PDD vs. IAK
PDD (PDD Holdings Inc.) is a stock, while IAK (iShares U.S. Insurance ETF) is Financials Equities fund tracking the Dow Jones U.S. Select Insurance Index. Over the past 5 years, PDD returned -0.67%/yr vs 15.95%/yr for IAK. Their 0.13 correlation means their historical movements had little consistent relationship.
Performance
PDD vs. IAK - 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 IAK's 10.07% return.
PDD
- 1D
- 1.28%
- 1M
- 7.49%
- 6M
- -12.36%
- YTD
- -21.90%
- 1Y
- -19.53%
- 3Y*
- -0.57%
- 5Y*
- -0.67%
- 10Y*
- —
- ALL TIME*
- 16.25%
IAK
- 1D
- -0.31%
- 1M
- -0.06%
- 6M
- 12.67%
- YTD
- 10.07%
- 1Y
- 19.63%
- 3Y*
- 19.72%
- 5Y*
- 15.95%
- 10Y*
- 13.45%
- ALL TIME*
- 7.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $14.76M | $20.90M | $11.89M | |
| $489.49M | $566.14M | $770.02M |
PDD vs. IAK - 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% |
IAK iShares U.S. Insurance ETF | 10.07% | 9.50% | 28.25% | 11.28% | 11.33% | 26.84% | -2.86% | 25.94% | -8.77% |
Correlation
The correlation between PDD and IAK is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.01 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.13 |
The correlation between PDD and IAK shifts across timeframes, from -0.01 (1 year) to 0.13 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDD vs. IAK — Risk / Return Rank
PDD
IAK
PDD vs. IAK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and iShares U.S. Insurance ETF (IAK). 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 | IAK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -2.49 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.47 | 2.45 | -2.92 |
| Martin ratioReturn relative to average drawdown | -0.90 | 5.96 | -6.87 |
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Drawdowns
PDD vs. IAK - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than IAK's maximum drawdown of -77.38%. Use the drawdown chart below to compare losses from any high point for PDD and IAK.
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Drawdown Indicators
| PDD | IAK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -77.38% | -10.03% |
Max Drawdown (1Y)Largest decline over 1 year | -46.93% | -7.62% | -39.31% |
Max Drawdown (3Y)Largest decline over 3 years | -53.48% | -11.58% | -41.90% |
Max Drawdown (5Y)Largest decline over 5 years | -76.30% | -14.76% | -61.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -44.95% | — |
Current DrawdownCurrent decline from peak | -56.34% | -3.23% | -53.11% |
Average DrawdownAverage peak-to-trough decline | -39.65% | -16.01% | -23.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.37% | 3.13% | +21.24% |
Volatility
PDD vs. IAK - Volatility Comparison
PDD Holdings Inc. (PDD) has a higher volatility of 7.74% compared to iShares U.S. Insurance ETF (IAK) at 7.03%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than IAK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | IAK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.74% | 7.03% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 26.27% | 12.43% | +13.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.67% | 16.00% | +17.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.32% | 18.13% | +49.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.97% | 20.92% | +48.05% |
Dividends
PDD vs. IAK - Dividend Comparison
PDD has not paid dividends to shareholders, while IAK's dividend yield for the trailing twelve months is around 2.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 2.43% | 1.69% | 1.49% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% |
PDD PDD Holdings 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% |
Frequently Asked Questions
PDD and IAK have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (7.74%) compared to IAK (7.03%). In terms of maximum drawdown, PDD dropped -87.41% vs IAK's -77.38%.
IAK currently has the higher Sharpe Ratio (1.17 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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