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 11.06%/yr vs 2.41%/yr for TFLO. At a correlation of -0.02, 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 -21.95% return, which is significantly lower than TFLO's 2.08% return. Over the past 10 years, TCEHY has outperformed TFLO with an annualized return of 11.06%, while TFLO has yielded a comparatively lower 2.41% annualized return.
TCEHY
- 1D
- -3.61%
- 1M
- 5.98%
- 6M
- -23.98%
- YTD
- -21.95%
- 1Y
- -9.84%
- 3Y*
- 12.52%
- 5Y*
- -1.43%
- 10Y*
- 11.06%
TFLO
- 1D
- 0.04%
- 1M
- 0.37%
- 6M
- 1.88%
- YTD
- 2.08%
- 1Y
- 3.96%
- 3Y*
- 4.69%
- 5Y*
- 3.73%
- 10Y*
- 2.41%
TCEHY vs. TFLO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | -21.95% | 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 | 2.08% | 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 -0.08, 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 | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Feb 4, 2014 | -0.02 |
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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 | -14.00 | ||
| Sortino ratioReturn per unit of downside risk | -47.85 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 12.40 | -11.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | 200.45 | -200.71 |
| Martin ratioReturn relative to average drawdown | -0.49 | 770.50 | -770.99 |
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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 | -38.23% | -0.02% | -38.21% |
Max Drawdown (3Y)Largest decline over 3 years | -38.23% | -0.04% | -38.19% |
Max Drawdown (5Y)Largest decline over 5 years | -62.10% | -0.13% | -61.97% |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | -0.16% | -73.01% |
Current DrawdownCurrent decline from peak | -32.71% | 0.00% | -32.71% |
Average DrawdownAverage peak-to-trough decline | -19.80% | -0.10% | -19.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.20% | 0.01% | +20.19% |
Volatility
TCEHY vs. TFLO - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 11.59% compared to iShares Treasury Floating Rate Bond ETF (TFLO) at 0.11%. 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 | 11.59% | 0.11% | +11.48% |
Volatility (6M)Calculated over the trailing 6-month period | 26.00% | 0.20% | +25.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 32.65% | 0.29% | +32.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.31% | 0.36% | +42.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.91% | 0.45% | +38.46% |
Dividends
TCEHY vs. TFLO - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.15%, less than TFLO's 3.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | 1.15% | 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 | 3.84% | 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 -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (11.59%) compared to TFLO (0.11%). In terms of maximum drawdown, TCEHY dropped -73.17% vs TFLO's -5.01%.
TFLO currently has the higher Sharpe Ratio (13.69 vs -0.30), 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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