PDD vs. SMIN
PDD (Pinduoduo Inc.) is a stock, while SMIN (iShares MSCI India Small-Cap ETF) is Asia Pacific Equities fund tracking the MSCI India Small Cap Index. Over the past 5 years, PDD returned -7.73%/yr vs 6.19%/yr for SMIN. At a 0.22 correlation, their price movements are largely independent.
Performance
PDD vs. SMIN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PDD achieves a -28.07% return, which is significantly lower than SMIN's -4.03% return.
PDD
- 1D
- 0.32%
- 1M
- -14.67%
- YTD
- -28.07%
- 6M
- -27.15%
- 1Y
- -18.91%
- 3Y*
- 1.73%
- 5Y*
- -7.73%
- 10Y*
- —
SMIN
- 1D
- 1.44%
- 1M
- 0.72%
- YTD
- -4.03%
- 6M
- -1.54%
- 1Y
- -8.33%
- 3Y*
- 8.94%
- 5Y*
- 6.19%
- 10Y*
- 9.73%
PDD vs. SMIN - 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% |
SMIN iShares MSCI India Small-Cap ETF | -4.03% | -6.68% | 16.78% | 35.41% | -14.23% | 44.43% | 19.59% | -5.21% | -10.55% |
Correlation
The correlation between PDD and SMIN is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
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 | 0.22 |
The correlation between PDD and SMIN shifts across timeframes, from 0.18 (3 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
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. SMIN — Risk / Return Rank
PDD
SMIN
PDD vs. SMIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and iShares MSCI India Small-Cap ETF (SMIN). 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 | SMIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.93 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.39 | -0.13 |
| Martin ratioReturn relative to average drawdown | -1.08 | -0.87 | -0.22 |
Loading charts...
Drawdowns
PDD vs. SMIN - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than SMIN's maximum drawdown of -60.50%. Use the drawdown chart below to compare losses from any high point for PDD and SMIN.
Loading charts...
Drawdown Indicators
| PDD | SMIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -60.50% | -26.91% |
Max Drawdown (1Y)Largest decline over 1 year | -41.14% | -24.54% | -16.60% |
Max Drawdown (3Y)Largest decline over 3 years | -48.40% | -27.58% | -20.82% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -27.58% | -53.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -60.50% | — |
Current DrawdownCurrent decline from peak | -59.79% | -16.07% | -43.72% |
Average DrawdownAverage peak-to-trough decline | -39.32% | -14.62% | -24.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 11.01% | +8.54% |
Volatility
PDD vs. SMIN - Volatility Comparison
Pinduoduo Inc. (PDD) has a higher volatility of 14.35% compared to iShares MSCI India Small-Cap ETF (SMIN) at 4.86%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than SMIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PDD | SMIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 4.86% | +9.49% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 15.58% | +9.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 18.67% | +13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.09% | 18.88% | +49.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 22.83% | +46.54% |
Dividends
PDD vs. SMIN - Dividend Comparison
PDD has not paid dividends to shareholders, while SMIN's dividend yield for the trailing twelve months is around 2.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDD Pinduoduo 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% |
SMIN iShares MSCI India Small-Cap ETF | 2.10% | 2.01% | 6.84% | 0.41% | 0.01% | 1.27% | 1.06% | 1.75% | 1.68% | 0.89% | 2.30% | 0.93% |
Frequently Asked Questions
PDD and SMIN have a correlation of 0.28, 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 SMIN (4.86%). In terms of maximum drawdown, PDD dropped -87.41% vs SMIN's -60.50%.
SMIN currently has the higher Sharpe Ratio (-0.51 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 SMIN
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