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HDB correlations (HDFC Bank Limited)

Every correlation that matters for HDB: the assets it tracks, the ones that offset it, and where it sits among 4756 US stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

25.1%

3y weekly

Beta vs S&P 500

0.44

3y weekly

1-year return

-37.9%

price, adjusted

5-year return

-38.6%

price, adjusted

Market cap

$115.4B

latest

P/E ratio

15.7

trailing

Dividend yield

56.11%

trailing

Max drawdown

-42.4%

3y, daily closes

HDB over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with HDB

Asset		Correlation (3Y)
IIF	Morgan Stanley India Investment Fund, Inc.	0.61
IBN	ICICI Bank Limited	0.58
IFN	Aberdeen India Fund, Inc.	0.47
MSD	Morgan Stanley Emerging Markets Debt Fund, Inc.	0.39
TEI	Templeton Emerging Markets Income Fund, Inc.	0.38

These are the assets whose returns had the least to do with HDB's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
DFNS	T3 Defense Inc.	-0.28
PHUN	Phunware, Inc.	-0.26
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.26

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/hdb.json

Correlations, diversifiers, beta and volatility for HDB, plus one endpoint per pair. API documentation.