TME vs. MCHI

In the year-to-date period, TME achieves a 76.56% return, which is significantly higher than MCHI's 17.71% return.

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This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and iShares MSCI China ETF (MCHI). 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.

The current TME Sharpe Ratio is 0.68, which is comparable to the MCHI Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of TME and MCHI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

The correlation between TME and MCHI is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

TME's dividend yield for the trailing twelve months is around 0.90%, less than MCHI's 2.61% yield.

The maximum TME drawdown since its inception was -90.19%, which is greater than MCHI's maximum drawdown of -62.84%. Use the drawdown chart below to compare losses from any high point for TME and MCHI.

Tencent Music Entertainment Group (TME) has a higher volatility of 8.06% compared to iShares MSCI China ETF (MCHI) at 4.45%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than MCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.