GDS vs. RTX

Last updated Apr 1, 2026

Compare and contrast key facts about GDS Holdings Limited (GDS) and Raytheon Technologies Corporation (RTX).

Performance

GDS vs. RTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GDS Holdings Limited (GDS) and Raytheon Technologies Corporation (RTX). The values are adjusted to include any dividend payments, if applicable.

GDS vs. RTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GDS GDS Holdings Limited	15.44%	46.89%	160.53%	-55.77%	-56.28%	-49.64%	81.54%	123.39%	2.49%	161.98%
RTX Raytheon Technologies Corporation	5.53%	61.44%	40.76%	-14.44%	20.01%	23.27%	-7.70%	43.82%	-14.66%	19.13%

Fundamentals

Market Cap GDS : $7.83B RTX : $262.67B
EPS GDS : $4.30 RTX : $4.96
PE Ratio GDS : 9.37 RTX : 38.88
PS Ratio GDS : 0.79 RTX : 2.95
PB Ratio GDS : 0.30 RTX : 4.03
Total Revenue (TTM) GDS : $11.39B RTX : $88.60B
Gross Profit (TTM) GDS : $2.52B RTX : $17.79B
EBITDA (TTM) GDS : $6.03B RTX : $13.63B

Returns By Period

In the year-to-date period, GDS achieves a 15.44% return, which is significantly higher than RTX's 5.53% return.

GDS

• 1D: 2.60%
• 1M: -2.47%
• YTD: 15.44%
• 6M: 4.11%
• 1Y: 59.06%
• 3Y*: 29.25%
• 5Y*: -13.36%
• 10Y*: —

RTX

• 1D: 3.07%
• 1M: -4.80%
• YTD: 5.53%
• 6M: 16.12%
• 1Y: 48.09%
• 3Y*: 28.12%
• 5Y*: 22.79%
• 10Y*: 16.43%

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

Return for Risk

GDS vs. RTX — Risk / Return Rank

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

GDS

GDS Risk / Return Rank: 72
GDS Sharpe Ratio Rank: 72
GDS Sortino Ratio Rank: 70
GDS Omega Ratio Rank: 66
GDS Calmar Ratio Rank: 75
GDS Martin Ratio Rank: 75

RTX

RTX Risk / Return Rank: 88
RTX Sharpe Ratio Rank: 88
RTX Sortino Ratio Rank: 83
RTX Omega Ratio Rank: 87
RTX Calmar Ratio Rank: 88
RTX Martin Ratio Rank: 94

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.

GDS vs. RTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GDS Holdings Limited (GDS) and Raytheon Technologies Corporation (RTX). 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.

	GDS	RTX	Difference
Sharpe ratio Return per unit of total volatility	0.88	1.73	-0.84
Sortino ratio Return per unit of downside risk	1.57	2.25	-0.68
Omega ratio Gain probability vs. loss probability	1.19	1.35	-0.16
Calmar ratio Return relative to maximum drawdown	1.82	3.36	-1.54
Martin ratio Return relative to average drawdown	4.59	14.15	-9.56
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GDS vs. RTX - Sharpe Ratio Comparison

The current GDS Sharpe Ratio is 0.88, which is lower than the RTX Sharpe Ratio of 1.73. The chart below compares the historical Sharpe Ratios of GDS and RTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GDS	RTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.88	1.73	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.16	0.97	-1.13
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.44	-0.23

Correlation

The correlation between GDS and RTX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

GDS vs. RTX - Dividend Comparison

GDS has not paid dividends to shareholders, while RTX's dividend yield for the trailing twelve months is around 1.41%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GDS GDS Holdings Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RTX Raytheon Technologies Corporation	1.41%	1.46%	2.14%	2.76%	2.14%	2.33%	21.21%	1.96%	2.66%	2.13%	2.39%	2.66%

Drawdowns

GDS vs. RTX - Drawdown Comparison

The maximum GDS drawdown since its inception was -95.63%, which is greater than RTX's maximum drawdown of -55.14%. Use the drawdown chart below to compare losses from any high point for GDS and RTX.

Drawdown Indicators

	GDS	RTX	Difference
Max Drawdown Largest peak-to-trough decline	-95.63%	-55.14%	-40.49%
Max Drawdown (1Y) Largest decline over 1 year	-32.78%	-14.57%	-18.21%
Max Drawdown (5Y) Largest decline over 5 years	-94.18%	-32.84%	-61.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.98%	—
Current Drawdown Current decline from peak	-65.18%	-9.08%	-56.10%
Average Drawdown Average peak-to-trough decline	-46.40%	-13.03%	-33.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.99%	3.46%	+9.53%

Volatility

GDS vs. RTX - Volatility Comparison

GDS Holdings Limited (GDS) has a higher volatility of 17.09% compared to Raytheon Technologies Corporation (RTX) at 7.24%. This indicates that GDS's price experiences larger fluctuations and is considered to be riskier than RTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GDS	RTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.09%	7.24%	+9.85%
Volatility (6M) Calculated over the trailing 6-month period	42.54%	18.20%	+24.34%
Volatility (1Y) Calculated over the trailing 1-year period	67.07%	27.98%	+39.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	85.66%	23.54%	+62.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.24%	27.57%	+45.67%

Financials

GDS vs. RTX - Profitability Comparison

The chart below illustrates the profitability comparison between GDS Holdings Limited and Raytheon Technologies Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GDS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, GDS Holdings Limited reported a gross profit of 546.63M and revenue of 2.88B. Therefore, the gross margin over that period was 19.0%.

RTX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported a gross profit of 4.72B and revenue of 24.24B. Therefore, the gross margin over that period was 19.5%.

GDS - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, GDS Holdings Limited reported an operating income of 358.25M and revenue of 2.88B, resulting in an operating margin of 12.4%.

RTX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported an operating income of 2.31B and revenue of 24.24B, resulting in an operating margin of 9.5%.

GDS - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, GDS Holdings Limited reported a net income of -460.61M and revenue of 2.88B, resulting in a net margin of -16.0%.

RTX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Raytheon Technologies Corporation reported a net income of 1.62B and revenue of 24.24B, resulting in a net margin of 6.7%.