TCEHY vs. NTES
Compare and contrast key facts about Tencent Holdings Limited (TCEHY) and NetEase, Inc. (NTES).
Performance
TCEHY vs. NTES - Performance Comparison
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TCEHY vs. NTES - 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% |
NTES NetEase, Inc. | -17.32% | 58.28% | -1.73% | 30.59% | -27.35% | 7.11% | 57.88% | 34.66% | -31.31% | 62.21% |
Fundamentals
TCEHY:
$589.49B
NTES:
$72.73B
TCEHY:
$24.17
NTES:
$52.26
TCEHY:
2.63
NTES:
2.16
TCEHY:
0.33
NTES:
0.10
TCEHY:
0.79
NTES:
0.65
TCEHY:
0.51
NTES:
0.45
TCEHY:
$748.08B
NTES:
$112.25B
TCEHY:
$416.51B
NTES:
$72.16B
TCEHY:
$308.68B
NTES:
$37.96B
Returns By Period
The year-to-date returns for both stocks are quite close, with TCEHY having a -17.05% return and NTES slightly lower at -17.32%. Over the past 10 years, TCEHY has underperformed NTES with an annualized return of 13.36%, while NTES has yielded a comparatively higher 16.77% 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%
NTES
- 1D
- 0.64%
- 1M
- -1.22%
- YTD
- -17.32%
- 6M
- -23.84%
- 1Y
- 8.47%
- 3Y*
- 11.19%
- 5Y*
- 3.25%
- 10Y*
- 16.77%
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Return for Risk
TCEHY vs. NTES — Risk / Return Rank
TCEHY
NTES
TCEHY vs. NTES - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and NetEase, Inc. (NTES). 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 | NTES | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.03 | 0.25 | -0.28 |
Sortino ratioReturn per unit of downside risk | 0.20 | 0.64 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.08 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.01 | 0.40 | -0.39 |
Martin ratioReturn relative to average drawdown | 0.03 | 0.93 | -0.89 |
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 | NTES | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.03 | 0.25 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | 0.07 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.40 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.42 | +0.24 |
Correlation
The correlation between TCEHY and NTES is 0.46, 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. NTES - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 0.91%, less than NTES's 2.64% 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% |
NTES NetEase, Inc. | 2.64% | 2.21% | 2.74% | 1.88% | 2.10% | 0.80% | 0.97% | 3.19% | 0.71% | 1.05% | 1.36% | 0.98% |
Drawdowns
TCEHY vs. NTES - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, smaller than the maximum NTES drawdown of -96.41%. Use the drawdown chart below to compare losses from any high point for TCEHY and NTES.
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Drawdown Indicators
| TCEHY | NTES | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -96.41% | +23.24% |
Max Drawdown (1Y)Largest decline over 1 year | -30.12% | -30.46% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -68.59% | -52.57% | -16.02% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -57.34% | -15.83% |
Current DrawdownCurrent decline from peak | -28.48% | -28.30% | -0.18% |
Average DrawdownAverage peak-to-trough decline | -19.54% | -24.58% | +5.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.14% | 13.07% | -1.93% |
Volatility
TCEHY vs. NTES - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 15.02% compared to NetEase, Inc. (NTES) at 7.64%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than NTES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | NTES | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.02% | 7.64% | +7.38% |
Volatility (6M)Calculated over the trailing 6-month period | 22.50% | 21.24% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.74% | 33.72% | -1.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.18% | 43.83% | -0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.70% | 41.90% | -3.20% |
Financials
TCEHY vs. NTES - Financials Comparison
This section allows you to compare key financial metrics between Tencent Holdings Limited and NetEase, 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. NTES - Profitability Comparison
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%.
NTES - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a gross profit of 17.45B and revenue of 27.17B. Therefore, the gross margin over that period was 64.2%.
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%.
NTES - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported an operating income of 8.20B and revenue of 27.17B, resulting in an operating margin of 30.2%.
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%.
NTES - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, NetEase, Inc. reported a net income of 6.16B and revenue of 27.17B, resulting in a net margin of 22.7%.