PDD vs. OPRA
PDD (PDD Holdings Inc.) and OPRA (Opera Limited) are both stocks. PDD operates in Internet Retail (Consumer Cyclical), while OPRA operates in Internet Content & Information (Communication Services). Over the past 5 years, PDD returned -9.73%/yr vs 17.50%/yr for OPRA. At a 0.25 correlation, their price movements are largely independent.
Performance
PDD vs. OPRA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PDD achieves a -32.48% return, which is significantly lower than OPRA's 32.72% return.
PDD
- 1D
- -1.98%
- 1M
- -19.00%
- YTD
- -32.48%
- 6M
- -31.68%
- 1Y
- -24.90%
- 3Y*
- 3.13%
- 5Y*
- -9.73%
- 10Y*
- —
OPRA
- 1D
- -1.83%
- 1M
- 4.88%
- YTD
- 32.72%
- 6M
- 30.05%
- 1Y
- 9.14%
- 3Y*
- 7.21%
- 5Y*
- 17.50%
- 10Y*
- —
PDD vs. OPRA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | -32.48% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.96% |
OPRA Opera Limited | 32.72% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -61.23% |
Correlation
The correlation between PDD and OPRA 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.25 |
Fundamentals
PDD:
$113.31B
OPRA:
$1.67B
PDD:
CN¥64.39
OPRA:
$1.26
PDD:
8.05
OPRA:
14.47
PDD:
0.07
OPRA:
0.06
PDD:
1.74
OPRA:
2.56
PDD:
1.82
OPRA:
1.68
PDD:
CN¥441.76B
OPRA:
$647.66M
PDD:
CN¥247.30B
OPRA:
$378.92M
PDD:
CN¥134.30B
OPRA:
$154.47M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PDD vs. OPRA — Risk / Return Rank
PDD
OPRA
PDD vs. OPRA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and Opera Limited (OPRA). 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 | OPRA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.64 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.08 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.22 | -0.78 |
| Martin ratioReturn relative to average drawdown | -1.21 | 0.39 | -1.60 |
Loading charts...
Drawdowns
PDD vs. OPRA - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than OPRA's maximum drawdown of -72.85%. Use the drawdown chart below to compare losses from any high point for PDD and OPRA.
Loading charts...
Drawdown Indicators
| PDD | OPRA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -72.85% | -14.56% |
Max Drawdown (1Y)Largest decline over 1 year | -44.57% | -41.28% | -3.29% |
Max Drawdown (3Y)Largest decline over 3 years | -51.41% | -61.68% | +10.27% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -62.86% | -18.02% |
Current DrawdownCurrent decline from peak | -62.25% | -25.26% | -36.99% |
Average DrawdownAverage peak-to-trough decline | -39.39% | -41.03% | +1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.61% | 23.44% | -2.83% |
Volatility
PDD vs. OPRA - Volatility Comparison
PDD Holdings Inc. (PDD) has a higher volatility of 13.95% compared to Opera Limited (OPRA) at 10.70%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than OPRA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PDD | OPRA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 10.70% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 25.46% | 39.37% | -13.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.62% | 52.37% | -19.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.13% | 60.51% | +7.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.29% | 64.25% | +5.04% |
Dividends
PDD vs. OPRA - Dividend Comparison
PDD has not paid dividends to shareholders, while OPRA's dividend yield for the trailing twelve months is around 4.38%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
OPRA Opera Limited | 4.38% | 5.65% | 4.22% | 8.92% |
PDD PDD Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
PDD vs. OPRA - Financials Comparison
This section allows you to compare key financial metrics between PDD Holdings Inc. and Opera Limited. 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. OPRA - Profitability Comparison
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
OPRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a gross profit of 111.02M and revenue of 175.77M. Therefore, the gross margin over that period was 63.2%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, PDD Holdings Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
OPRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported an operating income of 30.43M and revenue of 175.77M, resulting in an operating margin of 17.3%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, PDD Holdings Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
OPRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Opera Limited reported a net income of 24.79M and revenue of 175.77M, resulting in a net margin of 14.1%.
Frequently Asked Questions
PDD and OPRA 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 (13.95%) compared to OPRA (10.70%). In terms of maximum drawdown, PDD dropped -87.41% vs OPRA's -72.85%.
OPRA currently has the higher Sharpe Ratio (0.18 vs -0.77), 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.
Find the right allocation for PDD and OPRA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer