POLYCAB.NS vs. BAJAJ-AUTO.NS

Last updated Jun 5, 2026

POLYCAB.NS (Polycab India Limited) and BAJAJ-AUTO.NS (Bajaj Auto Limited) are both stocks. POLYCAB.NS operates in Electrical Equipment & Parts (Industrials), while BAJAJ-AUTO.NS operates in Auto Manufacturers (Consumer Cyclical). Over the past 5 years, POLYCAB.NS returned 42.35%/yr vs 23.16%/yr for BAJAJ-AUTO.NS. At a 0.27 correlation, their price movements are largely independent.

Performance

POLYCAB.NS vs. BAJAJ-AUTO.NS - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Polycab India Limited (POLYCAB.NS) and Bajaj Auto Limited (BAJAJ-AUTO.NS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, POLYCAB.NS achieves a 27.54% return, which is significantly higher than BAJAJ-AUTO.NS's 12.38% return.

POLYCAB.NS

• 1D: 1.53%
• 1M: 15.47%
• YTD: 27.54%
• 6M: 33.91%
• 1Y: 63.40%
• 3Y*: 40.04%
• 5Y*: 42.35%
• 10Y*: —

BAJAJ-AUTO.NS

• 1D: 1.16%
• 1M: 1.14%
• YTD: 12.38%
• 6M: 15.35%
• 1Y: 25.82%
• 3Y*: 33.44%
• 5Y*: 23.16%
• 10Y*: 17.67%

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

POLYCAB.NS vs. BAJAJ-AUTO.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
POLYCAB.NS Polycab India Limited	27.54%	5.35%	33.20%	114.71%	4.87%	139.11%	5.23%	52.31%
BAJAJ-AUTO.NS Bajaj Auto Limited	12.38%	8.82%	30.23%	93.71%	15.79%	-2.09%	12.86%	5.73%

Correlation

The correlation between POLYCAB.NS and BAJAJ-AUTO.NS is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (All Time) Calculated using the full available price history since Apr 18, 2019	0.27

The correlation between POLYCAB.NS and BAJAJ-AUTO.NS shifts across timeframes, from 0.27 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

POLYCAB.NS vs. BAJAJ-AUTO.NS — Risk / Return Rank

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

POLYCAB.NS

POLYCAB.NS Risk / Return Rank: 87
POLYCAB.NS Sharpe Ratio Rank: 90
POLYCAB.NS Sortino Ratio Rank: 88
POLYCAB.NS Omega Ratio Rank: 87
POLYCAB.NS Calmar Ratio Rank: 83
POLYCAB.NS Martin Ratio Rank: 88

BAJAJ-AUTO.NS

BAJAJ-AUTO.NS Risk / Return Rank: 73
BAJAJ-AUTO.NS Sharpe Ratio Rank: 76
BAJAJ-AUTO.NS Sortino Ratio Rank: 72
BAJAJ-AUTO.NS Omega Ratio Rank: 67
BAJAJ-AUTO.NS Calmar Ratio Rank: 74
BAJAJ-AUTO.NS Martin Ratio Rank: 77

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.

POLYCAB.NS vs. BAJAJ-AUTO.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Polycab India Limited (POLYCAB.NS) and Bajaj Auto Limited (BAJAJ-AUTO.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.

	POLYCAB.NS	BAJAJ-AUTO.NS	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.18	+1.10
Sortino ratio: Return per unit of downside risk	2.97	1.81	+1.16
Omega ratio: Gain probability vs. loss probability	1.38	1.21	+0.17
Calmar ratio: Return relative to maximum drawdown	3.12	1.92	+1.19
Martin ratio: Return relative to average drawdown	10.34	5.46	+4.89
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

POLYCAB.NS vs. BAJAJ-AUTO.NS - Sharpe Ratio Comparison

The current POLYCAB.NS Sharpe Ratio is 2.28, which is higher than the BAJAJ-AUTO.NS Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of POLYCAB.NS and BAJAJ-AUTO.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

	POLYCAB.NS	BAJAJ-AUTO.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.18	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.28	0.99	+0.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.34	0.84	+0.49

Drawdowns

POLYCAB.NS vs. BAJAJ-AUTO.NS - Drawdown Comparison

The maximum POLYCAB.NS drawdown since its inception was -49.83%, roughly equal to the maximum BAJAJ-AUTO.NS drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for POLYCAB.NS and BAJAJ-AUTO.NS.

Drawdown Indicators

	POLYCAB.NS	BAJAJ-AUTO.NS	Difference
Max Drawdown Largest peak-to-trough decline	-49.83%	-52.38%	+2.55%
Max Drawdown (1Y) Largest decline over 1 year	-21.08%	-13.63%	-7.45%
Max Drawdown (3Y) Largest decline over 3 years	-37.95%	-42.12%	+4.17%
Max Drawdown (5Y) Largest decline over 5 years	-37.95%	-42.12%	+4.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-42.12%	—
Current Drawdown Current decline from peak	0.00%	-14.83%	+14.83%
Average Drawdown Average peak-to-trough decline	-9.73%	-10.75%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.35%	5.05%	+1.30%

Volatility

POLYCAB.NS vs. BAJAJ-AUTO.NS - Volatility Comparison

Polycab India Limited (POLYCAB.NS) has a higher volatility of 8.42% compared to Bajaj Auto Limited (BAJAJ-AUTO.NS) at 7.00%. This indicates that POLYCAB.NS's price experiences larger fluctuations and is considered to be riskier than BAJAJ-AUTO.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POLYCAB.NS	BAJAJ-AUTO.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.42%	7.00%	+1.42%
Volatility (6M) Calculated over the trailing 6-month period	24.83%	17.84%	+6.99%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	22.22%	+6.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.68%	23.87%	+9.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.80%	25.43%	+10.37%

Dividends

POLYCAB.NS vs. BAJAJ-AUTO.NS - Dividend Comparison

POLYCAB.NS's dividend yield for the trailing twelve months is around 0.36%, less than BAJAJ-AUTO.NS's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAJAJ-AUTO.NS Bajaj Auto Limited	3.47%	2.25%	0.91%	2.05%	3.86%	4.31%	3.49%	1.89%	2.20%	1.65%	2.09%	1.97%
POLYCAB.NS Polycab India Limited	0.36%	0.46%	0.41%	0.36%	0.54%	0.41%	0.68%	0.30%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both POLYCAB.NS and BAJAJ-AUTO.NS in my portfolio?

POLYCAB.NS and BAJAJ-AUTO.NS have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.