GMED vs. TME
GMED (Globus Medical, Inc.) and TME (Tencent Music Entertainment Group) are both stocks. GMED operates in Medical Devices (Healthcare), while TME operates in Internet Content & Information (Communication Services). Over the past 5 years, GMED returned -0.63%/yr vs -6.27%/yr for TME. At a 0.20 correlation, their price movements are largely independent.
Performance
GMED vs. TME - Performance Comparison
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Returns By Period
In the year-to-date period, GMED achieves a -10.54% return, which is significantly higher than TME's -47.99% return.
GMED
- 1D
- 1.92%
- 1M
- -2.99%
- 6M
- -17.32%
- YTD
- -10.54%
- 1Y
- 36.75%
- 3Y*
- 8.91%
- 5Y*
- -0.63%
- 10Y*
- 12.07%
TME
- 1D
- 0.34%
- 1M
- -4.10%
- 6M
- -47.45%
- YTD
- -47.99%
- 1Y
- -53.93%
- 3Y*
- 7.36%
- 5Y*
- -6.27%
- 10Y*
- —
GMED vs. TME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GMED Globus Medical, Inc. | -10.54% | 5.56% | 55.21% | -28.25% | 2.87% | 10.70% | 10.77% | 36.04% | -5.34% |
TME Tencent Music Entertainment Group | -47.99% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -6.24% |
Correlation
The correlation between GMED and TME is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.20 |
Fundamentals
GMED:
$10.53B
TME:
$13.65B
GMED:
$4.28
TME:
CN¥5.49
GMED:
18.23
TME:
10.98
GMED:
0.19
TME:
0.27
GMED:
3.45
TME:
2.89
GMED:
2.28
TME:
1.27
GMED:
$3.10B
TME:
CN¥32.50B
GMED:
$1.58B
TME:
CN¥18.52B
GMED:
$803.34M
TME:
CN¥13.20B
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Return for Risk
GMED vs. TME — Risk / Return Rank
GMED
TME
GMED vs. TME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Globus Medical, Inc. (GMED) 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.
| GMED | TME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.88 | ||
| Sortino ratioReturn per unit of downside risk | +3.48 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 0.75 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.60 | -0.80 | +2.40 |
| Martin ratioReturn relative to average drawdown | 3.87 | -1.29 | +5.15 |
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Drawdowns
GMED vs. TME - Drawdown Comparison
The maximum GMED drawdown since its inception was -47.91%, smaller than the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for GMED and TME.
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Drawdown Indicators
| GMED | TME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -90.19% | +42.28% |
Max Drawdown (1Y)Largest decline over 1 year | -22.10% | -68.21% | +46.11% |
Max Drawdown (3Y)Largest decline over 3 years | -44.40% | -68.21% | +23.81% |
Max Drawdown (5Y)Largest decline over 5 years | -47.91% | -76.04% | +28.13% |
Max Drawdown (10Y)Largest decline over 10 years | -47.91% | — | — |
Current DrawdownCurrent decline from peak | -19.32% | -70.69% | +51.37% |
Average DrawdownAverage peak-to-trough decline | -15.33% | -52.20% | +36.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.13% | 42.35% | -33.22% |
Volatility
GMED vs. TME - Volatility Comparison
Globus Medical, Inc. (GMED) has a higher volatility of 13.69% compared to Tencent Music Entertainment Group (TME) at 9.14%. This indicates that GMED'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
| GMED | TME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.69% | 9.14% | +4.55% |
Volatility (6M)Calculated over the trailing 6-month period | 25.33% | 40.96% | -15.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.46% | 46.98% | +2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.27% | 59.91% | -21.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.68% | 56.46% | -20.78% |
Dividends
GMED vs. TME - Dividend Comparison
GMED has not paid dividends to shareholders, while TME's dividend yield for the trailing twelve months is around 2.70%.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GMED Globus Medical, Inc. | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.70% | 1.03% | 1.21% |
Financials
GMED vs. TME - Financials Comparison
This section allows you to compare key financial metrics between Globus Medical, 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
GMED vs. TME - Profitability Comparison
GMED - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a gross profit of 0.00 and revenue of 759.85M. Therefore, the gross margin over that period was 0.0%.
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.
GMED - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported an operating income of 150.39M and revenue of 759.85M, resulting in an operating margin of 19.8%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.
GMED - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Globus Medical, Inc. reported a net income of 124.30M and revenue of 759.85M, resulting in a net margin of 16.4%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 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
GMED and TME have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GMED has higher volatility (13.69%) compared to TME (9.14%). In terms of maximum drawdown, GMED dropped -47.91% vs TME's -90.19%.
GMED currently has the higher Sharpe Ratio (0.71 vs -1.16), 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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