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Relative Intelligence · Entertainment

How NetEase (NTES) compares with the whole market and its popular alternatives

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on NTES alone. It places NTES (NetEase, Inc.) against 14 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where NTES stands in the market, and of the alternatives worth a closer look.

Period covered: NTES's full trading record, from June 2000 through September 2026. The crash tests reach back to 2000 using older funds and the S&P 500. All returns include reinvested dividends. Data as of October 20, 2026.

Data as of October 20, 2026. Full tables and charts read best on a larger screen.

Rank the market against NTES →Chart NTES vs. 14 alternatives →
On this page12 sections

Key findings

How much would $10,000 in NTES have grown?

This chart tracks a hypothetical $10,000 investment in NTES over the past 21 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of NTES over the same span and NTES's popular alternatives, among those that traded for the entire period. A second view covers the past 5 years, the period the better options further down the page are judged on. It shows not only where each investment ended up but also how smooth or uneven the path was.

Note: The chart covers the past 21 years rather than NTES's full 26 years, because most of its popular alternatives have not traded that long.

Choose a period

From the end of September 2005 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 65 of the 1,562 stocks and funds worth at least $500 million that traded the whole period ended ahead of NTES; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$1,000$10,000$100,000$1M200520092013201720212025$1,000$10,000$100,000$1M20052010201520202025
  • AAPL$2M+20,713% total · +28.9% a year
  • APH$802,857+7,929% total · +23.2% a year
  • PWR$513,489+5,035% total · +20.6% a year
  • GOOG$436,286+4,263% total · +19.7% a year
  • LLY$390,765+3,808% total · +19.1% a year
  • NTES$350,174+3,402% total · +18.5% a year
  • TTWO$93,937+839% total · +11.3% a year
  • SPY (S&P 500)$90,973+810% total · +11.1% a year
  • SONY$41,575+316% total · +7.0% a year
  • GRVY$20,265+103% total · +3.4% a year
Change the dates or add tickers to this chart in EasyCompare

From the end of September 2021 to the end of September 2026. The scale is logarithmic, so equal steps up the chart are equal percentage gains. Hover over a fund in the key to pick out its line. 1,412 of the 3,628 stocks and funds worth at least $500 million that traded the whole period ended ahead of NTES; the chart shows 5, closest alternatives first. The other 3 lines are popular alternatives, shown for context.

$2,000$5,000$10,000$20,000$50,000202120222023202420252026$2,000$5,000$10,000$20,000$50,000202120222023202420252026
  • LLY$52,411+424% total · +39.3% a year
  • GOOG$25,811+158% total · +20.9% a year
  • META$21,571+116% total · +16.6% a year
  • SPY (S&P 500)$19,000+90.0% total · +13.7% a year
  • FOXA$16,544+65.4% total · +10.6% a year
  • T$16,172+61.7% total · +10.1% a year
  • NTES$15,824+58.2% total · +9.6% a year
  • TTWO$13,468+34.7% total · +6.1% a year
  • SONY$10,955+9.5% total · +1.8% a year
  • U$3,242−67.6% total · −20.2% a year
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NTES at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout. These figures serve as the baseline for every comparison that follows.

The company

Market value
$80B
Industry
Electronic Gaming & Multimedia
Price history from
June 2000

Returns

Past 1 year
−16.2%total return
Past 3 years
+34.1%+10.3% a year
Past 5 years
+37.6%+6.6% a year
Past 10 years
+184%+11.0% a year
Best calendar year
+1,689%2002
Worst calendar year
−79.1%2001
Losing years
6 of 25full calendar years

Risk

Volatility
41.9%typical yearly swing, 5 years
Sharpe ratio
0.36return per unit of risk, 5 years
Worst decline ever
−96.4%Jul 2000 to Jul 2001
From its all-time high
−19.6%below the peak

NTES against the whole market

Where NTES ranks among every stock and fund, and what across the market has done better.

How does NTES rank among all stocks?

This section ranks NTES on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history. Where the comparisons with its popular alternatives show how NTES stacks up against its peers, these rankings show where it stands in the market as a whole.

Ranked against U.S.-listed stocks worth at least $300M that have enough history for each measure, so the count changes from row to row; smaller stocks are left out. Lower volatility and smaller declines rank higher.

MeasureNTESRankStanding
1-year return−16.2%2,539 of 3,287bottom 24%
3-year return+34.1%1,784 of 3,017bottom 42%
5-year return+37.6%1,245 of 2,893top 43%
10-year return+184%936 of 2,202top 43%
Volatility, 5 years41.9%1,549 of 2,893bottom 47%
Sharpe ratio, 5 years0.361,364 of 2,893top 47%
Worst decline, past 10 years−57.4%774 of 2,187top 35%

What has beaten NTES on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer). NTES sits where the dashed lines cross. Anything in the green box above and to the left earned more than NTES with smaller swings, a better trade-off over this period on both counts. Past results are no promise, but a name in the box is worth a closer look.

Annual return is the annualized total return with dividends reinvested, and volatility the annualized swing in daily prices, both over 5 years. Labeled dots are the strongest picks from the table below and the names called out above, colored by how close they sit to NTES; faint dots are 93 more of the 1,158 in the green region (the strongest, one per fund family). 3,633 stocks and funds worth at least $500 million were screened. Hover over a dot for its figures.

5.0%10.0%15.0%20.0%25.0%30.0%35.0%40.0%45.0%50.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NTESAAPL: +18.5% a year, volatility 28.0%MSFT: +12.5% a year, volatility 28.2%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%IBM: +16.6% a year, volatility 30.5%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%SMFG: +33.7% a year, volatility 29.4%BHP: +16.6% a year, volatility 31.4%ADI: +19.5% a year, volatility 34.1%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%VRTX: +22.6% a year, volatility 29.1%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%NPK: +16.3% a year, volatility 27.3%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%HLT: +21.0% a year, volatility 26.8%MNST: +17.2% a year, volatility 24.9%SMH: +33.4% a year, volatility 36.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%CTAS: +16.5% a year, volatility 23.1%CME: +11.2% a year, volatility 20.8%JCI: +17.4% a year, volatility 29.1%RSG: +13.9% a year, volatility 18.5%ADP: +9.0% a year, volatility 22.9%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%ROST: +18.1% a year, volatility 29.5%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%WM: +9.3% a year, volatility 19.2%EMR: +12.7% a year, volatility 27.7%GSK: +9.5% a year, volatility 24.5%ESLT: +39.8% a year, volatility 34.6%NGG: +11.8% a year, volatility 22.6%FJAN: +11.1% a year, volatility 10.5%EME: +43.0% a year, volatility 35.3%CDNS: +14.8% a year, volatility 37.2%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%AEP: +12.4% a year, volatility 20.2%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%CSX: +8.3% a year, volatility 23.3%SCHG: +13.1% a year, volatility 22.4%AME: +14.4% a year, volatility 22.1%RACE: +13.3% a year, volatility 30.0%DYNF: +14.7% a year, volatility 17.5%AJG: +10.9% a year, volatility 24.2%VBR: +8.2% a year, volatility 19.4%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%KEYS: +13.9% a year, volatility 34.5%NTES: +6.6% a year, volatility 41.9%SPY (S&P 500): +12.7% a year, volatility 17.1%SONY: +2.9% a year, volatility 29.2%GOOG: +19.0% a year, volatility 32.0%T: +9.8% a year, volatility 25.2%CHT: +7.7% a year, volatility 13.3%FOXA: +10.4% a year, volatility 28.7%META: +15.5% a year, volatility 45.4%NWS: +7.5% a year, volatility 28.0%LLY: +40.7% a year, volatility 32.8%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%GLD: +17.7% a year, volatility 18.9%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%PANW: +31.9% a year, volatility 43.4%VO: +6.8% a year, volatility 17.6%PBR-A: +51.8% a year, volatility 37.5%TKO: +26.3% a year, volatility 32.7%NTESSPY (S&P 500)SONYGOOGTCHTFOXAMETANWSLLYMRKAMGNGLDRYCAHPANWVOPBR-ATKO0.0%10.0%20.0%30.0%40.0%50.0%0.0%10.0%20.0%30.0%40.0%50.0%60.0%Volatility over 5 years (annualized)Annual return over 5 yearsMore return, less volatility than NTESAAPL: +18.5% a year, volatility 28.0%MSFT: +12.5% a year, volatility 28.2%VTI: +11.5% a year, volatility 17.5%VOO: +12.8% a year, volatility 16.9%WMT: +20.8% a year, volatility 22.6%BRK-B: +13.4% a year, volatility 17.1%JPM: +17.3% a year, volatility 24.3%ABBV: +26.1% a year, volatility 23.4%JNJ: +12.7% a year, volatility 17.9%V: +12.8% a year, volatility 22.9%DXJ: +26.6% a year, volatility 19.1%LVHI: +17.0% a year, volatility 11.1%KO: +14.7% a year, volatility 16.8%COST: +17.4% a year, volatility 22.9%VXUS: +8.2% a year, volatility 16.4%QQQ: +14.5% a year, volatility 23.0%MA: +12.4% a year, volatility 23.8%PM: +21.0% a year, volatility 23.4%CSCO: +16.8% a year, volatility 26.1%MCK: +38.7% a year, volatility 25.0%NVS: +17.1% a year, volatility 20.7%APH: +33.8% a year, volatility 32.2%VTV: +12.1% a year, volatility 13.7%RTX: +18.6% a year, volatility 24.3%GILD: +22.8% a year, volatility 24.9%VEA: +9.3% a year, volatility 16.9%TD: +15.8% a year, volatility 20.0%MFG: +33.6% a year, volatility 30.6%TJX: +19.9% a year, volatility 22.3%IBM: +16.6% a year, volatility 30.5%LIN: +11.5% a year, volatility 20.9%VGT: +18.4% a year, volatility 26.0%SMFG: +33.7% a year, volatility 29.4%BHP: +16.6% a year, volatility 31.4%ADI: +19.5% a year, volatility 34.1%PGR: +21.3% a year, volatility 25.6%CB: +15.7% a year, volatility 20.4%PWR: +39.3% a year, volatility 37.2%VRTX: +22.6% a year, volatility 29.1%ETN: +20.4% a year, volatility 32.1%BNY: +22.7% a year, volatility 24.4%CM: +19.2% a year, volatility 21.6%NPK: +16.3% a year, volatility 27.3%DE: +14.4% a year, volatility 29.9%VIG: +10.4% a year, volatility 14.1%TRV: +22.4% a year, volatility 22.3%TT: +22.7% a year, volatility 27.7%COR: +24.2% a year, volatility 22.8%SCHD: +9.7% a year, volatility 14.3%BMO: +13.6% a year, volatility 21.4%GWW: +26.3% a year, volatility 24.9%BNS: +12.9% a year, volatility 19.9%RIO: +12.2% a year, volatility 29.0%HLT: +21.0% a year, volatility 26.8%MNST: +17.2% a year, volatility 24.9%SMH: +33.4% a year, volatility 36.9%LMT: +11.1% a year, volatility 24.2%VT: +10.3% a year, volatility 16.2%SO: +11.3% a year, volatility 18.8%CTAS: +16.5% a year, volatility 23.1%CME: +11.2% a year, volatility 20.8%JCI: +17.4% a year, volatility 29.1%RSG: +13.9% a year, volatility 18.5%ADP: +9.0% a year, volatility 22.9%PJUL: +10.5% a year, volatility 8.6%RSP: +8.2% a year, volatility 16.1%ORLY: +15.9% a year, volatility 23.4%ROST: +18.1% a year, volatility 29.5%MSI: +14.8% a year, volatility 23.6%WPM: +27.5% a year, volatility 36.9%WM: +9.3% a year, volatility 19.2%EMR: +12.7% a year, volatility 27.7%GSK: +9.5% a year, volatility 24.5%ESLT: +39.8% a year, volatility 34.6%NGG: +11.8% a year, volatility 22.6%FJAN: +11.1% a year, volatility 10.5%EME: +43.0% a year, volatility 35.3%CDNS: +14.8% a year, volatility 37.2%ETR: +19.2% a year, volatility 22.4%CCEP: +19.7% a year, volatility 23.2%AEP: +12.4% a year, volatility 20.2%ALL: +17.0% a year, volatility 26.2%FAST: +15.8% a year, volatility 24.6%CSX: +8.3% a year, volatility 23.3%SCHG: +13.1% a year, volatility 22.4%AME: +14.4% a year, volatility 22.1%RACE: +13.3% a year, volatility 30.0%DYNF: +14.7% a year, volatility 17.5%AJG: +10.9% a year, volatility 24.2%VBR: +8.2% a year, volatility 19.4%CBOE: +21.5% a year, volatility 25.1%IX: +17.9% a year, volatility 25.4%KEYS: +13.9% a year, volatility 34.5%NTES: +6.6% a year, volatility 41.9%SPY (S&P 500): +12.7% a year, volatility 17.1%SONY: +2.9% a year, volatility 29.2%GOOG: +19.0% a year, volatility 32.0%T: +9.8% a year, volatility 25.2%CHT: +7.7% a year, volatility 13.3%FOXA: +10.4% a year, volatility 28.7%META: +15.5% a year, volatility 45.4%NWS: +7.5% a year, volatility 28.0%LLY: +40.7% a year, volatility 32.8%MRK: +16.3% a year, volatility 24.8%AMGN: +19.6% a year, volatility 24.9%GLD: +17.7% a year, volatility 18.9%RY: +17.3% a year, volatility 18.2%CAH: +42.1% a year, volatility 24.7%PANW: +31.9% a year, volatility 43.4%VO: +6.8% a year, volatility 17.6%PBR-A: +51.8% a year, volatility 37.5%TKO: +26.3% a year, volatility 32.7%NTESSPY (S&P 500)SONYGOOGTCHTMETANWSLLYMRKAMGNGLDRYCAHPANWVOPBR-ATKO
  • Popular alternatives
  • Same and neighboring categories, and shared themes
  • The whole market
  • Others in the green region

