Tencent Music Entertainment Group - ADR vs ProShares UltraPro QQQ ETF — how do they compare? Tencent Music Entertainment Group - ADR trades at $9.16 (market cap $15.08B), while ProShares UltraPro QQQ ETF trades at $70.98. The key difference: Tencent Music Entertainment Group - ADR pays a 2.62% dividend while ProShares UltraPro QQQ ETF pays none, and ProShares UltraPro QQQ ETF is trading nearer its 52-week high, Tencent Music Entertainment Group - ADR nearer its low. Which is the better fit depends on your goals.
| TME | TQQQ | |
|---|---|---|
Market Cap | $15.08B | — |
Sector | Media | Leveraged / Inverse |
52-Week High | $26.36 | $87.22 |
52-Week Low | $8.16 | $37.89 |
Enterprise Value | $11.85B | — |
Dividend Yield | 2.62% | — |
Trailing returns across standard periods
TME is the largest online music service provider in China. It was founded in 2016 with the business combination of QQ Music (founded in 2005), Kuwo Music (founded in 2005) and Kugou Music (founded in 2004) streaming platforms. Tencent is the largest shareholder of TME with over 50% shares and over 90% voting rights held. TME also provides social entertainment services, including music live audio/video broadcasts and online concert services through the three platforms mentioned above, and online karaoke through an independent platform WeSing.
Read more on TME →TQQQ is a leveraged ETF that seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the Nasdaq-100 Index. It is one of the most liquid and actively traded instruments in the market, designed for sophisticated traders to amplify short-term bullish exposure to large-cap non-financial growth stocks, predominantly in the technology and communication sectors.
Read more on TQQQ →