrent decline from peak | -33.74% | -36.54% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -29.77% | -13.80% | -15.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.51% | 20.22% | -4.71% |
Volatility
NU vs. HDB - Volatility Comparison
Nu Holdings Ltd. (NU) has a higher volatility of 14.93% compared to HDFC Bank Limited (HDB) at 7.71%. This indicates that NU's price experiences larger fluctuations and is considered to be riskier than HDB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NU | HDB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.93% | 7.71% | +7.22% |
Volatility (6M)Calculated over the trailing 6-month period | 28.97% | 21.21% | +7.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.42% | 24.63% | +13.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 58.46% | 26.87% | +31.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 58.46% | 29.08% | +29.38% |
Dividends
NU vs. HDB - Dividend Comparison
NU has not paid dividends to shareholders, while HDB's dividend yield for the trailing twelve months is around 3.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDB HDFC Bank Limited | 3.43% | 2.32% | 2.19% | 2.06% | 1.70% | 0.81% | 0.00% | 0.17% | 0.55% | 0.49% | 0.66% | 0.58% |
NU Nu Holdings Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
NU vs. HDB - Financials Comparison
This section allows you to compare key financial metrics between Nu Holdings Ltd. and HDFC Bank 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.
Total Revenue: Total amount of money received from sales and other business activities
NU vs. HDB - Profitability Comparison
NU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a gross profit of 2.00B and revenue of 4.98B. Therefore, the gross margin over that period was 40.2%.
HDB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported a gross profit of 693.21B and revenue of 1.19T. Therefore, the gross margin over that period was 58.4%.
NU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported an operating income of 954.31M and revenue of 4.98B, resulting in an operating margin of 19.2%.
HDB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported an operating income of 281.02B and revenue of 1.19T, resulting in an operating margin of 23.7%.
NU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Nu Holdings Ltd. reported a net income of 872.06M and revenue of 4.98B, resulting in a net margin of 17.5%.
HDB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, HDFC Bank Limited reported a net income of 206.67B and revenue of 1.19T, resulting in a net margin of 17.4%.
Frequently Asked Questions
NU and HDB have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NU has higher volatility (14.93%) compared to HDB (7.71%). In terms of maximum drawdown, NU dropped -72.07% vs HDB's -67.93%.
NU currently has the higher Sharpe Ratio (0.12 vs -1.29), 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.
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