TME vs. ARIS
TME (Tencent Music Entertainment Group) and ARIS (Aris Water Solutions, Inc.) are both stocks. TME operates in Internet Content & Information (Communication Services), while ARIS operates in Utilities - Regulated Water (Utilities). Over the past 3 years, TME returned 7.36%/yr vs 82.13%/yr for ARIS. At a 0.16 correlation, their price movements are largely independent.
Performance
TME vs. ARIS - Performance Comparison
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Returns By Period
In the year-to-date period, TME achieves a -47.99% return, which is significantly lower than ARIS's -10.29% return.
TME
- 1D
- 0.34%
- 1M
- -4.10%
- 6M
- -47.45%
- YTD
- -47.99%
- 1Y
- -53.93%
- 3Y*
- 7.36%
- 5Y*
- -6.27%
- 10Y*
- —
ARIS
- 1D
- -1.29%
- 1M
- -3.58%
- 6M
- -12.61%
- YTD
- -10.29%
- 1Y
- 106.52%
- 3Y*
- 82.13%
- 5Y*
- —
- 10Y*
- —
TME vs. ARIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -47.99% | 56.39% | 27.12% | 8.82% | 20.88% | -17.67% |
ARIS Aris Water Solutions, Inc. | -10.29% | 363.71% | 6.54% | 31.93% | -39.60% | 1.33% |
Correlation
The correlation between TME and ARIS is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2021 | 0.16 |
Fundamentals
TME:
$13.65B
ARIS:
$3.01B
TME:
CN¥5.49
ARIS:
$0.85
TME:
10.98
ARIS:
17.19
TME:
0.27
ARIS:
0.34
TME:
2.89
ARIS:
2.61
TME:
1.27
ARIS:
1.94
TME:
CN¥32.50B
ARIS:
$1.14B
TME:
CN¥18.52B
ARIS:
$612.94M
TME:
CN¥13.20B
ARIS:
$432.53M
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Return for Risk
TME vs. ARIS — Risk / Return Rank
TME
ARIS
TME vs. ARIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Aris Water Solutions, Inc. (ARIS). 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.
| TME | ARIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.31 | ||
| Sortino ratioReturn per unit of downside risk | -4.12 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.33 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.80 | 3.71 | -4.51 |
| Martin ratioReturn relative to average drawdown | -1.29 | 10.23 | -11.51 |
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Drawdowns
TME vs. ARIS - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than ARIS's maximum drawdown of -57.98%. Use the drawdown chart below to compare losses from any high point for TME and ARIS.
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Drawdown Indicators
| TME | ARIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -57.98% | -32.21% |
Max Drawdown (1Y)Largest decline over 1 year | -68.21% | -35.29% | -32.92% |
Max Drawdown (3Y)Largest decline over 3 years | -68.21% | -35.29% | -32.92% |
Max Drawdown (5Y)Largest decline over 5 years | -76.04% | — | — |
Current DrawdownCurrent decline from peak | -70.69% | -32.75% | -37.94% |
Average DrawdownAverage peak-to-trough decline | -52.20% | -22.75% | -29.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 42.35% | 12.01% | +30.34% |
Volatility
TME vs. ARIS - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 9.14%, while Aris Water Solutions, Inc. (ARIS) has a volatility of 21.89%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than ARIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | ARIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.14% | 21.89% | -12.75% |
Volatility (6M)Calculated over the trailing 6-month period | 40.96% | 47.67% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.98% | 61.12% | -14.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.91% | 53.45% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.46% | 53.45% | +3.01% |
Dividends
TME vs. ARIS - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.70%, while ARIS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ARIS Aris Water Solutions, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 3.84% | 0.85% |
TME Tencent Music Entertainment Group | 2.70% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% |
Financials
TME vs. ARIS - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Aris Water Solutions, Inc.. 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
TME vs. ARIS - Profitability Comparison
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Tencent Music Entertainment Group reported a gross profit of 3.52B and revenue of 7.85B. Therefore, the gross margin over that period was 44.9%.
ARIS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a gross profit of 217.03M and revenue of 372.48M. Therefore, the gross margin over that period was 58.3%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Tencent Music Entertainment Group reported an operating income of 2.32B and revenue of 7.85B, resulting in an operating margin of 29.6%.
ARIS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported an operating income of 179.05M and revenue of 372.48M, resulting in an operating margin of 48.1%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Tencent Music Entertainment Group reported a net income of 2.08B and revenue of 7.85B, resulting in a net margin of 26.5%.
ARIS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Aris Water Solutions, Inc. reported a net income of 97.61M and revenue of 372.48M, resulting in a net margin of 26.2%.
Frequently Asked Questions
TME and ARIS have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ARIS has higher volatility (21.89%) compared to TME (9.14%). In terms of maximum drawdown, TME dropped -90.19% vs ARIS's -57.98%.
ARIS currently has the higher Sharpe Ratio (2.14 vs -1.16), 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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