DIDIY vs. ^GSPC

Last updated Jul 14, 2026

DIDIY (Didi Global Inc ADR) is a stock, while ^GSPC (S&P 500 Index) is an index. Over the past 3 years, DIDIY returned 4.35%/yr vs 18.60%/yr for ^GSPC. At a 0.26 correlation, their price movements are largely independent.

Performance

DIDIY vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Didi Global Inc ADR (DIDIY) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DIDIY achieves a -33.71% return, which is significantly lower than ^GSPC's 9.79% return.

DIDIY

• 1D: -1.13%
• 1M: -4.37%
• 6M: -31.24%
• YTD: -33.71%
• 1Y: -31.91%
• 3Y*: 4.35%
• 5Y*: —
• 10Y*: —

^GSPC

• 1D: -0.79%
• 1M: 1.13%
• 6M: 7.71%
• YTD: 9.79%
• 1Y: 20.06%
• 3Y*: 18.60%
• 5Y*: 11.43%
• 10Y*: 13.27%

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

DIDIY vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DIDIY Didi Global Inc ADR	-33.71%	15.54%	15.70%	24.21%	-14.05%
^GSPC S&P 500 Index	9.79%	16.39%	23.31%	24.23%	0.45%

Correlation

The correlation between DIDIY and ^GSPC is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.24
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022	0.26

Return for Risk

DIDIY vs. ^GSPC — Risk / Return Rank

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

DIDIY

DIDIY Risk / Return Rank: 20
DIDIY Sharpe Ratio Rank: 16
DIDIY Sortino Ratio Rank: 17
DIDIY Omega Ratio Rank: 19
DIDIY Calmar Ratio Rank: 22
DIDIY Martin Ratio Rank: 24

^GSPC

^GSPC Risk / Return Rank: 71
^GSPC Sharpe Ratio Rank: 69
^GSPC Sortino Ratio Rank: 69
^GSPC Omega Ratio Rank: 74
^GSPC Calmar Ratio Rank: 62
^GSPC Martin Ratio Rank: 79

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.

DIDIY vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Didi Global Inc ADR (DIDIY) and S&P 500 Index (^GSPC). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	DIDIY	^GSPC	Difference
Sharpe ratio: Return per unit of total volatility	-0.65	1.61	-2.25
Sortino ratio: Return per unit of downside risk	-0.75	2.22	-2.98
Omega ratio: Gain probability vs. loss probability	0.92	1.29	-0.37
Calmar ratio: Return relative to maximum drawdown	-0.62	2.21	-2.83
Martin ratio: Return relative to average drawdown	-0.99	9.61	-10.60

DIDIY vs. ^GSPC - Sharpe Ratio Comparison

The current DIDIY Sharpe Ratio is -0.65, which is lower than the ^GSPC Sharpe Ratio of 1.61. The chart below compares the historical Sharpe Ratios of DIDIY and ^GSPC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DIDIY vs. ^GSPC - Drawdown Comparison

The maximum DIDIY drawdown since its inception was -51.94%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DIDIY and ^GSPC.

Drawdown Indicators

	DIDIY	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-51.94%	-56.78%	+4.84%
Max Drawdown (1Y) Largest decline over 1 year	-51.94%	-9.10%	-42.84%
Max Drawdown (3Y) Largest decline over 3 years	-51.94%	-18.90%	-33.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-25.43%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-49.78%	-1.24%	-48.54%
Average Drawdown Average peak-to-trough decline	-21.11%	-10.71%	-10.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	32.23%	2.09%	+30.14%

Volatility

DIDIY vs. ^GSPC - Volatility Comparison

Didi Global Inc ADR (DIDIY) has a higher volatility of 12.56% compared to S&P 500 Index (^GSPC) at 3.96%. This indicates that DIDIY's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DIDIY	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.56%	3.96%	+8.60%
Volatility (6M) Calculated over the trailing 6-month period	30.03%	9.99%	+20.04%
Volatility (1Y) Calculated over the trailing 1-year period	49.65%	12.57%	+37.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	51.16%	17.01%	+34.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	51.16%	18.05%	+33.11%

Frequently Asked Questions

Can I hold both DIDIY and ^GSPC in my portfolio?

DIDIY and ^GSPC have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DIDIY or ^GSPC?

DIDIY has higher volatility (12.56%) compared to ^GSPC (3.96%). In terms of maximum drawdown, DIDIY dropped -51.94% vs ^GSPC's -56.78%.

Which has better risk-adjusted returns?

^GSPC currently has the higher Sharpe Ratio (1.61 vs -0.65), 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.