Is there a better investment than NTES?

Investments that beat NTES over the past 5 years on return, volatility, drawdowns, consistency, crash losses or fees, from its popular alternatives out to the whole market.

How this works

The table below lists investments that beat NTES over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes. It checks NTES's popular alternatives first, then the rest of its own and neighboring categories, then every stock and fund worth at least $500 million, and shows the strongest few in each group. The full list of those with a higher return and lower volatility than NTES follows the table.

Annual return is the annualized total return with dividends reinvested. Annual return, volatility and the Sharpe ratio cover 5 years; the worst decline covers the past 10 years. Green marks a better figure than NTES's. "On the frontier" means no other option shown or tested earned more with less volatility. Funds that hold the same thing are shown once. Beyond the popular alternatives, nothing with more than 1.5× NTES's volatility counts as better.

These figures cover the past 5 years. Green marks a better figure than NTES's.

Screen the whole market against NTES for any period in BetterThanSPYOpen these 16 in EasyCompare
InvestmentWhy it is betterPast 5 yearsDownsideLong runFit
Annual return?higher is betterVolatility?lower is calmerSharpe?return per unit of riskWorst decline?past 10 years10Y returntotalCorr. with NTES?lower diversifies moreExpenseper year
NTESNetEase, Inc. · this page
+6.6%41.9%0.36−57.4%+184%1.00—
SPYState Street SPDR S&P 500 ETF · S&P 500
+12.7%17.1%0.79−33.7%+321%0.300.09%
Popular alternativesbest 1 shownThe investments people most often weigh against NTES. 1 of 14 passed at least one test.
SONYSony Group Corporation · Consumer Electronics
Higher return in most periods+2.9%29.2%0.24−50.6%+309%0.34—
Same and neighboring categories, and shared themesbest 6 shownEverything else in Entertainment and the categories next to it (Internet Services, Media, Telecommunications, E-Commerce), plus NTES's specific themes. 30 of 64 passed at least one test.
GOOGAlphabet Inc. · Internet Services
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+19.0%32.0%0.71−44.6%+752%0.25—
TAT&T Inc. · Integrated Telecommunications
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+9.8%25.2%0.50−39.4%+60.7%0.03—
CHTChunghwa Telecom Co., Ltd. · Integrated Telecommunications
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+7.7%13.3%0.63−23.8%+101%0.31—
FOXAFox Corporation · Media
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+10.4%28.7%0.49−50.6%—0.21—
METAMeta Platforms, Inc. · Internet Services
Higher return, similar volatilityHigher return in most periods+15.5%45.4%0.55−76.7%+439%0.52—
NWSNews Corporation · Media
Similar return, lower volatilityHigher return in most periods+7.5%28.0%0.40−51.8%+168%0.17—
The whole marketbest 8 shownEvery other stock and fund worth at least $500 million. 1,662 of 3,558 passed at least one test.
LLYEli Lilly and Company · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+40.7%32.8%1.21−34.5%+1,807%-0.09—
MRKMerck & Co., Inc. · Pharmaceuticals
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+16.3%24.8%0.74−43.4%+241%-0.12—
AMGNAmgen Inc. · Biotechnology
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+19.6%24.9%0.85−24.9%+266%-0.24—
GLDSPDR Gold Shares · Gold
Higher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periodsSmaller losses in recent crashes+17.7%18.9%0.96−26.4%+213%0.130.40%
RYRoyal Bank of Canada · Banks
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+17.3%18.2%0.97−40.0%+352%0.19—
CAHCardinal Health, Inc. · Health Care Distribution
On the frontierHigher return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+42.1%24.7%1.55−46.1%+349%0.02—
PANWPalo Alto Networks, Inc. · Cybersecurity
Higher return, similar volatilityHigher Sharpe, smaller worst declineHigher return in most periods+31.9%43.4%0.86−48.0%+1,274%0.08—
VOVanguard Morningstar Mid-Cap ETF · US Mid-Cap Equity
Similar return, lower volatilityHigher Sharpe, smaller worst declineHigher return in most periods+6.8%17.6%0.47−39.4%+198%0.250.03%
What these numbers mean for NTES
Annual return
NTES returned 6.6% a year over the past 5 years with dividends reinvested, against 12.7% a year for the S&P 500. At that pace, $10,000 became about $13,800. Annual return is the steady yearly rate that would produce the same total result, so investments held over the same span compare fairly. Guide: What is performance and return? →
Volatility
NTES's volatility over the past 5 years was 41.9%, 2.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NTES's return lands within 41.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump. Guide: Understanding and measuring risk (volatility) →
Sharpe ratio
NTES's Sharpe ratio over the past 5 years was 0.36, against 0.79 for the S&P 500, so NTES earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings. Guide: Balancing reward with risk (Sharpe ratio) →
Worst decline
NTES's worst fall from a peak to a low over the past 10 years was 57.4%, against 33.7% for the S&P 500. Losses and gains are not symmetric: climbing back from a 57.4% fall takes a 134% gain. Guide: Market crash risk and tail risk →
Correlation
Over the past 5 years, NTES's monthly returns had a correlation of 0.30 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against NTES instead: the lower it is, the more that option would diversify a NTES holding. Guide: Correlation and diversification →
Show all 1,158 stocks and funds worth at least $500 million that earned more than NTES with less volatility

