PDD vs. SGOV
PDD (PDD Holdings Inc.) is a stock, while SGOV (iShares 0-3 Month Treasury Bond ETF) is Ultrashort Bond fund tracking the ICE 0-3 Month US Treasury Securities Index. Over the past 5 years, PDD returned -4.94%/yr vs 3.62%/yr for SGOV. At a 0.06 correlation, their price movements are largely independent.
Performance
PDD vs. SGOV - Performance Comparison
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Returns By Period
In the year-to-date period, PDD achieves a -25.43% return, which is significantly lower than SGOV's 1.92% return.
PDD
- 1D
- -0.67%
- 1M
- 3.68%
- 6M
- -28.78%
- YTD
- -25.43%
- 1Y
- -19.40%
- 3Y*
- 2.08%
- 5Y*
- -4.94%
- 10Y*
- —
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- 6M
- 1.80%
- YTD
- 1.92%
- 1Y
- 3.88%
- 3Y*
- 4.66%
- 5Y*
- 3.62%
- 10Y*
- —
PDD vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | -25.43% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 194.55% |
SGOV iShares 0-3 Month Treasury Bond ETF | 1.92% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.04% |
Correlation
The correlation between PDD and SGOV is -0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since May 28, 2020 | 0.06 |
The correlation between PDD and SGOV shifts across timeframes, from -0.07 (1 year) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDD vs. SGOV — Risk / Return Rank
PDD
SGOV
PDD vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -21.41 | ||
| Sortino ratioReturn per unit of downside risk | -384.46 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 384.06 | -383.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 391.99 | -392.40 |
| Martin ratioReturn relative to average drawdown | -0.86 | 6,210.22 | -6,211.08 |
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Drawdowns
PDD vs. SGOV - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PDD and SGOV.
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Drawdown Indicators
| PDD | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -0.03% | -87.38% |
Max Drawdown (1Y)Largest decline over 1 year | -46.93% | -0.01% | -46.92% |
Max Drawdown (3Y)Largest decline over 3 years | -53.48% | -0.01% | -53.47% |
Max Drawdown (5Y)Largest decline over 5 years | -76.95% | -0.03% | -76.92% |
Current DrawdownCurrent decline from peak | -58.31% | 0.00% | -58.31% |
Average DrawdownAverage peak-to-trough decline | -39.52% | -0.00% | -39.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.67% | 0.00% | +22.67% |
Volatility
PDD vs. SGOV - Volatility Comparison
PDD Holdings Inc. (PDD) has a higher volatility of 11.73% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.05%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.73% | 0.05% | +11.68% |
Volatility (6M)Calculated over the trailing 6-month period | 26.65% | 0.13% | +26.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.86% | 0.19% | +33.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.06% | 0.24% | +67.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.17% | 0.24% | +68.93% |
Dividends
PDD vs. SGOV - Dividend Comparison
PDD has not paid dividends to shareholders, while SGOV's dividend yield for the trailing twelve months is around 3.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.80% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Frequently Asked Questions
PDD and SGOV have a correlation of -0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (11.73%) compared to SGOV (0.05%). In terms of maximum drawdown, PDD dropped -87.41% vs SGOV's -0.03%.
SGOV currently has the higher Sharpe Ratio (20.83 vs -0.58), 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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