TME vs SPY

Comparison between Tencent Music Entertainment Group (TME, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed TME, delivering a return of +13.3% compared to -9.6%

TME vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TME(COMPANY)	SPY(ETF)
Market Cap / Net Assets	$15B	$652B
Expense Ratio	N/A	0.09%
Max Drawdown	90.19%	56.47%
Sharpe Ratio	-0.65	2.07
5Y Beta	0.72	1.00
Industry	Internet Content & Information	N/A
P/E Ratio	12.68	28.24
Forward P/E	9.48	21.85
PEG Ratio	0.82	N/A
Dividend Yield	2.60%	N/A
5Y Dividends CAGR	N/A	5.43%
5Y EPS CAGR	23.90%	25.79%
Debt to Equity	4.75%	22.35%
Free Cash Flow Yield	4.96%	N/A
P/S Ratio	0.46	3.55
P/B Ratio	1.21	5.29

Market Cap / Net Assets

TME

$15B

Winner

SPY

$652B

Expense Ratio

TME

N/A

SPY

0.09%

Max Drawdown

TME

90.19%

Winner

SPY

56.47%

Sharpe Ratio

TME

-0.65

Winner

SPY

2.07

5Y Beta

Winner

TME

0.72

SPY

1.00

Industry

TME

Internet Content & Information

SPY

N/A

P/E Ratio

Winner

TME

12.68

SPY

28.24

Forward P/E

Winner

TME

9.48

SPY

21.85

PEG Ratio

TME

0.82

SPY

N/A

Dividend Yield

TME

2.60%

SPY

N/A

5Y Dividends CAGR

TME

N/A

SPY

5.43%

5Y EPS CAGR

TME

23.90%

Winner

SPY

25.79%

Debt to Equity

Winner

TME

4.75%

SPY

22.35%

Free Cash Flow Yield

TME

4.96%

SPY

N/A

P/S Ratio

Winner

TME

0.46

SPY

3.55

P/B Ratio

Winner

TME

1.21

SPY

5.29

TME vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	TME	SPY
1 month	-1.60%	+9.11%
3 months	-41.72%	+6.59%
6 months	-55.44%	+10.56%
1 year	-33.27%	+32.04%
5 years(CAGR)	-9.61%	+13.35%
10 years(CAGR)	N/A	+15.49%
Max(CAGR)	-4.85%	+8.50%

TME

-1.60%

Winner

SPY

+9.11%

TME

-41.72%

Winner

SPY

+6.59%

TME

-55.44%

Winner

SPY

+10.56%

TME

-33.27%

Winner

SPY

+32.04%

5Y(CAGR)

TME

-9.61%

Winner

SPY

+13.35%

10Y(CAGR)

TME

N/A

SPY

+15.49%

Max(CAGR)

TME

-4.85%

Winner

SPY

+8.50%

TME vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TME	SPY
2026	-46.91%	+8.27%
2025	+56.81%	+18.00%
2024	+31.24%	+25.59%
2023	+4.77%	+26.72%
2022	+20.88%	-18.64%
2021	-64.64%	+30.52%
2020	+53.18%	+17.28%
2019	-9.69%	+31.09%
2018	-5.57%	-5.24%
2017	N/A	+20.78%
2016	N/A	+13.59%
2015	N/A	+1.31%
2014	N/A	+14.56%
2013	N/A	+29.00%
2012	N/A	+14.17%
2011	N/A	+0.85%
2010	N/A	+13.14%
2009	N/A	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

TME vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current TME drawdown is -69.51%.

Rank	TME	SPY
#1	-90.19% Mar 23, 2021 - Mar 14, 2022	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-50.55% Mar 18, 2019 - Dec 30, 2020	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-14.29% Dec 12, 2018 - Jan 18, 2019	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-12.38% Jan 24, 2019 - Feb 12, 2019	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-12.12% Feb 16, 2021 - Mar 18, 2021	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-8.79% Feb 2, 2021 - Feb 16, 2021	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-8.69% Feb 25, 2019 - Mar 18, 2019	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-4.83% Feb 14, 2019 - Feb 19, 2019	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-3.16% Jan 19, 2021 - Jan 22, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-2.24% Jan 25, 2021 - Feb 2, 2021	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-1.67% Jan 6, 2021 - Jan 8, 2021	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-1.63% Feb 20, 2019 - Feb 22, 2019	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-1.44% Jan 12, 2021 - Jan 14, 2021	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-0.87% Feb 12, 2019 - Feb 14, 2019	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-0.33% Jan 8, 2021 - Jan 12, 2021	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between TME and SPY is 0.15 which considered as a very weak or no correlation - the stocks move independently of each other.

0.15

-101

Dividend Comparison (1999 - 2026)

TME vs SPY dividend yield comparison.

Year	TME	SPY
2026	2.60%	0.24%
2025	1.03%	1.07%
2024	1.21%	1.21%
2023	0.00%	1.40%
2022	0.00%	1.65%
2021	0.00%	1.20%
2020	0.00%	1.52%
2019	0.00%	1.75%
2018	0.00%	2.04%
2017	0.00%	1.80%
2016	0.00%	2.03%
2015	0.00%	2.06%
2014	0.00%	1.87%
2013	0.00%	1.81%
2012	0.00%	2.18%
2011	0.00%	2.05%
2010	0.00%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%