Out of 3,633 tested over 5 years. The strongest 100 are listed, best first, with funds that hold the same thing listed once.

#InvestmentFound inAnnual returnVolatilitySharpeWorst decline10Y returnCorr. with NTESExpense
1
LLYEli Lilly and Company · Pharmaceuticals
Whole market+40.7%32.8%1.21−34.5%+1,807%-0.09—
2
MRKMerck & Co., Inc. · Pharmaceuticals
Whole market+16.3%24.8%0.74−43.4%+241%-0.12—
3
AMGNAmgen Inc. · Biotechnology
Whole market+19.6%24.9%0.85−24.9%+266%-0.24—
4
GLDSPDR Gold Shares · Gold
Whole market+17.7%18.9%0.96−26.4%+213%0.130.40%
5
RYRoyal Bank of Canada · Banks
Whole market+17.3%18.2%0.97−40.0%+352%0.19—
6
CAHCardinal Health, Inc. · Health Care Distribution
Whole market+42.1%24.7%1.55−46.1%+349%0.02—
7
AAPLApple Inc. · Computer Hardware
Whole market+18.5%28.0%0.75−38.5%+1,168%0.10—
8
MSFTMicrosoft Corporation · Software
Whole market+12.5%28.2%0.56−37.1%+946%0.40—
9
VTIVanguard Morningstar Total Stock Market ETF · US Total Market
Whole market+11.5%17.5%0.71−35.0%+302%0.280.03%
10
VOOVanguard S&P 500 ETF · US Large-Cap Equity
Whole market+12.8%16.9%0.80−34.0%+324%0.300.03%
11
WMTWalmart Inc. · Discount Retail
Whole market+20.8%22.6%0.96−25.7%+508%0.03—
12
BRK-BBerkshire Hathaway Inc. · Insurance
Whole market+13.4%17.1%0.82−29.6%+274%0.06—
13
JPMJPMorgan Chase & Co. · Banks
Whole market+17.3%24.3%0.78−43.6%+537%0.12—
14
ABBVAbbVie Inc. · Pharmaceuticals
Whole market+26.1%23.4%1.11−45.1%+603%-0.08—
15
JNJJohnson & Johnson · Pharmaceuticals
Whole market+12.7%17.9%0.76−27.4%+196%-0.11—
16
VVisa Inc. · Payment Processing
Whole market+12.8%22.9%0.64−36.4%+429%0.12—
17
DXJWisdomTree Japan Hedged Equity Fund · International Equity
Whole market+26.6%19.1%1.34−39.1%+428%0.150.48%
18
LVHIFranklin International Low Volatility High Dividend Index ETF · International Equity
Whole market+17.0%11.1%1.48−32.4%+194%0.190.40%
19
KOThe Coca-Cola Company · Food & Beverages
Whole market+14.7%16.8%0.91−37.0%+204%0.02—
20
COSTCostco Wholesale Corporation · Discount Retail
Whole market+17.4%22.9%0.82−31.4%+685%0.07—
21
VXUSVanguard Total International Stock ETF · International Equity
Whole market+8.2%16.4%0.57−36.0%+140%0.390.05%
22
QQQInvesco QQQ Trust, Series 1 · US Large-Cap Growth
Whole market+14.5%23.0%0.71−35.1%+553%0.330.18%
23
MAMastercard Incorporated · Payment Processing
Whole market+12.4%23.8%0.61−41.0%+541%0.18—
24
PMPhilip Morris International Inc. · Tobacco
Whole market+21.0%23.4%0.94−42.9%+242%0.08—
25
CSCOCisco Systems, Inc. · Communications Equipment
Whole market+16.8%26.1%0.73−42.0%+374%0.06—
26
MCKMcKesson Corporation · Health Care Distribution
Whole market+38.7%25.0%1.44−38.1%+586%-0.05—
27
NVSNovartis AG · Pharmaceuticals
Whole market+17.1%20.7%0.87−26.8%+226%0.15—
28
APHAmphenol Corporation · Electronic Components
Whole market+33.8%32.2%1.07−37.5%+965%0.16—
29
VTVVanguard Morningstar Value ETF · US Large-Cap Value
Whole market+12.1%13.7%0.90−36.8%+235%0.150.03%
30
RTXRTX Corporation · Aerospace & Defense
Whole market+18.6%24.3%0.83−52.0%+317%-0.08—
31
GILDGilead Sciences, Inc. · Biotechnology
Whole market+22.8%24.9%0.95−30.5%+200%-0.16—
32
VEAVanguard FTSE Developed Markets ETF · Developed International Equity
Whole market+9.3%16.9%0.61−35.8%+153%0.320.03%
33
TDThe Toronto-Dominion Bank · Banks
Whole market+15.8%20.0%0.84−42.0%+310%0.31—
34
MFGMizuho Financial Group, Inc. · Banks
Whole market+33.6%30.6%1.10−45.7%+345%0.28—
35
TJXThe TJX Companies, Inc. · Specialty Retail
Whole market+19.9%22.3%0.93−42.5%+361%0.18—
36
IBMInternational Business Machines Corporation · IT Services
Whole market+16.6%30.5%0.66−41.1%+151%0.18—
37
LINLinde plc · Chemicals
Whole market+11.5%20.9%0.63−32.6%+394%0.22—
38
VGTVanguard Information Technology ETF · Technology Equity
Whole market+18.4%26.0%0.78−35.1%+779%0.290.09%
39
SMFGSumitomo Mitsui Financial Group, Inc. · Banks
Whole market+33.7%29.4%1.14−47.6%+474%0.30—
40
BHPBHP Group Limited · Metals & Mining
Whole market+16.6%31.4%0.65−44.3%+398%0.28—
41
ADIAnalog Devices, Inc. · Semiconductors
Whole market+19.5%34.1%0.69−33.6%+652%0.18—
42
PGRThe Progressive Corporation · Property & Casualty Insurance
Whole market+21.3%25.6%0.89−30.3%+816%0.02—
43
CBChubb Limited · Property & Casualty Insurance
Whole market+15.7%20.4%0.82−42.6%+248%-0.01—
44
PWRQuanta Services, Inc. · Engineering & Construction
Whole market+39.3%37.2%1.08−45.5%+2,045%0.02—
45
VRTXVertex Pharmaceuticals Incorporated · Biotechnology
Whole market+22.6%29.1%0.85−41.6%+521%-0.11—
46
ETNEaton Corporation plc · Electrical Equipment
Whole market+20.4%32.1%0.74−44.5%+657%0.12—
47
BNYBank of New York Mellon Corp · Banks
Whole market+22.7%24.4%0.97−50.5%+341%0.23—
48
CMCanadian Imperial Bank of Commerce · Banks
Whole market+19.2%21.6%0.93−47.3%+395%0.09—
49
NPKNational Presto Industries, Inc. · Aerospace & Defense
Whole market+16.3%27.3%0.69−45.5%+181%-0.02—
50
DEDeere & Company · Industrial Machinery
Whole market+14.4%29.9%0.60−37.9%+755%0.02—
51
VIGVanguard Dividend Appreciation ETF · US Dividend Equity
Whole market+10.4%14.1%0.78−31.7%+258%0.240.04%
52
TRVThe Travelers Companies, Inc. · Property & Casualty Insurance
Whole market+22.4%22.3%1.02−46.3%+347%-0.07—
53
TTTrane Technologies plc · Building Products
Whole market+22.7%27.7%0.88−40.5%+955%0.16—
54
CORCencora, Inc. · Health Care Distribution
Whole market+24.2%22.8%1.07−32.4%+406%0.09—
55
SCHDSchwab U.S. Dividend Equity ETF · US Dividend Equity
Whole market+9.7%14.3%0.72−33.4%+252%0.050.06%
56
BMOBank of Montreal · Banks
Whole market+13.6%21.4%0.71−51.0%+295%0.21—
57
GWWW.W. Grainger, Inc. · Industrial Distribution
Whole market+26.3%24.9%1.07−41.6%+654%0.07—
58
BNSThe Bank of Nova Scotia · Banks
Whole market+12.9%19.9%0.71−46.9%+187%0.30—
59
RIORio Tinto Group · Metals & Mining
Whole market+12.2%29.0%0.54−37.5%+464%0.25—
60
HLTHilton Worldwide Holdings Inc. · Hotels & Resorts
Whole market+21.0%26.8%0.85−50.8%+694%0.16—
61
MNSTMonster Beverage Corporation · Food & Beverages
Whole market+17.2%24.9%0.77−30.4%+285%0.17—
62
SMHVanEck Semiconductor ETF · Semiconductors
Whole market+33.4%36.9%0.97−45.3%+1,665%0.350.35%
63
LMTLockheed Martin Corporation · Aerospace & Defense
Whole market+11.1%24.2%0.56−36.7%+204%-0.20—
64
VTVanguard Total World Stock ETF · Global Equity
Whole market+10.3%16.2%0.69−34.2%+223%0.340.06%
65
SOThe Southern Company · Electric Utilities
Whole market+11.3%18.8%0.67−38.4%+170%0.14—
66
CTASCintas Corporation · Business Services
Whole market+16.5%23.1%0.78−48.4%+808%0.11—
67
CMECME Group Inc. · Capital Markets
Whole market+11.2%20.8%0.62−37.4%+319%0.09—
68
JCIJohnson Controls International plc · Building Products
Whole market+17.4%29.1%0.70−46.4%+426%0.16—
69
RSGRepublic Services, Inc. · Environmental Services
Whole market+13.9%18.5%0.80−34.0%+446%0.17—
70
ADPAutomatic Data Processing, Inc. · Business Services
Whole market+9.0%22.9%0.49−40.8%+320%0.16—
71
PJULInnovator U.S. Equity Power Buffer ETF · Broad Market
Whole market+10.5%8.6%1.20−18.2%—0.300.79%
72
RSPInvesco S&P 500 Equal Weight ETF · US Large-Cap Equity
Whole market+8.2%16.1%0.57−39.0%+211%0.220.20%
73
ORLYO'Reilly Automotive, Inc. · Specialty Retail
Whole market+15.9%23.4%0.75−42.0%+393%-0.01—
74
ROSTRoss Stores, Inc. · Specialty Retail
Whole market+18.1%29.5%0.71−51.4%+312%0.15—
75
MSIMotorola Solutions, Inc. · Communications Equipment
Whole market+14.8%23.6%0.71−32.8%+625%0.02—
76
WPMWheaton Precious Metals Corp. · Metals & Mining
Whole market+27.5%36.9%0.85−46.7%+510%0.06—
77
WMWaste Management, Inc. · Environmental Services
Whole market+9.3%19.2%0.56−30.1%+344%0.18—
78
EMREmerson Electric Co. · Industrial Machinery
Whole market+12.7%27.7%0.57−50.8%+309%0.12—
79
GSKGSK plc · Pharmaceuticals
Whole market+9.5%24.5%0.49−37.6%+95.1%-0.01—
80
ESLTElbit Systems Ltd. · Aerospace & Defense
Whole market+39.8%34.6%1.15−35.4%+765%-0.15—
81
NGGNational Grid plc · Electric Utilities
Whole market+11.8%22.6%0.61−39.2%+118%0.29—
82
FJANFT Vest U.S. Equity Buffer ETF - January · Multi-Asset
Whole market+11.1%10.5%1.05−13.6%—0.270.85%
83
EMEEMCOR Group, Inc. · Engineering & Construction
Whole market+43.0%35.3%1.20−48.0%+1,202%0.08—
84
CDNSCadence Design Systems, Inc. · Software
Whole market+14.8%37.2%0.56−34.2%+1,139%0.33—
85
ETREntergy Corporation · Electric Utilities
Whole market+19.2%22.4%0.90−42.0%+311%0.02—
86
CCEPCoca-Cola Europacific Partners PLC · Food & Beverages
Whole market+19.7%23.2%0.90−48.8%+292%0.05—
87
AEPAmerican Electric Power Company, Inc. · Electric Utilities
Whole market+12.4%20.2%0.68−32.9%+185%0.14—
88
ALLThe Allstate Corporation · Property & Casualty Insurance
Whole market+17.0%26.2%0.73−41.4%+356%-0.02—
89
GOOGAlphabet Inc. · Internet Services
Same or nearby category+19.0%32.0%0.71−44.6%+752%0.25—
90
FASTFastenal Company · Industrial Distribution
Whole market+15.8%24.6%0.72−30.7%+576%0.15—
91
CSXCSX Corporation · Railroads
Whole market+8.3%23.3%0.46−40.5%+446%0.20—
92
SCHGSchwab U.S. Large-Cap Growth ETF · US Large-Cap Growth
Whole market+13.1%22.4%0.67−34.5%+451%0.330.04%
93
AMEAMETEK, Inc. · Electronic Instruments
Whole market+14.4%22.1%0.72−42.7%+481%0.09—
94
RACEFerrari N.V. · Automobiles
Whole market+13.3%30.0%0.57−39.2%+711%0.26—
95
DYNFiShares U.S. Equity Factor Rotation Active ETF · US Multifactor Equity
Whole market+14.7%17.5%0.87−34.7%—0.300.26%
96
AJGArthur J. Gallagher & Co. · Insurance
Whole market+10.9%24.2%0.55−44.4%+516%0.22—
97
VBRVanguard Morningstar Small-Cap Value ETF · US Small-Cap Equity
Whole market+8.2%19.4%0.51−45.3%+169%0.150.05%
98
CBOECboe Global Markets, Inc. · Capital Markets
Whole market+21.5%25.1%0.91−43.2%+463%0.00—
99
IXORIX Corporation · Diversified Financials
Whole market+17.9%25.4%0.78−42.5%+284%0.27—
100
KEYSKeysight Technologies, Inc. · Electronic Equipment
Whole market+13.9%34.5%0.55−42.6%+923%0.01—

