TME vs. TCEHY
Compare and contrast key facts about Tencent Music Entertainment Group (TME) and Tencent Holdings Limited (TCEHY).
Performance
TME vs. TCEHY - Performance Comparison
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TME vs. TCEHY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -47.58% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -5.57% |
TCEHY Tencent Holdings Limited | -17.05% | 45.23% | 41.92% | -5.48% | -24.97% | -18.69% | 50.09% | 21.93% | -2.54% |
Fundamentals
TME:
$14.28B
TCEHY:
$589.49B
TME:
$6.92
TCEHY:
$24.17
TME:
1.33
TCEHY:
2.63
TME:
0.03
TCEHY:
0.33
TME:
0.45
TCEHY:
0.79
TME:
0.18
TCEHY:
0.51
TME:
$32.01B
TCEHY:
$748.08B
TME:
$18.24B
TCEHY:
$416.51B
TME:
$13.14B
TCEHY:
$308.68B
Returns By Period
In the year-to-date period, TME achieves a -47.58% return, which is significantly lower than TCEHY's -17.05% return.
TME
- 1D
- -0.97%
- 1M
- -36.31%
- YTD
- -47.58%
- 6M
- -60.25%
- 1Y
- -35.64%
- 3Y*
- 4.28%
- 5Y*
- -14.13%
- 10Y*
- —
TCEHY
- 1D
- 0.44%
- 1M
- -3.13%
- YTD
- -17.05%
- 6M
- -25.96%
- 1Y
- -0.79%
- 3Y*
- 9.99%
- 5Y*
- -3.30%
- 10Y*
- 13.36%
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Return for Risk
TME vs. TCEHY — Risk / Return Rank
TME
TCEHY
TME vs. TCEHY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Tencent Holdings Limited (TCEHY). 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 | TCEHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.71 | -0.03 | -0.68 |
Sortino ratioReturn per unit of downside risk | -0.78 | 0.20 | -0.98 |
Omega ratioGain probability vs. loss probability | 0.88 | 1.02 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | -0.54 | 0.01 | -0.56 |
Martin ratioReturn relative to average drawdown | -1.36 | 0.03 | -1.39 |
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 | TCEHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.71 | -0.03 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.24 | -0.08 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.67 | -0.76 |
Correlation
The correlation between TME and TCEHY is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
TME vs. TCEHY - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 1.96%, more than TCEHY's 0.91% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | 1.96% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TCEHY Tencent Holdings Limited | 0.91% | 0.76% | 0.82% | 6.67% | 4.15% | 0.35% | 0.19% | 0.23% | 0.26% | 0.29% | 0.51% | 0.21% |
Drawdowns
TME vs. TCEHY - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than TCEHY's maximum drawdown of -73.17%. Use the drawdown chart below to compare losses from any high point for TME and TCEHY.
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Drawdown Indicators
| TME | TCEHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -73.17% | -17.02% |
Max Drawdown (1Y)Largest decline over 1 year | -65.14% | -30.12% | -35.02% |
Max Drawdown (5Y)Largest decline over 5 years | -84.52% | -68.59% | -15.93% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.17% | — |
Current DrawdownCurrent decline from peak | -70.46% | -28.48% | -41.98% |
Average DrawdownAverage peak-to-trough decline | -51.56% | -19.54% | -32.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 26.03% | 11.14% | +14.89% |
Volatility
TME vs. TCEHY - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 31.28% compared to Tencent Holdings Limited (TCEHY) at 15.02%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than TCEHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | TCEHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 31.28% | 15.02% | +16.26% |
Volatility (6M)Calculated over the trailing 6-month period | 40.64% | 22.50% | +18.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 50.54% | 31.74% | +18.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.27% | 43.18% | +17.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 57.07% | 38.70% | +18.37% |
Financials
TME vs. TCEHY - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Tencent Holdings 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. TCEHY - Profitability Comparison
TME - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported a gross profit of 7.57B and revenue of 7.74B. Therefore, the gross margin over that period was 97.7%.
TCEHY - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a gross profit of 106.79B and revenue of 191.69B. Therefore, the gross margin over that period was 55.7%.
TME - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported an operating income of 2.62B and revenue of 7.74B, resulting in an operating margin of 33.8%.
TCEHY - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported an operating income of 58.21B and revenue of 191.69B, resulting in an operating margin of 30.4%.
TME - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Music Entertainment Group reported a net income of 1.90B and revenue of 7.74B, resulting in a net margin of 24.6%.
TCEHY - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Tencent Holdings Limited reported a net income of 57.46B and revenue of 191.69B, resulting in a net margin of 30.0%.