TCOM vs. ATAT
TCOM (Trip.com Group Limited) and ATAT (Atour Lifestyle Holdings Limited) are both stocks. Both are in the Consumer Cyclical sector — TCOM in Travel Services, ATAT in Lodging. Over the past 3 years, TCOM returned 6.23%/yr vs 23.76%/yr for ATAT. At a 0.38 correlation, their price movements are largely independent.
Performance
TCOM vs. ATAT - Performance Comparison
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Returns By Period
In the year-to-date period, TCOM achieves a -40.48% return, which is significantly lower than ATAT's -16.93% return.
TCOM
- 1D
- 3.31%
- 1M
- -9.69%
- 6M
- -43.43%
- YTD
- -40.48%
- 1Y
- -30.88%
- 3Y*
- 6.23%
- 5Y*
- 5.97%
- 10Y*
- 0.25%
ATAT
- 1D
- 1.74%
- 1M
- -3.48%
- 6M
- -17.43%
- YTD
- -16.93%
- 1Y
- -6.92%
- 3Y*
- 23.76%
- 5Y*
- —
- 10Y*
- —
TCOM vs. ATAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TCOM Trip.com Group Limited | -40.48% | 5.24% | 90.67% | 4.68% | 25.09% |
ATAT Atour Lifestyle Holdings Limited | -16.93% | 49.78% | 58.43% | -2.92% | 16.26% |
Correlation
The correlation between TCOM and ATAT is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Nov 11, 2022 | 0.38 |
The correlation between TCOM and ATAT shifts across timeframes, from 0.29 (1 year) to 0.41 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
TCOM:
$26.95B
ATAT:
$4.45B
TCOM:
CN¥45.41
ATAT:
CN¥13.16
TCOM:
6.39
ATAT:
16.60
TCOM:
0.04
ATAT:
0.10
TCOM:
3.12
ATAT:
2.86
TCOM:
1.20
ATAT:
8.23
TCOM:
CN¥64.48B
ATAT:
CN¥10.65B
TCOM:
CN¥51.79B
ATAT:
CN¥4.63B
TCOM:
CN¥39.20B
ATAT:
CN¥2.46B
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Return for Risk
TCOM vs. ATAT — Risk / Return Rank
TCOM
ATAT
TCOM vs. ATAT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Trip.com Group Limited (TCOM) and Atour Lifestyle Holdings Limited (ATAT). 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.
| TCOM | ATAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.85 | 0.99 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | -0.33 | -0.29 |
| Martin ratioReturn relative to average drawdown | -1.24 | -0.71 | -0.53 |
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Drawdowns
TCOM vs. ATAT - Drawdown Comparison
The maximum TCOM drawdown since its inception was -76.34%, which is greater than ATAT's maximum drawdown of -46.91%. Use the drawdown chart below to compare losses from any high point for TCOM and ATAT.
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Drawdown Indicators
| TCOM | ATAT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.34% | -46.91% | -29.43% |
Max Drawdown (1Y)Largest decline over 1 year | -49.54% | -25.32% | -24.22% |
Max Drawdown (3Y)Largest decline over 3 years | -49.54% | -30.96% | -18.58% |
Max Drawdown (5Y)Largest decline over 5 years | -49.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -71.96% | — | — |
Current DrawdownCurrent decline from peak | -45.80% | -23.69% | -22.11% |
Average DrawdownAverage peak-to-trough decline | -27.89% | -20.14% | -7.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.98% | 11.87% | +13.11% |
Volatility
TCOM vs. ATAT - Volatility Comparison
Trip.com Group Limited (TCOM) has a higher volatility of 16.28% compared to Atour Lifestyle Holdings Limited (ATAT) at 9.00%. This indicates that TCOM's price experiences larger fluctuations and is considered to be riskier than ATAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TCOM | ATAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.28% | 9.00% | +7.28% |
Volatility (6M)Calculated over the trailing 6-month period | 31.02% | 27.89% | +3.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.00% | 37.60% | +0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.47% | 58.52% | -9.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.42% | 58.52% | -14.10% |
Dividends
TCOM vs. ATAT - Dividend Comparison
TCOM has not paid dividends to shareholders, while ATAT's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
ATAT Atour Lifestyle Holdings Limited | 2.79% | 1.98% | 1.67% | 0.86% |
TCOM Trip.com Group Limited | 0.00% | 0.42% | 0.00% | 0.00% |
Financials
TCOM vs. ATAT - Financials Comparison
This section allows you to compare key financial metrics between Trip.com Group Limited and Atour Lifestyle Holdings Limited. 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
TCOM vs. ATAT - Profitability Comparison
TCOM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Trip.com Group Limited reported a gross profit of 12.80B and revenue of 16.11B. Therefore, the gross margin over that period was 79.5%.
ATAT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a gross profit of 1.16B and revenue of 2.79B. Therefore, the gross margin over that period was 41.4%.
TCOM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Trip.com Group Limited reported an operating income of 3.92B and revenue of 16.11B, resulting in an operating margin of 24.3%.
ATAT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported an operating income of 568.24M and revenue of 2.79B, resulting in an operating margin of 20.3%.
TCOM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Trip.com Group Limited reported a net income of 2.48B and revenue of 16.11B, resulting in a net margin of 15.4%.
ATAT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Atour Lifestyle Holdings Limited reported a net income of 460.55M and revenue of 2.79B, resulting in a net margin of 16.5%.
Frequently Asked Questions
TCOM and ATAT have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCOM has higher volatility (16.28%) compared to ATAT (9.00%). In terms of maximum drawdown, TCOM dropped -76.34% vs ATAT's -46.91%.
ATAT currently has the higher Sharpe Ratio (-0.22 vs -0.81), 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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