TME vs SOLV
Comparison between Tencent Music Entertainment Group (TME, Company) and Solventum Corp (SOLV, Company).
TME is from the Communication Services sector, while SOLV is from the Healthcare sector.
TME vs SOLV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
TME vs SOLV - Historical Returns
Returns include dividend reinvestment.
TME vs SOLV - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | TME | SOLV |
|---|---|---|
| 2026 | -44.90% | +5.11% |
| 2025 | +56.81% | +20.19% |
| 2024 | +31.24% | -17.43% |
| 2023 | +4.77% | N/A |
| 2022 | +20.88% | N/A |
| 2021 | -64.64% | N/A |
| 2020 | +53.18% | N/A |
| 2019 | -9.69% | N/A |
| 2018 | -5.57% | N/A |
TME vs SOLV Drawdown Comparison
The maximum drawdown for TME was -90.19%, occurring on Mar 14, 2022. This drawdown has not yet recovered.
The maximum drawdown for SOLV was -39.97%, occurring on Jul 9, 2024. Recovery took 229 trading sessions.
The current TME drawdown is -68.36%. The current SOLV drawdown is -6.20%.
| Rank | TME | SOLV |
|---|---|---|
| #1 | -90.19% Mar 23, 2021 - Mar 14, 2022 | -39.97% Mar 26, 2024 - Feb 25, 2025 |
| #2 | -50.55% Mar 18, 2019 - Dec 30, 2020 | -27.46% Jan 9, 2026 - Jul 28, 2026 |
| #3 | -14.29% Dec 12, 2018 - Jan 18, 2019 | -25.02% Feb 26, 2025 - Nov 25, 2025 |
| #4 | -12.38% Jan 24, 2019 - Feb 12, 2019 | -7.87% Nov 25, 2025 - Jan 9, 2026 |
| #5 | -12.12% Feb 16, 2021 - Mar 18, 2021 | -6.20% Jul 29, 2026 - Aug 6, 2026 |
| #6 | -8.79% Feb 2, 2021 - Feb 16, 2021 | N/A |
| #7 | -8.69% Feb 25, 2019 - Mar 18, 2019 | N/A |
| #8 | -4.83% Feb 14, 2019 - Feb 19, 2019 | N/A |
| #9 | -3.16% Jan 19, 2021 - Jan 22, 2021 | N/A |
| #10 | -2.24% Jan 25, 2021 - Feb 2, 2021 | N/A |
| #11 | -1.67% Jan 6, 2021 - Jan 8, 2021 | N/A |
| #12 | -1.63% Feb 20, 2019 - Feb 22, 2019 | N/A |
| #13 | -1.44% Jan 12, 2021 - Jan 14, 2021 | N/A |
| #14 | -0.87% Feb 12, 2019 - Feb 14, 2019 | N/A |
| #15 | -0.33% Jan 8, 2021 - Jan 12, 2021 | N/A |
Correlation
Correlation between TME and SOLV is 0.08 which considered as a very weak or no correlation - the stocks move independently of each other.
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