QFIN vs. MSFT

Last updated Jun 3, 2026

QFIN (360 DigiTech, Inc.) and MSFT (Microsoft Corporation) are both stocks. QFIN operates in Credit Services (Financial Services), while MSFT operates in Software - Infrastructure (Technology). Over the past 5 years, QFIN returned -6.03%/yr vs 13.35%/yr for MSFT. At a 0.21 correlation, their price movements are largely independent.

Performance

QFIN vs. MSFT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 360 DigiTech, Inc. (QFIN) and Microsoft Corporation (MSFT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, QFIN achieves a -8.93% return, which is significantly lower than MSFT's -8.34% return.

QFIN

• 1D: -2.07%
• 1M: 23.67%
• YTD: -8.93%
• 6M: -10.42%
• 1Y: -55.97%
• 3Y*: 12.38%
• 5Y*: -6.03%
• 10Y*: —

MSFT

• 1D: -4.17%
• 1M: 6.71%
• YTD: -8.34%
• 6M: -9.54%
• 1Y: -3.71%
• 3Y*: 10.44%
• 5Y*: 13.35%
• 10Y*: 25.43%

*Multi-year figures are annualized to reflect compound growth (CAGR)

QFIN vs. MSFT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
QFIN 360 DigiTech, Inc.	-8.93%	-47.46%	162.76%	-16.28%	-6.54%	97.15%	20.68%	-36.99%	-6.02%
MSFT Microsoft Corporation	-8.34%	15.58%	12.93%	58.19%	-28.02%	52.48%	42.53%	57.56%	-4.21%

Correlation

The correlation between QFIN and MSFT is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.13
Correlation (5Y) Calculated over the trailing 5-year period	0.21
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018	0.21

Fundamentals

Market Cap QFIN : $1.02B MSFT : $3.29T
EPS QFIN : $51.00 MSFT : $16.79
PE Ratio QFIN : 0.32 MSFT : 26.28
PEG Ratio QFIN : 0.01 MSFT : 1.84
PS Ratio QFIN : 0.09 MSFT : 10.34
PB Ratio QFIN : 0.04 MSFT : 7.93
Total Revenue (TTM) QFIN : $17.46B MSFT : $318.27B
Gross Profit (TTM) QFIN : $12.90B MSFT : $217.41B
EBITDA (TTM) QFIN : $6.93B MSFT : $200.96B

Return for Risk

QFIN vs. MSFT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

QFIN

QFIN Risk / Return Rank: 8
QFIN Sharpe Ratio Rank: 4
QFIN Sortino Ratio Rank: 3
QFIN Omega Ratio Rank: 4
QFIN Calmar Ratio Rank: 11
QFIN Martin Ratio Rank: 17

MSFT

MSFT Risk / Return Rank: 33
MSFT Sharpe Ratio Rank: 34
MSFT Sortino Ratio Rank: 28
MSFT Omega Ratio Rank: 29
MSFT Calmar Ratio Rank: 36
MSFT Martin Ratio Rank: 37

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

QFIN vs. MSFT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) and Microsoft Corporation (MSFT). 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.

	QFIN	MSFT	Difference
Sharpe ratio Return per unit of total volatility	-1.03	-0.15	-0.88
Sortino ratio Return per unit of downside risk	-1.82	-0.04	-1.78
Omega ratio Gain probability vs. loss probability	0.79	1.00	-0.21
Calmar ratio Return relative to maximum drawdown	-0.78	-0.10	-0.68
Martin ratio Return relative to average drawdown	-1.09	-0.21	-0.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

QFIN vs. MSFT - Sharpe Ratio Comparison

The current QFIN Sharpe Ratio is -1.03, which is lower than the MSFT Sharpe Ratio of -0.15. The chart below compares the historical Sharpe Ratios of QFIN and MSFT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	QFIN	MSFT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.03	-0.15	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.09	0.50	-0.60
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.94	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	0.75	-0.69

Drawdowns

QFIN vs. MSFT - Drawdown Comparison

The maximum QFIN drawdown since its inception was -76.74%, which is greater than MSFT's maximum drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for QFIN and MSFT.

Drawdown Indicators

	QFIN	MSFT	Difference
Max Drawdown Largest peak-to-trough decline	-76.74%	-69.38%	-7.36%
Max Drawdown (1Y) Largest decline over 1 year	-72.31%	-33.91%	-38.40%
Max Drawdown (3Y) Largest decline over 3 years	-73.15%	-33.91%	-39.24%
Max Drawdown (5Y) Largest decline over 5 years	-76.74%	-37.15%	-39.59%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.15%	—
Current Drawdown Current decline from peak	-61.84%	-18.07%	-43.77%
Average Drawdown Average peak-to-trough decline	-45.44%	-21.78%	-23.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.74%	15.90%	+35.84%

Volatility

QFIN vs. MSFT - Volatility Comparison

360 DigiTech, Inc. (QFIN) has a higher volatility of 28.07% compared to Microsoft Corporation (MSFT) at 9.31%. This indicates that QFIN's price experiences larger fluctuations and is considered to be riskier than MSFT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	QFIN	MSFT	Difference
Volatility (1M) Calculated over the trailing 1-month period	28.07%	9.31%	+18.76%
Volatility (6M) Calculated over the trailing 6-month period	37.55%	22.14%	+15.41%
Volatility (1Y) Calculated over the trailing 1-year period	54.29%	24.92%	+29.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	66.90%	26.59%	+40.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	72.10%	27.03%	+45.07%

Dividends

QFIN vs. MSFT - Dividend Comparison

QFIN's dividend yield for the trailing twelve months is around 9.30%, more than MSFT's 0.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSFT Microsoft Corporation	0.81%	0.70%	0.73%	0.74%	1.06%	0.68%	0.94%	1.20%	1.69%	1.86%	2.37%	2.33%
QFIN 360 DigiTech, Inc.	9.30%	7.58%	4.56%	7.27%	4.03%	1.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

QFIN vs. MSFT - Profitability Comparison

The chart below illustrates the profitability comparison between 360 DigiTech, Inc. and Microsoft Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

QFIN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported a gross profit of 2.95B and revenue of 3.89B. Therefore, the gross margin over that period was 75.8%.

MSFT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a gross profit of 56.06B and revenue of 82.89B. Therefore, the gross margin over that period was 67.6%.

QFIN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported an operating income of 928.25M and revenue of 3.89B, resulting in an operating margin of 23.9%.

MSFT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported an operating income of 38.40B and revenue of 82.89B, resulting in an operating margin of 46.3%.

QFIN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported a net income of 877.98M and revenue of 3.89B, resulting in a net margin of 22.6%.

MSFT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Microsoft Corporation reported a net income of 31.78B and revenue of 82.89B, resulting in a net margin of 38.3%.

Frequently Asked Questions

Can I hold both QFIN and MSFT in my portfolio?

QFIN and MSFT have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, QFIN or MSFT?

QFIN has higher volatility (28.07%) compared to MSFT (9.31%). In terms of maximum drawdown, QFIN dropped -76.74% vs MSFT's -69.38%.

Which has better risk-adjusted returns?

MSFT currently has the higher Sharpe Ratio (-0.15 vs -1.03), 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.