OPRA vs. TME
OPRA (Opera Limited) and TME (Tencent Music Entertainment Group) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 5 years, OPRA returned 19.43%/yr vs -6.27%/yr for TME. At a 0.26 correlation, their price movements are largely independent.
Performance
OPRA vs. TME - Performance Comparison
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Returns By Period
In the year-to-date period, OPRA achieves a 42.17% return, which is significantly higher than TME's -47.99% return.
OPRA
- 1D
- -0.52%
- 1M
- 10.19%
- 6M
- 45.48%
- YTD
- 42.17%
- 1Y
- 9.17%
- 3Y*
- -4.32%
- 5Y*
- 19.43%
- 10Y*
- —
TME
- 1D
- 0.34%
- 1M
- -4.10%
- 6M
- -47.45%
- YTD
- -47.99%
- 1Y
- -53.93%
- 3Y*
- 7.36%
- 5Y*
- -6.27%
- 10Y*
- —
OPRA vs. TME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
OPRA Opera Limited | 42.17% | -22.08% | 52.02% | 140.60% | -10.91% | -22.67% | -1.30% | 66.37% | -1.59% |
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 OPRA and TME is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.26 |
Fundamentals
OPRA:
$1.72B
TME:
$13.65B
OPRA:
$1.26
TME:
CN¥5.49
OPRA:
15.23
TME:
10.98
OPRA:
0.06
TME:
0.27
OPRA:
2.70
TME:
2.89
OPRA:
1.77
TME:
1.27
OPRA:
$647.66M
TME:
CN¥32.50B
OPRA:
$378.92M
TME:
CN¥18.52B
OPRA:
$154.47M
TME:
CN¥13.20B
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Return for Risk
OPRA vs. TME — Risk / Return Rank
OPRA
TME
OPRA vs. TME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Opera Limited (OPRA) 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.
| OPRA | TME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +2.21 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 0.75 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | -0.80 | +0.85 |
| Martin ratioReturn relative to average drawdown | 0.09 | -1.29 | +1.38 |
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Drawdowns
OPRA vs. TME - Drawdown Comparison
The maximum OPRA drawdown since its inception was -72.85%, smaller than the maximum TME drawdown of -90.19%. Use the drawdown chart below to compare losses from any high point for OPRA and TME.
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Drawdown Indicators
| OPRA | TME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.85% | -90.19% | +17.34% |
Max Drawdown (1Y)Largest decline over 1 year | -41.28% | -68.21% | +26.93% |
Max Drawdown (3Y)Largest decline over 3 years | -61.68% | -68.21% | +6.53% |
Max Drawdown (5Y)Largest decline over 5 years | -61.97% | -76.04% | +14.07% |
Current DrawdownCurrent decline from peak | -19.94% | -70.69% | +50.75% |
Average DrawdownAverage peak-to-trough decline | -40.90% | -52.20% | +11.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.37% | 42.35% | -18.98% |
Volatility
OPRA vs. TME - Volatility Comparison
Opera Limited (OPRA) has a higher volatility of 10.70% compared to Tencent Music Entertainment Group (TME) at 9.14%. This indicates that OPRA'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
| OPRA | TME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.70% | 9.14% | +1.56% |
Volatility (6M)Calculated over the trailing 6-month period | 39.68% | 40.96% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.04% | 46.98% | +5.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.50% | 59.91% | +0.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 64.11% | 56.46% | +7.65% |
Dividends
OPRA vs. TME - Dividend Comparison
OPRA's dividend yield for the trailing twelve months is around 4.17%, more than TME's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
OPRA Opera Limited | 4.17% | 5.65% | 4.22% | 8.92% |
TME Tencent Music Entertainment Group | 2.70% | 1.03% | 1.21% | 0.00% |
Financials
OPRA vs. TME - Financials Comparison
This section allows you to compare key financial metrics between Opera Limited 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
OPRA vs. TME - Profitability Comparison
OPRA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Opera Limited reported a gross profit of 111.02M and revenue of 175.77M. Therefore, the gross margin over that period was 63.2%.
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%.
OPRA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Opera Limited reported an operating income of 30.43M and revenue of 175.77M, resulting in an operating margin of 17.3%.
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%.
OPRA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Opera Limited reported a net income of 24.79M and revenue of 175.77M, resulting in a net margin of 14.1%.
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
OPRA and TME have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPRA has higher volatility (10.70%) compared to TME (9.14%). In terms of maximum drawdown, OPRA dropped -72.85% vs TME's -90.19%.
OPRA currently has the higher Sharpe Ratio (0.04 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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