TCEHY vs. IWM
TCEHY (Tencent Holdings Limited) is a stock, while IWM (iShares Russell 2000 ETF) is Small Cap Blend Equities fund tracking the Russell 2000 Index. Over the past 10 years, TCEHY returned 11.22%/yr vs 10.78%/yr for IWM. At a 0.38 correlation, their price movements are largely independent.
Performance
TCEHY vs. IWM - 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 IWM's 15.62% return. Both investments have delivered pretty close results over the past 10 years, with TCEHY having a 11.22% annualized return and IWM not far behind at 10.78%.
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%
IWM
- 1D
- 0.87%
- 1M
- -0.02%
- YTD
- 15.62%
- 6M
- 13.83%
- 1Y
- 35.52%
- 3Y*
- 16.64%
- 5Y*
- 5.48%
- 10Y*
- 10.78%
TCEHY vs. IWM - 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% |
IWM iShares Russell 2000 ETF | 15.62% | 12.66% | 11.38% | 16.83% | -20.48% | 14.54% | 20.03% | 25.39% | -11.12% | 14.58% |
Correlation
The correlation between TCEHY and IWM is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2008 | 0.38 |
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Return for Risk
TCEHY vs. IWM — Risk / Return Rank
TCEHY
IWM
TCEHY vs. IWM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and iShares Russell 2000 ETF (IWM). 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 | IWM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -3.02 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.30 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 3.24 | -3.60 |
| Martin ratioReturn relative to average drawdown | -0.78 | 11.44 | -12.22 |
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 | IWM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.43 | 1.83 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.09 | 0.24 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.47 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.36 | +0.28 |
Drawdowns
TCEHY vs. IWM - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, which is greater than IWM's maximum drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for TCEHY and IWM.
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Drawdown Indicators
| TCEHY | IWM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -59.05% | -14.12% |
Max Drawdown (1Y)Largest decline over 1 year | -36.75% | -11.03% | -25.72% |
Max Drawdown (3Y)Largest decline over 3 years | -36.75% | -27.50% | -9.25% |
Max Drawdown (5Y)Largest decline over 5 years | -66.18% | -31.91% | -34.27% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -41.13% | -32.04% |
Current DrawdownCurrent decline from peak | -35.45% | -2.71% | -32.74% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -10.76% | -8.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.95% | 3.11% | +13.84% |
Volatility
TCEHY vs. IWM - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 12.85% compared to iShares Russell 2000 ETF (IWM) at 6.52%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | IWM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.85% | 6.52% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 14.00% | +10.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.80% | 19.53% | +11.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.23% | 22.58% | +20.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 23.07% | +15.77% |
Dividends
TCEHY vs. IWM - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.19%, more than IWM's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWM iShares Russell 2000 ETF | 0.89% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
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% |
Frequently Asked Questions
TCEHY and IWM have a correlation of 0.34, 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 IWM (6.52%). In terms of maximum drawdown, TCEHY dropped -73.17% vs IWM's -59.05%.
IWM currently has the higher Sharpe Ratio (1.83 vs -0.43), 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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