TME vs. SPY
Compare and contrast key facts about Tencent Music Entertainment Group (TME) and SPDR S&P 500 ETF (SPY).
SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TME or SPY.
Correlation
The correlation between TME and SPY 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.
Performance
TME vs. SPY - Performance Comparison
Key characteristics
TME:
0.50
SPY:
2.20
TME:
1.08
SPY:
2.91
TME:
1.13
SPY:
1.41
TME:
0.34
SPY:
3.35
TME:
1.37
SPY:
13.99
TME:
18.17%
SPY:
2.01%
TME:
49.43%
SPY:
12.79%
TME:
-90.19%
SPY:
-55.19%
TME:
-65.78%
SPY:
-1.35%
Returns By Period
In the year-to-date period, TME achieves a -5.02% return, which is significantly lower than SPY's 1.96% return.
TME
-5.02%
-8.41%
-24.40%
24.32%
-5.04%
N/A
SPY
1.96%
2.27%
9.55%
27.02%
14.23%
13.44%
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Risk-Adjusted Performance
TME vs. SPY — Risk-Adjusted Performance Rank
TME
SPY
TME vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and SPDR S&P 500 ETF (SPY). 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.
Dividends
TME vs. SPY - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 1.27%, more than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | 1.27% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
TME vs. SPY - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for TME and SPY. For additional features, visit the drawdowns tool.
Volatility
TME vs. SPY - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 9.37% compared to SPDR S&P 500 ETF (SPY) at 5.10%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.