TCEHY vs. NIO

Last updated Apr 1, 2026

Compare and contrast key facts about Tencent Holdings Limited (TCEHY) and NIO Inc. (NIO).

Performance

TCEHY vs. NIO - Performance Comparison

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

TCEHY vs. NIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
TCEHY Tencent Holdings Limited	-17.41%	45.23%	41.92%	-5.48%	-24.97%	-18.69%	50.09%	21.93%	-0.90%
NIO NIO Inc.	18.24%	16.97%	-51.93%	-6.97%	-69.22%	-35.00%	1,112.44%	-36.89%	-3.48%

Fundamentals

Market Cap TCEHY : $586.89B NIO : $15.14B
EPS TCEHY : $24.17 NIO : -$6.45
PS Ratio TCEHY : 0.78 NIO : 0.17
PB Ratio TCEHY : 0.51 NIO : 3.64
Total Revenue (TTM) TCEHY : $748.08B NIO : $87.01B
Gross Profit (TTM) TCEHY : $416.51B NIO : $11.83B
EBITDA (TTM) TCEHY : $308.68B NIO : -$13.94B

Returns By Period

In the year-to-date period, TCEHY achieves a -17.41% return, which is significantly lower than NIO's 18.24% return.

TCEHY

• 1D: 3.59%
• 1M: -3.77%
• YTD: -17.41%
• 6M: -25.75%
• 1Y: -0.09%
• 3Y*: 9.83%
• 5Y*: -3.39%
• 10Y*: 13.31%

NIO

• 1D: 9.44%
• 1M: 23.82%
• YTD: 18.24%
• 6M: -20.87%
• 1Y: 58.27%
• 3Y*: -16.91%
• 5Y*: -31.39%
• 10Y*: —

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

Return for Risk

TCEHY vs. NIO — Risk / Return Rank

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

TCEHY

TCEHY Risk / Return Rank: 39
TCEHY Sharpe Ratio Rank: 42
TCEHY Sortino Ratio Rank: 36
TCEHY Omega Ratio Rank: 36
TCEHY Calmar Ratio Rank: 41
TCEHY Martin Ratio Rank: 39

NIO

NIO Risk / Return Rank: 70
NIO Sharpe Ratio Rank: 74
NIO Sortino Ratio Rank: 73
NIO Omega Ratio Rank: 66
NIO Calmar Ratio Rank: 70
NIO Martin Ratio Rank: 66

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. NIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and NIO Inc. (NIO). 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	NIO	Difference
Sharpe ratio Return per unit of total volatility	-0.00	0.94	-0.94
Sortino ratio Return per unit of downside risk	0.23	1.70	-1.47
Omega ratio Gain probability vs. loss probability	1.03	1.19	-0.16
Calmar ratio Return relative to maximum drawdown	-0.06	1.39	-1.46
Martin ratio Return relative to average drawdown	-0.18	2.62	-2.80
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. NIO - Sharpe Ratio Comparison

The current TCEHY Sharpe Ratio is -0.00, which is lower than the NIO Sharpe Ratio of 0.94. The chart below compares the historical Sharpe Ratios of TCEHY and NIO, 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	NIO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.00	0.94	-0.94
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	-0.44	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	-0.01	+0.68

Correlation

The correlation between TCEHY and NIO is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TCEHY vs. NIO - Dividend Comparison

TCEHY's dividend yield for the trailing twelve months is around 0.92%, while NIO has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TCEHY Tencent Holdings Limited	0.92%	0.76%	0.82%	6.67%	4.15%	0.35%	0.19%	0.23%	0.26%	0.29%	0.51%	0.21%
NIO NIO 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%

Drawdowns

TCEHY vs. NIO - Drawdown Comparison

The maximum TCEHY drawdown since its inception was -73.17%, smaller than the maximum NIO drawdown of -95.00%. Use the drawdown chart below to compare losses from any high point for TCEHY and NIO.

Drawdown Indicators

	TCEHY	NIO	Difference
Max Drawdown Largest peak-to-trough decline	-73.17%	-95.00%	+21.83%
Max Drawdown (1Y) Largest decline over 1 year	-30.12%	-43.73%	+13.61%
Max Drawdown (5Y) Largest decline over 5 years	-68.59%	-94.10%	+25.51%
Max Drawdown (10Y) Largest decline over 10 years	-73.17%	—	—
Current Drawdown Current decline from peak	-28.80%	-90.40%	+61.60%
Average Drawdown Average peak-to-trough decline	-19.54%	-67.33%	+47.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.01%	23.22%	-12.21%

Volatility

TCEHY vs. NIO - Volatility Comparison

The current volatility for Tencent Holdings Limited (TCEHY) is 15.10%, while NIO Inc. (NIO) has a volatility of 23.92%. This indicates that TCEHY experiences smaller price fluctuations and is considered to be less risky than NIO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TCEHY	NIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.10%	23.92%	-8.82%
Volatility (6M) Calculated over the trailing 6-month period	22.50%	40.46%	-17.96%
Volatility (1Y) Calculated over the trailing 1-year period	31.79%	62.25%	-30.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.24%	71.67%	-28.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.71%	87.26%	-48.55%

Financials

TCEHY vs. NIO - Profitability Comparison

The chart below illustrates the profitability comparison between Tencent Holdings Limited and NIO 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%.

NIO - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a gross profit of 5.99B and revenue of 34.17B. Therefore, the gross margin over that period was 17.5%.

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%.

NIO - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported an operating income of 503.67M and revenue of 34.17B, resulting in an operating margin of 1.5%.

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%.

NIO - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NIO Inc. reported a net income of 280.15M and revenue of 34.17B, resulting in a net margin of 0.8%.