PRX.AS vs. TCEHY

Last updated Aug 1, 2026

PRX.AS (Prosus N.V.) and TCEHY (Tencent Holdings Limited) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 5 years, PRX.AS returned 3.44%/yr vs 3.07%/yr for TCEHY. Their 0.65 correlation means they have sometimes moved together and sometimes differently.

Performance

PRX.AS vs. TCEHY - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Prosus N.V. (PRX.AS) and Tencent Holdings Limited (TCEHY). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

PRX.AS is traded in EUR, while TCEHY is traded in USD. To make them comparable, the TCEHY values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, PRX.AS achieves a -24.38% return, which is significantly lower than TCEHY's -17.28% return.

PRX.AS

• 1D: 0.21%
• 1M: 3.94%
• 6M: -17.53%
• YTD: -24.38%
• 1Y: -20.19%
• 3Y*: 7.10%
• 5Y*: 3.44%
• 10Y*: —
• ALL TIME*: 2.30%

TCEHY

• 1D: 1.44%
• 1M: 7.95%
• 6M: -16.38%
• YTD: -17.28%
• 1Y: -12.21%
• 3Y*: 10.25%
• 5Y*: 3.07%
• 10Y*: 11.15%
• ALL TIME*: 25.14%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PRX.AS Prosus N.V.	€118.25M	€136.74M	€139.74M
TCEHY Tencent Holdings Limited	€205.28M	€200.35M	€217.44M

PRX.AS vs. TCEHY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PRX.AS Prosus N.V.	-24.38%	38.26%	42.45%	-8.48%	-11.92%	-16.44%	33.22%	-12.47%
TCEHY Tencent Holdings Limited	-17.28%	28.00%	51.28%	-8.31%	-20.32%	-12.60%	37.72%	9.13%

Correlation

The correlation between PRX.AS and TCEHY is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (All Time) Calculated using the full available price history since Sep 11, 2019	0.65

The correlation between PRX.AS and TCEHY has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.

Return for Risk

PRX.AS vs. TCEHY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PRX.AS

PRX.AS Risk / Return Rank: 22
PRX.AS Sharpe Ratio Rank: 17
PRX.AS Sortino Ratio Rank: 17
PRX.AS Omega Ratio Rank: 18
PRX.AS Calmar Ratio Rank: 27
PRX.AS Martin Ratio Rank: 28

TCEHY

TCEHY Risk / Return Rank: 30
TCEHY Sharpe Ratio Rank: 29
TCEHY Sortino Ratio Rank: 26
TCEHY Omega Ratio Rank: 27
TCEHY Calmar Ratio Rank: 34
TCEHY Martin Ratio Rank: 35

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PRX.AS vs. TCEHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Prosus N.V. (PRX.AS) 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.

	PRX.AS	TCEHY	Difference
Sharpe ratio: Return per unit of total volatility	-0.60	-0.37	-0.23
Sortino ratio: Return per unit of downside risk	-0.71	-0.34	-0.37
Omega ratio: Gain probability vs. loss probability	0.92	0.96	-0.05
Calmar ratio: Return relative to maximum drawdown	-0.48	-0.34	-0.15
Martin ratio: Return relative to average drawdown	-0.79	-0.59	-0.21

PRX.AS vs. TCEHY - Sharpe Ratio Comparison

The current PRX.AS Sharpe Ratio is -0.60, which is lower than the TCEHY Sharpe Ratio of -0.37. The chart below compares the historical Sharpe Ratios of PRX.AS and TCEHY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PRX.AS vs. TCEHY - Drawdown Comparison

The maximum PRX.AS drawdown since its inception was -63.11%, smaller than the maximum TCEHY drawdown of -67.20%. Use the drawdown chart below to compare losses from any high point for PRX.AS and TCEHY.

Drawdown Indicators

	PRX.AS	TCEHY	Difference
Max Drawdown Largest peak-to-trough decline	-63.11%	-67.20%	+4.09%
Max Drawdown (1Y) Largest decline over 1 year	-41.38%	-36.54%	-4.84%
Max Drawdown (3Y) Largest decline over 3 years	-41.38%	-36.54%	-4.84%
Max Drawdown (5Y) Largest decline over 5 years	-49.69%	-53.24%	+3.55%
Max Drawdown (10Y) Largest decline over 10 years	—	-67.20%	—
Current Drawdown Current decline from peak	-35.73%	-27.80%	-7.93%
Average Drawdown Average peak-to-trough decline	-26.55%	-17.50%	-9.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	25.34%	20.82%	+4.52%

Volatility

PRX.AS vs. TCEHY - Volatility Comparison

The current volatility for Prosus N.V. (PRX.AS) is 12.33%, while Tencent Holdings Limited (TCEHY) has a volatility of 12.99%. This indicates that PRX.AS experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PRX.AS	TCEHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.33%	12.99%	-0.66%
Volatility (6M) Calculated over the trailing 6-month period	29.14%	26.55%	+2.59%
Volatility (1Y) Calculated over the trailing 1-year period	33.54%	33.26%	+0.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	40.17%	41.93%	-1.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	39.31%	38.42%	+0.89%

Dividends

PRX.AS vs. TCEHY - Dividend Comparison

PRX.AS's dividend yield for the trailing twelve months is around 0.50%, less than TCEHY's 1.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PRX.AS Prosus N.V.	0.50%	0.38%	0.26%	0.26%	0.47%	0.41%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%
TCEHY Tencent Holdings Limited	1.10%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%

Financials

Frequently Asked Questions

Can I hold both PRX.AS and TCEHY in my portfolio?

PRX.AS and TCEHY have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.