PDD vs. SPY
Compare and contrast key facts about Pinduoduo Inc. (PDD) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PDD or SPY.
Correlation
The correlation between PDD and SPY is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PDD vs. SPY - Performance Comparison
Key characteristics
PDD:
-0.33
SPY:
0.51
PDD:
-0.07
SPY:
0.86
PDD:
0.99
SPY:
1.13
PDD:
-0.33
SPY:
0.55
PDD:
-0.73
SPY:
2.26
PDD:
25.56%
SPY:
4.55%
PDD:
57.83%
SPY:
20.08%
PDD:
-87.41%
SPY:
-55.19%
PDD:
-48.72%
SPY:
-9.89%
Returns By Period
In the year-to-date period, PDD achieves a 7.24% return, which is significantly higher than SPY's -5.76% return.
PDD
7.24%
-16.36%
-15.07%
-19.57%
15.29%
N/A
SPY
-5.76%
-2.90%
-4.30%
9.72%
15.64%
12.04%
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Risk-Adjusted Performance
PDD vs. SPY — Risk-Adjusted Performance Rank
PDD
SPY
PDD vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and SPDR S&P 500 ETF (SPY). 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.
Dividends
PDD vs. SPY - Dividend Comparison
PDD has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PDD vs. SPY - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PDD and SPY. For additional features, visit the drawdowns tool.
Volatility
PDD vs. SPY - Volatility Comparison
Pinduoduo Inc. (PDD) has a higher volatility of 17.04% compared to SPDR S&P 500 ETF (SPY) at 15.12%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.