SPGI vs. PDD

Last updated Apr 1, 2026

Compare and contrast key facts about S&P Global Inc. (SPGI) and Pinduoduo Inc. (PDD).

Performance

SPGI vs. PDD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in S&P Global Inc. (SPGI) and Pinduoduo Inc. (PDD). The values are adjusted to include any dividend payments, if applicable.

SPGI vs. PDD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SPGI S&P Global Inc.	-18.42%	5.71%	13.94%	32.79%	-28.38%	44.68%	21.40%	62.27%	-19.42%
PDD Pinduoduo Inc.	-9.89%	16.91%	-33.71%	79.41%	39.88%	-67.19%	369.78%	68.54%	-15.96%

Fundamentals

Market Cap SPGI : $128.50B PDD : $151.91B
EPS SPGI : $14.70 PDD : $66.65
PE Ratio SPGI : 28.94 PDD : 1.53
PEG Ratio SPGI : 3.78 PDD : 0.01
PS Ratio SPGI : 8.44 PDD : 0.35
PB Ratio SPGI : 4.11 PDD : 0.37
Total Revenue (TTM) SPGI : $15.34B PDD : $430.14B
Gross Profit (TTM) SPGI : $11.65B PDD : $242.09B
EBITDA (TTM) SPGI : $7.39B PDD : $104.34B

Returns By Period

In the year-to-date period, SPGI achieves a -18.42% return, which is significantly lower than PDD's -9.89% return.

SPGI

• 1D: 1.86%
• 1M: -3.74%
• YTD: -18.42%
• 6M: -12.23%
• 1Y: -15.63%
• 3Y*: 8.13%
• 5Y*: 4.10%
• 10Y*: 16.74%

PDD

• 1D: 3.82%
• 1M: -1.49%
• YTD: -9.89%
• 6M: -22.69%
• 1Y: -13.66%
• 3Y*: 10.42%
• 5Y*: -6.62%
• 10Y*: —

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

Return for Risk

SPGI vs. PDD — Risk / Return Rank

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

SPGI

SPGI Risk / Return Rank: 20
SPGI Sharpe Ratio Rank: 19
SPGI Sortino Ratio Rank: 19
SPGI Omega Ratio Rank: 18
SPGI Calmar Ratio Rank: 27
SPGI Martin Ratio Rank: 19

PDD

PDD Risk / Return Rank: 25
PDD Sharpe Ratio Rank: 25
PDD Sortino Ratio Rank: 24
PDD Omega Ratio Rank: 24
PDD Calmar Ratio Rank: 26
PDD Martin Ratio Rank: 26

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.

SPGI vs. PDD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for S&P Global Inc. (SPGI) 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.

	SPGI	PDD	Difference
Sharpe ratio Return per unit of total volatility	-0.53	-0.38	-0.15
Sortino ratio Return per unit of downside risk	-0.53	-0.29	-0.24
Omega ratio Gain probability vs. loss probability	0.92	0.96	-0.04
Calmar ratio Return relative to maximum drawdown	-0.48	-0.50	+0.02
Martin ratio Return relative to average drawdown	-1.21	-0.95	-0.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPGI vs. PDD - Sharpe Ratio Comparison

The current SPGI Sharpe Ratio is -0.53, which is lower than the PDD Sharpe Ratio of -0.38. The chart below compares the historical Sharpe Ratios of SPGI and PDD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SPGI	PDD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.53	-0.38	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.17	-0.10	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.27	+0.18

Correlation

The correlation between SPGI and PDD is 0.20, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

SPGI vs. PDD - Dividend Comparison

SPGI's dividend yield for the trailing twelve months is around 0.91%, while PDD has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPGI S&P Global Inc.	0.91%	0.73%	0.73%	0.82%	0.99%	0.65%	0.82%	0.84%	1.18%	0.97%	1.34%	1.34%
PDD Pinduoduo 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%

Drawdowns

SPGI vs. PDD - Drawdown Comparison

The maximum SPGI drawdown since its inception was -74.67%, smaller than the maximum PDD drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for SPGI and PDD.

Drawdown Indicators

	SPGI	PDD	Difference
Max Drawdown Largest peak-to-trough decline	-74.67%	-87.41%	+12.74%
Max Drawdown (1Y) Largest decline over 1 year	-30.48%	-30.36%	-0.12%
Max Drawdown (5Y) Largest decline over 5 years	-39.76%	-82.77%	+43.01%
Max Drawdown (10Y) Largest decline over 10 years	-39.76%	—	—
Current Drawdown Current decline from peak	-24.15%	-49.62%	+25.47%
Average Drawdown Average peak-to-trough decline	-15.16%	-38.98%	+23.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.10%	16.03%	-3.93%

Volatility

SPGI vs. PDD - Volatility Comparison

The current volatility for S&P Global Inc. (SPGI) is 7.59%, while Pinduoduo Inc. (PDD) has a volatility of 9.65%. This indicates that SPGI experiences smaller price fluctuations and is considered to be less risky than PDD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SPGI	PDD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.59%	9.65%	-2.06%
Volatility (6M) Calculated over the trailing 6-month period	23.19%	21.76%	+1.43%
Volatility (1Y) Calculated over the trailing 1-year period	29.43%	35.86%	-6.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.30%	68.58%	-44.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.92%	69.97%	-44.05%

Financials

SPGI vs. PDD - Profitability Comparison

The chart below illustrates the profitability comparison between S&P Global Inc. and Pinduoduo Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SPGI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, S&P Global Inc. reported a gross profit of 3.92B and revenue of 3.92B. Therefore, the gross margin over that period was 100.0%.

PDD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Pinduoduo Inc. reported a gross profit of 67.81B and revenue of 122.20B. Therefore, the gross margin over that period was 55.5%.

SPGI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, S&P Global Inc. reported an operating income of 1.67B and revenue of 3.92B, resulting in an operating margin of 42.8%.

PDD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Pinduoduo Inc. reported an operating income of 27.34B and revenue of 122.20B, resulting in an operating margin of 22.4%.

SPGI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, S&P Global Inc. reported a net income of 1.13B and revenue of 3.92B, resulting in a net margin of 29.0%.

PDD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Pinduoduo Inc. reported a net income of 24.20B and revenue of 122.20B, resulting in a net margin of 19.8%.