BEKE vs. TME
BEKE (KE Holdings Inc.) and TME (Tencent Music Entertainment Group) are both stocks. BEKE operates in Real Estate - Services (Real Estate), while TME operates in Internet Content & Information (Communication Services). Over the past 5 years, BEKE returned -3.65%/yr vs -1.27%/yr for TME. Their 0.49 correlation means their historical movements had little consistent relationship.
Performance
BEKE vs. TME - Performance Comparison
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Returns By Period
In the year-to-date period, BEKE achieves a 9.54% return, which is significantly higher than TME's -44.65% return.
BEKE
- 1D
- -0.24%
- 1M
- 12.33%
- 6M
- -7.78%
- YTD
- 9.54%
- 1Y
- -5.14%
- 3Y*
- 1.26%
- 5Y*
- -3.65%
- 10Y*
- —
- ALL TIME*
- -10.36%
TME
- 1D
- -0.32%
- 1M
- 9.50%
- 6M
- -42.17%
- YTD
- -44.65%
- 1Y
- -52.76%
- 3Y*
- 14.01%
- 5Y*
- -1.27%
- 10Y*
- —
- ALL TIME*
- -4.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BEKE KE Holdings Inc. | $56.49M | $58.46M | $76.98M |
| $57.80M | $53.31M | $88.19M |
BEKE vs. TME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BEKE KE Holdings Inc. | 9.54% | -12.65% | 16.49% | 17.37% | -30.62% | -67.31% | 75.53% |
TME Tencent Music Entertainment Group | -44.65% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 26.25% |
Correlation
The correlation between BEKE and TME is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 13, 2020 | 0.49 |
The correlation between BEKE and TME shifts across timeframes, from 0.37 (1 year) to 0.54 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BEKE:
$18.04B
TME:
$14.52B
BEKE:
CN¥2.97
TME:
CN¥5.49
BEKE:
38.55
TME:
11.62
BEKE:
0.31
TME:
0.29
BEKE:
1.45
TME:
3.06
BEKE:
2.02
TME:
1.34
BEKE:
CN¥90.03B
TME:
CN¥32.50B
BEKE:
CN¥19.92B
TME:
CN¥18.52B
BEKE:
CN¥6.67B
TME:
CN¥13.20B
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Return for Risk
BEKE vs. TME — Risk / Return Rank
BEKE
TME
BEKE vs. TME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for KE Holdings Inc. (BEKE) and Tencent Music Entertainment Group (TME). 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.
| BEKE | TME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.98 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 0.75 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | -0.22 | -0.79 | +0.57 |
| Martin ratioReturn relative to average drawdown | -0.39 | -1.19 | +0.80 |
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Drawdowns
BEKE vs. TME - Drawdown Comparison
The maximum BEKE drawdown since its inception was -88.26%, roughly equal to the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for BEKE and TME.
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Drawdown Indicators
| BEKE | TME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.26% | -90.19% | +1.93% |
Max Drawdown (1Y)Largest decline over 1 year | -28.66% | -68.21% | +39.55% |
Max Drawdown (3Y)Largest decline over 3 years | -42.53% | -68.21% | +25.68% |
Max Drawdown (5Y)Largest decline over 5 years | -64.09% | -71.08% | +6.99% |
Current DrawdownCurrent decline from peak | -76.19% | -68.81% | -7.38% |
Average DrawdownAverage peak-to-trough decline | -68.13% | -52.34% | -15.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.00% | 45.17% | -29.17% |
Volatility
BEKE vs. TME - Volatility Comparison
KE Holdings Inc. (BEKE) has a higher volatility of 9.84% compared to Tencent Music Entertainment Group (TME) at 9.18%. This indicates that BEKE's price experiences larger fluctuations and is considered to be riskier than TME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BEKE | TME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.84% | 9.18% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 27.90% | 40.78% | -12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.24% | 46.89% | -10.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 71.22% | 59.67% | +11.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.62% | 56.32% | +17.30% |
Dividends
BEKE vs. TME - Dividend Comparison
BEKE's dividend yield for the trailing twelve months is around 1.63%, less than TME's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BEKE KE Holdings Inc. | 1.63% | 2.28% | 1.91% | 1.05% |
TME Tencent Music Entertainment Group | 2.54% | 1.03% | 1.21% | 0.00% |
Financials
BEKE vs. TME - Financials Comparison
This section allows you to compare key financial metrics between KE Holdings Inc. and Tencent Music Entertainment Group. 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
BEKE vs. TME - Profitability Comparison
BEKE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, KE Holdings Inc. reported a gross profit of 4.53B and revenue of 18.78B. Therefore, the gross margin over that period was 24.1%.
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tencent Music Entertainment Group reported a gross profit of 3.52B and revenue of 7.85B. Therefore, the gross margin over that period was 44.9%.
BEKE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, KE Holdings Inc. reported an operating income of 1.27B and revenue of 18.78B, resulting in an operating margin of 6.7%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tencent Music Entertainment Group reported an operating income of 2.32B and revenue of 7.85B, resulting in an operating margin of 29.6%.
BEKE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, KE Holdings Inc. reported a net income of 1.25B and revenue of 18.78B, resulting in a net margin of 6.7%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tencent Music Entertainment Group reported a net income of 2.08B and revenue of 7.85B, resulting in a net margin of 26.5%.
Frequently Asked Questions
BEKE and TME have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BEKE has higher volatility (9.84%) compared to TME (9.18%). In terms of maximum drawdown, BEKE dropped -88.26% vs TME's -90.19%.
BEKE currently has the higher Sharpe Ratio (-0.17 vs -1.15), 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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