WDH vs. DXPE

Last updated Jun 4, 2026

WDH (Waterdrop Inc.) and DXPE (DXP Enterprises, Inc.) are both stocks. WDH operates in Insurance - Diversified (Financial Services), while DXPE operates in Industrial Distribution (Industrials). Over the past 5 years, WDH returned -28.24%/yr vs 37.42%/yr for DXPE. At a 0.12 correlation, their price movements are largely independent.

Performance

WDH vs. DXPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Waterdrop Inc. (WDH) and DXP Enterprises, Inc. (DXPE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WDH achieves a -21.77% return, which is significantly lower than DXPE's 41.39% return.

WDH

• 1D: -3.31%
• 1M: -7.59%
• YTD: -21.77%
• 6M: -21.36%
• 1Y: 2.75%
• 3Y*: -11.69%
• 5Y*: -28.24%
• 10Y*: —

DXPE

• 1D: 1.24%
• 1M: -9.83%
• YTD: 41.39%
• 6M: 56.75%
• 1Y: 90.70%
• 3Y*: 66.30%
• 5Y*: 37.42%
• 10Y*: 27.62%

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

WDH vs. DXPE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WDH Waterdrop Inc.	-21.77%	66.25%	19.17%	-68.77%	141.30%	-85.77%
DXPE DXP Enterprises, Inc.	41.39%	32.89%	145.16%	22.32%	7.32%	-20.45%

Correlation

The correlation between WDH and DXPE is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (All Time) Calculated using the full available price history since May 10, 2021	0.12

Fundamentals

Market Cap WDH : $54.11M DXPE : $2.54B
EPS WDH : $2.18 DXPE : $5.35
PE Ratio WDH : 0.67 DXPE : 29.04
PEG Ratio WDH : 0.00 DXPE : 0.40
PS Ratio WDH : 0.10 DXPE : 1.24
PB Ratio WDH : 0.01 DXPE : 4.96
Total Revenue (TTM) WDH : $3.96B DXPE : $2.06B
Gross Profit (TTM) WDH : $2.02B DXPE : $654.27M
EBITDA (TTM) WDH : $369.70M DXPE : $210.11M

Return for Risk

WDH vs. DXPE — Risk / Return Rank

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

WDH

WDH Risk / Return Rank: 42
WDH Sharpe Ratio Rank: 43
WDH Sortino Ratio Rank: 41
WDH Omega Ratio Rank: 39
WDH Calmar Ratio Rank: 43
WDH Martin Ratio Rank: 43

DXPE

DXPE Risk / Return Rank: 80
DXPE Sharpe Ratio Rank: 85
DXPE Sortino Ratio Rank: 76
DXPE Omega Ratio Rank: 79
DXPE Calmar Ratio Rank: 80
DXPE Martin Ratio Rank: 82

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.

WDH vs. DXPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Waterdrop Inc. (WDH) and DXP Enterprises, Inc. (DXPE). 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.

	WDH	DXPE	Difference
Sharpe ratio Return per unit of total volatility	0.06	1.77	-1.71
Sortino ratio Return per unit of downside risk	0.45	2.08	-1.62
Omega ratio Gain probability vs. loss probability	1.05	1.30	-0.25
Calmar ratio Return relative to maximum drawdown	0.10	2.76	-2.66
Martin ratio Return relative to average drawdown	0.21	7.72	-7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WDH vs. DXPE - Sharpe Ratio Comparison

The current WDH Sharpe Ratio is 0.06, which is lower than the DXPE Sharpe Ratio of 1.77. The chart below compares the historical Sharpe Ratios of WDH and DXPE, 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

	WDH	DXPE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.06	1.77	-1.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.46	0.83	-1.29
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.48	0.16	-0.64

Drawdowns

WDH vs. DXPE - Drawdown Comparison

The maximum WDH drawdown since its inception was -90.62%, smaller than the maximum DXPE drawdown of -95.45%. Use the drawdown chart below to compare losses from any high point for WDH and DXPE.

Drawdown Indicators

	WDH	DXPE	Difference
Max Drawdown Largest peak-to-trough decline	-90.62%	-95.45%	+4.83%
Max Drawdown (1Y) Largest decline over 1 year	-26.97%	-32.99%	+6.02%
Max Drawdown (3Y) Largest decline over 3 years	-62.60%	-32.99%	-29.61%
Max Drawdown (5Y) Largest decline over 5 years	-89.26%	-37.98%	-51.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-77.28%	—
Current Drawdown Current decline from peak	-83.38%	-14.48%	-68.90%
Average Drawdown Average peak-to-trough decline	-80.12%	-54.54%	-25.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.15%	11.79%	+1.36%

Volatility

WDH vs. DXPE - Volatility Comparison

The current volatility for Waterdrop Inc. (WDH) is 13.75%, while DXP Enterprises, Inc. (DXPE) has a volatility of 24.05%. This indicates that WDH experiences smaller price fluctuations and is considered to be less risky than DXPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WDH	DXPE	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.75%	24.05%	-10.30%
Volatility (6M) Calculated over the trailing 6-month period	25.24%	35.50%	-10.26%
Volatility (1Y) Calculated over the trailing 1-year period	44.81%	51.45%	-6.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.93%	45.35%	+16.58%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	62.87%	56.10%	+6.77%

Dividends

WDH vs. DXPE - Dividend Comparison

WDH's dividend yield for the trailing twelve months is around 4.11%, while DXPE has not paid dividends to shareholders.

Position	TTM	2025	2024
DXPE DXP Enterprises, Inc.	0.00%	0.00%	0.00%
WDH Waterdrop Inc.	4.11%	2.63%	5.08%

Financials

WDH vs. DXPE - Profitability Comparison

The chart below illustrates the profitability comparison between Waterdrop Inc. and DXP Enterprises, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

WDH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported a gross profit of 723.78M and revenue of 1.39B. Therefore, the gross margin over that period was 52.0%.

DXPE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, DXP Enterprises, Inc. reported a gross profit of 168.61M and revenue of 521.66M. Therefore, the gross margin over that period was 32.3%.

WDH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported an operating income of 82.71M and revenue of 1.39B, resulting in an operating margin of 5.9%.

DXPE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, DXP Enterprises, Inc. reported an operating income of 42.47M and revenue of 521.66M, resulting in an operating margin of 8.1%.

WDH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Waterdrop Inc. reported a net income of 159.88M and revenue of 1.39B, resulting in a net margin of 11.5%.

DXPE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, DXP Enterprises, Inc. reported a net income of 19.96M and revenue of 521.66M, resulting in a net margin of 3.8%.

Frequently Asked Questions

Can I hold both WDH and DXPE in my portfolio?

WDH and DXPE have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WDH or DXPE?

DXPE has higher volatility (24.05%) compared to WDH (13.75%). In terms of maximum drawdown, WDH dropped -90.62% vs DXPE's -95.45%.

Which has better risk-adjusted returns?

DXPE currently has the higher Sharpe Ratio (1.77 vs 0.06), 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.