NIO vs. TCEHY

Last updated Apr 2, 2026

Compare and contrast key facts about NIO Inc. (NIO) and Tencent Holdings Limited (TCEHY).

Performance

NIO vs. TCEHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in NIO Inc. (NIO) and Tencent Holdings Limited (TCEHY). The values are adjusted to include any dividend payments, if applicable.

NIO vs. TCEHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
NIO NIO Inc.	21.57%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	-3.48%
TCEHY Tencent Holdings Limited	-17.05%	45.23%	41.92%	-5.48%	-24.97%	-18.69%	50.09%	21.93%	-0.90%

Fundamentals

Market Cap NIO : $15.57B TCEHY : $589.49B
EPS NIO : -$6.45 TCEHY : $24.17
PS Ratio NIO : 0.17 TCEHY : 0.79
PB Ratio NIO : 3.74 TCEHY : 0.51
Total Revenue (TTM) NIO : $87.01B TCEHY : $748.08B
Gross Profit (TTM) NIO : $11.83B TCEHY : $416.51B
EBITDA (TTM) NIO : -$13.94B TCEHY : $308.68B

Returns By Period

In the year-to-date period, NIO achieves a 21.57% return, which is significantly higher than TCEHY's -17.05% return.

NIO

• 1D: 2.82%
• 1M: 31.36%
• YTD: 21.57%
• 6M: -18.95%
• 1Y: 60.21%
• 3Y*: -16.13%
• 5Y*: -31.01%
• 10Y*: —

TCEHY

• 1D: 0.44%
• 1M: -3.13%
• YTD: -17.05%
• 6M: -25.96%
• 1Y: -0.79%
• 3Y*: 9.99%
• 5Y*: -3.30%
• 10Y*: 13.36%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

NIO vs. TCEHY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NIO

NIO Risk / Return Rank: 69
NIO Sharpe Ratio Rank: 73
NIO Sortino Ratio Rank: 72
NIO Omega Ratio Rank: 65
NIO Calmar Ratio Rank: 69
NIO Martin Ratio Rank: 65

TCEHY

TCEHY Risk / Return Rank: 37
TCEHY Sharpe Ratio Rank: 38
TCEHY Sortino Ratio Rank: 33
TCEHY Omega Ratio Rank: 33
TCEHY Calmar Ratio Rank: 41
TCEHY Martin Ratio Rank: 40

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NIO vs. TCEHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for NIO Inc. (NIO) 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.

	NIO	TCEHY	Difference
Sharpe ratio Return per unit of total volatility	0.97	-0.03	+1.00
Sortino ratio Return per unit of downside risk	1.73	0.20	+1.54
Omega ratio Gain probability vs. loss probability	1.19	1.02	+0.17
Calmar ratio Return relative to maximum drawdown	1.43	0.01	+1.42
Martin ratio Return relative to average drawdown	2.70	0.03	+2.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NIO vs. TCEHY - Sharpe Ratio Comparison

The current NIO Sharpe Ratio is 0.97, which is higher than the TCEHY Sharpe Ratio of -0.03. The chart below compares the historical Sharpe Ratios of NIO and TCEHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NIO	TCEHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	-0.03	+1.00
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.43	-0.08	-0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.01	0.67	-0.68

Correlation

The correlation between NIO and TCEHY is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

NIO vs. TCEHY - Dividend Comparison

NIO has not paid dividends to shareholders, while TCEHY's dividend yield for the trailing twelve months is around 0.91%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NIO NIO 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	0.91%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%

Drawdowns

NIO vs. TCEHY - Drawdown Comparison

The maximum NIO drawdown since its inception was -95.00%, which is greater than TCEHY's maximum drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for NIO and TCEHY.

Drawdown Indicators

	NIO	TCEHY	Difference
Max Drawdown Largest peak-to-trough decline	-95.00%	-73.17%	-21.83%
Max Drawdown (1Y) Largest decline over 1 year	-43.73%	-30.12%	-13.61%
Max Drawdown (5Y) Largest decline over 5 years	-94.10%	-68.59%	-25.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-73.17%	—
Current Drawdown Current decline from peak	-90.13%	-28.48%	-61.65%
Average Drawdown Average peak-to-trough decline	-67.34%	-19.54%	-47.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.26%	11.14%	+12.12%

Volatility

NIO vs. TCEHY - Volatility Comparison

NIO Inc. (NIO) has a higher volatility of 23.59% compared to Tencent Holdings Limited (TCEHY) at 15.02%. This indicates that NIO's price experiences larger fluctuations and is considered to be riskier than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NIO	TCEHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.59%	15.02%	+8.57%
Volatility (6M) Calculated over the trailing 6-month period	40.16%	22.50%	+17.66%
Volatility (1Y) Calculated over the trailing 1-year period	62.29%	31.74%	+30.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	71.68%	43.18%	+28.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	87.25%	38.70%	+48.55%

Financials

NIO vs. TCEHY - Profitability Comparison

The chart below illustrates the profitability comparison between NIO Inc. and Tencent Holdings Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a gross profit of 5.99B and revenue of 34.17B. Therefore, the gross margin over that period was 17.5%.

TCEHY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a gross profit of 106.79B and revenue of 191.69B. Therefore, the gross margin over that period was 55.7%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported an operating income of 503.67M and revenue of 34.17B, resulting in an operating margin of 1.5%.

TCEHY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported an operating income of 58.21B and revenue of 191.69B, resulting in an operating margin of 30.4%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a net income of 280.15M and revenue of 34.17B, resulting in a net margin of 0.8%.

TCEHY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a net income of 57.46B and revenue of 191.69B, resulting in a net margin of 30.0%.