BIDU vs. TCEHY
BIDU (Baidu, Inc.) and TCEHY (Tencent Holdings Limited) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 10 years, BIDU returned -3.63%/yr vs 11.45%/yr for TCEHY. Their 0.51 correlation means they have sometimes moved together and sometimes differently.
Performance
BIDU vs. TCEHY - Performance Comparison
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Returns By Period
In the year-to-date period, BIDU achieves a -14.96% return, which is significantly higher than TCEHY's -18.82% return. Over the past 10 years, BIDU has underperformed TCEHY with an annualized return of -3.63%, while TCEHY has yielded a comparatively higher 11.45% annualized return.
BIDU
- 1D
- 3.38%
- 1M
- -1.93%
- 6M
- -27.46%
- YTD
- -14.96%
- 1Y
- 29.00%
- 3Y*
- -10.15%
- 5Y*
- -7.49%
- 10Y*
- -3.63%
- ALL TIME*
- 14.40%
TCEHY
- 1D
- 1.45%
- 1M
- 10.98%
- 6M
- -18.65%
- YTD
- -18.82%
- 1Y
- -8.49%
- 3Y*
- 11.92%
- 5Y*
- 2.48%
- 10Y*
- 11.45%
- ALL TIME*
- 24.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BIDU Baidu, Inc. | $192.80M | $238.99M | $313.95M |
| $234.60M | $228.99M | $250.94M |
BIDU vs. TCEHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIDU Baidu, Inc. | -14.96% | 54.98% | -29.20% | 4.12% | -23.13% | -31.19% | 71.08% | -20.30% | -32.28% | 42.45% |
TCEHY Tencent Holdings Limited | -18.82% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -23.83% | 115.30% |
Correlation
The correlation between BIDU and TCEHY is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2008 | 0.51 |
The correlation between BIDU and TCEHY shifts across timeframes, from 0.51 (all time) to 0.69 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BIDU:
$37.79B
TCEHY:
$553.66B
BIDU:
CN¥3.78
TCEHY:
CN¥25.31
BIDU:
198.55
TCEHY:
16.38
BIDU:
9.02
TCEHY:
2.04
BIDU:
2.00
TCEHY:
5.01
BIDU:
0.97
TCEHY:
3.39
BIDU:
CN¥128.51B
TCEHY:
CN¥763.32B
BIDU:
CN¥54.09B
TCEHY:
CN¥422.60B
BIDU:
CN¥23.17B
TCEHY:
CN¥324.78B
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Return for Risk
BIDU vs. TCEHY — Risk / Return Rank
BIDU
TCEHY
BIDU vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baidu, Inc. (BIDU) and Tencent Holdings Limited (TCEHY). 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.
| BIDU | TCEHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.86 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 0.97 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | -0.30 | +1.03 |
| Martin ratioReturn relative to average drawdown | 1.35 | -0.53 | +1.89 |
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Drawdowns
BIDU vs. TCEHY - Drawdown Comparison
The maximum BIDU drawdown since its inception was -77.47%, which is greater than TCEHY's maximum drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for BIDU and TCEHY.
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Drawdown Indicators
| BIDU | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.47% | -73.17% | -4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -36.01% | -38.23% | +2.22% |
Max Drawdown (3Y)Largest decline over 3 years | -48.74% | -38.23% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -57.69% | -60.48% | +2.79% |
Max Drawdown (10Y)Largest decline over 10 years | -77.47% | -73.17% | -4.30% |
Current DrawdownCurrent decline from peak | -67.31% | -30.01% | -37.30% |
Average DrawdownAverage peak-to-trough decline | -35.76% | -19.83% | -15.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.61% | 21.22% | -1.61% |
Volatility
BIDU vs. TCEHY - Volatility Comparison
The current volatility for Baidu, Inc. (BIDU) is 11.38%, while Tencent Holdings Limited (TCEHY) has a volatility of 13.24%. This indicates that BIDU experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIDU | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.38% | 13.24% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 33.23% | 27.31% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.67% | 33.66% | +17.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 51.96% | 43.15% | +8.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.43% | 39.01% | +7.42% |
Dividends
BIDU vs. TCEHY - Dividend Comparison
BIDU has not paid dividends to shareholders, while TCEHY's dividend yield for the trailing twelve months is around 1.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIDU Baidu, 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% |
TCEHY Tencent Holdings Limited | 1.10% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
Financials
BIDU vs. TCEHY - Financials Comparison
This section allows you to compare key financial metrics between Baidu, Inc. and Tencent Holdings Limited. 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
BIDU vs. TCEHY - Profitability Comparison
BIDU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Baidu, Inc. reported a gross profit of 12.41B and revenue of 31.88B. Therefore, the gross margin over that period was 38.9%.
TCEHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tencent Holdings Limited reported a gross profit of 106.58B and revenue of 195.27B. Therefore, the gross margin over that period was 54.6%.
BIDU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Baidu, Inc. reported an operating income of 3.17B and revenue of 31.88B, resulting in an operating margin of 10.0%.
TCEHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tencent Holdings Limited reported an operating income of 65.72B and revenue of 195.27B, resulting in an operating margin of 33.7%.
BIDU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Baidu, Inc. reported a net income of 3.42B and revenue of 31.88B, resulting in a net margin of 10.7%.
TCEHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tencent Holdings Limited reported a net income of 57.74B and revenue of 195.27B, resulting in a net margin of 29.6%.
Frequently Asked Questions
BIDU and TCEHY have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (13.24%) compared to BIDU (11.38%). In terms of maximum drawdown, BIDU dropped -77.47% vs TCEHY's -73.17%.
BIDU currently has the higher Sharpe Ratio (0.52 vs -0.34), 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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