TME vs. LI
TME (Tencent Music Entertainment Group) and LI (Li Auto Inc.) are both stocks. TME operates in Internet Content & Information (Communication Services), while LI operates in Auto Manufacturers (Consumer Cyclical). Over the past 5 years, TME returned -9.38%/yr vs -11.93%/yr for LI. At a 0.41 correlation, their price movements are largely independent.
Performance
TME vs. LI - 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 LI's -14.18% return.
TME
- 1D
- -0.11%
- 1M
- -1.84%
- YTD
- -46.87%
- 6M
- -49.90%
- 1Y
- -48.14%
- 3Y*
- 6.95%
- 5Y*
- -9.38%
- 10Y*
- —
LI
- 1D
- 2.32%
- 1M
- -19.28%
- YTD
- -14.18%
- 6M
- -19.05%
- 1Y
- -50.78%
- 3Y*
- -22.96%
- 5Y*
- -11.93%
- 10Y*
- —
TME vs. LI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -46.87% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 21.62% |
LI Li Auto Inc. | -14.18% | -29.43% | -35.91% | 83.48% | -36.45% | 11.34% | 75.15% |
Correlation
The correlation between TME and LI is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.41 |
The correlation between TME and LI shifts across timeframes, from 0.27 (1 year) to 0.46 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TME:
$14.11B
LI:
$14.73B
TME:
$5.49
LI:
-$1.74
TME:
0.43
LI:
0.14
TME:
0.19
LI:
0.21
TME:
$32.50B
LI:
$108.98B
TME:
$18.52B
LI:
$17.42B
TME:
$13.20B
LI:
-$2.83B
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Return for Risk
TME vs. LI — Risk / Return Rank
TME
LI
TME vs. LI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Li Auto Inc. (LI). 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 | LI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.77 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | -0.92 | +0.20 |
| Martin ratioReturn relative to average drawdown | -1.28 | -1.38 | +0.10 |
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 | LI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.03 | -1.27 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.16 | -0.19 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | -0.03 | -0.06 |
Drawdowns
TME vs. LI - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than LI's maximum drawdown of -69.56%. Use the drawdown chart below to compare losses from any high point for TME and LI.
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Drawdown Indicators
| TME | LI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -69.56% | -20.63% |
Max Drawdown (1Y)Largest decline over 1 year | -67.01% | -55.35% | -11.66% |
Max Drawdown (3Y)Largest decline over 3 years | -67.01% | -69.56% | +2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -80.52% | -69.56% | -10.96% |
Current DrawdownCurrent decline from peak | -70.06% | -68.85% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -52.00% | -39.88% | -12.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 37.58% | 36.80% | +0.78% |
Volatility
TME vs. LI - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 11.99%, while Li Auto Inc. (LI) has a volatility of 17.56%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than LI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | LI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.99% | 17.56% | -5.57% |
Volatility (6M)Calculated over the trailing 6-month period | 40.90% | 28.48% | +12.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.06% | 40.22% | +6.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.05% | 63.55% | -3.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.71% | 68.35% | -11.64% |
Dividends
TME vs. LI - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.65%, while LI has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
LI Li Auto Inc. | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.65% | 1.03% | 1.21% |
Financials
TME vs. LI - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Li Auto 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. LI - 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%.
LI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a gross profit of 1.80B and revenue of 22.84B. Therefore, the gross margin over that period was 7.9%.
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%.
LI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported an operating income of -2.95B and revenue of 22.84B, resulting in an operating margin of -12.9%.
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%.
LI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Li Auto Inc. reported a net income of -2.28B and revenue of 22.84B, resulting in a net margin of -10.0%.
Frequently Asked Questions
TME and LI have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LI has higher volatility (17.56%) compared to TME (11.99%). In terms of maximum drawdown, TME dropped -90.19% vs LI's -69.56%.
TME currently has the higher Sharpe Ratio (-1.03 vs -1.27), 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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