TCEHY vs. BIDU
TCEHY (Tencent Holdings Limited) and BIDU (Baidu, Inc.) are both stocks. Both operate in the Internet Content & Information industry within the Communication Services sector. Over the past 10 years, TCEHY returned 11.04%/yr vs -3.47%/yr for BIDU. A 0.50 correlation means they provide meaningful diversification when combined.
Performance
TCEHY vs. BIDU - Performance Comparison
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Returns By Period
In the year-to-date period, TCEHY achieves a -26.90% return, which is significantly lower than BIDU's -14.48% return. Over the past 10 years, TCEHY has outperformed BIDU with an annualized return of 11.04%, while BIDU has yielded a comparatively lower -3.47% annualized return.
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%
BIDU
- 1D
- -0.02%
- 1M
- -12.56%
- YTD
- -14.48%
- 6M
- -10.18%
- 1Y
- 33.63%
- 3Y*
- -7.08%
- 5Y*
- -9.99%
- 10Y*
- -3.47%
TCEHY vs. BIDU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | -26.90% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -23.83% | 115.30% |
BIDU Baidu, Inc. | -14.48% | 54.98% | -29.20% | 4.12% | -23.13% | -31.19% | 71.08% | -20.30% | -32.28% | 42.45% |
Correlation
The correlation between TCEHY and BIDU is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Nov 3, 2008 | 0.50 |
The correlation between TCEHY and BIDU shifts across timeframes, from 0.50 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TCEHY:
$507.36B
BIDU:
$38.61B
TCEHY:
CN¥25.30
BIDU:
CN¥3.78
TCEHY:
14.80
BIDU:
199.95
TCEHY:
1.85
BIDU:
9.08
TCEHY:
4.53
BIDU:
2.02
TCEHY:
3.06
BIDU:
0.98
TCEHY:
CN¥763.32B
BIDU:
CN¥128.51B
TCEHY:
CN¥422.60B
BIDU:
CN¥54.09B
TCEHY:
CN¥324.78B
BIDU:
CN¥23.17B
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Return for Risk
TCEHY vs. BIDU — Risk / Return Rank
TCEHY
BIDU
TCEHY vs. BIDU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and Baidu, Inc. (BIDU). 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.
| TCEHY | BIDU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.16 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.98 | -1.33 |
| Martin ratioReturn relative to average drawdown | -0.70 | 2.04 | -2.74 |
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Drawdowns
TCEHY vs. BIDU - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, smaller than the maximum BIDU drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for TCEHY and BIDU.
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Drawdown Indicators
| TCEHY | BIDU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -77.47% | +4.30% |
Max Drawdown (1Y)Largest decline over 1 year | -36.75% | -34.41% | -2.34% |
Max Drawdown (3Y)Largest decline over 3 years | -36.75% | -50.73% | +13.98% |
Max Drawdown (5Y)Largest decline over 5 years | -65.91% | -63.13% | -2.78% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -77.47% | +4.30% |
Current DrawdownCurrent decline from peak | -36.98% | -67.13% | +30.15% |
Average DrawdownAverage peak-to-trough decline | -19.74% | -35.59% | +15.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.08% | 16.52% | +1.56% |
Volatility
TCEHY vs. BIDU - Volatility Comparison
The current volatility for Tencent Holdings Limited (TCEHY) is 12.01%, while Baidu, Inc. (BIDU) has a volatility of 13.65%. This indicates that TCEHY experiences smaller price fluctuations and is considered to be less risky than BIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | BIDU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.01% | 13.65% | -1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 25.00% | 35.61% | -10.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.18% | 50.63% | -19.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.26% | 51.98% | -8.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.85% | 46.31% | -7.46% |
Dividends
TCEHY vs. BIDU - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.22%, while BIDU has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIDU Baidu, 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
TCEHY vs. BIDU - Financials Comparison
This section allows you to compare key financial metrics between Tencent Holdings Limited and Baidu, Inc.. 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
TCEHY vs. BIDU - Profitability Comparison
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%.
BIDU - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported a gross profit of 12.41B and revenue of 31.88B. Therefore, the gross margin over that period was 38.9%.
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%.
BIDU - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported an operating income of 3.17B and revenue of 31.88B, resulting in an operating 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%.
BIDU - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Baidu, Inc. reported a net income of 3.42B and revenue of 31.88B, resulting in a net margin of 10.7%.
Frequently Asked Questions
TCEHY and BIDU have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIDU has higher volatility (13.65%) compared to TCEHY (12.01%). In terms of maximum drawdown, TCEHY dropped -73.17% vs BIDU's -77.47%.
BIDU currently has the higher Sharpe Ratio (0.67 vs -0.41), 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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