THCH vs. PDD
THCH (TH International Limited) and PDD (PDD Holdings Inc.) are both stocks. Both are in the Consumer Cyclical sector — THCH in Restaurants, PDD in Internet Retail. Over the past 3 years, THCH returned -51.38%/yr vs -0.57%/yr for PDD. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
THCH vs. PDD - Performance Comparison
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Returns By Period
In the year-to-date period, THCH achieves a -32.13% return, which is significantly lower than PDD's -21.90% return.
THCH
- 1D
- -6.11%
- 1M
- -10.58%
- 6M
- -15.92%
- YTD
- -32.13%
- 1Y
- -41.92%
- 3Y*
- -51.38%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -52.49%
PDD
- 1D
- 1.28%
- 1M
- 7.49%
- 6M
- -12.36%
- YTD
- -21.90%
- 1Y
- -19.53%
- 3Y*
- -0.57%
- 5Y*
- -0.67%
- 10Y*
- —
- ALL TIME*
- 16.25%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $489.49M | $566.14M | $770.02M | |
| $15.95K | $9.79K | $12.55K |
THCH vs. PDD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
THCH TH International Limited | -32.13% | -29.86% | -59.43% | -37.05% | -52.64% |
PDD PDD Holdings Inc. | -21.90% | 16.91% | -33.71% | 79.41% | 29.49% |
Correlation
The correlation between THCH and PDD is 0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.05 |
Correlation (3Y) Balances recent behavior with more history. | 0.13 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2022 | 0.16 |
The correlation between THCH and PDD shifts across timeframes, from 0.05 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
THCH:
$54.14M
PDD:
$126.06B
THCH:
-CN¥14.84
PDD:
CN¥64.36
THCH:
0.29
PDD:
2.01
THCH:
CN¥1.27B
PDD:
CN¥441.76B
THCH:
CN¥137.75M
PDD:
CN¥247.30B
THCH:
-CN¥191.18M
PDD:
CN¥134.30B
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Return for Risk
THCH vs. PDD — Risk / Return Rank
THCH
PDD
THCH vs. PDD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TH International Limited (THCH) and PDD Holdings 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.
| THCH | PDD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.11 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.91 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | -0.47 | -0.30 |
| Martin ratioReturn relative to average drawdown | -1.44 | -0.90 | -0.54 |
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Drawdowns
THCH vs. PDD - Drawdown Comparison
The maximum THCH drawdown since its inception was -96.02%, which is greater than PDD's maximum drawdown of -87.41%. Use the drawdown chart below to compare losses from any high point for THCH and PDD.
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Drawdown Indicators
| THCH | PDD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.02% | -87.41% | -8.61% |
Max Drawdown (1Y)Largest decline over 1 year | -50.17% | -46.93% | -3.24% |
Max Drawdown (3Y)Largest decline over 3 years | -89.61% | -53.48% | -36.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -76.30% | — |
Current DrawdownCurrent decline from peak | -95.36% | -56.34% | -39.02% |
Average DrawdownAverage peak-to-trough decline | -79.69% | -39.65% | -40.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.61% | 24.37% | +2.24% |
Volatility
THCH vs. PDD - Volatility Comparison
TH International Limited (THCH) has a higher volatility of 21.90% compared to PDD Holdings Inc. (PDD) at 7.74%. This indicates that THCH'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.
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Volatility by Period
| THCH | PDD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 21.90% | 7.74% | +14.16% |
Volatility (6M)Calculated over the trailing 6-month period | 58.37% | 26.27% | +32.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 70.49% | 33.67% | +36.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 78.61% | 67.32% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 78.61% | 68.97% | +9.64% |
Dividends
THCH vs. PDD - Dividend Comparison
Neither THCH nor PDD has paid dividends to shareholders.
Financials
THCH vs. PDD - Financials Comparison
This section allows you to compare key financial metrics between TH International Limited and PDD Holdings 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
THCH vs. PDD - Profitability Comparison
THCH - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, TH International Limited reported a gross profit of 5.62M and revenue of 255.19M. Therefore, the gross margin over that period was 2.2%.
PDD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, PDD Holdings Inc. reported a gross profit of 58.98B and revenue of 105.59B. Therefore, the gross margin over that period was 55.9%.
THCH - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, TH International Limited reported an operating income of -65.89M and revenue of 255.19M, resulting in an operating margin of -25.8%.
PDD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, PDD Holdings Inc. reported an operating income of 21.02B and revenue of 105.59B, resulting in an operating margin of 19.9%.
THCH - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, TH International Limited reported a net income of -109.23M and revenue of 255.19M, resulting in a net margin of -42.8%.
PDD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, PDD Holdings Inc. reported a net income of 12.47B and revenue of 105.59B, resulting in a net margin of 11.8%.
Frequently Asked Questions
THCH and PDD have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
THCH has higher volatility (21.90%) compared to PDD (7.74%). In terms of maximum drawdown, THCH dropped -96.02% vs PDD's -87.41%.
THCH currently has the higher Sharpe Ratio (-0.55 vs -0.65), 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.
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