TME vs. BILI
TME (Tencent Music Entertainment Group) and BILI (Bilibili Inc.) are both stocks. Both are in the Communication Services sector — TME in Internet Content & Information, BILI in Electronic Gaming & Multimedia. Over the past 5 years, TME returned -9.38%/yr vs -30.02%/yr for BILI. A 0.57 correlation means they provide meaningful diversification when combined.
Performance
TME vs. BILI - Performance Comparison
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Returns By Period
In the year-to-date period, TME achieves a -46.87% return, which is significantly lower than BILI's -26.96% return.
TME
- 1D
- -0.11%
- 1M
- -1.84%
- YTD
- -46.87%
- 6M
- -49.90%
- 1Y
- -48.14%
- 3Y*
- 6.95%
- 5Y*
- -9.38%
- 10Y*
- —
BILI
- 1D
- 2.86%
- 1M
- -18.59%
- YTD
- -26.96%
- 6M
- -30.92%
- 1Y
- -4.21%
- 3Y*
- 3.69%
- 5Y*
- -30.02%
- 10Y*
- —
TME vs. BILI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -46.87% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -5.57% |
BILI Bilibili Inc. | -26.96% | 35.78% | 48.81% | -48.63% | -48.94% | -45.87% | 360.37% | 27.62% | -4.58% |
Correlation
The correlation between TME and BILI is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.64 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2018 | 0.57 |
The correlation between TME and BILI shifts across timeframes, from 0.51 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TME:
$14.11B
BILI:
$8.25B
TME:
$5.49
BILI:
$3.12
TME:
1.65
BILI:
5.76
TME:
0.43
BILI:
0.26
TME:
0.19
BILI:
0.53
TME:
$32.50B
BILI:
$30.77B
TME:
$18.52B
BILI:
$11.33B
TME:
$13.20B
BILI:
$1.53B
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Return for Risk
TME vs. BILI — Risk / Return Rank
TME
BILI
TME vs. BILI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Bilibili Inc. (BILI). 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 | BILI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.65 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.03 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.08 | -0.64 |
| Martin ratioReturn relative to average drawdown | -1.28 | -0.19 | -1.09 |
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 | BILI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | -0.08 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.38 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.08 | -0.17 |
Drawdowns
TME vs. BILI - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, roughly equal to the maximum BILI drawdown of -94.30%. Use the drawdown chart below to compare losses from any high point for TME and BILI.
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Drawdown Indicators
| TME | BILI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -94.30% | +4.11% |
Max Drawdown (1Y)Largest decline over 1 year | -67.01% | -52.06% | -14.95% |
Max Drawdown (3Y)Largest decline over 3 years | -67.01% | -53.12% | -13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -80.52% | -92.97% | +12.45% |
Current DrawdownCurrent decline from peak | -70.06% | -88.51% | +18.45% |
Average DrawdownAverage peak-to-trough decline | -52.00% | -57.93% | +5.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.58% | 22.45% | +15.13% |
Volatility
TME vs. BILI - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 11.99%, while Bilibili Inc. (BILI) has a volatility of 18.85%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than BILI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | BILI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 18.85% | -6.86% |
Volatility (6M)Calculated over the trailing 6-month period | 40.90% | 36.38% | +4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.06% | 50.46% | -3.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.05% | 79.18% | -19.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 73.83% | -17.12% |
Dividends
TME vs. BILI - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.65%, while BILI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BILI Bilibili Inc. | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.65% | 1.03% | 1.21% |
Financials
TME vs. BILI - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Bilibili 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. BILI - 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%.
BILI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.
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%.
BILI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.
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%.
BILI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.
Frequently Asked Questions
TME and BILI have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILI has higher volatility (18.85%) compared to TME (11.99%). In terms of maximum drawdown, TME dropped -90.19% vs BILI's -94.30%.
BILI currently has the higher Sharpe Ratio (-0.08 vs -1.03), 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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