TME vs. VOO
Compare and contrast key facts about Tencent Music Entertainment Group (TME) and Vanguard S&P 500 ETF (VOO).
VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TME or VOO.
Correlation
The correlation between TME and VOO is 0.33, 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. VOO - Performance Comparison
Key characteristics
TME:
0.91
VOO:
1.76
TME:
1.61
VOO:
2.37
TME:
1.20
VOO:
1.32
TME:
0.66
VOO:
2.66
TME:
2.41
VOO:
11.10
TME:
19.22%
VOO:
2.02%
TME:
51.10%
VOO:
12.79%
TME:
-90.19%
VOO:
-33.99%
TME:
-54.35%
VOO:
-2.11%
Returns By Period
In the year-to-date period, TME achieves a 26.70% return, which is significantly higher than VOO's 2.40% return.
TME
26.70%
28.97%
40.43%
41.02%
2.64%
N/A
VOO
2.40%
-1.05%
7.47%
19.81%
14.27%
13.03%
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Risk-Adjusted Performance
TME vs. VOO — Risk-Adjusted Performance Rank
TME
VOO
TME vs. VOO - Risk-Adjusted Performance 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.
Dividends
TME vs. VOO - Dividend Comparison
TME's dividend yield for the trailing twelve months is around 0.95%, less than VOO's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TME Tencent Music Entertainment Group | 0.95% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOO Vanguard S&P 500 ETF | 1.22% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
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. For additional features, visit the drawdowns tool.
Volatility
TME vs. VOO - Volatility Comparison
Tencent Music Entertainment Group (TME) has a higher volatility of 16.50% compared to Vanguard S&P 500 ETF (VOO) at 3.38%. 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.