TME vs. TFPM
TME (Tencent Music Entertainment Group) and TFPM (Triple Flag Precious Metals Corp) are both stocks. TME operates in Internet Content & Information (Communication Services), while TFPM operates in Other Precious Metals & Mining (Basic Materials). Over the past 3 years, TME returned 14.01%/yr vs 31.23%/yr for TFPM. Their 0.16 correlation means their historical movements had little consistent relationship.
Performance
TME vs. TFPM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TME achieves a -44.65% return, which is significantly lower than TFPM's -13.12% 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%
TFPM
- 1D
- -2.94%
- 1M
- -4.67%
- 6M
- -14.41%
- YTD
- -13.12%
- 1Y
- 26.96%
- 3Y*
- 31.23%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 28.16%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $11.84M | $15.21M | $19.66M | |
| $57.80M | $53.31M | $88.19M |
TME vs. TFPM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -44.65% | 56.39% | 27.12% | 8.82% | 20.88% | -2.28% |
TFPM Triple Flag Precious Metals Corp | -13.12% | 123.03% | 14.60% | -1.81% | 14.71% | 32.61% |
Correlation
The correlation between TME and TFPM is 0.11, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.11 |
Correlation (3Y) Balances recent behavior with more history. | 0.15 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 2021 | 0.16 |
Fundamentals
TME:
$14.52B
TFPM:
$5.94B
TME:
CN¥5.49
TFPM:
$1.50
TME:
11.62
TFPM:
19.15
TME:
0.29
TFPM:
0.15
TME:
3.06
TFPM:
13.14
TME:
1.34
TFPM:
2.77
TME:
CN¥32.50B
TFPM:
$453.24M
TME:
CN¥18.52B
TFPM:
$337.23M
TME:
CN¥13.20B
TFPM:
$354.95M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TME vs. TFPM — Risk / Return Rank
TME
TFPM
TME vs. TFPM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Triple Flag Precious Metals Corp (TFPM). 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 | TFPM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.75 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.75 | 1.13 | -0.38 |
| Calmar ratioReturn relative to maximum drawdown | -0.79 | 0.78 | -1.57 |
| Martin ratioReturn relative to average drawdown | -1.19 | 1.68 | -2.87 |
Loading charts...
Drawdowns
TME vs. TFPM - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than TFPM's maximum drawdown of -36.48%. Use the drawdown chart below to compare losses from any high point for TME and TFPM.
Loading charts...
Drawdown Indicators
| TME | TFPM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -36.48% | -53.71% |
Max Drawdown (1Y)Largest decline over 1 year | -68.21% | -34.87% | -33.34% |
Max Drawdown (3Y)Largest decline over 3 years | -68.21% | -34.87% | -33.34% |
Max Drawdown (5Y)Largest decline over 5 years | -71.32% | — | — |
Current DrawdownCurrent decline from peak | -68.81% | -30.22% | -38.59% |
Average DrawdownAverage peak-to-trough decline | -52.34% | -13.87% | -38.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.17% | 16.10% | +29.07% |
Volatility
TME vs. TFPM - Volatility Comparison
The current volatility for Tencent Music Entertainment Group (TME) is 9.18%, while Triple Flag Precious Metals Corp (TFPM) has a volatility of 12.21%. This indicates that TME experiences smaller price fluctuations and is considered to be less risky than TFPM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TME | TFPM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.18% | 12.21% | -3.03% |
Volatility (6M)Calculated over the trailing 6-month period | 40.78% | 34.93% | +5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.89% | 44.88% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 59.67% | 37.61% | +22.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.32% | 37.61% | +18.71% |
Dividends
TME vs. TFPM - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.54%, more than TFPM's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
TFPM Triple Flag Precious Metals Corp | 0.80% | 0.68% | 1.43% | 1.54% | 1.07% | 0.39% |
TME Tencent Music Entertainment Group | 2.54% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% |
Financials
TME vs. TFPM - Financials Comparison
This section allows you to compare key financial metrics between Tencent Music Entertainment Group and Triple Flag Precious Metals Corp. 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. TFPM - 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%.
TFPM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Triple Flag Precious Metals Corp reported a gross profit of 104.35M and revenue of 144.96M. Therefore, the gross margin over that period was 72.0%.
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%.
TFPM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Triple Flag Precious Metals Corp reported an operating income of 97.00M and revenue of 144.96M, resulting in an operating margin of 66.9%.
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%.
TFPM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Triple Flag Precious Metals Corp reported a net income of 115.31M and revenue of 144.96M, resulting in a net margin of 79.6%.
Frequently Asked Questions
TME and TFPM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TFPM has higher volatility (12.21%) compared to TME (9.18%). In terms of maximum drawdown, TME dropped -90.19% vs TFPM's -36.48%.
TFPM currently has the higher Sharpe Ratio (0.60 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.
Find the right allocation for TME and TFPM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer