TLGPY vs. TCEHY
TLGPY (Telstra Corporation Limited) and TCEHY (Tencent Holdings Limited) are both stocks. Both are in the Communication Services sector — TLGPY in Telecom Services, TCEHY in Internet Content & Information. Over the past 3 years, TLGPY returned 14.77%/yr vs 11.82%/yr for TCEHY. At a 0.28 correlation, their price movements are largely independent.
Performance
TLGPY vs. TCEHY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TLGPY achieves a 13.64% return, which is significantly higher than TCEHY's -23.18% return.
TLGPY
- 1D
- -1.18%
- 1M
- -4.57%
- YTD
- 13.64%
- 6M
- 13.71%
- 1Y
- 20.82%
- 3Y*
- 14.77%
- 5Y*
- —
- 10Y*
- —
TCEHY
- 1D
- -3.65%
- 1M
- -2.67%
- YTD
- -23.18%
- 6M
- -25.09%
- 1Y
- -8.48%
- 3Y*
- 11.82%
- 5Y*
- -3.82%
- 10Y*
- 11.67%
TLGPY vs. TCEHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TLGPY Telstra Corporation Limited | 13.64% | 38.47% | -3.13% | 10.15% | 7.53% |
TCEHY Tencent Holdings Limited | -23.18% | 45.23% | 41.92% | -5.48% | 61.19% |
Correlation
The correlation between TLGPY and TCEHY is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Nov 1, 2022 | 0.28 |
Fundamentals
TLGPY:
$41.69B
TCEHY:
$533.23B
TLGPY:
$1.72
TCEHY:
$25.30
TLGPY:
10.67
TCEHY:
2.30
TLGPY:
1.58
TCEHY:
0.29
TLGPY:
0.91
TCEHY:
0.70
TLGPY:
3.13
TCEHY:
0.47
TLGPY:
$46.06B
TCEHY:
$763.32B
TLGPY:
$17.20B
TCEHY:
$422.60B
TLGPY:
$15.42B
TCEHY:
$324.78B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TLGPY vs. TCEHY — Risk / Return Rank
TLGPY
TCEHY
TLGPY vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Telstra Corporation Limited (TLGPY) and Tencent Holdings Limited (TCEHY). 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.
| TLGPY | TCEHY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.13 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.98 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.84 | -0.23 | +3.07 |
| Martin ratioReturn relative to average drawdown | 8.80 | -0.51 | +9.32 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TLGPY | TCEHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.33 | -0.28 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.09 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.30 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.65 | +0.21 |
Drawdowns
TLGPY vs. TCEHY - Drawdown Comparison
The maximum TLGPY drawdown since its inception was -19.28%, smaller than the maximum TCEHY drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for TLGPY and TCEHY.
Loading charts...
Drawdown Indicators
| TLGPY | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.28% | -73.17% | +53.89% |
Max Drawdown (1Y)Largest decline over 1 year | -7.37% | -36.75% | +29.38% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -36.75% | +17.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.67% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.17% | — |
Current DrawdownCurrent decline from peak | -7.37% | -33.77% | +26.40% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -19.66% | +14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.37% | 16.55% | -14.18% |
Volatility
TLGPY vs. TCEHY - Volatility Comparison
The current volatility for Telstra Corporation Limited (TLGPY) is 4.65%, while Tencent Holdings Limited (TCEHY) has a volatility of 12.73%. This indicates that TLGPY experiences smaller price fluctuations and is considered to be less risky than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TLGPY | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 12.73% | -8.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 24.43% | -12.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.74% | 30.75% | -15.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.08% | 43.23% | -22.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.08% | 38.84% | -17.76% |
Dividends
TLGPY vs. TCEHY - Dividend Comparison
TLGPY's dividend yield for the trailing twelve months is around 3.70%, more than TCEHY's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TCEHY Tencent Holdings Limited | 1.16% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
TLGPY Telstra Corporation Limited | 3.70% | 3.71% | 4.76% | 9.50% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TLGPY vs. TCEHY - Financials Comparison
This section allows you to compare key financial metrics between Telstra Corporation Limited and Tencent 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
TLGPY vs. TCEHY - Profitability Comparison
TLGPY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Telstra Corporation Limited reported a gross profit of 3.19B and revenue of 11.43B. Therefore, the gross margin over that period was 27.9%.
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%.
TLGPY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Telstra Corporation Limited reported an operating income of 1.82B and revenue of 11.43B, resulting in an operating margin of 15.9%.
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%.
TLGPY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Telstra Corporation Limited reported a net income of 1.10B and revenue of 11.43B, resulting in a net margin of 9.7%.
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%.
Frequently Asked Questions
TLGPY and TCEHY have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TCEHY has higher volatility (12.73%) compared to TLGPY (4.65%). In terms of maximum drawdown, TLGPY dropped -19.28% vs TCEHY's -73.17%.
TLGPY currently has the higher Sharpe Ratio (1.33 vs -0.28), 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.
Find the right allocation for TLGPY and TCEHY
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer