TCEHY vs. VBIL
TCEHY (Tencent Holdings Limited) is a stock, while VBIL (Vanguard 0-3 Month Treasury Bill ETF) is Ultrashort Bond fund tracking the Bloomberg US Treasury Bills 0-3 Months Index. Over the past year, TCEHY returned -15.39% vs 3.93% for VBIL. At a correlation of -0.03, they often move in opposite directions.
Performance
TCEHY vs. VBIL - 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 VBIL's 1.71% 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%
VBIL
- 1D
- 0.00%
- 1M
- 0.30%
- YTD
- 1.71%
- 6M
- 1.79%
- 1Y
- 3.93%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TCEHY vs. VBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TCEHY Tencent Holdings Limited | -27.31% | 36.70% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 1.71% | 3.73% |
Correlation
The correlation between TCEHY and VBIL is -0.03, 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 | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2025 | -0.03 |
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Return for Risk
TCEHY vs. VBIL — Risk / Return Rank
TCEHY
VBIL
TCEHY vs. VBIL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and Vanguard 0-3 Month Treasury Bill ETF (VBIL). 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 | VBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -18.74 | ||
| Sortino ratioReturn per unit of downside risk | -122.15 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 45.76 | -44.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.41 | 297.45 | -297.86 |
| Martin ratioReturn relative to average drawdown | -0.84 | 1,967.36 | -1,968.20 |
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Drawdowns
TCEHY vs. VBIL - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, which is greater than VBIL's maximum drawdown of -0.09%. Use the drawdown chart below to compare losses from any high point for TCEHY and VBIL.
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Drawdown Indicators
| TCEHY | VBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -0.09% | -73.08% |
Max Drawdown (1Y)Largest decline over 1 year | -37.88% | -0.01% | -37.87% |
Max Drawdown (3Y)Largest decline over 3 years | -37.88% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -65.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | — | — |
Current DrawdownCurrent decline from peak | -37.33% | 0.00% | -37.33% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -0.00% | -19.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.38% | 0.00% | +18.38% |
Volatility
TCEHY vs. VBIL - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 12.26% compared to Vanguard 0-3 Month Treasury Bill ETF (VBIL) at 0.05%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than VBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | VBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.26% | 0.05% | +12.21% |
Volatility (6M)Calculated over the trailing 6-month period | 25.20% | 0.15% | +25.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.36% | 0.22% | +31.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.30% | 0.29% | +43.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.84% | 0.29% | +38.55% |
Dividends
TCEHY vs. VBIL - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.23%, less than VBIL's 3.65% 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% |
VBIL Vanguard 0-3 Month Treasury Bill ETF | 3.65% | 3.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TCEHY and VBIL have a correlation of -0.03, 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 VBIL (0.05%). In terms of maximum drawdown, TCEHY dropped -73.17% vs VBIL's -0.09%.
VBIL currently has the higher Sharpe Ratio (18.25 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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