LI vs. TCEHY
LI (Li Auto Inc.) and TCEHY (Tencent Holdings Limited) are both stocks. LI operates in Auto Manufacturers (Consumer Cyclical), while TCEHY operates in Internet Content & Information (Communication Services). Over the past 5 years, LI returned -16.29%/yr vs -3.63%/yr for TCEHY. At a 0.46 correlation, their price movements are largely independent.
Performance
LI vs. TCEHY - Performance Comparison
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Returns By Period
In the year-to-date period, LI achieves a -24.28% return, which is significantly higher than TCEHY's -26.90% return.
LI
- 1D
- -2.95%
- 1M
- -19.32%
- YTD
- -24.28%
- 6M
- -24.50%
- 1Y
- -50.71%
- 3Y*
- -27.19%
- 5Y*
- -16.29%
- 10Y*
- —
TCEHY
- 1D
- -1.41%
- 1M
- -1.36%
- YTD
- -26.90%
- 6M
- -29.11%
- 1Y
- -12.57%
- 3Y*
- 10.29%
- 5Y*
- -3.63%
- 10Y*
- 11.04%
LI vs. TCEHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LI Li Auto Inc. | -24.28% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 86.00% |
TCEHY Tencent Holdings Limited | -26.90% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 2.09% |
Correlation
The correlation between LI and TCEHY is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.46 |
The correlation between LI and TCEHY shifts across timeframes, from 0.36 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LI:
$13.00B
TCEHY:
$507.36B
LI:
-CN¥1.74
TCEHY:
CN¥25.30
LI:
0.82
TCEHY:
4.53
LI:
1.26
TCEHY:
3.06
LI:
CN¥108.98B
TCEHY:
CN¥763.32B
LI:
CN¥17.42B
TCEHY:
CN¥422.60B
LI:
-CN¥2.83B
TCEHY:
CN¥324.78B
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Return for Risk
LI vs. TCEHY — Risk / Return Rank
LI
TCEHY
LI vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Li Auto Inc. (LI) 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.
| LI | TCEHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.68 | ||
| Omega ratioGain probability vs. loss probability | 0.77 | 0.95 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.85 | -0.34 | -0.51 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.70 | -0.63 |
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Drawdowns
LI vs. TCEHY - Drawdown Comparison
The maximum LI drawdown since its inception was -72.52%, roughly equal to the maximum TCEHY drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for LI and TCEHY.
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Drawdown Indicators
| LI | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.52% | -73.17% | +0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -59.69% | -36.75% | -22.94% |
Max Drawdown (3Y)Largest decline over 3 years | -72.52% | -36.75% | -35.77% |
Max Drawdown (5Y)Largest decline over 5 years | -72.52% | -65.91% | -6.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.17% | — |
Current DrawdownCurrent decline from peak | -72.52% | -36.98% | -35.54% |
Average DrawdownAverage peak-to-trough decline | -40.04% | -19.74% | -20.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.25% | 18.08% | +20.17% |
Volatility
LI vs. TCEHY - Volatility Comparison
Li Auto Inc. (LI) and Tencent Holdings Limited (TCEHY) have volatilities of 11.78% and 12.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LI | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.78% | 12.01% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 29.04% | 25.00% | +4.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.21% | 31.18% | +9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.47% | 43.26% | +20.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 68.25% | 38.85% | +29.40% |
Dividends
LI vs. TCEHY - Dividend Comparison
LI has not paid dividends to shareholders, while TCEHY's dividend yield for the trailing twelve months is around 1.22%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LI Li Auto 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 | 1.22% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
Financials
LI vs. TCEHY - Financials Comparison
This section allows you to compare key financial metrics between Li Auto 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
LI vs. TCEHY - Profitability Comparison
LI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a gross profit of 1.80B and revenue of 22.84B. Therefore, the gross margin over that period was 7.9%.
TCEHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
LI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported an operating income of -2.95B and revenue of 22.84B, resulting in an operating margin of -12.9%.
TCEHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported an operating income of 65.72B and revenue of 195.27B, resulting in an operating margin of 33.7%.
LI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a net income of -2.28B and revenue of 22.84B, resulting in a net margin of -10.0%.
TCEHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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
LI and TCEHY have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (12.01%) compared to LI (11.78%). In terms of maximum drawdown, LI dropped -72.52% vs TCEHY's -73.17%.
TCEHY currently has the higher Sharpe Ratio (-0.41 vs -1.27), 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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