BILI vs. PDD
BILI (Bilibili Inc.) and PDD (Pinduoduo Inc.) are both stocks. BILI operates in Electronic Gaming & Multimedia (Communication Services), while PDD operates in Internet Retail (Consumer Cyclical). Over the past 5 years, BILI returned -30.02%/yr vs -8.02%/yr for PDD. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
BILI vs. PDD - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with BILI having a -26.96% return and PDD slightly lower at -27.14%.
BILI
- 1D
- 2.86%
- 1M
- -18.59%
- YTD
- -26.96%
- 6M
- -30.92%
- 1Y
- -4.21%
- 3Y*
- 3.69%
- 5Y*
- -30.02%
- 10Y*
- —
PDD
- 1D
- -2.88%
- 1M
- -16.36%
- YTD
- -27.14%
- 6M
- -29.76%
- 1Y
- -17.87%
- 3Y*
- 2.78%
- 5Y*
- -8.02%
- 10Y*
- —
BILI vs. PDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BILI Bilibili Inc. | -26.96% | 35.78% | 48.81% | -48.63% | -48.94% | -45.87% | 360.37% | 27.62% | 14.25% |
PDD Pinduoduo Inc. | -27.14% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.96% |
Correlation
The correlation between BILI and PDD is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.57 |
The correlation between BILI and PDD shifts across timeframes, from 0.44 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BILI:
$8.25B
PDD:
$122.28B
BILI:
$3.12
PDD:
$64.39
BILI:
5.76
PDD:
1.28
BILI:
0.26
PDD:
0.28
BILI:
0.53
PDD:
0.29
BILI:
$30.77B
PDD:
$441.76B
BILI:
$11.33B
PDD:
$247.30B
BILI:
$1.53B
PDD:
$134.30B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BILI vs. PDD — Risk / Return Rank
BILI
PDD
BILI vs. PDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) and Pinduoduo Inc. (PDD). 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 | PDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.93 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.45 | +0.37 |
| Martin ratioReturn relative to average drawdown | -0.19 | -0.95 | +0.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| BILI | PDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -0.55 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.12 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.22 | -0.14 |
Drawdowns
BILI vs. PDD - Drawdown Comparison
The maximum BILI drawdown since its inception was -94.30%, which is greater than PDD's maximum drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for BILI and PDD.
Loading charts...
Drawdown Indicators
| BILI | PDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -87.41% | -6.89% |
Max Drawdown (1Y)Largest decline over 1 year | -52.06% | -40.19% | -11.87% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -47.57% | -5.55% |
Max Drawdown (5Y)Largest decline over 5 years | -92.97% | -80.88% | -12.09% |
Current DrawdownCurrent decline from peak | -88.51% | -59.26% | -29.25% |
Average DrawdownAverage peak-to-trough decline | -57.93% | -39.30% | -18.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 18.86% | +3.59% |
Volatility
BILI vs. PDD - Volatility Comparison
Bilibili Inc. (BILI) has a higher volatility of 18.85% compared to Pinduoduo Inc. (PDD) at 15.43%. This indicates that BILI's price experiences larger fluctuations and is considered to be riskier than PDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BILI | PDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 15.43% | +3.42% |
Volatility (6M)Calculated over the trailing 6-month period | 36.38% | 25.54% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.46% | 32.57% | +17.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.18% | 68.12% | +11.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.83% | 69.46% | +4.37% |
Dividends
BILI vs. PDD - Dividend Comparison
Neither BILI nor PDD has paid dividends to shareholders.
Financials
BILI vs. PDD - Financials Comparison
This section allows you to compare key financial metrics between Bilibili Inc. and Pinduoduo Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
BILI vs. PDD - Profitability Comparison
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%.
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.
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%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
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%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
Frequently Asked Questions
BILI and PDD have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILI has higher volatility (18.85%) compared to PDD (15.43%). In terms of maximum drawdown, BILI dropped -94.30% vs PDD's -87.41%.
BILI currently has the higher Sharpe Ratio (-0.08 vs -0.55), 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.
Find the right allocation for BILI and PDD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer