BILI vs. TME
BILI (Bilibili Inc.) and TME (Tencent Music Entertainment Group) are both stocks. Both are in the Communication Services sector — BILI in Electronic Gaming & Multimedia, TME in Internet Content & Information. Over the past 5 years, BILI returned -30.02%/yr vs -9.38%/yr for TME. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
BILI vs. TME - Performance Comparison
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Returns By Period
In the year-to-date period, BILI achieves a -26.96% return, which is significantly higher than TME's -46.87% return.
BILI
- 1D
- 2.86%
- 1M
- -18.59%
- YTD
- -26.96%
- 6M
- -30.92%
- 1Y
- -4.21%
- 3Y*
- 3.69%
- 5Y*
- -30.02%
- 10Y*
- —
TME
- 1D
- -0.11%
- 1M
- -1.84%
- YTD
- -46.87%
- 6M
- -49.90%
- 1Y
- -48.14%
- 3Y*
- 6.95%
- 5Y*
- -9.38%
- 10Y*
- —
BILI vs. TME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BILI Bilibili Inc. | -26.96% | 35.78% | 48.81% | -48.63% | -48.94% | -45.87% | 360.37% | 27.62% | -4.58% |
TME Tencent Music Entertainment Group | -46.87% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -5.57% |
Correlation
The correlation between BILI and TME is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2018 | 0.57 |
The correlation between BILI and TME shifts across timeframes, from 0.51 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BILI:
$8.25B
TME:
$14.11B
BILI:
$3.12
TME:
$5.49
BILI:
5.76
TME:
1.65
BILI:
0.26
TME:
0.43
BILI:
0.53
TME:
0.19
BILI:
$30.77B
TME:
$32.50B
BILI:
$11.33B
TME:
$18.52B
BILI:
$1.53B
TME:
$13.20B
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Return for Risk
BILI vs. TME — Risk / Return Rank
BILI
TME
BILI vs. TME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) 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.
| BILI | TME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.94 | ||
| Sortino ratioReturn per unit of downside risk | +1.65 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 0.79 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.08 | -0.72 | +0.64 |
| Martin ratioReturn relative to average drawdown | -0.19 | -1.28 | +1.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BILI | TME | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | -1.03 | +0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.38 | -0.16 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.09 | +0.17 |
Drawdowns
BILI vs. TME - Drawdown Comparison
The maximum BILI drawdown since its inception was -94.30%, roughly equal to the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for BILI and TME.
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Drawdown Indicators
| BILI | TME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -90.19% | -4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -52.06% | -67.01% | +14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -67.01% | +13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -92.97% | -80.52% | -12.45% |
Current DrawdownCurrent decline from peak | -88.51% | -70.06% | -18.45% |
Average DrawdownAverage peak-to-trough decline | -57.93% | -52.00% | -5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.45% | 37.58% | -15.13% |
Volatility
BILI vs. TME - Volatility Comparison
Bilibili Inc. (BILI) has a higher volatility of 18.85% compared to Tencent Music Entertainment Group (TME) at 11.99%. This indicates that BILI'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
| BILI | TME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.85% | 11.99% | +6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 36.38% | 40.90% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.46% | 47.06% | +3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.18% | 60.05% | +19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.83% | 56.71% | +17.12% |
Dividends
BILI vs. TME - Dividend Comparison
BILI has not paid dividends to shareholders, while TME's dividend yield for the trailing twelve months is around 2.65%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BILI Bilibili Inc. | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.65% | 1.03% | 1.21% |
Financials
BILI vs. TME - Financials Comparison
This section allows you to compare key financial metrics between Bilibili 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
BILI vs. TME - Profitability Comparison
BILI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
BILI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
BILI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
BILI and TME have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILI has higher volatility (18.85%) compared to TME (11.99%). In terms of maximum drawdown, BILI dropped -94.30% vs TME's -90.19%.
BILI currently has the higher Sharpe Ratio (-0.08 vs -1.03), 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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