HEPS vs. PDD
HEPS (D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi) and PDD (Pinduoduo Inc.) are both stocks. Both operate in the Internet Retail industry within the Consumer Cyclical sector. Over the past 3 years, HEPS returned 32.92%/yr vs 7.09%/yr for PDD. At a 0.22 correlation, their price movements are largely independent.
Performance
HEPS vs. PDD - Performance Comparison
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Returns By Period
In the year-to-date period, HEPS achieves a 3.23% return, which is significantly higher than PDD's -24.68% return.
HEPS
- 1D
- -2.66%
- 1M
- -8.24%
- YTD
- 3.23%
- 6M
- 8.02%
- 1Y
- -0.78%
- 3Y*
- 32.92%
- 5Y*
- —
- 10Y*
- —
PDD
- 1D
- -3.15%
- 1M
- -12.67%
- YTD
- -24.68%
- 6M
- -27.13%
- 1Y
- -13.15%
- 3Y*
- 7.09%
- 5Y*
- -8.36%
- 10Y*
- —
HEPS vs. PDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
HEPS D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi | 3.23% | -18.15% | 68.33% | 172.73% | -65.45% | -85.78% |
PDD Pinduoduo Inc. | -24.68% | 16.91% | -33.71% | 79.41% | 39.88% | -52.15% |
Correlation
The correlation between HEPS and PDD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2021 | 0.22 |
Fundamentals
HEPS:
$940.54M
PDD:
$126.39B
HEPS:
-$18.86
PDD:
$64.39
HEPS:
0.01
PDD:
0.29
HEPS:
0.77
PDD:
0.30
HEPS:
$90.14B
PDD:
$441.76B
HEPS:
$32.63B
PDD:
$247.30B
HEPS:
$2.16B
PDD:
$134.30B
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Return for Risk
HEPS vs. PDD — Risk / Return Rank
HEPS
PDD
HEPS vs. PDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS) 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.
| HEPS | PDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 0.95 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.03 | -0.33 | +0.30 |
| Martin ratioReturn relative to average drawdown | -0.05 | -0.72 | +0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HEPS | PDD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.01 | -0.41 | +0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.39 | 0.23 | -0.62 |
Drawdowns
HEPS vs. PDD - Drawdown Comparison
The maximum HEPS drawdown since its inception was -95.74%, which is greater than PDD's maximum drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for HEPS and PDD.
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Drawdown Indicators
| HEPS | PDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.74% | -87.41% | -8.33% |
Max Drawdown (1Y)Largest decline over 1 year | -28.52% | -39.89% | +11.37% |
Max Drawdown (3Y)Largest decline over 3 years | -40.76% | -47.31% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | — | -80.88% | — |
Current DrawdownCurrent decline from peak | -82.05% | -57.89% | -24.16% |
Average DrawdownAverage peak-to-trough decline | -82.29% | -39.27% | -43.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.59% | 18.38% | -2.79% |
Volatility
HEPS vs. PDD - Volatility Comparison
The current volatility for D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi (HEPS) is 11.24%, while Pinduoduo Inc. (PDD) has a volatility of 16.57%. This indicates that HEPS experiences smaller price fluctuations and is considered to be less risky than PDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HEPS | PDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.24% | 16.57% | -5.33% |
Volatility (6M)Calculated over the trailing 6-month period | 48.00% | 25.42% | +22.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 56.20% | 32.48% | +23.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 73.55% | 68.13% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.55% | 69.50% | +4.05% |
Dividends
HEPS vs. PDD - Dividend Comparison
Neither HEPS nor PDD has paid dividends to shareholders.
Financials
HEPS vs. PDD - Financials Comparison
This section allows you to compare key financial metrics between D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi 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
HEPS vs. PDD - Profitability Comparison
HEPS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported a gross profit of 8.50B and revenue of 23.14B. Therefore, the gross margin over that period was 36.7%.
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%.
HEPS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported an operating income of -439.57M and revenue of 23.14B, resulting in an operating margin of -1.9%.
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%.
HEPS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi reported a net income of -991.97M and revenue of 23.14B, resulting in a net margin of -4.3%.
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
HEPS and PDD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (16.57%) compared to HEPS (11.24%). In terms of maximum drawdown, HEPS dropped -95.74% vs PDD's -87.41%.
HEPS currently has the higher Sharpe Ratio (-0.01 vs -0.41), 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.
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