VBL.NS vs. AXISBANK.NS

Last updated Jun 5, 2026

VBL.NS (Varun Beverages Limited) and AXISBANK.NS (Axis Bank Limited) are both stocks. VBL.NS operates in Beverages - Non-Alcoholic (Consumer Defensive), while AXISBANK.NS operates in Banks - Regional (Financial Services). Over the past 5 years, VBL.NS returned 41.64%/yr vs 11.14%/yr for AXISBANK.NS. At a 0.16 correlation, their price movements are largely independent.

Performance

VBL.NS vs. AXISBANK.NS - Performance Comparison

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

Returns By Period

In the year-to-date period, VBL.NS achieves a 8.11% return, which is significantly higher than AXISBANK.NS's -1.27% return.

VBL.NS

• 1D: -0.94%
• 1M: 3.26%
• YTD: 8.11%
• 6M: 10.35%
• 1Y: 13.31%
• 3Y*: 16.03%
• 5Y*: 41.64%
• 10Y*: —

AXISBANK.NS

• 1D: -0.15%
• 1M: -0.51%
• YTD: -1.27%
• 6M: -2.09%
• 1Y: 7.12%
• 3Y*: 9.74%
• 5Y*: 11.14%
• 10Y*: 9.20%

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

VBL.NS vs. AXISBANK.NS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VBL.NS Varun Beverages Limited	8.11%	-23.06%	29.27%	87.45%	123.89%	45.93%	29.70%	36.05%	20.46%	72.50%
AXISBANK.NS Axis Bank Limited	-1.27%	19.33%	-3.34%	18.17%	37.82%	9.36%	-17.72%	21.80%	9.92%	26.57%

Correlation

The correlation between VBL.NS and AXISBANK.NS is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.16
Correlation (All Time) Calculated using the full available price history since Nov 9, 2016	0.16

The correlation between VBL.NS and AXISBANK.NS shifts across timeframes, from 0.16 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

VBL.NS vs. AXISBANK.NS — Risk / Return Rank

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

VBL.NS

VBL.NS Risk / Return Rank: 54
VBL.NS Sharpe Ratio Rank: 57
VBL.NS Sortino Ratio Rank: 53
VBL.NS Omega Ratio Rank: 50
VBL.NS Calmar Ratio Rank: 54
VBL.NS Martin Ratio Rank: 55

AXISBANK.NS

AXISBANK.NS Risk / Return Rank: 49
AXISBANK.NS Sharpe Ratio Rank: 52
AXISBANK.NS Sortino Ratio Rank: 45
AXISBANK.NS Omega Ratio Rank: 45
AXISBANK.NS Calmar Ratio Rank: 51
AXISBANK.NS Martin Ratio Rank: 52

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.

VBL.NS vs. AXISBANK.NS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Varun Beverages Limited (VBL.NS) and Axis Bank Limited (AXISBANK.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.

	VBL.NS	AXISBANK.NS	Difference
Sharpe ratio: Return per unit of total volatility	0.46	0.31	+0.16
Sortino ratio: Return per unit of downside risk	0.93	0.60	+0.33
Omega ratio: Gain probability vs. loss probability	1.11	1.08	+0.03
Calmar ratio: Return relative to maximum drawdown	0.50	0.41	+0.09
Martin ratio: Return relative to average drawdown	1.26	0.93	+0.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VBL.NS vs. AXISBANK.NS - Sharpe Ratio Comparison

The current VBL.NS Sharpe Ratio is 0.46, which is higher than the AXISBANK.NS Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of VBL.NS and AXISBANK.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

	VBL.NS	AXISBANK.NS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.31	+0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.23	0.47	+0.76
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.57	+0.51

Drawdowns

VBL.NS vs. AXISBANK.NS - Drawdown Comparison

The maximum VBL.NS drawdown since its inception was -43.09%, smaller than the maximum AXISBANK.NS drawdown of -77.81%. Use the drawdown chart below to compare losses from any high point for VBL.NS and AXISBANK.NS.

Drawdown Indicators

	VBL.NS	AXISBANK.NS	Difference
Max Drawdown Largest peak-to-trough decline	-43.09%	-77.81%	+34.72%
Max Drawdown (1Y) Largest decline over 1 year	-26.80%	-17.23%	-9.57%
Max Drawdown (3Y) Largest decline over 3 years	-43.09%	-28.03%	-15.06%
Max Drawdown (5Y) Largest decline over 5 years	-43.09%	-28.03%	-15.06%
Max Drawdown (10Y) Largest decline over 10 years	—	-63.11%	—
Current Drawdown Current decline from peak	-21.15%	-10.67%	-10.48%
Average Drawdown Average peak-to-trough decline	-9.91%	-18.04%	+8.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	7.63%	+2.93%

Volatility

VBL.NS vs. AXISBANK.NS - Volatility Comparison

Varun Beverages Limited (VBL.NS) has a higher volatility of 7.07% compared to Axis Bank Limited (AXISBANK.NS) at 5.02%. This indicates that VBL.NS's price experiences larger fluctuations and is considered to be riskier than AXISBANK.NS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VBL.NS	AXISBANK.NS	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.07%	5.02%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	21.14%	19.24%	+1.90%
Volatility (1Y) Calculated over the trailing 1-year period	28.69%	23.04%	+5.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.58%	24.06%	+10.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.82%	32.08%	+2.74%

Dividends

VBL.NS vs. AXISBANK.NS - Dividend Comparison

VBL.NS's dividend yield for the trailing twelve months is around 0.28%, more than AXISBANK.NS's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AXISBANK.NS Axis Bank Limited	0.08%	0.08%	0.09%	0.09%	0.11%	0.00%	0.00%	0.13%	0.00%	0.89%	1.11%	1.02%
VBL.NS Varun Beverages Limited	0.28%	0.31%	0.16%	0.14%	0.19%	0.28%	0.27%	0.35%	0.32%	0.38%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both VBL.NS and AXISBANK.NS in my portfolio?

VBL.NS and AXISBANK.NS have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.