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TCEHY vs. SPY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between TCEHY and SPY 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.


-0.50.00.51.0
Correlation: 0.4

Performance

TCEHY vs. SPY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tencent Holdings Limited (TCEHY) and SPDR S&P 500 ETF (SPY). The values are adjusted to include any dividend payments, if applicable.

400.00%600.00%800.00%1,000.00%1,200.00%1,400.00%1,600.00%NovemberDecember2025FebruaryMarchApril
1,467.50%
535.72%
TCEHY
SPY

Key characteristics

Sharpe Ratio

TCEHY:

1.33

SPY:

0.54

Sortino Ratio

TCEHY:

1.93

SPY:

0.89

Omega Ratio

TCEHY:

1.25

SPY:

1.13

Calmar Ratio

TCEHY:

0.96

SPY:

0.58

Martin Ratio

TCEHY:

4.53

SPY:

2.39

Ulcer Index

TCEHY:

11.18%

SPY:

4.51%

Daily Std Dev

TCEHY:

37.97%

SPY:

20.07%

Max Drawdown

TCEHY:

-73.15%

SPY:

-55.19%

Current Drawdown

TCEHY:

-31.49%

SPY:

-10.54%

Returns By Period

In the year-to-date period, TCEHY achieves a 15.17% return, which is significantly higher than SPY's -6.44% return. Over the past 10 years, TCEHY has outperformed SPY with an annualized return of 12.68%, while SPY has yielded a comparatively lower 11.95% annualized return.


TCEHY

YTD

15.17%

1M

-5.52%

6M

12.99%

1Y

40.86%

5Y*

5.21%

10Y*

12.68%

SPY

YTD

-6.44%

1M

-5.00%

6M

-5.02%

1Y

9.54%

5Y*

15.80%

10Y*

11.95%

*Annualized

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Risk-Adjusted Performance

TCEHY vs. SPY — Risk-Adjusted Performance Rank

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

TCEHY
The Risk-Adjusted Performance Rank of TCEHY is 8686
Overall Rank
The Sharpe Ratio Rank of TCEHY is 9090
Sharpe Ratio Rank
The Sortino Ratio Rank of TCEHY is 8585
Sortino Ratio Rank
The Omega Ratio Rank of TCEHY is 8484
Omega Ratio Rank
The Calmar Ratio Rank of TCEHY is 8484
Calmar Ratio Rank
The Martin Ratio Rank of TCEHY is 8686
Martin Ratio Rank

SPY
The Risk-Adjusted Performance Rank of SPY is 6565
Overall Rank
The Sharpe Ratio Rank of SPY is 6262
Sharpe Ratio Rank
The Sortino Ratio Rank of SPY is 6464
Sortino Ratio Rank
The Omega Ratio Rank of SPY is 6565
Omega Ratio Rank
The Calmar Ratio Rank of SPY is 6969
Calmar Ratio Rank
The Martin Ratio Rank of SPY is 6767
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

TCEHY vs. SPY - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and SPDR S&P 500 ETF (SPY). 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.


The chart of Sharpe ratio for TCEHY, currently valued at 1.33, compared to the broader market-2.00-1.000.001.002.003.00
TCEHY: 1.33
SPY: 0.54
The chart of Sortino ratio for TCEHY, currently valued at 1.93, compared to the broader market-6.00-4.00-2.000.002.004.00
TCEHY: 1.93
SPY: 0.89
The chart of Omega ratio for TCEHY, currently valued at 1.25, compared to the broader market0.501.001.502.00
TCEHY: 1.25
SPY: 1.13
The chart of Calmar ratio for TCEHY, currently valued at 0.96, compared to the broader market0.001.002.003.004.005.00
TCEHY: 0.96
SPY: 0.58
The chart of Martin ratio for TCEHY, currently valued at 4.53, compared to the broader market-10.00-5.000.005.0010.0015.0020.00
TCEHY: 4.53
SPY: 2.39

The current TCEHY Sharpe Ratio is 1.33, which is higher than the SPY Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of TCEHY and SPY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
1.33
0.54
TCEHY
SPY

Dividends

TCEHY vs. SPY - Dividend Comparison

TCEHY's dividend yield for the trailing twelve months is around 0.71%, less than SPY's 1.31% yield.


TTM20242023202220212020201920182017201620152014
TCEHY
Tencent Holdings Limited
0.71%0.82%6.80%4.27%0.35%0.22%0.26%0.29%0.15%0.25%0.23%0.04%
SPY
SPDR S&P 500 ETF
1.31%1.21%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%

Drawdowns

TCEHY vs. SPY - Drawdown Comparison

The maximum TCEHY drawdown since its inception was -73.15%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TCEHY and SPY. For additional features, visit the drawdowns tool.


-50.00%-40.00%-30.00%-20.00%-10.00%0.00%NovemberDecember2025FebruaryMarchApril
-31.49%
-10.54%
TCEHY
SPY

Volatility

TCEHY vs. SPY - Volatility Comparison

The current volatility for Tencent Holdings Limited (TCEHY) is 13.94%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.13%. This indicates that TCEHY experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%NovemberDecember2025FebruaryMarchApril
13.94%
15.13%
TCEHY
SPY