TCEHY vs. MO

Last updated Apr 2, 2026

Compare and contrast key facts about Tencent Holdings Limited (TCEHY) and Altria Group, Inc. (MO).

Performance

TCEHY vs. MO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tencent Holdings Limited (TCEHY) and Altria Group, Inc. (MO). The values are adjusted to include any dividend payments, if applicable.

TCEHY vs. MO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TCEHY Tencent Holdings Limited	-17.05%	45.23%	41.92%	-5.48%	-24.97%	-18.69%	50.09%	21.93%	-23.83%	115.30%
MO Altria Group, Inc.	15.47%	18.17%	40.76%	-3.70%	4.37%	24.18%	-10.21%	7.87%	-27.14%	9.45%

Fundamentals

Market Cap TCEHY : $589.49B MO : $109.81B
EPS TCEHY : $24.17 MO : $4.13
PE Ratio TCEHY : 2.63 MO : 15.85
PEG Ratio TCEHY : 0.33 MO : 0.34
PS Ratio TCEHY : 0.79 MO : 5.27
Total Revenue (TTM) TCEHY : $748.08B MO : $20.91B
Gross Profit (TTM) TCEHY : $416.51B MO : $14.54B
EBITDA (TTM) TCEHY : $308.68B MO : $10.70B

Returns By Period

In the year-to-date period, TCEHY achieves a -17.05% return, which is significantly lower than MO's 15.47% return. Over the past 10 years, TCEHY has outperformed MO with an annualized return of 13.36%, while MO has yielded a comparatively lower 7.39% annualized return.

TCEHY

• 1D: 0.44%
• 1M: -3.13%
• YTD: -17.05%
• 6M: -25.96%
• 1Y: -0.79%
• 3Y*: 9.99%
• 5Y*: -3.30%
• 10Y*: 13.36%

MO

• 1D: -0.77%
• 1M: -3.08%
• YTD: 15.47%
• 6M: 2.27%
• 1Y: 19.22%
• 3Y*: 22.88%
• 5Y*: 13.63%
• 10Y*: 7.39%

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

Return for Risk

TCEHY vs. MO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TCEHY

TCEHY Risk / Return Rank: 37
TCEHY Sharpe Ratio Rank: 38
TCEHY Sortino Ratio Rank: 33
TCEHY Omega Ratio Rank: 33
TCEHY Calmar Ratio Rank: 41
TCEHY Martin Ratio Rank: 40

MO

MO Risk / Return Rank: 65
MO Sharpe Ratio Rank: 71
MO Sortino Ratio Rank: 62
MO Omega Ratio Rank: 63
MO Calmar Ratio Rank: 63
MO Martin Ratio Rank: 65

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TCEHY vs. MO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and Altria Group, Inc. (MO). 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	MO	Difference
Sharpe ratio Return per unit of total volatility	-0.03	0.92	-0.94
Sortino ratio Return per unit of downside risk	0.20	1.29	-1.10
Omega ratio Gain probability vs. loss probability	1.02	1.18	-0.16
Calmar ratio Return relative to maximum drawdown	0.01	1.02	-1.01
Martin ratio Return relative to average drawdown	0.03	2.64	-2.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TCEHY vs. MO - Sharpe Ratio Comparison

The current TCEHY Sharpe Ratio is -0.03, which is lower than the MO Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of TCEHY and MO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TCEHY	MO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.03	0.92	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.67	-0.75
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.33	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.56	+0.11

Correlation

The correlation between TCEHY and MO is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TCEHY vs. MO - Dividend Comparison

TCEHY's dividend yield for the trailing twelve months is around 0.91%, less than MO's 6.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TCEHY Tencent Holdings Limited	0.91%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%
MO Altria Group, Inc.	6.41%	7.21%	7.65%	9.52%	8.05%	7.43%	8.29%	6.57%	6.07%	3.56%	3.48%	3.73%

Drawdowns

TCEHY vs. MO - Drawdown Comparison

The maximum TCEHY drawdown since its inception was -73.17%, smaller than the maximum MO drawdown of -81.02%. Use the drawdown chart below to compare losses from any high point for TCEHY and MO.

Drawdown Indicators

	TCEHY	MO	Difference
Max Drawdown Largest peak-to-trough decline	-73.17%	-81.02%	+7.85%
Max Drawdown (1Y) Largest decline over 1 year	-30.12%	-16.40%	-13.72%
Max Drawdown (5Y) Largest decline over 5 years	-68.59%	-25.83%	-42.76%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	-53.69%	-19.48%
Current Drawdown Current decline from peak	-28.48%	-4.48%	-24.00%
Average Drawdown Average peak-to-trough decline	-19.54%	-17.45%	-2.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.14%	6.36%	+4.78%

Volatility

TCEHY vs. MO - Volatility Comparison

Tencent Holdings Limited (TCEHY) has a higher volatility of 15.02% compared to Altria Group, Inc. (MO) at 5.99%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than MO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCEHY	MO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.02%	5.99%	+9.03%
Volatility (6M) Calculated over the trailing 6-month period	22.50%	16.65%	+5.85%
Volatility (1Y) Calculated over the trailing 1-year period	31.74%	21.12%	+10.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.18%	20.46%	+22.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.70%	22.72%	+15.98%

Financials

TCEHY vs. MO - Profitability Comparison

The chart below illustrates the profitability comparison between Tencent Holdings Limited and Altria Group, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TCEHY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a gross profit of 106.79B and revenue of 191.69B. Therefore, the gross margin over that period was 55.7%.

MO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a gross profit of 3.63B and revenue of 5.85B. Therefore, the gross margin over that period was 62.1%.

TCEHY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported an operating income of 58.21B and revenue of 191.69B, resulting in an operating margin of 30.4%.

MO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported an operating income of 1.65B and revenue of 5.85B, resulting in an operating margin of 28.2%.

TCEHY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a net income of 57.46B and revenue of 191.69B, resulting in a net margin of 30.0%.

MO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Altria Group, Inc. reported a net income of 1.12B and revenue of 5.85B, resulting in a net margin of 19.1%.