TCEHY vs. XIACY
TCEHY (Tencent Holdings Limited) and XIACY (Xiaomi Corporation) are both stocks. TCEHY operates in Internet Content & Information (Communication Services), while XIACY operates in Consumer Electronics (Technology). Over the past 3 years, TCEHY returned 10.74%/yr vs 35.55%/yr for XIACY. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
TCEHY vs. XIACY - Performance Comparison
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Returns By Period
In the year-to-date period, TCEHY achieves a -24.74% return, which is significantly higher than XIACY's -30.92% return.
TCEHY
- 1D
- -2.11%
- 1M
- -5.24%
- YTD
- -24.74%
- 6M
- -26.31%
- 1Y
- -12.39%
- 3Y*
- 10.74%
- 5Y*
- -4.22%
- 10Y*
- 11.05%
XIACY
- 1D
- -3.81%
- 1M
- -13.22%
- YTD
- -30.92%
- 6M
- -36.33%
- 1Y
- -49.74%
- 3Y*
- 35.55%
- 5Y*
- —
- 10Y*
- —
TCEHY vs. XIACY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | -24.74% | 45.23% | 41.92% | -5.48% | -24.97% | -25.54% |
XIACY Xiaomi Corporation | -30.92% | 15.23% | 118.16% | 45.75% | -42.42% | -33.33% |
Correlation
The correlation between TCEHY and XIACY is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2021 | 0.58 |
The correlation between TCEHY and XIACY has been stable across timeframes, ranging from 0.49 to 0.58 - a consistent structural relationship.
Fundamentals
TCEHY:
$522.40B
XIACY:
$92.05B
TCEHY:
$25.30
XIACY:
$6.64
TCEHY:
2.25
XIACY:
2.62
TCEHY:
0.28
XIACY:
0.02
TCEHY:
0.69
XIACY:
0.21
TCEHY:
0.47
XIACY:
0.35
TCEHY:
$763.32B
XIACY:
$442.33B
TCEHY:
$422.60B
XIACY:
$97.61B
TCEHY:
$324.78B
XIACY:
$40.74B
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Return for Risk
TCEHY vs. XIACY — Risk / Return Rank
TCEHY
XIACY
TCEHY vs. XIACY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Holdings Limited (TCEHY) and Xiaomi Corporation (XIACY). 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 | XIACY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 0.78 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | -0.89 | +0.55 |
| Martin ratioReturn relative to average drawdown | -0.74 | -1.46 | +0.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TCEHY | XIACY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.40 | -1.28 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.10 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | -0.01 | +0.65 |
Drawdowns
TCEHY vs. XIACY - Drawdown Comparison
The maximum TCEHY drawdown since its inception was -73.17%, roughly equal to the maximum XIACY drawdown of -70.71%. Use the drawdown chart below to compare losses from any high point for TCEHY and XIACY.
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Drawdown Indicators
| TCEHY | XIACY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.17% | -70.71% | -2.46% |
Max Drawdown (1Y)Largest decline over 1 year | -36.75% | -55.93% | +19.18% |
Max Drawdown (3Y)Largest decline over 3 years | -36.75% | -55.93% | +19.18% |
Max Drawdown (5Y)Largest decline over 5 years | -66.18% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -73.17% | — | — |
Current DrawdownCurrent decline from peak | -35.11% | -55.93% | +20.82% |
Average DrawdownAverage peak-to-trough decline | -19.67% | -38.87% | +19.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.81% | 34.15% | -17.34% |
Volatility
TCEHY vs. XIACY - Volatility Comparison
Tencent Holdings Limited (TCEHY) has a higher volatility of 12.85% compared to Xiaomi Corporation (XIACY) at 11.94%. This indicates that TCEHY's price experiences larger fluctuations and is considered to be riskier than XIACY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCEHY | XIACY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.85% | 11.94% | +0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 27.45% | -2.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.74% | 39.09% | -8.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 43.22% | 46.56% | -3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.83% | 46.56% | -7.73% |
Dividends
TCEHY vs. XIACY - Dividend Comparison
TCEHY's dividend yield for the trailing twelve months is around 1.19%, while XIACY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | 1.19% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
XIACY Xiaomi Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TCEHY vs. XIACY - Financials Comparison
This section allows you to compare key financial metrics between Tencent Holdings Limited and Xiaomi Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TCEHY vs. XIACY - Profitability Comparison
TCEHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported a gross profit of 106.58B and revenue of 195.27B. Therefore, the gross margin over that period was 54.6%.
XIACY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Xiaomi Corporation reported a gross profit of 21.68B and revenue of 98.54B. Therefore, the gross margin over that period was 22.0%.
TCEHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported an operating income of 65.72B and revenue of 195.27B, resulting in an operating margin of 33.7%.
XIACY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Xiaomi Corporation reported an operating income of 2.93B and revenue of 98.54B, resulting in an operating margin of 3.0%.
TCEHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tencent Holdings Limited reported a net income of 57.74B and revenue of 195.27B, resulting in a net margin of 29.6%.
XIACY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Xiaomi Corporation reported a net income of 4.69B and revenue of 98.54B, resulting in a net margin of 4.8%.
Frequently Asked Questions
TCEHY and XIACY have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (12.85%) compared to XIACY (11.94%). In terms of maximum drawdown, TCEHY dropped -73.17% vs XIACY's -70.71%.
TCEHY currently has the higher Sharpe Ratio (-0.40 vs -1.28), 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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