PDD vs. USOI
PDD (Pinduoduo Inc.) is a stock, while USOI (Credit Suisse X-Links Crude Oil Shares Covered Call ETN) is Commodities fund tracking the Credit Suisse NASDAQ WTI Crude Oil FLOWS 106 Index. Over the past year, PDD returned -13.15% vs 49.69% for USOI. At a 0.04 correlation, their price movements are largely independent.
Performance
PDD vs. USOI - 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 USOI's 50.53% return.
PDD
- 1D
- -3.15%
- 1M
- -12.67%
- YTD
- -24.68%
- 6M
- -27.13%
- 1Y
- -13.15%
- 3Y*
- 7.09%
- 5Y*
- -8.36%
- 10Y*
- —
USOI
- 1D
- 1.94%
- 1M
- 2.54%
- YTD
- 50.53%
- 6M
- 48.65%
- 1Y
- 49.69%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PDD vs. USOI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
PDD Pinduoduo Inc. | -24.68% | 16.91% | -33.98% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 50.53% | -8.78% | 6.94% |
Correlation
The correlation between PDD and USOI is -0.10, 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 | -0.10 |
Correlation (All Time) Calculated using the full available price history since Jun 4, 2024 | 0.04 |
The correlation between PDD and USOI shifts across timeframes, from -0.10 (1 year) to 0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PDD vs. USOI — Risk / Return Rank
PDD
USOI
PDD vs. USOI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI). 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 | USOI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -3.22 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.37 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.33 | 4.20 | -4.53 |
| Martin ratioReturn relative to average drawdown | -0.72 | 9.74 | -10.46 |
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 | USOI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.41 | 2.23 | -2.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.94 | -0.71 |
Drawdowns
PDD vs. USOI - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than USOI's maximum drawdown of -19.49%. Use the drawdown chart below to compare losses from any high point for PDD and USOI.
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Drawdown Indicators
| PDD | USOI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -19.49% | -67.92% |
Max Drawdown (1Y)Largest decline over 1 year | -39.89% | -11.90% | -27.99% |
Max Drawdown (3Y)Largest decline over 3 years | -47.31% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | — | — |
Current DrawdownCurrent decline from peak | -57.89% | -3.08% | -54.81% |
Average DrawdownAverage peak-to-trough decline | -39.27% | -7.21% | -32.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 5.12% | +13.26% |
Volatility
PDD vs. USOI - Volatility Comparison
Pinduoduo Inc. (PDD) has a higher volatility of 16.57% compared to Credit Suisse X-Links Crude Oil Shares Covered Call ETN (USOI) at 10.14%. This indicates that PDD's price experiences larger fluctuations and is considered to be riskier than USOI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PDD | USOI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.57% | 10.14% | +6.43% |
Volatility (6M)Calculated over the trailing 6-month period | 25.42% | 18.25% | +7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 22.35% | +10.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.13% | 22.59% | +45.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.50% | 22.59% | +46.91% |
Dividends
PDD vs. USOI - Dividend Comparison
PDD has not paid dividends to shareholders, while USOI's dividend yield for the trailing twelve months is around 36.88%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
PDD Pinduoduo Inc. | 0.00% | 0.00% | 0.00% |
USOI Credit Suisse X-Links Crude Oil Shares Covered Call ETN | 36.88% | 27.21% | 12.54% |
Frequently Asked Questions
PDD and USOI have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PDD has higher volatility (16.57%) compared to USOI (10.14%). In terms of maximum drawdown, PDD dropped -87.41% vs USOI's -19.49%.
USOI currently has the higher Sharpe Ratio (2.23 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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