PDD vs. DXCM
PDD (PDD Holdings Inc.) and DXCM (DexCom, Inc.) are both stocks. PDD operates in Internet Retail (Consumer Cyclical), while DXCM operates in Diagnostics & Research (Healthcare). Over the past 5 years, PDD returned -0.67%/yr vs -8.33%/yr for DXCM. Their 0.23 correlation means their historical movements had little consistent relationship.
Performance
PDD vs. DXCM - Performance Comparison
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Returns By Period
In the year-to-date period, PDD achieves a -21.90% return, which is significantly lower than DXCM's 25.73% return.
PDD
- 1D
- 1.28%
- 1M
- 7.32%
- 6M
- -12.36%
- YTD
- -21.90%
- 1Y
- -21.94%
- 3Y*
- -0.57%
- 5Y*
- -0.67%
- 10Y*
- —
- ALL TIME*
- 16.25%
DXCM
- 1D
- 11.95%
- 1M
- 21.19%
- 6M
- 14.25%
- YTD
- 25.73%
- 1Y
- 3.32%
- 3Y*
- -11.89%
- 5Y*
- -8.33%
- 10Y*
- 13.66%
- ALL TIME*
- 16.87%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
DXCM DexCom, Inc. | $381.17M | $359.84M | $403.63M |
| $489.49M | $566.14M | $770.02M |
PDD vs. DXCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | -21.90% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.32% |
DXCM DexCom, Inc. | 25.73% | -14.66% | -37.33% | 9.58% | -15.64% | 45.23% | 69.02% | 82.59% | 15.51% |
Correlation
The correlation between PDD and DXCM is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.23 |
Fundamentals
PDD:
$126.06B
DXCM:
$32.20B
PDD:
CN¥64.36
DXCM:
$2.51
PDD:
9.29
DXCM:
33.22
PDD:
0.08
DXCM:
0.79
PDD:
2.01
DXCM:
6.68
PDD:
2.10
DXCM:
12.47
PDD:
CN¥441.76B
DXCM:
$4.97B
PDD:
CN¥247.30B
DXCM:
$3.12B
PDD:
CN¥134.30B
DXCM:
$1.41B
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Return for Risk
PDD vs. DXCM — Risk / Return Rank
PDD
DXCM
PDD vs. DXCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and DexCom, Inc. (DXCM). 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.
| PDD | DXCM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.05 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 0.10 | -0.57 |
| Martin ratioReturn relative to average drawdown | -0.90 | 0.19 | -1.09 |
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Drawdowns
PDD vs. DXCM - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, smaller than the maximum DXCM drawdown of -94.61%. Use the drawdown chart below to compare losses from any high point for PDD and DXCM.
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Drawdown Indicators
| PDD | DXCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -94.61% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -46.93% | -33.33% | -13.60% |
Max Drawdown (3Y)Largest decline over 3 years | -53.48% | -60.95% | +7.47% |
Max Drawdown (5Y)Largest decline over 5 years | -76.30% | -66.32% | -9.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -66.32% | — |
Current DrawdownCurrent decline from peak | -56.34% | -48.75% | -7.59% |
Average DrawdownAverage peak-to-trough decline | -39.65% | -36.14% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.37% | 17.53% | +6.84% |
Volatility
PDD vs. DXCM - Volatility Comparison
The current volatility for PDD Holdings Inc. (PDD) is 7.74%, while DexCom, Inc. (DXCM) has a volatility of 15.95%. This indicates that PDD experiences smaller price fluctuations and is considered to be less risky than DXCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | DXCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 15.95% | -8.21% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 29.74% | -3.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.67% | 42.91% | -9.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.32% | 47.22% | +20.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.97% | 48.66% | +20.31% |
Dividends
PDD vs. DXCM - Dividend Comparison
Neither PDD nor DXCM has paid dividends to shareholders.
Financials
PDD vs. DXCM - Financials Comparison
This section allows you to compare key financial metrics between PDD Holdings Inc. and DexCom, 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
PDD vs. DXCM - Profitability Comparison
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
DXCM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported a gross profit of 830.00M and revenue of 1.31B. Therefore, the gross margin over that period was 63.4%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, PDD Holdings Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
DXCM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported an operating income of 318.30M and revenue of 1.31B, resulting in an operating margin of 24.3%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, PDD Holdings Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
DXCM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, DexCom, Inc. reported a net income of 249.10M and revenue of 1.31B, resulting in a net margin of 19.0%.
Frequently Asked Questions
PDD and DXCM have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DXCM has higher volatility (15.95%) compared to PDD (7.74%). In terms of maximum drawdown, PDD dropped -87.41% vs DXCM's -94.61%.
DXCM currently has the higher Sharpe Ratio (0.08 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.
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