TME vs. AMDL
TME (Tencent Music Entertainment Group) is a stock, while AMDL (GraniteShares 2x Long AMD Daily ETF) is Leveraged Equities fund actively managed by GraniteShares. Over the past year, TME returned -46.00% vs 1189.78% for AMDL. At a 0.23 correlation, their price movements are largely independent.
Performance
TME vs. AMDL - Performance Comparison
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Returns By Period
In the year-to-date period, TME achieves a -46.46% return, which is significantly lower than AMDL's 395.18% return.
TME
- 1D
- -3.89%
- 1M
- 0.00%
- YTD
- -46.46%
- 6M
- -48.74%
- 1Y
- -46.00%
- 3Y*
- 8.44%
- 5Y*
- -9.05%
- 10Y*
- —
AMDL
- 1D
- 8.25%
- 1M
- 135.69%
- YTD
- 395.18%
- 6M
- 371.52%
- 1Y
- 1,189.78%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TME vs. AMDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TME Tencent Music Entertainment Group | -46.46% | 56.39% | 10.34% |
AMDL GraniteShares 2x Long AMD Daily ETF | 395.18% | 103.00% | -69.97% |
Correlation
The correlation between TME and AMDL is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2024 | 0.23 |
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Return for Risk
TME vs. AMDL — Risk / Return Rank
TME
AMDL
TME vs. AMDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and GraniteShares 2x Long AMD Daily ETF (AMDL). 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.
| TME | AMDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -10.28 | ||
| Sortino ratioReturn per unit of downside risk | -6.11 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.63 | -0.83 |
| Calmar ratioReturn relative to maximum drawdown | -0.69 | 21.43 | -22.12 |
| Martin ratioReturn relative to average drawdown | -1.25 | 42.08 | -43.33 |
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
| TME | AMDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.98 | 9.30 | -10.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.15 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.56 | -0.65 |
Drawdowns
TME vs. AMDL - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, roughly equal to the maximum AMDL drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for TME and AMDL.
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Drawdown Indicators
| TME | AMDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -88.63% | -1.56% |
Max Drawdown (1Y)Largest decline over 1 year | -67.01% | -56.13% | -10.88% |
Max Drawdown (3Y)Largest decline over 3 years | -67.01% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -80.52% | — | — |
Current DrawdownCurrent decline from peak | -69.83% | 0.00% | -69.83% |
Average DrawdownAverage peak-to-trough decline | -51.97% | -48.58% | -3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.92% | 28.53% | +8.39% |
Volatility
TME vs. AMDL - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 13.58%, while GraniteShares 2x Long AMD Daily ETF (AMDL) has a volatility of 46.02%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than AMDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | AMDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.58% | 46.02% | -32.44% |
Volatility (6M)Calculated over the trailing 6-month period | 40.89% | 94.09% | -53.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.94% | 129.41% | -82.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.04% | 116.59% | -56.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.74% | 116.59% | -59.85% |
Dividends
TME vs. AMDL - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.63%, while AMDL has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMDL GraniteShares 2x Long AMD Daily ETF | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.63% | 1.03% | 1.21% |
Frequently Asked Questions
TME and AMDL have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMDL has higher volatility (46.02%) compared to TME (13.58%). In terms of maximum drawdown, TME dropped -90.19% vs AMDL's -88.63%.
AMDL currently has the higher Sharpe Ratio (9.30 vs -0.98), 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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