PDD vs. USD
PDD (Pinduoduo Inc.) is a stock, while USD (ProShares Ultra Semiconductors) is Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Over the past 5 years, PDD returned -8.36%/yr vs 69.52%/yr for USD. At a 0.36 correlation, their price movements are largely independent.
Performance
PDD vs. USD - Performance Comparison
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Returns By Period
In the year-to-date period, PDD achieves a -24.68% return, which is significantly lower than USD's 114.00% return.
PDD
- 1D
- -3.15%
- 1M
- -12.67%
- YTD
- -24.68%
- 6M
- -27.13%
- 1Y
- -13.15%
- 3Y*
- 7.09%
- 5Y*
- -8.36%
- 10Y*
- —
USD
- 1D
- -1.14%
- 1M
- 44.53%
- YTD
- 114.00%
- 6M
- 111.06%
- 1Y
- 274.62%
- 3Y*
- 127.67%
- 5Y*
- 69.52%
- 10Y*
- 62.16%
PDD vs. USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD Pinduoduo Inc. | -24.68% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.96% |
USD ProShares Ultra Semiconductors | 114.00% | 62.08% | 139.64% | 228.79% | -68.57% | 104.27% | 68.16% | 110.37% | -36.25% |
Correlation
The correlation between PDD and USD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jul 27, 2018 | 0.36 |
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Return for Risk
PDD vs. USD — Risk / Return Rank
PDD
USD
PDD vs. USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and ProShares Ultra Semiconductors (USD). 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.
| PDD | USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.94 | ||
| Sortino ratioReturn per unit of downside risk | -4.17 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.51 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 8.70 | -9.03 |
| Martin ratioReturn relative to average drawdown | -0.72 | 25.16 | -25.88 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PDD | USD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 4.53 | -4.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.91 | -1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.90 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.49 | -0.26 |
Drawdowns
PDD vs. USD - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, roughly equal to the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for PDD and USD.
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Drawdown Indicators
| PDD | USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -88.63% | +1.22% |
Max Drawdown (1Y)Largest decline over 1 year | -39.89% | -31.80% | -8.09% |
Max Drawdown (3Y)Largest decline over 3 years | -47.31% | -64.46% | +17.15% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -77.85% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | — | -77.85% | — |
Current DrawdownCurrent decline from peak | -57.89% | -1.14% | -56.75% |
Average DrawdownAverage peak-to-trough decline | -39.27% | -32.35% | -6.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 10.97% | +7.41% |
Volatility
PDD vs. USD - Volatility Comparison
The current volatility for Pinduoduo Inc. (PDD) is 16.57%, while ProShares Ultra Semiconductors (USD) has a volatility of 20.36%. This indicates that PDD experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 20.36% | -3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 25.42% | 46.39% | -20.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 61.22% | -28.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.13% | 76.55% | -8.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 69.23% | +0.27% |
Dividends
PDD vs. USD - Dividend Comparison
PDD has not paid dividends to shareholders, while USD's dividend yield for the trailing twelve months is around 0.21%.
| 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% |
USD ProShares Ultra Semiconductors | 0.21% | 0.39% | 0.10% | 0.05% | 0.30% | 0.00% | 0.14% | 0.72% | 0.93% | 0.32% | 0.46% | 0.39% |
Frequently Asked Questions
PDD and USD have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
USD has higher volatility (20.36%) compared to PDD (16.57%). In terms of maximum drawdown, PDD dropped -87.41% vs USD's -88.63%.
USD currently has the higher Sharpe Ratio (4.53 vs -0.41), 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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