Tencent Music Entertainment Group - ADR vs Consumer Staples Select Sector SPDR Fund — how do they compare? Tencent Music Entertainment Group - ADR trades at $9.16 (market cap $15.08B), while Consumer Staples Select Sector SPDR Fund trades at $83.97. The key difference: Tencent Music Entertainment Group - ADR pays a 2.62% dividend while Consumer Staples Select Sector SPDR Fund pays none, and Consumer Staples Select Sector SPDR Fund 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 | XLP | |
|---|---|---|
Market Cap | $15.08B | — |
Sector | Media | — |
52-Week High | $26.36 | $90.00 |
52-Week Low | $8.16 | $75.61 |
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 →In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies that have been identified as Consumer Staples companies by the GICS®. It is non-diversified.
Read more on XLP →