NTES against its popular alternatives

The investments people most often weigh against NTES, compared period by period and year by year.

How do NTES's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings. Investments toward the upper left earned more for a smoother ride, and those toward the lower right earned less for a rougher one. The dashed lines cross at NTES, which divides the map into what did better or worse on each measure.

Green points earned more than NTES with less volatility; red points earned less with more. Hover over a point for its figures. Total returns with dividends reinvested, annualized.

10.0%20.0%30.0%40.0%50.0%60.0%70.0%80.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNTES: 6.6% a year, volatility 41.9%SPY (S&P 500): 12.7% a year, volatility 17.1%U: −22.4% a year, volatility 77.5%SOHU: −11.1% a year, volatility 42.3%RBLX: −7.8% a year, volatility 71.1%BABA: −8.2% a year, volatility 51.3%SE: −25.9% a year, volatility 64.6%JD: −18.6% a year, volatility 52.6%PLAY: −26.3% a year, volatility 61.2%PDD: −3.9% a year, volatility 66.0%BIDU: −15.0% a year, volatility 51.9%BILI: −29.9% a year, volatility 77.4%PLTK: −38.9% a year, volatility 53.1%SONY: 2.9% a year, volatility 29.2%TTWO: 3.6% a year, volatility 32.9%GRVY: −8.2% a year, volatility 41.9%NTESSPY (S&P 500)USOHURBLXBABASEJDPLAYPDDBIDUBILIPLTKSONYTTWOGRVY0.0%20.0%40.0%60.0%80.0%−40.0%−30.0%−20.0%−10.0%0.0%10.0%20.0%Volatility over 5 years (annualized)Annual return over 5 yearsHigher return, lower volatilityLower return, higher volatilityNTES: 6.6% a year, volatility 41.9%SPY (S&P 500): 12.7% a year, volatility 17.1%U: −22.4% a year, volatility 77.5%SOHU: −11.1% a year, volatility 42.3%RBLX: −7.8% a year, volatility 71.1%BABA: −8.2% a year, volatility 51.3%SE: −25.9% a year, volatility 64.6%JD: −18.6% a year, volatility 52.6%PLAY: −26.3% a year, volatility 61.2%PDD: −3.9% a year, volatility 66.0%BIDU: −15.0% a year, volatility 51.9%BILI: −29.9% a year, volatility 77.4%PLTK: −38.9% a year, volatility 53.1%SONY: 2.9% a year, volatility 29.2%TTWO: 3.6% a year, volatility 32.9%GRVY: −8.2% a year, volatility 41.9%NTESSPY (S&P 500)USOHURBLXBABASEJDPLAYPDDBIDUBILIPLTKSONYTTWOGRVY
All figures
InvestmentAnnual returnVolatility
SPY S&P 500State Street SPDR S&P 500 ETF+12.7%17.1%
NTES This pageNetEase, Inc.+6.6%41.9%
TTWO Take-Two Interactive Software, Inc.+3.6%32.9%
SONY Sony Group Corporation+2.9%29.2%
PDD PDD Holdings Inc.−3.9%66.0%
RBLX Roblox Corporation−7.8%71.1%
BABA Alibaba Group Holding Limited−8.2%51.3%
GRVY Gravity Co., Ltd.−8.2%41.9%
SOHU Sohu.com Limited−11.1%42.3%
BIDU Baidu, Inc.−15.0%51.9%
JD JD.com, Inc.−18.6%52.6%
U Unity Software Inc.−22.4%77.5%
SE Sea Limited−25.9%64.6%
PLAY Dave & Buster's Entertainment, Inc.−26.3%61.2%
BILI Bilibili Inc.−29.9%77.4%
PLTK Playtika Holding Corp.−38.9%53.1%
Open these 16 in EasyCompare

Has NTES consistently beaten its popular alternatives?

