TCEHY vs. DIS
TCEHY (Tencent Holdings Limited) and DIS (The Walt Disney Company) are both stocks. Both are in the Communication Services sector — TCEHY in Internet Content & Information, DIS in Entertainment. Over the past 10 years, TCEHY returned 11.22%/yr vs 0.98%/yr for DIS. At a 0.28 correlation, their price movements are largely independent.
Performance
TCEHY vs. DIS - Performance Comparison
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Returns By Period
In the year-to-date period, TCEHY achieves a -25.13% return, which is significantly lower than DIS's -13.10% return. Over the past 10 years, TCEHY has outperformed DIS with an annualized return of 11.22%, while DIS has yielded a comparatively lower 0.98% annualized return.
TCEHY
- 1D
- -0.53%
- 1M
- -4.19%
- YTD
- -25.13%
- 6M
- -26.31%
- 1Y
- -13.19%
- 3Y*
- 11.01%
- 5Y*
- -3.77%
- 10Y*
- 11.22%
DIS
- 1D
- -0.84%
- 1M
- -8.47%
- YTD
- -13.10%
- 6M
- -7.52%
- 1Y
- -12.24%
- 3Y*
- 3.25%
- 5Y*
- -10.48%
- 10Y*
- 0.98%
TCEHY vs. DIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | -25.13% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -23.83% | 115.30% |
DIS The Walt Disney Company | -13.10% | 3.30% | 24.44% | 4.26% | -43.91% | -14.51% | 25.27% | 33.51% | 3.61% | 4.76% |
Correlation
The correlation between TCEHY and DIS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2008 | 0.28 |
The correlation between TCEHY and DIS shifts across timeframes, from 0.16 (1 year) to 0.28 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TCEHY:
$519.65B
DIS:
$175.20B
TCEHY:
$25.30
DIS:
$6.25
TCEHY:
2.24
DIS:
15.81
TCEHY:
0.28
DIS:
0.21
TCEHY:
0.69
DIS:
1.82
TCEHY:
0.46
DIS:
1.61
TCEHY:
$763.32B
DIS:
$97.26B
TCEHY:
$422.60B
DIS:
$36.14B
TCEHY:
$324.78B
DIS:
$20.74B
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Return for Risk
TCEHY vs. DIS — Risk / Return Rank
TCEHY
DIS
TCEHY vs. DIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and The Walt Disney Company (DIS). 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.
| TCEHY | DIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.09 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.93 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | -0.49 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.78 | -1.00 | +0.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCEHY | DIS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | -0.51 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | -0.36 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.03 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.34 | +0.30 |
Drawdowns
TCEHY vs. DIS - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, smaller than the maximum DIS drawdown of -85.66%. Use the drawdown chart below to compare losses from any high point for TCEHY and DIS.
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Drawdown Indicators
| TCEHY | DIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -85.66% | +12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -36.75% | -24.97% | -11.78% |
Max Drawdown (3Y)Largest decline over 3 years | -36.75% | -32.86% | -3.89% |
Max Drawdown (5Y)Largest decline over 5 years | -66.18% | -57.33% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -60.72% | -12.45% |
Current DrawdownCurrent decline from peak | -35.45% | -49.88% | +14.43% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -26.77% | +7.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.95% | 12.23% | +4.72% |
Volatility
TCEHY vs. DIS - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 12.85% compared to The Walt Disney Company (DIS) at 6.12%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than DIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | DIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.85% | 6.12% | +6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 19.37% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.80% | 24.33% | +6.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.23% | 29.33% | +13.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 28.77% | +10.07% |
Dividends
TCEHY vs. DIS - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.19%, less than DIS's 1.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DIS The Walt Disney Company | 1.26% | 1.10% | 0.85% | 0.33% | 0.00% | 0.00% | 0.00% | 1.22% | 1.57% | 1.51% | 1.43% | 1.30% |
TCEHY Tencent Holdings Limited | 1.19% | 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. DIS - Financials Comparison
This section allows you to compare key financial metrics between Tencent Holdings Limited and The Walt Disney Company. 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. DIS - 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%.
DIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported a gross profit of 9.27B and revenue of 25.17B. Therefore, the gross margin over that period was 36.8%.
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%.
DIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported an operating income of 4.96B and revenue of 25.17B, resulting in an operating margin of 19.7%.
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%.
DIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, The Walt Disney Company reported a net income of 2.25B and revenue of 25.17B, resulting in a net margin of 8.9%.
Frequently Asked Questions
TCEHY and DIS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (12.85%) compared to DIS (6.12%). In terms of maximum drawdown, TCEHY dropped -73.17% vs DIS's -85.66%.
TCEHY currently has the higher Sharpe Ratio (-0.43 vs -0.51), 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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