BILI vs. BABA

Last updated Jun 3, 2026

BILI (Bilibili Inc.) and BABA (Alibaba Group Holding Limited) are both stocks. BILI operates in Electronic Gaming & Multimedia (Communication Services), while BABA operates in Internet Retail (Consumer Cyclical). Over the past 5 years, BILI returned -29.25%/yr vs -9.37%/yr for BABA. A 0.61 correlation means they provide meaningful diversification when combined.

Performance

BILI vs. BABA - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bilibili Inc. (BILI) and Alibaba Group Holding Limited (BABA). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILI achieves a -24.16% return, which is significantly lower than BABA's -13.21% return.

BILI

• 1D: 1.58%
• 1M: -15.03%
• YTD: -24.16%
• 6M: -27.77%
• 1Y: 1.03%
• 3Y*: 6.78%
• 5Y*: -29.25%
• 10Y*: —

BABA

• 1D: -2.76%
• 1M: -4.55%
• YTD: -13.21%
• 6M: -19.53%
• 1Y: 12.52%
• 3Y*: 16.70%
• 5Y*: -9.37%
• 10Y*: 5.74%

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

BILI vs. BABA - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BILI Bilibili Inc.	-24.16%	35.78%	48.81%	-48.63%	-48.94%	-45.87%	360.37%	27.62%	29.80%
BABA Alibaba Group Holding Limited	-13.21%	75.80%	11.77%	-10.83%	-25.84%	-48.96%	9.73%	54.74%	-23.39%

Correlation

The correlation between BILI and BABA is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018	0.61

The correlation between BILI and BABA shifts across timeframes, from 0.54 (1 year) to 0.68 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap BILI : $8.57B BABA : $307.20B
EPS BILI : $3.12 BABA : $33.90
PE Ratio BILI : 5.98 BABA : 3.75
PS Ratio BILI : 0.27 BABA : 0.38
PB Ratio BILI : 0.55 BABA : 0.29
Total Revenue (TTM) BILI : $30.77B BABA : $811.51B
Gross Profit (TTM) BILI : $11.33B BABA : $332.88B
EBITDA (TTM) BILI : $1.53B BABA : $112.44B

Return for Risk

BILI vs. BABA — Risk / Return Rank

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

BILI

BILI Risk / Return Rank: 40
BILI Sharpe Ratio Rank: 41
BILI Sortino Ratio Rank: 38
BILI Omega Ratio Rank: 38
BILI Calmar Ratio Rank: 40
BILI Martin Ratio Rank: 41

BABA

BABA Risk / Return Rank: 48
BABA Sharpe Ratio Rank: 50
BABA Sortino Ratio Rank: 49
BABA Omega Ratio Rank: 45
BABA Calmar Ratio Rank: 48
BABA Martin Ratio Rank: 48

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.

BILI vs. BABA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) and Alibaba Group Holding Limited (BABA). 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.

	BILI	BABA	Difference
Sharpe ratio Return per unit of total volatility	0.02	0.29	-0.27
Sortino ratio Return per unit of downside risk	0.40	0.81	-0.41
Omega ratio Gain probability vs. loss probability	1.05	1.09	-0.04
Calmar ratio Return relative to maximum drawdown	0.04	0.34	-0.31
Martin ratio Return relative to average drawdown	0.09	0.67	-0.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BILI vs. BABA - Sharpe Ratio Comparison

The current BILI Sharpe Ratio is 0.02, which is lower than the BABA Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of BILI and BABA, 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

	BILI	BABA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.02	0.29	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.37	-0.18	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.07	+0.01

Drawdowns

BILI vs. BABA - Drawdown Comparison

The maximum BILI drawdown since its inception was -94.30%, which is greater than BABA's maximum drawdown of -80.09%. Use the drawdown chart below to compare losses from any high point for BILI and BABA.

Drawdown Indicators

	BILI	BABA	Difference
Max Drawdown Largest peak-to-trough decline	-94.30%	-80.09%	-14.21%
Max Drawdown (1Y) Largest decline over 1 year	-52.06%	-36.77%	-15.29%
Max Drawdown (3Y) Largest decline over 3 years	-53.12%	-36.77%	-16.35%
Max Drawdown (5Y) Largest decline over 5 years	-92.97%	-72.48%	-20.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-80.09%	—
Current Drawdown Current decline from peak	-88.07%	-57.76%	-30.31%
Average Drawdown Average peak-to-trough decline	-57.87%	-37.51%	-20.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.54%	18.62%	+2.92%

Volatility

BILI vs. BABA - Volatility Comparison

Bilibili Inc. (BILI) has a higher volatility of 18.51% compared to Alibaba Group Holding Limited (BABA) at 14.74%. This indicates that BILI's price experiences larger fluctuations and is considered to be riskier than BABA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BILI	BABA	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.51%	14.74%	+3.77%
Volatility (6M) Calculated over the trailing 6-month period	36.10%	28.96%	+7.14%
Volatility (1Y) Calculated over the trailing 1-year period	50.11%	43.68%	+6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.22%	51.36%	+27.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.87%	43.38%	+30.49%

Dividends

BILI vs. BABA - Dividend Comparison

BILI has not paid dividends to shareholders, while BABA's dividend yield for the trailing twelve months is around 1.57%.

Position	TTM	2025	2024	2023
BABA Alibaba Group Holding Limited	1.57%	1.36%	1.96%	1.29%
BILI Bilibili Inc.	0.00%	0.00%	0.00%	0.00%

Financials

BILI vs. BABA - Profitability Comparison

The chart below illustrates the profitability comparison between Bilibili Inc. and Alibaba Group Holding Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

BILI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.

BABA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a gross profit of 11.75B and revenue of 35.15B. Therefore, the gross margin over that period was 33.4%.

BILI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.

BABA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported an operating income of -135.47M and revenue of 35.15B, resulting in an operating margin of -0.4%.

BILI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.

BABA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Alibaba Group Holding Limited reported a net income of 3.69B and revenue of 35.15B, resulting in a net margin of 10.5%.

Frequently Asked Questions

Can I hold both BILI and BABA in my portfolio?

BILI and BABA have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BILI or BABA?

BILI has higher volatility (18.51%) compared to BABA (14.74%). In terms of maximum drawdown, BILI dropped -94.30% vs BABA's -80.09%.

Which has better risk-adjusted returns?

BABA currently has the higher Sharpe Ratio (0.29 vs 0.02), 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.