TME vs. NBIX
TME (Tencent Music Entertainment Group) and NBIX (Neurocrine Biosciences, Inc.) are both stocks. TME operates in Internet Content & Information (Communication Services), while NBIX operates in Drug Manufacturers - Specialty & Generic (Healthcare). Over the past 5 years, TME returned -1.27%/yr vs 12.34%/yr for NBIX. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
TME vs. NBIX - Performance Comparison
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Returns By Period
In the year-to-date period, TME achieves a -44.65% return, which is significantly lower than NBIX's 17.61% return.
TME
- 1D
- -0.32%
- 1M
- 9.12%
- 6M
- -42.17%
- YTD
- -44.65%
- 1Y
- -53.77%
- 3Y*
- 14.01%
- 5Y*
- -1.27%
- 10Y*
- —
- ALL TIME*
- -4.51%
NBIX
- 1D
- -10.08%
- 1M
- -0.58%
- 6M
- 22.59%
- YTD
- 17.61%
- 1Y
- 30.08%
- 3Y*
- 17.27%
- 5Y*
- 12.34%
- 10Y*
- 12.71%
- ALL TIME*
- 9.11%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $278.93M | $232.17M | $211.02M | |
| $57.80M | $53.31M | $88.19M |
TME vs. NBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -44.65% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -6.24% |
NBIX Neurocrine Biosciences, Inc. | 17.61% | 3.90% | 3.60% | 10.31% | 40.24% | -11.14% | -10.83% | 50.53% | -16.73% |
Correlation
The correlation between TME and NBIX is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.05 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.16 |
The correlation between TME and NBIX shifts across timeframes, from -0.01 (1 year) to 0.16 (all time), reflecting how their relationship changes across market environments.
Fundamentals
TME:
$14.52B
NBIX:
$16.77B
TME:
CN¥5.49
NBIX:
$6.84
TME:
11.62
NBIX:
24.39
TME:
0.29
NBIX:
0.48
TME:
3.06
NBIX:
5.10
TME:
1.34
NBIX:
4.35
TME:
CN¥32.50B
NBIX:
$3.37B
TME:
CN¥18.52B
NBIX:
$3.31B
TME:
CN¥13.20B
NBIX:
$940.50M
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Return for Risk
TME vs. NBIX — Risk / Return Rank
TME
NBIX
TME vs. NBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Neurocrine Biosciences, Inc. (NBIX). 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 | NBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.08 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.19 | -0.44 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 1.45 | -2.24 |
| Martin ratioReturn relative to average drawdown | -1.19 | 3.18 | -4.37 |
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Drawdowns
TME vs. NBIX - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, smaller than the maximum NBIX drawdown of -97.21%. Use the drawdown chart below to compare losses from any high point for TME and NBIX.
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Drawdown Indicators
| TME | NBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -97.21% | +7.02% |
Max Drawdown (1Y)Largest decline over 1 year | -68.21% | -20.90% | -47.31% |
Max Drawdown (3Y)Largest decline over 3 years | -68.21% | -42.89% | -25.32% |
Max Drawdown (5Y)Largest decline over 5 years | -71.32% | -42.89% | -28.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.39% | — |
Current DrawdownCurrent decline from peak | -68.81% | -10.08% | -58.73% |
Average DrawdownAverage peak-to-trough decline | -52.34% | -43.66% | -8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.17% | 9.47% | +35.70% |
Volatility
TME vs. NBIX - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 9.18%, while Neurocrine Biosciences, Inc. (NBIX) has a volatility of 14.12%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than NBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | NBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 14.12% | -4.94% |
Volatility (6M)Calculated over the trailing 6-month period | 40.78% | 26.01% | +14.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.89% | 33.74% | +13.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.67% | 33.17% | +26.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 39.18% | +17.14% |
Dividends
TME vs. NBIX - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.54%, while NBIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
NBIX Neurocrine Biosciences, Inc. | 0.00% | 0.00% | 0.00% |
TME Tencent Music Entertainment Group | 2.54% | 1.03% | 1.21% |
Financials
TME vs. NBIX - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Neurocrine Biosciences, 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. NBIX - Profitability Comparison
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
NBIX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Neurocrine Biosciences, Inc. reported a gross profit of 935.80M and revenue of 959.00M. Therefore, the gross margin over that period was 97.6%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
NBIX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Neurocrine Biosciences, Inc. reported an operating income of 151.50M and revenue of 959.00M, resulting in an operating margin of 15.8%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
NBIX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Neurocrine Biosciences, Inc. reported a net income of 144.40M and revenue of 959.00M, resulting in a net margin of 15.1%.
Frequently Asked Questions
TME and NBIX have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NBIX has higher volatility (14.12%) compared to TME (9.18%). In terms of maximum drawdown, TME dropped -90.19% vs NBIX's -97.21%.
NBIX currently has the higher Sharpe Ratio (0.91 vs -1.15), 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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