TME vs. VOO
TME (Tencent Music Entertainment Group) is a stock, while VOO (Vanguard S&P 500 ETF) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, TME returned -11.48%/yr vs 13.02%/yr for VOO. At a 0.34 correlation, their price movements are largely independent.
Performance
TME vs. VOO - Performance Comparison
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Returns By Period
In the year-to-date period, TME achieves a -52.09% return, which is significantly lower than VOO's 8.08% return.
TME
- 1D
- -0.24%
- 1M
- -7.15%
- YTD
- -52.09%
- 6M
- -52.33%
- 1Y
- -55.23%
- 3Y*
- 4.83%
- 5Y*
- -11.48%
- 10Y*
- —
VOO
- 1D
- -0.10%
- 1M
- -1.44%
- YTD
- 8.08%
- 6M
- 6.78%
- 1Y
- 22.23%
- 3Y*
- 20.75%
- 5Y*
- 13.02%
- 10Y*
- 15.60%
TME vs. VOO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | -52.09% | 56.39% | 27.12% | 8.82% | 20.88% | -64.40% | 63.88% | -11.20% | -6.24% |
VOO Vanguard S&P 500 ETF | 8.08% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.77% |
Correlation
The correlation between TME and VOO is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2018 | 0.34 |
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Return for Risk
TME vs. VOO — Risk / Return Rank
TME
VOO
TME vs. VOO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tencent Music Entertainment Group (TME) and Vanguard S&P 500 ETF (VOO). 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 | VOO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.98 | ||
| Sortino ratioReturn per unit of downside risk | -4.24 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.33 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | -0.81 | 2.51 | -3.32 |
| Martin ratioReturn relative to average drawdown | -1.38 | 11.16 | -12.54 |
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Drawdowns
TME vs. VOO - Drawdown Comparison
The maximum TME drawdown since its inception was -90.19%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for TME and VOO.
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Drawdown Indicators
| TME | VOO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.19% | -33.99% | -56.20% |
Max Drawdown (1Y)Largest decline over 1 year | -68.14% | -8.90% | -59.24% |
Max Drawdown (3Y)Largest decline over 3 years | -68.14% | -18.69% | -49.45% |
Max Drawdown (5Y)Largest decline over 5 years | -80.33% | -24.52% | -55.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.99% | — |
Current DrawdownCurrent decline from peak | -73.00% | -3.23% | -69.77% |
Average DrawdownAverage peak-to-trough decline | -52.09% | -3.68% | -48.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 40.01% | 2.00% | +38.01% |
Volatility
TME vs. VOO - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 10.15% compared to Vanguard S&P 500 ETF (VOO) at 4.80%. This indicates that TME's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TME | VOO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.15% | 4.80% | +5.35% |
Volatility (6M)Calculated over the trailing 6-month period | 41.26% | 9.79% | +31.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.92% | 12.43% | +34.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.08% | 16.91% | +43.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.58% | 18.02% | +38.56% |
Dividends
TME vs. VOO - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 2.93%, more than VOO's 1.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | 2.93% | 1.03% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.05% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
Frequently Asked Questions
TME and VOO have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TME has higher volatility (10.15%) compared to VOO (4.80%). In terms of maximum drawdown, TME dropped -90.19% vs VOO's -33.99%.
VOO currently has the higher Sharpe Ratio (1.80 vs -1.18), 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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