NTES vs. BIDU
NTES (NetEase, Inc.) and BIDU (Baidu, Inc.) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 10 years, NTES returned 15.30%/yr vs -3.61%/yr for BIDU. At a 0.46 correlation, their price movements are largely independent.
Performance
NTES vs. BIDU - Performance Comparison
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Returns By Period
In the year-to-date period, NTES achieves a -11.97% return, which is significantly higher than BIDU's -15.70% return. Over the past 10 years, NTES has outperformed BIDU with an annualized return of 15.30%, while BIDU has yielded a comparatively lower -3.61% annualized return.
NTES
- 1D
- -1.91%
- 1M
- 2.92%
- YTD
- -11.97%
- 6M
- -12.24%
- 1Y
- -6.27%
- 3Y*
- 11.43%
- 5Y*
- 4.30%
- 10Y*
- 15.30%
BIDU
- 1D
- -1.43%
- 1M
- -13.81%
- YTD
- -15.70%
- 6M
- -11.06%
- 1Y
- 30.76%
- 3Y*
- -7.53%
- 5Y*
- -10.78%
- 10Y*
- -3.61%
NTES vs. BIDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NTES NetEase, Inc. | -11.97% | 58.28% | -1.73% | 30.59% | -27.35% | 7.11% | 57.88% | 34.66% | -31.31% | 62.21% |
BIDU Baidu, Inc. | -15.70% | 54.98% | -29.20% | 4.12% | -23.13% | -31.19% | 71.08% | -20.30% | -32.28% | 42.45% |
Correlation
The correlation between NTES and BIDU is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.57 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 5, 2005 | 0.46 |
The correlation between NTES and BIDU shifts across timeframes, from 0.43 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
NTES:
$76.97B
BIDU:
$38.05B
NTES:
CN¥52.95
BIDU:
CN¥3.78
NTES:
15.24
BIDU:
197.04
NTES:
0.72
BIDU:
8.95
NTES:
4.55
BIDU:
1.99
NTES:
3.16
BIDU:
0.96
NTES:
CN¥114.39B
BIDU:
CN¥128.51B
NTES:
CN¥75.14B
BIDU:
CN¥54.09B
NTES:
CN¥40.24B
BIDU:
CN¥23.17B
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Return for Risk
NTES vs. BIDU — Risk / Return Rank
NTES
BIDU
NTES vs. BIDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for NetEase, Inc. (NTES) and Baidu, Inc. (BIDU). 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.
| NTES | BIDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.15 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.21 | 0.90 | -1.10 |
| Martin ratioReturn relative to average drawdown | -0.36 | 1.85 | -2.21 |
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Drawdowns
NTES vs. BIDU - Drawdown Comparison
The maximum NTES drawdown since its inception was -96.54%, which is greater than BIDU's maximum drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for NTES and BIDU.
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Drawdown Indicators
| NTES | BIDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.54% | -77.47% | -19.07% |
Max Drawdown (1Y)Largest decline over 1 year | -30.46% | -34.41% | +3.95% |
Max Drawdown (3Y)Largest decline over 3 years | -33.97% | -50.73% | +16.76% |
Max Drawdown (5Y)Largest decline over 5 years | -51.38% | -63.13% | +11.75% |
Max Drawdown (10Y)Largest decline over 10 years | -57.34% | -77.47% | +20.13% |
Current DrawdownCurrent decline from peak | -23.66% | -67.60% | +43.94% |
Average DrawdownAverage peak-to-trough decline | -24.65% | -35.60% | +10.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.51% | 16.64% | +0.87% |
Volatility
NTES vs. BIDU - Volatility Comparison
The current volatility for NetEase, Inc. (NTES) is 9.09%, while Baidu, Inc. (BIDU) has a volatility of 13.48%. This indicates that NTES experiences smaller price fluctuations and is considered to be less risky than BIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NTES | BIDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.09% | 13.48% | -4.39% |
Volatility (6M)Calculated over the trailing 6-month period | 21.00% | 35.62% | -14.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.40% | 50.55% | -21.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.68% | 51.98% | -8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.83% | 46.30% | -4.47% |
Dividends
NTES vs. BIDU - Dividend Comparison
NTES's dividend yield for the trailing twelve months is around 2.53%, while BIDU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIDU Baidu, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
NTES NetEase, Inc. | 2.53% | 2.21% | 2.74% | 1.88% | 2.10% | 0.80% | 0.97% | 3.19% | 0.71% | 1.05% | 1.36% | 0.98% |
Financials
NTES vs. BIDU - Financials Comparison
This section allows you to compare key financial metrics between NetEase, Inc. and Baidu, 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
NTES vs. BIDU - Profitability Comparison
NTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported a gross profit of 21.22B and revenue of 30.59B. Therefore, the gross margin over that period was 69.4%.
BIDU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported a gross profit of 12.41B and revenue of 31.88B. Therefore, the gross margin over that period was 38.9%.
NTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported an operating income of 12.66B and revenue of 30.59B, resulting in an operating margin of 41.4%.
BIDU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported an operating income of 3.17B and revenue of 31.88B, resulting in an operating margin of 10.0%.
NTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, NetEase, Inc. reported a net income of 10.67B and revenue of 30.59B, resulting in a net margin of 34.9%.
BIDU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported a net income of 3.42B and revenue of 31.88B, resulting in a net margin of 10.7%.
Frequently Asked Questions
NTES and BIDU have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIDU has higher volatility (13.48%) compared to NTES (9.09%). In terms of maximum drawdown, NTES dropped -96.54% vs BIDU's -77.47%.
BIDU currently has the higher Sharpe Ratio (0.61 vs -0.21), 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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