PDD vs. PSQ
PDD (Pinduoduo Inc.) is a stock, while PSQ (ProShares Short QQQ) is Inverse Equities fund tracking the NASDAQ-100 Index (-100%). Over the past 5 years, PDD returned -7.73%/yr vs -13.78%/yr for PSQ. At a correlation of -0.40, they often move in opposite directions.
Performance
PDD vs. PSQ - Performance Comparison
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Returns By Period
In the year-to-date period, PDD achieves a -28.07% return, which is significantly lower than PSQ's -14.02% return.
PDD
- 1D
- 0.32%
- 1M
- -14.89%
- YTD
- -28.07%
- 6M
- -27.15%
- 1Y
- -18.91%
- 3Y*
- 1.73%
- 5Y*
- -7.73%
- 10Y*
- —
PSQ
- 1D
- -0.65%
- 1M
- -1.75%
- YTD
- -14.02%
- 6M
- -14.04%
- 1Y
- -24.40%
- 3Y*
- -17.58%
- 5Y*
- -13.78%
- 10Y*
- -19.15%
PDD vs. PSQ - 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% |
PSQ ProShares Short QQQ | -14.02% | -15.51% | -15.68% | -32.01% | 36.40% | -24.84% | -41.23% | -27.49% | 16.17% |
Correlation
The correlation between PDD and PSQ is -0.42, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.38 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | -0.40 |
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Return for Risk
PDD vs. PSQ — Risk / Return Rank
PDD
PSQ
PDD vs. PSQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and ProShares Short QQQ (PSQ). 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 | PSQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.78 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.87 | +0.36 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.81 | +0.73 |
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Drawdowns
PDD vs. PSQ - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, smaller than the maximum PSQ drawdown of -98.26%. Use the drawdown chart below to compare losses from any high point for PDD and PSQ.
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Drawdown Indicators
| PDD | PSQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -98.26% | +10.85% |
Max Drawdown (1Y)Largest decline over 1 year | -41.14% | -26.86% | -14.28% |
Max Drawdown (3Y)Largest decline over 3 years | -48.40% | -49.65% | +1.25% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -60.91% | -19.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -88.98% | — |
Current DrawdownCurrent decline from peak | -59.79% | -98.20% | +38.41% |
Average DrawdownAverage peak-to-trough decline | -39.32% | -73.99% | +34.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 12.96% | +6.59% |
Volatility
PDD vs. PSQ - Volatility Comparison
Pinduoduo Inc. (PDD) has a higher volatility of 14.35% compared to ProShares Short QQQ (PSQ) at 7.39%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than PSQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | PSQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 7.39% | +6.96% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 13.75% | +11.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 17.23% | +15.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.09% | 22.59% | +45.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 22.34% | +47.03% |
Dividends
PDD vs. PSQ - Dividend Comparison
PDD has not paid dividends to shareholders, while PSQ's dividend yield for the trailing twelve months is around 5.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PDD Pinduoduo Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSQ ProShares Short QQQ | 5.09% | 4.97% | 7.15% | 6.01% | 0.35% | 0.00% | 0.31% | 1.75% | 0.95% | 0.02% |
Frequently Asked Questions
PDD and PSQ have a correlation of -0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (14.35%) compared to PSQ (7.39%). In terms of maximum drawdown, PDD dropped -87.41% vs PSQ's -98.26%.
PDD currently has the higher Sharpe Ratio (-0.65 vs -1.36), 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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