This section compares NTES with the investments people most often weigh against it, checking each one over eight periods from one month to ten years. Counting how often an alternative earned more than NTES helps separate lasting outperformance from a single strong stretch.

A green cell means the alternative earned more than NTES over that period. "Qualified" marks those that did so in at least 3 of 5 short-term periods and 2 of 3 long-term periods.

InvestmentPeriods outperformed Short termLong termRisk · 5 yearsFund
1M3M6MYTD1Y3Y5Y10YVolatilitylower is calmerSharpehigher is betterWorst declinepast 10 yearsExpenseAssetsOverlapsame sectors
NTES NetEase, Inc. (this page)—+6.5%−6.4%+6.9%−13.5%−16.2%+34.1%+37.6%+184%41.9%0.36−57.4%—$80B—
SONY QualifiedSony Group Corporation5/5 short2/3 long+7.3%+19.7%+18.1%−2.2%−13.2%+54.0%+15.4%+309%29.2%0.24−50.6%—$150B—
TTWO Electronic Gaming & MultimediaTake-Two Interactive Software, Inc.0/5 short2/3 long−1.5%−13.5%−4.7%−17.8%−21.2%+47.0%+19.1%+360%32.9%0.27−56.1%—$39B—
U Software - ApplicationUnity Software Inc.4/5 short1/3 long−7.1%+34.7%+51.4%−9.2%+13.9%+47.8%−71.8%—77.5%0.06−93.1%—$18B—
GRVY Electronic Gaming & MultimediaGravity Co., Ltd.3/5 short1/3 long−3.9%+8.0%+2.9%+14.1%+15.2%+2.8%−34.9%+2,415%41.9%0.01−83.2%—$465M—
SOHU Internet Content & InformationSohu.com Limited2/5 short1/3 long−2.1%−5.2%−20.1%−20.6%−14.0%+54.6%−44.3%−70.0%42.3%-0.07−92.2%—$378M—
RBLX Electronic Gaming & MultimediaRoblox Corporation1/5 short1/3 long+2.1%−1.7%−15.3%−35.3%−61.2%+64.8%−33.4%—71.1%0.24−82.8%—$37B—
BABA Specialty RetailAlibaba Group Holding Limited0/5 short1/3 long−6.1%−9.7%−21.7%−29.6%−36.8%+44.5%−34.8%+11.2%51.3%0.08−80.1%—$270B—
SE Specialty RetailSea Limited0/5 short1/3 long−21.6%−23.9%−10.0%−38.8%−51.5%+80.3%−77.7%—64.6%-0.14−90.5%—$49B—
JD Specialty RetailJD.com, Inc.1/5 short0/3 long−1.9%−12.5%−14.7%−6.2%−18.0%+20.2%−64.3%+14.4%52.6%-0.14−79.1%—$36B—
PLAY LeisureDave & Buster's Entertainment, Inc.1/5 short0/3 long+14.7%−22.9%−43.7%−54.3%−56.1%−78.2%−78.2%−80.4%61.2%-0.19−93.2%—$271M—
PDD Specialty RetailPDD Holdings Inc.1/5 short0/3 long+2.9%−5.1%−21.7%−29.5%−38.0%−20.6%−17.9%—66.0%0.26−87.4%—$116B—
BIDU Internet Content & InformationBaidu, Inc.0/5 short0/3 long−12.7%−26.7%−37.0%−46.4%−34.1%−24.4%−55.5%−54.0%51.9%-0.06−77.5%—$27B—
BILI Internet Content & InformationBilibili Inc.0/5 short0/3 long−8.3%−24.4%−44.3%−47.2%−49.5%+11.3%−83.1%—77.4%-0.09−94.3%—$5.9B—
PLTK Electronic Gaming & MultimediaPlaytika Holding Corp.0/5 short0/3 long−10.0%−45.0%−43.0%−47.7%−39.2%−72.7%−91.5%—53.1%-0.67−93.0%—$793M—
Open these 15 in EasyCompare

How did NTES do year by year?

This table shows each investment's total return in every full calendar year since 2001, along with where NTES ranked among its popular alternatives each year. Annual results reveal how consistently each one kept pace with NTES and how far its good and bad years diverged, detail that multiyear averages tend to smooth over.

Newest year first. Green marks a year in which the fund came out ahead of NTES; gray means the two finished within a fraction of a point. The rank row places NTES among the alternatives that traded the full year; dark green is the top quarter and red the bottom quarter.

