PDD vs. SCJ
PDD (PDD Holdings Inc.) is a stock, while SCJ (iShares MSCI Japan Small Cap ETF) is Japan Equities fund tracking the MSCI Japan Small Cap Index. Over the past 5 years, PDD returned -9.91%/yr vs 7.50%/yr for SCJ. At a 0.27 correlation, their price movements are largely independent.
Performance
PDD vs. SCJ - Performance Comparison
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Returns By Period
In the year-to-date period, PDD achieves a -33.20% return, which is significantly lower than SCJ's 14.76% return.
PDD
- 1D
- -1.07%
- 1M
- -19.87%
- YTD
- -33.20%
- 6M
- -33.23%
- 1Y
- -29.32%
- 3Y*
- 2.76%
- 5Y*
- -9.91%
- 10Y*
- —
SCJ
- 1D
- 0.29%
- 1M
- 0.65%
- YTD
- 14.76%
- 6M
- 14.34%
- 1Y
- 29.73%
- 3Y*
- 18.18%
- 5Y*
- 7.50%
- 10Y*
- 7.97%
PDD vs. SCJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | -33.20% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.32% |
SCJ iShares MSCI Japan Small Cap ETF | 14.76% | 29.58% | 3.41% | 13.22% | -12.75% | -2.95% | 7.46% | 16.16% | -16.01% |
Correlation
The correlation between PDD and SCJ is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.27 |
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Return for Risk
PDD vs. SCJ — Risk / Return Rank
PDD
SCJ
PDD vs. SCJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and iShares MSCI Japan Small Cap ETF (SCJ). 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 | SCJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -3.74 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 1.32 | -0.47 |
| Calmar ratioReturn relative to maximum drawdown | -0.65 | 2.46 | -3.11 |
| Martin ratioReturn relative to average drawdown | -1.41 | 8.23 | -9.64 |
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Drawdowns
PDD vs. SCJ - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than SCJ's maximum drawdown of -43.52%. Use the drawdown chart below to compare losses from any high point for PDD and SCJ.
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Drawdown Indicators
| PDD | SCJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -43.52% | -43.89% |
Max Drawdown (1Y)Largest decline over 1 year | -45.17% | -12.17% | -33.00% |
Max Drawdown (3Y)Largest decline over 3 years | -51.93% | -12.43% | -39.50% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -33.25% | -47.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.87% | — |
Current DrawdownCurrent decline from peak | -62.66% | -1.70% | -60.96% |
Average DrawdownAverage peak-to-trough decline | -39.40% | -10.35% | -29.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.80% | 3.62% | +17.18% |
Volatility
PDD vs. SCJ - Volatility Comparison
PDD Holdings Inc. (PDD) has a higher volatility of 13.75% compared to iShares MSCI Japan Small Cap ETF (SCJ) at 4.95%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than SCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | SCJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.75% | 4.95% | +8.80% |
Volatility (6M)Calculated over the trailing 6-month period | 25.20% | 13.57% | +11.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.63% | 16.48% | +16.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.10% | 15.86% | +52.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.28% | 16.27% | +53.01% |
Dividends
PDD vs. SCJ - Dividend Comparison
PDD has not paid dividends to shareholders, while SCJ's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SCJ iShares MSCI Japan Small Cap ETF | 2.79% | 3.14% | 1.79% | 1.99% | 1.18% | 1.87% | 0.89% | 1.85% | 1.44% | 1.45% | 2.73% | 1.53% |
Frequently Asked Questions
PDD and SCJ have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (13.75%) compared to SCJ (4.95%). In terms of maximum drawdown, PDD dropped -87.41% vs SCJ's -43.52%.
SCJ currently has the higher Sharpe Ratio (1.81 vs -0.91), 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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