HWM vs. TME
HWM (Howmet Aerospace Inc.) and TME (Tencent Music Entertainment Group) are both stocks. HWM operates in Aerospace & Defense (Industrials), while TME operates in Internet Content & Information (Communication Services). Over the past 5 years, HWM returned 54.23%/yr vs -1.27%/yr for TME. Their 0.19 correlation means their historical movements had little consistent relationship.
Performance
HWM vs. TME - Performance Comparison
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Returns By Period
In the year-to-date period, HWM achieves a 37.81% return, which is significantly higher than TME's -44.65% return.
HWM
- 1D
- 1.80%
- 1M
- 4.38%
- 6M
- 35.79%
- YTD
- 37.81%
- 1Y
- 53.53%
- 3Y*
- 79.79%
- 5Y*
- 54.23%
- 10Y*
- 32.45%
- ALL TIME*
- 7.55%
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) |
|---|---|---|---|
| $599.78M | $554.88M | $745.10M | |
| $57.80M | $53.31M | $88.19M |
HWM vs. TME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 37.81% | 87.95% | 102.71% | 37.84% | 24.16% | 11.67% | 21.03% | 83.54% | -16.29% |
TME Tencent Music Entertainment Group | -44.65% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -6.24% |
Correlation
The correlation between HWM and TME is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.19 |
The correlation between HWM and TME shifts across timeframes, from 0.03 (1 year) to 0.19 (all time), reflecting how their relationship changes across market environments.
Fundamentals
HWM:
$112.93B
TME:
$14.52B
HWM:
$4.32
TME:
CN¥5.49
HWM:
65.39
TME:
11.62
HWM:
1.11
TME:
0.29
HWM:
13.22
TME:
3.06
HWM:
20.60
TME:
1.34
HWM:
$8.62B
TME:
CN¥32.50B
HWM:
$2.81B
TME:
CN¥18.52B
HWM:
$2.66B
TME:
CN¥13.20B
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Return for Risk
HWM vs. TME — Risk / Return Rank
HWM
TME
HWM vs. TME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Howmet Aerospace Inc. (HWM) 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.
| HWM | TME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.03 | ||
| Sortino ratioReturn per unit of downside risk | +4.42 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 0.75 | +0.55 |
| Calmar ratioReturn relative to maximum drawdown | 3.63 | -0.79 | +4.42 |
| Martin ratioReturn relative to average drawdown | 11.10 | -1.19 | +12.30 |
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Drawdowns
HWM vs. TME - Drawdown Comparison
The maximum HWM drawdown since its inception was -88.30%, roughly equal to the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for HWM and TME.
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Drawdown Indicators
| HWM | TME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -88.30% | -90.19% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -15.89% | -68.21% | +52.32% |
Max Drawdown (3Y)Largest decline over 3 years | -19.41% | -68.21% | +48.80% |
Max Drawdown (5Y)Largest decline over 5 years | -20.14% | -71.08% | +50.94% |
Max Drawdown (10Y)Largest decline over 10 years | -64.81% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -68.81% | +66.39% |
Average DrawdownAverage peak-to-trough decline | -30.95% | -52.34% | +21.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 45.17% | -39.99% |
Volatility
HWM vs. TME - Volatility Comparison
The current volatility for Howmet Aerospace Inc. (HWM) is 8.39%, while Tencent Music Entertainment Group (TME) has a volatility of 9.18%. This indicates that HWM experiences smaller price fluctuations and is considered to be less risky 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
| HWM | TME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.39% | 9.18% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 24.95% | 40.78% | -15.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.44% | 46.89% | -15.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.11% | 59.67% | -27.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 39.67% | 56.32% | -16.65% |
Dividends
HWM vs. TME - Dividend Comparison
HWM's dividend yield for the trailing twelve months is around 0.17%, less than TME's 2.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HWM Howmet Aerospace Inc. | 0.17% | 0.21% | 0.24% | 0.31% | 0.25% | 0.13% | 0.05% | 0.39% | 1.42% | 0.88% | 40.49% | 1.22% |
TME Tencent Music Entertainment Group | 2.54% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
HWM vs. TME - Financials Comparison
This section allows you to compare key financial metrics between Howmet Aerospace 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
HWM vs. TME - Profitability Comparison
HWM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported a gross profit of 854.00M and revenue of 2.31B. Therefore, the gross margin over that period was 36.9%.
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%.
HWM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported an operating income of 734.00M and revenue of 2.31B, resulting in an operating margin of 31.7%.
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%.
HWM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Howmet Aerospace Inc. reported a net income of 580.00M and revenue of 2.31B, resulting in a net margin of 25.1%.
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
HWM and TME have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TME has higher volatility (9.18%) compared to HWM (8.39%). In terms of maximum drawdown, HWM dropped -88.30% vs TME's -90.19%.
HWM currently has the higher Sharpe Ratio (1.88 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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