TME vs. HTHT
TME (Tencent Music Entertainment Group) and HTHT (Huazhu Group Limited) are both stocks. TME operates in Internet Content & Information (Communication Services), while HTHT operates in Lodging (Consumer Cyclical). Over the past 5 years, TME returned -9.38%/yr vs -2.31%/yr for HTHT. At a 0.44 correlation, their price movements are largely independent.
Performance
TME vs. HTHT - 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 HTHT's -3.71% return.
TME
- 1D
- -0.11%
- 1M
- -1.84%
- YTD
- -46.87%
- 6M
- -49.90%
- 1Y
- -48.14%
- 3Y*
- 6.95%
- 5Y*
- -9.38%
- 10Y*
- —
HTHT
- 1D
- -1.89%
- 1M
- -6.22%
- YTD
- -3.71%
- 6M
- -3.83%
- 1Y
- 31.87%
- 3Y*
- 5.24%
- 5Y*
- -2.31%
- 10Y*
- 19.71%
TME vs. HTHT - 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% |
HTHT Huazhu Group Limited | -3.71% | 50.26% | 0.96% | -19.00% | 14.31% | -17.08% | 13.28% | 39.96% | -9.46% |
Correlation
The correlation between TME and HTHT is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2018 | 0.44 |
Over the past year, the correlation between TME and HTHT has dropped to 0.08 - well below their long-term average of 0.44, suggesting their price drivers have been diverging.
Fundamentals
TME:
$14.11B
HTHT:
$14.44B
TME:
$5.49
HTHT:
$15.32
TME:
1.65
HTHT:
2.88
TME:
0.04
HTHT:
0.04
TME:
0.43
HTHT:
0.56
TME:
0.19
HTHT:
1.32
TME:
$32.50B
HTHT:
$25.78B
TME:
$18.52B
HTHT:
$10.45B
TME:
$13.20B
HTHT:
$8.78B
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Return for Risk
TME vs. HTHT — Risk / Return Rank
TME
HTHT
TME vs. HTHT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Huazhu Group Limited (HTHT). 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 | HTHT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.13 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 1.19 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 1.52 | -2.24 |
| Martin ratioReturn relative to average drawdown | -1.28 | 4.54 | -5.82 |
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 | HTHT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | 1.08 | -2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.05 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.39 | -0.48 |
Drawdowns
TME vs. HTHT - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than HTHT's maximum drawdown of -64.02%. Use the drawdown chart below to compare losses from any high point for TME and HTHT.
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Drawdown Indicators
| TME | HTHT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -64.02% | -26.17% |
Max Drawdown (1Y)Largest decline over 1 year | -67.01% | -21.05% | -45.96% |
Max Drawdown (3Y)Largest decline over 3 years | -67.01% | -41.05% | -25.96% |
Max Drawdown (5Y)Largest decline over 5 years | -80.52% | -60.87% | -19.65% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.02% | — |
Current DrawdownCurrent decline from peak | -70.06% | -19.18% | -50.88% |
Average DrawdownAverage peak-to-trough decline | -52.00% | -25.80% | -26.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.58% | 7.04% | +30.54% |
Volatility
TME vs. HTHT - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 11.99% compared to Huazhu Group Limited (HTHT) at 9.37%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than HTHT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | HTHT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 9.37% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 40.90% | 22.22% | +18.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.06% | 29.80% | +17.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.05% | 50.07% | +9.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 48.97% | +7.74% |
Dividends
TME vs. HTHT - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.65%, less than HTHT's 4.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HTHT Huazhu Group Limited | 4.78% | 3.78% | 1.91% | 2.78% | 0.50% | 0.00% | 0.71% | 0.00% | 1.12% | 0.43% | 0.00% | 2.18% |
TME Tencent Music Entertainment Group | 2.65% | 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. HTHT - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Huazhu Group 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
TME vs. HTHT - 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%.
HTHT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Huazhu Group Limited reported a gross profit of 2.31B and revenue of 5.96B. Therefore, the gross margin over that period was 38.8%.
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%.
HTHT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Huazhu Group Limited reported an operating income of 1.49B and revenue of 5.96B, resulting in an operating margin of 24.9%.
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%.
HTHT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Huazhu Group Limited reported a net income of 812.06M and revenue of 5.96B, resulting in a net margin of 13.6%.
Frequently Asked Questions
TME and HTHT have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TME has higher volatility (11.99%) compared to HTHT (9.37%). In terms of maximum drawdown, TME dropped -90.19% vs HTHT's -64.02%.
HTHT currently has the higher Sharpe Ratio (1.08 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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