LYFT vs. PDD

Last updated Jul 11, 2026

LYFT (Lyft, Inc.) and PDD (PDD Holdings Inc.) are both stocks. LYFT operates in Software - Application (Technology), while PDD operates in Internet Retail (Consumer Cyclical). Over the past 5 years, LYFT returned -23.62%/yr vs -5.18%/yr for PDD. At a 0.27 correlation, their price movements are largely independent.

Performance

LYFT vs. PDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lyft, Inc. (LYFT) and PDD Holdings Inc. (PDD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LYFT achieves a -19.41% return, which is significantly higher than PDD's -24.92% return.

LYFT

• 1D: -0.83%
• 1M: 13.86%
• 6M: -18.74%
• YTD: -19.41%
• 1Y: 4.69%
• 3Y*: 10.56%
• 5Y*: -23.62%
• 10Y*: —

PDD

• 1D: -0.87%
• 1M: 4.71%
• 6M: -29.38%
• YTD: -24.92%
• 1Y: -18.85%
• 3Y*: 6.22%
• 5Y*: -5.18%
• 10Y*: —

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

LYFT vs. PDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LYFT Lyft, Inc.	-19.41%	50.16%	-13.94%	36.03%	-74.21%	-13.03%	14.20%	-50.69%
PDD PDD Holdings Inc.	-24.92%	16.91%	-33.71%	79.41%	39.88%	-67.19%	369.78%	62.18%

Correlation

The correlation between LYFT and PDD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.33
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Mar 29, 2019	0.27

Fundamentals

Market Cap LYFT : $5.93B PDD : $121.17B
EPS LYFT : $6.95 PDD : CN¥64.36
PE Ratio LYFT : 2.25 PDD : 8.97
PEG Ratio LYFT : 0.00 PDD : 0.08
PS Ratio LYFT : 0.98 PDD : 1.94
PB Ratio LYFT : 2.08 PDD : 2.03
Total Revenue (TTM) LYFT : $6.52B PDD : CN¥441.76B
Gross Profit (TTM) LYFT : $2.82B PDD : CN¥247.30B
EBITDA (TTM) LYFT : $51.76M PDD : CN¥134.30B

Return for Risk

LYFT vs. PDD — Risk / Return Rank

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

LYFT

LYFT Risk / Return Rank: 45
LYFT Sharpe Ratio Rank: 47
LYFT Sortino Ratio Rank: 44
LYFT Omega Ratio Rank: 44
LYFT Calmar Ratio Rank: 46
LYFT Martin Ratio Rank: 45

PDD

PDD Risk / Return Rank: 24
PDD Sharpe Ratio Rank: 20
PDD Sortino Ratio Rank: 20
PDD Omega Ratio Rank: 20
PDD Calmar Ratio Rank: 32
PDD Martin Ratio Rank: 28

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.

LYFT vs. PDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyft, Inc. (LYFT) and PDD Holdings 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.

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.

	LYFT	PDD	Difference
Sharpe ratio: Return per unit of total volatility	0.04	-0.56	+0.60
Sortino ratio: Return per unit of downside risk	0.42	-0.61	+1.03
Omega ratio: Gain probability vs. loss probability	1.05	0.92	+0.13
Calmar ratio: Return relative to maximum drawdown	0.04	-0.40	+0.44
Martin ratio: Return relative to average drawdown	0.06	-0.84	+0.90

LYFT vs. PDD - Sharpe Ratio Comparison

The current LYFT Sharpe Ratio is 0.04, which is higher than the PDD Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of LYFT and PDD, 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

LYFT vs. PDD - Drawdown Comparison

The maximum LYFT drawdown since its inception was -90.84%, roughly equal to the maximum PDD drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for LYFT and PDD.

Drawdown Indicators

	LYFT	PDD	Difference
Max Drawdown Largest peak-to-trough decline	-90.84%	-87.41%	-3.43%
Max Drawdown (1Y) Largest decline over 1 year	-48.51%	-46.93%	-1.58%
Max Drawdown (3Y) Largest decline over 3 years	-55.23%	-53.48%	-1.75%
Max Drawdown (5Y) Largest decline over 5 years	-86.00%	-77.22%	-8.78%
Current Drawdown Current decline from peak	-82.11%	-58.03%	-24.08%
Average Drawdown Average peak-to-trough decline	-68.49%	-39.51%	-28.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	30.14%	22.53%	+7.61%

Volatility

LYFT vs. PDD - Volatility Comparison

Lyft, Inc. (LYFT) has a higher volatility of 13.25% compared to PDD Holdings Inc. (PDD) at 11.70%. This indicates that LYFT'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.

Volatility by Period

	LYFT	PDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.25%	11.70%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	34.98%	26.66%	+8.32%
Volatility (1Y) Calculated over the trailing 1-year period	50.54%	33.79%	+16.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	67.53%	68.03%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.05%	69.18%	-1.13%

Dividends

LYFT vs. PDD - Dividend Comparison

Neither LYFT nor PDD has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

LYFT vs. PDD - Profitability Comparison

The chart below illustrates the profitability comparison between Lyft, Inc. and PDD Holdings Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LYFT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Lyft, Inc. reported a gross profit of 786.35M and revenue of 1.65B. Therefore, the gross margin over that period was 47.6%.

PDD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, PDD Holdings Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.

LYFT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Lyft, Inc. reported an operating income of -5.33M and revenue of 1.65B, resulting in an operating margin of -0.3%.

PDD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, PDD Holdings Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.

LYFT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Lyft, Inc. reported a net income of 14.25M and revenue of 1.65B, resulting in a net margin of 0.9%.

PDD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, PDD Holdings Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.

Frequently Asked Questions

Can I hold both LYFT and PDD in my portfolio?

LYFT and PDD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LYFT or PDD?

LYFT has higher volatility (13.25%) compared to PDD (11.70%). In terms of maximum drawdown, LYFT dropped -90.84% vs PDD's -87.41%.

Which has better risk-adjusted returns?

LYFT currently has the higher Sharpe Ratio (0.04 vs -0.56), 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.