TME vs. ASML
TME (Tencent Music Entertainment Group) and ASML (ASML Holding N.V.) are both stocks. TME operates in Internet Content & Information (Communication Services), while ASML operates in Semiconductor Equipment & Materials (Technology). Over the past 5 years, TME returned -8.96%/yr vs 22.97%/yr for ASML. At a 0.30 correlation, their price movements are largely independent.
Performance
TME vs. ASML - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TME achieves a -45.99% return, which is significantly lower than ASML's 74.80% return.
TME
- 1D
- -0.43%
- 1M
- 7.21%
- YTD
- -45.99%
- 6M
- -48.04%
- 1Y
- -48.60%
- 3Y*
- 6.90%
- 5Y*
- -8.96%
- 10Y*
- —
ASML
- 1D
- -1.89%
- 1M
- 17.61%
- YTD
- 74.80%
- 6M
- 73.02%
- 1Y
- 146.81%
- 3Y*
- 37.59%
- 5Y*
- 22.97%
- 10Y*
- 36.00%
TME vs. ASML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -45.99% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -6.24% |
ASML ASML Holding N.V. | 74.80% | 56.51% | -7.70% | 39.91% | -30.49% | 64.13% | 66.06% | 93.56% | -3.62% |
Correlation
The correlation between TME and ASML is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.30 |
The correlation between TME and ASML shifts across timeframes, from 0.19 (1 year) to 0.31 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TME:
$14.34B
ASML:
$718.77B
TME:
CN¥5.49
ASML:
€25.86
TME:
11.37
ASML:
62.30
TME:
0.28
ASML:
4.10
TME:
2.99
ASML:
18.51
TME:
1.31
ASML:
29.83
TME:
CN¥32.50B
ASML:
€33.69B
TME:
CN¥18.52B
ASML:
€17.72B
TME:
CN¥13.20B
ASML:
€12.99B
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
TME vs. ASML — Risk / Return Rank
TME
ASML
TME vs. ASML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and ASML Holding N.V. (ASML). 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 | ASML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.33 | ||
| Sortino ratioReturn per unit of downside risk | -5.19 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.45 | -0.67 |
| Calmar ratioReturn relative to maximum drawdown | -0.74 | 7.83 | -8.57 |
| Martin ratioReturn relative to average drawdown | -1.29 | 21.08 | -22.37 |
Loading charts...
Drawdowns
TME vs. ASML - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, roughly equal to the maximum ASML drawdown of -90.00%. Use the drawdown chart below to compare losses from any high point for TME and ASML.
Loading charts...
Drawdown Indicators
| TME | ASML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -90.00% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -67.01% | -17.85% | -49.16% |
Max Drawdown (3Y)Largest decline over 3 years | -67.01% | -45.38% | -21.63% |
Max Drawdown (5Y)Largest decline over 5 years | -80.33% | -56.84% | -23.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.84% | — |
Current DrawdownCurrent decline from peak | -69.57% | -1.89% | -67.68% |
Average DrawdownAverage peak-to-trough decline | -52.02% | -28.12% | -23.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 38.44% | 6.63% | +31.81% |
Volatility
TME vs. ASML - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 11.92%, while ASML Holding N.V. (ASML) has a volatility of 17.27%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than ASML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TME | ASML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.92% | 17.27% | -5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 40.95% | 34.58% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.86% | 42.75% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.02% | 42.44% | +17.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.64% | 38.72% | +17.92% |
Dividends
TME vs. ASML - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.60%, more than ASML's 0.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASML ASML Holding N.V. | 0.47% | 0.97% | 0.97% | 0.86% | 1.27% | 0.50% | 0.50% | 1.40% | 0.94% | 0.64% | 0.92% | 0.73% |
TME Tencent Music Entertainment Group | 2.60% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TME vs. ASML - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and ASML Holding N.V.. 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. ASML - Profitability Comparison
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
ASML - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a gross profit of 4.65B and revenue of 8.77B. Therefore, the gross margin over that period was 53.0%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
ASML - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported an operating income of 3.16B and revenue of 8.77B, resulting in an operating margin of 36.0%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
ASML - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASML Holding N.V. reported a net income of 2.76B and revenue of 8.77B, resulting in a net margin of 31.4%.
Frequently Asked Questions
TME and ASML have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASML has higher volatility (17.27%) compared to TME (11.92%). In terms of maximum drawdown, TME dropped -90.19% vs ASML's -90.00%.
ASML currently has the higher Sharpe Ratio (3.27 vs -1.06), 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 TME and ASML
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