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

Key characteristics


TCEHYSPY
YTD Return26.49%11.03%
1Y Return20.89%27.02%
3Y Return (Ann)-13.17%9.42%
5Y Return (Ann)4.35%15.72%
10Y Return (Ann)14.01%12.59%
Sharpe Ratio0.482.39
Daily Std Dev33.37%11.34%
Max Drawdown-85.47%-55.19%
Current Drawdown-48.03%-0.99%

Correlation

-0.50.00.51.00.4

The correlation between TCEHY and SPY is 0.43, 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.

Performance

TCEHY vs. SPY - Performance Comparison

In the year-to-date period, TCEHY achieves a 26.49% return, which is significantly higher than SPY's 11.03% return. Over the past 10 years, TCEHY has outperformed SPY with an annualized return of 14.01%, while SPY has yielded a comparatively lower 12.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


450.00%500.00%550.00%600.00%650.00%700.00%December2024FebruaryMarchAprilMay
635.05%
629.11%
TCEHY
SPY

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Tencent Holdings Limited

SPDR S&P 500 ETF

Risk-Adjusted Performance

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.


TCEHY
Sharpe ratio
The chart of Sharpe ratio for TCEHY, currently valued at 0.48, compared to the broader market-2.00-1.000.001.002.003.004.000.48
Sortino ratio
The chart of Sortino ratio for TCEHY, currently valued at 0.93, compared to the broader market-4.00-2.000.002.004.006.000.93
Omega ratio
The chart of Omega ratio for TCEHY, currently valued at 1.11, compared to the broader market0.501.001.502.001.11
Calmar ratio
The chart of Calmar ratio for TCEHY, currently valued at 0.25, compared to the broader market0.002.004.006.000.25
Martin ratio
The chart of Martin ratio for TCEHY, currently valued at 1.11, compared to the broader market0.0010.0020.0030.001.11
SPY
Sharpe ratio
The chart of Sharpe ratio for SPY, currently valued at 2.39, compared to the broader market-2.00-1.000.001.002.003.004.002.39
Sortino ratio
The chart of Sortino ratio for SPY, currently valued at 3.38, compared to the broader market-4.00-2.000.002.004.006.003.38
Omega ratio
The chart of Omega ratio for SPY, currently valued at 1.42, compared to the broader market0.501.001.502.001.42
Calmar ratio
The chart of Calmar ratio for SPY, currently valued at 2.32, compared to the broader market0.002.004.006.002.32
Martin ratio
The chart of Martin ratio for SPY, currently valued at 9.36, compared to the broader market0.0010.0020.0030.009.36

TCEHY vs. SPY - Sharpe Ratio Comparison

The current TCEHY Sharpe Ratio is 0.48, which is lower than the SPY Sharpe Ratio of 2.39. The chart below compares the 12-month rolling Sharpe Ratio of TCEHY and SPY.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2024FebruaryMarchAprilMay
0.48
2.39
TCEHY
SPY

Dividends

TCEHY vs. SPY - Dividend Comparison

TCEHY's dividend yield for the trailing twelve months is around 0.92%, less than SPY's 1.28% yield.


TTM20232022202120202019201820172016201520142013
TCEHY
Tencent Holdings Limited
0.92%6.80%3.53%0.35%0.22%0.27%0.29%0.15%0.25%0.24%0.04%0.20%
SPY
SPDR S&P 500 ETF
1.28%1.40%1.65%1.20%1.52%1.75%2.04%1.80%2.03%2.06%1.87%1.81%

Drawdowns

TCEHY vs. SPY - Drawdown Comparison

The maximum TCEHY drawdown since its inception was -85.47%, 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.


-60.00%-50.00%-40.00%-30.00%-20.00%-10.00%0.00%December2024FebruaryMarchAprilMay
-48.03%
-0.99%
TCEHY
SPY

Volatility

TCEHY vs. SPY - Volatility Comparison

Tencent Holdings Limited (TCEHY) has a higher volatility of 10.35% compared to SPDR S&P 500 ETF (SPY) at 3.14%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier 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%December2024FebruaryMarchAprilMay
10.35%
3.14%
TCEHY
SPY