TCEHY vs. TFLO
TCEHY (Tencent Holdings Limited) is a stock, while TFLO (iShares Treasury Floating Rate Bond ETF) is Government Bonds fund tracking the Bloomberg U.S. Treasury Floating Rate Index. Over the past 10 years, TCEHY returned 10.98%/yr vs 2.38%/yr for TFLO. At a correlation of -0.01, they often move in opposite directions.
Performance
TCEHY vs. TFLO - Performance Comparison
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Returns By Period
In the year-to-date period, TCEHY achieves a -27.31% return, which is significantly lower than TFLO's 1.79% return. Over the past 10 years, TCEHY has outperformed TFLO with an annualized return of 10.98%, while TFLO has yielded a comparatively lower 2.38% annualized return.
TCEHY
- 1D
- 2.57%
- 1M
- -1.91%
- YTD
- -27.31%
- 6M
- -28.13%
- 1Y
- -15.39%
- 3Y*
- 10.08%
- 5Y*
- -4.45%
- 10Y*
- 10.98%
TFLO
- 1D
- -0.02%
- 1M
- 0.29%
- YTD
- 1.79%
- 6M
- 1.87%
- 1Y
- 3.93%
- 3Y*
- 4.72%
- 5Y*
- 3.68%
- 10Y*
- 2.38%
TCEHY vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | -27.31% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -23.83% | 115.30% |
TFLO iShares Treasury Floating Rate Bond ETF | 1.79% | 4.22% | 5.34% | 5.12% | 1.99% | -0.02% | 0.43% | 2.04% | 1.76% | 1.01% |
Correlation
The correlation between TCEHY and TFLO is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.01 |
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Return for Risk
TCEHY vs. TFLO — Risk / Return Rank
TCEHY
TFLO
TCEHY vs. TFLO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and iShares Treasury Floating Rate Bond ETF (TFLO). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TCEHY | TFLO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.33 | ||
| Sortino ratioReturn per unit of downside risk | -49.33 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 13.02 | -12.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 199.14 | -199.55 |
| Martin ratioReturn relative to average drawdown | -0.84 | 788.97 | -789.81 |
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Drawdowns
TCEHY vs. TFLO - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, which is greater than TFLO's maximum drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for TCEHY and TFLO.
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Drawdown Indicators
| TCEHY | TFLO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -5.01% | -68.16% |
Max Drawdown (1Y)Largest decline over 1 year | -37.88% | -0.02% | -37.86% |
Max Drawdown (3Y)Largest decline over 3 years | -37.88% | -0.04% | -37.84% |
Max Drawdown (5Y)Largest decline over 5 years | -65.91% | -0.13% | -65.78% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -0.16% | -73.01% |
Current DrawdownCurrent decline from peak | -37.33% | -0.02% | -37.31% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -0.10% | -19.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 0.00% | +18.38% |
Volatility
TCEHY vs. TFLO - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 12.26% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.09%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | TFLO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.26% | 0.09% | +12.17% |
Volatility (6M)Calculated over the trailing 6-month period | 25.20% | 0.20% | +25.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 0.29% | +31.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.30% | 0.36% | +42.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 0.46% | +38.38% |
Dividends
TCEHY vs. TFLO - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.23%, less than TFLO's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | 1.23% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
TFLO iShares Treasury Floating Rate Bond ETF | 3.89% | 4.16% | 5.21% | 4.88% | 1.68% | 0.00% | 0.36% | 2.08% | 1.65% | 0.86% | 0.31% | 0.15% |
Frequently Asked Questions
TCEHY and TFLO have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (12.26%) compared to TFLO (0.09%). In terms of maximum drawdown, TCEHY dropped -73.17% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.84 vs -0.49), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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