POLICYBZR.NS vs. M&M.NS

Last updated Jun 5, 2026

POLICYBZR.NS (PB Fintech Limited) and M&M.NS (Mahindra & Mahindra Limited) are both stocks. POLICYBZR.NS operates in Insurance Brokers (Financial Services), while M&M.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 3 years, POLICYBZR.NS returned 36.82%/yr vs 30.41%/yr for M&M.NS. At a 0.22 correlation, their price movements are largely independent.

Performance

POLICYBZR.NS vs. M&M.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in PB Fintech Limited (POLICYBZR.NS) and Mahindra & Mahindra Limited (M&M.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POLICYBZR.NS achieves a -15.85% return, which is significantly higher than M&M.NS's -18.69% return.

POLICYBZR.NS

• 1D: -2.67%
• 1M: -6.61%
• YTD: -15.85%
• 6M: -18.88%
• 1Y: -19.85%
• 3Y*: 36.82%
• 5Y*: —
• 10Y*: —

M&M.NS

• 1D: 0.17%
• 1M: -9.44%
• YTD: -18.69%
• 6M: -18.08%
• 1Y: -2.13%
• 3Y*: 30.41%
• 5Y*: 31.48%
• 10Y*: 16.84%

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

POLICYBZR.NS vs. M&M.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
POLICYBZR.NS PB Fintech Limited	-15.85%	-13.43%	165.38%	77.26%	-51.75%	-22.73%
M&M.NS Mahindra & Mahindra Limited	-18.69%	24.34%	75.15%	39.89%	50.75%	-9.83%

Correlation

The correlation between POLICYBZR.NS and M&M.NS is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021	0.22

Return for Risk

POLICYBZR.NS vs. M&M.NS — Risk / Return Rank

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

POLICYBZR.NS

POLICYBZR.NS Risk / Return Rank: 18
POLICYBZR.NS Sharpe Ratio Rank: 19
POLICYBZR.NS Sortino Ratio Rank: 18
POLICYBZR.NS Omega Ratio Rank: 20
POLICYBZR.NS Calmar Ratio Rank: 20
POLICYBZR.NS Martin Ratio Rank: 15

M&M.NS

M&M.NS Risk / Return Rank: 38
M&M.NS Sharpe Ratio Rank: 40
M&M.NS Sortino Ratio Rank: 34
M&M.NS Omega Ratio Rank: 34
M&M.NS Calmar Ratio Rank: 40
M&M.NS Martin Ratio Rank: 40

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.

POLICYBZR.NS vs. M&M.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PB Fintech Limited (POLICYBZR.NS) and Mahindra & Mahindra Limited (M&M.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.

	POLICYBZR.NS	M&M.NS	Difference
Sharpe ratio: Return per unit of total volatility	-0.52	-0.02	-0.51
Sortino ratio: Return per unit of downside risk	-0.59	0.17	-0.76
Omega ratio: Gain probability vs. loss probability	0.93	1.02	-0.09
Calmar ratio: Return relative to maximum drawdown	-0.61	-0.02	-0.59
Martin ratio: Return relative to average drawdown	-1.19	-0.04	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POLICYBZR.NS vs. M&M.NS - Sharpe Ratio Comparison

The current POLICYBZR.NS Sharpe Ratio is -0.52, which is lower than the M&M.NS Sharpe Ratio of -0.02. The chart below compares the historical Sharpe Ratios of POLICYBZR.NS and M&M.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

	POLICYBZR.NS	M&M.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.52	-0.02	-0.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.15	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.19	-0.07

Drawdowns

POLICYBZR.NS vs. M&M.NS - Drawdown Comparison

The maximum POLICYBZR.NS drawdown since its inception was -74.34%, smaller than the maximum M&M.NS drawdown of -94.09%. Use the drawdown chart below to compare losses from any high point for POLICYBZR.NS and M&M.NS.

Drawdown Indicators

	POLICYBZR.NS	M&M.NS	Difference
Max Drawdown Largest peak-to-trough decline	-74.34%	-94.09%	+19.75%
Max Drawdown (1Y) Largest decline over 1 year	-27.10%	-22.91%	-4.19%
Max Drawdown (3Y) Largest decline over 3 years	-39.89%	-22.91%	-16.98%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.09%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-72.28%	—
Current Drawdown Current decline from peak	-30.67%	-20.68%	-9.99%
Average Drawdown Average peak-to-trough decline	-35.61%	-31.10%	-4.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.95%	9.68%	+4.27%

Volatility

POLICYBZR.NS vs. M&M.NS - Volatility Comparison

PB Fintech Limited (POLICYBZR.NS) has a higher volatility of 10.16% compared to Mahindra & Mahindra Limited (M&M.NS) at 6.92%. This indicates that POLICYBZR.NS's price experiences larger fluctuations and is considered to be riskier than M&M.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POLICYBZR.NS	M&M.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.16%	6.92%	+3.24%
Volatility (6M) Calculated over the trailing 6-month period	24.51%	21.45%	+3.06%
Volatility (1Y) Calculated over the trailing 1-year period	32.23%	26.75%	+5.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.96%	27.81%	+18.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	45.96%	30.40%	+15.56%

Dividends

POLICYBZR.NS vs. M&M.NS - Dividend Comparison

POLICYBZR.NS has not paid dividends to shareholders, while M&M.NS's dividend yield for the trailing twelve months is around 0.84%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
M&M.NS Mahindra & Mahindra Limited	0.84%	0.68%	0.70%	0.94%	0.92%	1.05%	0.33%	1.60%	0.93%	0.01%	0.02%	0.01%
POLICYBZR.NS PB Fintech Limited	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

Frequently Asked Questions

Can I hold both POLICYBZR.NS and M&M.NS in my portfolio?

POLICYBZR.NS and M&M.NS have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.