PDD vs. PANW
PDD (Pinduoduo Inc.) and PANW (Palo Alto Networks, Inc.) are both stocks. PDD operates in Internet Retail (Consumer Cyclical), while PANW operates in Software - Infrastructure (Technology). Over the past 5 years, PDD returned -7.73%/yr vs 35.61%/yr for PANW. At a 0.28 correlation, their price movements are largely independent.
Performance
PDD vs. PANW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PDD achieves a -28.07% return, which is significantly lower than PANW's 51.80% return.
PDD
- 1D
- 0.32%
- 1M
- -18.11%
- YTD
- -28.07%
- 6M
- -27.15%
- 1Y
- -21.14%
- 3Y*
- 1.73%
- 5Y*
- -7.73%
- 10Y*
- —
PANW
- 1D
- 0.03%
- 1M
- 22.75%
- YTD
- 51.80%
- 6M
- 45.87%
- 1Y
- 41.46%
- 3Y*
- 33.77%
- 5Y*
- 35.61%
- 10Y*
- 29.12%
PDD vs. PANW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD Pinduoduo Inc. | -28.07% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.32% |
PANW Palo Alto Networks, Inc. | 51.80% | 1.23% | 23.41% | 111.32% | -24.81% | 56.66% | 53.68% | 22.78% | -12.29% |
Correlation
The correlation between PDD and PANW is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.28 |
The correlation between PDD and PANW shifts across timeframes, from 0.14 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PDD:
$120.71B
PANW:
$208.04B
PDD:
CN¥64.39
PANW:
$1.17
PDD:
8.58
PANW:
238.46
PDD:
0.08
PANW:
0.02
PDD:
1.86
PANW:
18.95
PDD:
1.94
PANW:
7.52
PDD:
CN¥441.76B
PANW:
$10.61B
PDD:
CN¥247.30B
PANW:
$7.63B
PDD:
CN¥134.30B
PANW:
$1.33B
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. PANW — Risk / Return Rank
PDD
PANW
PDD vs. PANW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and Palo Alto Networks, Inc. (PANW). 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 | PANW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.72 | ||
| Sortino ratioReturn per unit of downside risk | -2.32 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.21 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 1.16 | -1.67 |
| Martin ratioReturn relative to average drawdown | -1.08 | 2.62 | -3.70 |
Loading charts...
Drawdowns
PDD vs. PANW - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than PANW's maximum drawdown of -47.98%. Use the drawdown chart below to compare losses from any high point for PDD and PANW.
Loading charts...
Drawdown Indicators
| PDD | PANW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -47.98% | -39.43% |
Max Drawdown (1Y)Largest decline over 1 year | -41.14% | -36.01% | -5.13% |
Max Drawdown (3Y)Largest decline over 3 years | -48.40% | -36.01% | -12.39% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -36.01% | -44.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.98% | — |
Current DrawdownCurrent decline from peak | -59.79% | -6.94% | -52.85% |
Average DrawdownAverage peak-to-trough decline | -39.32% | -14.68% | -24.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 15.87% | +3.68% |
Volatility
PDD vs. PANW - Volatility Comparison
The current volatility for Pinduoduo Inc. (PDD) is 14.35%, while Palo Alto Networks, Inc. (PANW) has a volatility of 16.97%. This indicates that PDD experiences smaller price fluctuations and is considered to be less risky than PANW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PDD | PANW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 16.97% | -2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 32.33% | -6.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 38.96% | -6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.09% | 41.72% | +26.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 38.62% | +30.75% |
Dividends
PDD vs. PANW - Dividend Comparison
Neither PDD nor PANW has paid dividends to shareholders.
Financials
PDD vs. PANW - Financials Comparison
This section allows you to compare key financial metrics between Pinduoduo Inc. and Palo Alto Networks, 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. PANW - Profitability Comparison
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.
PANW - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a gross profit of 2.03B and revenue of 3.00B. Therefore, the gross margin over that period was 67.6%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
PANW - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported an operating income of -186.00M and revenue of 3.00B, resulting in an operating margin of -6.2%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
PANW - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Palo Alto Networks, Inc. reported a net income of -177.00M and revenue of 3.00B, resulting in a net margin of -5.9%.
Frequently Asked Questions
PDD and PANW have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PANW has higher volatility (16.97%) compared to PDD (14.35%). In terms of maximum drawdown, PDD dropped -87.41% vs PANW's -47.98%.
PANW currently has the higher Sharpe Ratio (1.07 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.
Find the right allocation for PDD and PANW
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