PDD vs. VEEV
PDD (Pinduoduo Inc.) and VEEV (Veeva Systems Inc.) are both stocks. PDD operates in Internet Retail (Consumer Cyclical), while VEEV operates in Health Information Services (Healthcare). Over the past 5 years, PDD returned -7.73%/yr vs -11.82%/yr for VEEV. At a 0.31 correlation, their price movements are largely independent.
Performance
PDD vs. VEEV - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with PDD having a -28.07% return and VEEV slightly lower at -28.53%.
PDD
- 1D
- 0.32%
- 1M
- -14.67%
- YTD
- -28.07%
- 6M
- -27.15%
- 1Y
- -18.91%
- 3Y*
- 1.73%
- 5Y*
- -7.73%
- 10Y*
- —
VEEV
- 1D
- -1.24%
- 1M
- 2.11%
- YTD
- -28.53%
- 6M
- -28.54%
- 1Y
- -43.54%
- 3Y*
- -5.80%
- 5Y*
- -11.82%
- 10Y*
- 16.73%
PDD vs. VEEV - 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% |
VEEV Veeva Systems Inc. | -28.53% | 6.17% | 9.21% | 19.30% | -36.83% | -6.16% | 93.55% | 57.48% | 8.00% |
Correlation
The correlation between PDD and VEEV is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.31 |
The correlation between PDD and VEEV shifts across timeframes, from 0.15 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
Fundamentals
PDD:
$120.71B
VEEV:
$26.48B
PDD:
CN¥64.39
VEEV:
$5.63
PDD:
8.58
VEEV:
28.36
PDD:
0.08
VEEV:
1.47
PDD:
1.86
VEEV:
8.04
PDD:
1.94
VEEV:
3.63
PDD:
CN¥441.76B
VEEV:
$3.32B
PDD:
CN¥247.30B
VEEV:
$2.49B
PDD:
CN¥134.30B
VEEV:
$1.00B
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. VEEV — Risk / Return Rank
PDD
VEEV
PDD vs. VEEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinduoduo Inc. (PDD) and Veeva Systems Inc. (VEEV). 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 | VEEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.13 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.77 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | -0.86 | +0.35 |
| Martin ratioReturn relative to average drawdown | -1.08 | -1.51 | +0.43 |
Loading charts...
Drawdowns
PDD vs. VEEV - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than VEEV's maximum drawdown of -61.35%. Use the drawdown chart below to compare losses from any high point for PDD and VEEV.
Loading charts...
Drawdown Indicators
| PDD | VEEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -61.35% | -26.06% |
Max Drawdown (1Y)Largest decline over 1 year | -41.14% | -50.55% | +9.41% |
Max Drawdown (3Y)Largest decline over 3 years | -48.40% | -50.55% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -55.69% | -25.19% |
Max Drawdown (10Y)Largest decline over 10 years | — | -55.69% | — |
Current DrawdownCurrent decline from peak | -59.79% | -53.21% | -6.58% |
Average DrawdownAverage peak-to-trough decline | -39.32% | -26.08% | -13.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.55% | 28.76% | -9.21% |
Volatility
PDD vs. VEEV - Volatility Comparison
Pinduoduo Inc. (PDD) and Veeva Systems Inc. (VEEV) have volatilities of 14.35% and 14.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PDD | VEEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.35% | 14.08% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 25.50% | 29.27% | -3.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.48% | 35.87% | -3.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.09% | 37.98% | +30.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.37% | 38.23% | +31.14% |
Dividends
PDD vs. VEEV - Dividend Comparison
Neither PDD nor VEEV has paid dividends to shareholders.
Financials
PDD vs. VEEV - Financials Comparison
This section allows you to compare key financial metrics between Pinduoduo Inc. and Veeva Systems Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
PDD vs. VEEV - Profitability Comparison
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.
VEEV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a gross profit of 659.69M and revenue of 882.95M. Therefore, the gross margin over that period was 74.7%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
VEEV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported an operating income of 273.11M and revenue of 882.95M, resulting in an operating margin of 30.9%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Pinduoduo Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
VEEV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Veeva Systems Inc. reported a net income of 260.94M and revenue of 882.95M, resulting in a net margin of 29.6%.
Frequently Asked Questions
PDD and VEEV have a correlation of 0.15, 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 VEEV (14.08%). In terms of maximum drawdown, PDD dropped -87.41% vs VEEV's -61.35%.
PDD currently has the higher Sharpe Ratio (-0.65 vs -1.22), 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 VEEV
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