PDD vs. XSD
PDD (PDD Holdings Inc.) is a stock, while XSD (SPDR S&P Semiconductor ETF) is Semiconductors fund tracking the S&P Semiconductor Select Industry Index. Over the past 5 years, PDD returned -9.73%/yr vs 26.73%/yr for XSD. At a 0.37 correlation, their price movements are largely independent.
Performance
PDD vs. XSD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PDD achieves a -32.48% return, which is significantly lower than XSD's 87.88% return.
PDD
- 1D
- -1.98%
- 1M
- -19.00%
- YTD
- -32.48%
- 6M
- -31.68%
- 1Y
- -24.90%
- 3Y*
- 3.13%
- 5Y*
- -9.73%
- 10Y*
- —
XSD
- 1D
- -6.88%
- 1M
- -0.01%
- YTD
- 87.88%
- 6M
- 83.00%
- 1Y
- 147.65%
- 3Y*
- 43.10%
- 5Y*
- 26.73%
- 10Y*
- 30.69%
PDD vs. XSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PDD PDD Holdings Inc. | -32.48% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -15.32% |
XSD SPDR S&P Semiconductor ETF | 87.88% | 29.85% | 10.75% | 34.87% | -30.92% | 42.54% | 61.95% | 64.66% | -12.96% |
Correlation
The correlation between PDD and XSD is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2018 | 0.37 |
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. XSD — Risk / Return Rank
PDD
XSD
PDD vs. XSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PDD Holdings Inc. (PDD) and SPDR S&P Semiconductor ETF (XSD). 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 | XSD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.41 | ||
| Sortino ratioReturn per unit of downside risk | -4.71 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.51 | -0.63 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 7.98 | -8.54 |
| Martin ratioReturn relative to average drawdown | -1.21 | 26.27 | -27.49 |
Loading charts...
Drawdowns
PDD vs. XSD - Drawdown Comparison
The maximum PDD drawdown since its inception was -87.41%, which is greater than XSD's maximum drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for PDD and XSD.
Loading charts...
Drawdown Indicators
| PDD | XSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.41% | -64.56% | -22.85% |
Max Drawdown (1Y)Largest decline over 1 year | -44.57% | -18.61% | -25.96% |
Max Drawdown (3Y)Largest decline over 3 years | -51.41% | -41.25% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -80.88% | -42.27% | -38.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.27% | — |
Current DrawdownCurrent decline from peak | -62.25% | -7.06% | -55.19% |
Average DrawdownAverage peak-to-trough decline | -39.39% | -13.72% | -25.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.61% | 5.64% | +14.97% |
Volatility
PDD vs. XSD - Volatility Comparison
The current volatility for PDD Holdings Inc. (PDD) is 13.95%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 22.76%. This indicates that PDD experiences smaller price fluctuations and is considered to be less risky than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PDD | XSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.95% | 22.76% | -8.81% |
Volatility (6M)Calculated over the trailing 6-month period | 25.46% | 33.53% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.62% | 40.74% | -8.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 68.13% | 39.20% | +28.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.29% | 35.44% | +33.85% |
Dividends
PDD vs. XSD - Dividend Comparison
PDD has not paid dividends to shareholders, while XSD's dividend yield for the trailing twelve months is around 0.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PDD PDD Holdings 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% |
XSD SPDR S&P Semiconductor ETF | 0.13% | 0.26% | 0.20% | 0.31% | 0.44% | 0.10% | 0.26% | 0.51% | 1.16% | 0.59% | 0.64% | 0.58% |
Frequently Asked Questions
PDD and XSD have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
XSD has higher volatility (22.76%) compared to PDD (13.95%). In terms of maximum drawdown, PDD dropped -87.41% vs XSD's -64.56%.
XSD currently has the higher Sharpe Ratio (3.65 vs -0.77), 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 XSD
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