QFIN vs. PDD
QFIN (360 DigiTech, Inc.) and PDD (Pinduoduo Inc.) are both stocks. QFIN operates in Credit Services (Financial Services), while PDD operates in Internet Retail (Consumer Cyclical). Over the past 5 years, QFIN returned -12.03%/yr vs -7.73%/yr for PDD. At a 0.45 correlation, their price movements are largely independent.
Performance
QFIN vs. PDD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QFIN achieves a -15.31% return, which is significantly higher than PDD's -28.07% return.
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
PDD
- 1D
- 0.32%
- 1M
- -14.67%
- YTD
- -28.07%
- 6M
- -27.15%
- 1Y
- -18.91%
- 3Y*
- 1.73%
- 5Y*
- -7.73%
- 10Y*
- —
QFIN vs. PDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
PDD Pinduoduo Inc. | -28.07% | 16.91% | -33.71% | 79.41% | 39.88% | -67.19% | 369.78% | 68.54% | -0.62% |
Correlation
The correlation between QFIN and PDD is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.45 |
The correlation between QFIN and PDD shifts across timeframes, from 0.40 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
QFIN:
$948.90M
PDD:
$120.71B
QFIN:
CN¥51.00
PDD:
CN¥64.39
QFIN:
2.05
PDD:
8.58
QFIN:
0.06
PDD:
0.08
QFIN:
0.59
PDD:
1.86
QFIN:
0.26
PDD:
1.94
QFIN:
CN¥17.46B
PDD:
CN¥441.76B
QFIN:
CN¥12.90B
PDD:
CN¥247.30B
QFIN:
CN¥6.93B
PDD:
CN¥134.30B
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
QFIN vs. PDD — Risk / Return Rank
QFIN
PDD
QFIN vs. PDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for 360 DigiTech, Inc. (QFIN) and Pinduoduo Inc. (PDD). 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.
| QFIN | PDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.44 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.76 | 0.91 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.83 | -0.52 | -0.32 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.08 | -0.05 |
Loading charts...
Drawdowns
QFIN vs. PDD - Drawdown Comparison
The maximum QFIN drawdown since its inception was -76.74%, smaller than the maximum PDD drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for QFIN and PDD.
Loading charts...
Drawdown Indicators
| QFIN | PDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.74% | -87.41% | +10.67% |
Max Drawdown (1Y)Largest decline over 1 year | -72.31% | -41.14% | -31.17% |
Max Drawdown (3Y)Largest decline over 3 years | -73.15% | -48.40% | -24.75% |
Max Drawdown (5Y)Largest decline over 5 years | -76.74% | -80.88% | +4.14% |
Current DrawdownCurrent decline from peak | -64.51% | -59.79% | -4.72% |
Average DrawdownAverage peak-to-trough decline | -45.54% | -39.32% | -6.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 53.01% | 19.55% | +33.46% |
Volatility
QFIN vs. PDD - Volatility Comparison
360 DigiTech, Inc. (QFIN) has a higher volatility of 29.45% compared to Pinduoduo Inc. (PDD) at 14.35%. This indicates that QFIN's price experiences larger fluctuations and is considered to be riskier than PDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QFIN | PDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.45% | 14.35% | +15.10% |
Volatility (6M)Calculated over the trailing 6-month period | 38.71% | 25.50% | +13.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.12% | 32.48% | +22.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.39% | 68.09% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 72.04% | 69.37% | +2.67% |
Dividends
QFIN vs. PDD - Dividend Comparison
QFIN's dividend yield for the trailing twelve months is around 10.00%, while PDD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
PDD Pinduoduo Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% |
Financials
QFIN vs. PDD - Financials Comparison
This section allows you to compare key financial metrics between 360 DigiTech, Inc. and Pinduoduo 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
QFIN vs. PDD - Profitability Comparison
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%.
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%.
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%.
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%.
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%.
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%.
Frequently Asked Questions
QFIN and PDD have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QFIN has higher volatility (29.45%) compared to PDD (14.35%). In terms of maximum drawdown, QFIN dropped -76.74% vs PDD's -87.41%.
PDD currently has the higher Sharpe Ratio (-0.65 vs -1.09), 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 QFIN and PDD
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