InvestmentYears ahead of NTES2025202420232022202120202019201820172016201520142013201220112010200920082007200620052004200320022001
NTES This pageNetEase, Inc.—+58.3%−1.7%+30.6%−27.4%+7.1%+57.9%+34.7%−31.3%+62.2%+20.7%+85.3%+30.3%+89.0%−5.1%+23.9%−3.8%+70.0%+16.8%+1.4%+32.9%+5.9%+43.7%+223%+1,689%−79.1%
Rank among alternativesTop quarter in 9 of 203 of 159 of 157 of 157 of 154 of 138 of 126 of 127 of 105 of 94 of 91 of 92 of 61 of 61 of 61 of 66 of 63 of 61 of 65 of 62 of 6—————
SPY S&P 500State Street SPDR S&P 500 ETF8 of 25+17.7%+24.9%+26.2%−18.2%+28.7%+18.3%+31.2%−4.6%+21.7%+12.0%+1.2%+13.5%+32.3%+16.0%+1.9%+15.1%+26.4%−36.8%+5.1%+15.9%+4.8%+10.7%+28.2%−21.6%−11.7%
SONY Sony Group Corporation7 of 25+21.7%+12.4%+24.9%−39.3%+25.6%+49.7%+41.7%+8.1%+61.1%+14.8%+20.7%+19.0%+56.6%−36.7%−48.8%+24.1%+34.2%−59.3%+27.3%+5.6%+5.5%+13.0%−15.6%−8.0%−34.9%
TTWO Take-Two Interactive Software, Inc.10 of 25+39.1%+14.4%+54.6%−41.4%−14.5%+69.7%+18.9%−6.2%+123%+41.5%+24.3%+61.4%+57.8%−18.7%+10.4%+22.1%+32.9%−59.0%+3.9%+0.3%−23.7%+20.3%+23.1%+45.3%+40.6%
U Unity Software Inc.2 of 5+96.6%−45.1%+43.0%−80.0%−6.8%————————————————————
GRVY Gravity Co., Ltd.7 of 20−8.3%−9.3%+72.5%−40.8%−62.3%+383%−10.8%−11.2%+795%+234%−34.2%−34.8%−30.8%−8.3%−15.2%+4.9%+226%−83.9%−46.8%−18.8%—————
SOHU Sohu.com Limited6 of 25+18.7%+32.7%−27.6%−15.8%+2.1%+42.6%−35.8%−59.8%+27.9%−40.7%+7.5%−27.1%+54.1%−5.3%−21.3%+10.8%+21.0%−13.2%+127%+30.9%+3.6%−40.8%+367%+433%−49.6%
RBLX Roblox Corporation2 of 4+40.0%+26.6%+60.6%−72.4%—————————————————————
BABA Alibaba Group Holding Limited6 of 11+75.8%+11.8%−10.8%−25.9%−49.0%+9.7%+54.7%−20.5%+96.4%+8.1%−21.8%——————————————
SE Sea Limited5 of 8+20.2%+162%−22.2%−76.7%+12.4%+395%+255%−15.1%—————————————————
JD JD.com, Inc.4 of 11−14.9%+23.5%−47.8%−17.9%−20.3%+149%+68.3%−49.5%+62.9%−21.2%+39.4%——————————————
PLAY Dave & Buster's Entertainment, Inc.5 of 11−44.5%−45.8%+51.9%−7.7%+27.9%−25.0%−8.9%−18.8%−2.0%+34.9%+52.9%——————————————
PDD PDD Holdings Inc.4 of 7+16.9%−33.7%+79.4%+39.9%−67.2%+370%+68.5%——————————————————
BIDU Baidu, Inc.6 of 20+55.0%−29.2%+4.1%−23.1%−31.2%+71.1%−20.3%−32.3%+42.4%−13.0%−17.1%+28.2%+77.4%−13.9%+20.7%+135%+215%−66.5%+246%+79.2%—————
BILI Bilibili Inc.2 of 7+35.8%+48.8%−48.6%−48.9%−45.9%+360%+27.6%——————————————————
PLTK Playtika Holding Corp.0 of 4−37.2%−15.9%+2.5%−50.8%—————————————————————
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Risk and diversification

How NTES has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

What were NTES's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high. This section presents NTES's five deepest drawdowns since it began trading in 2000, alongside the S&P 500's return over the same dates, and how long each took to recover. Together, these figures show how much an investor could have lost and how long it took to get back to even.

Green means NTES fell less than the S&P 500 over the same dates. Based on daily closing prices with dividends reinvested.

DuringNTES fellS&P 500, same datesPeakLowTime to the lowBack at the peakTime to recover
Dot-com bust−96.4%−17.4%Jul 2000Jul 200112 monthsJan 200318 months
No named crash−57.4%+3.7%Oct 2003Aug 200410 monthsAug 200512 months
2022 bear market−57.4%+2.1%Feb 2021Oct 202220 monthsMay 20252.6 years
February 2018 volatility shock−49.0%+8.6%Dec 2017Sep 20189 monthsFeb 202017 months
No named crash−43.8%+12.0%Mar 2006Aug 200717 monthsMay 20089 months

How did NTES do in stock market crashes?

This section measures how far NTES, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000. A smaller decline means an investment held up better, and comparing results across crashes shows whether that resilience was consistent or a one-off.

Note: NTES began trading on June 30, 2000, so its row reads "Not yet trading" for the dot-com bust. The older alternatives and the S&P 500 show how those crashes played out.

Newest crash first. Each figure is the fund's deepest fall within the crash window; green means a smaller fall than NTES.

InvestmentHeld up better2023 regional bank crisisMar 20232022 bear marketJan 2022Covid crashFeb 2020Late-2018 sell-offSep 2018February 2018 volatility shockFeb 20182015 China and oil sell-offAug 20152011 euro debt crisisJul 20112010 flash crashMay 20102008 financial crisisOct 2007Dot-com bustMar 2000
NTES This pageNetEase, Inc.—−2.0%−33.4%−24.0%−17.5%−8.8%−28.2%−29.3%0.0%−41.8%Not yet trading
SPY S&P 500State Street SPDR S&P 500 ETF4 of 9−3.4%−24.5%−33.7%−19.3%−6.5%−12.8%−17.9%−1.5%−55.2%−47.5%
SONY Sony Group Corporation1 of 9−3.8%−50.6%−22.9%−24.3%−9.7%−30.2%−32.0%−1.0%−72.3%−76.2%
TTWO Take-Two Interactive Software, Inc.3 of 9−4.9%−43.0%−16.1%−28.4%−14.9%−12.5%−23.4%0.0%−79.7%−70.8%
U Unity Software Inc.0 of 2−7.6%−76.6%————————
GRVY Gravity Co., Ltd.4 of 9−5.9%−39.0%−27.5%−14.1%−6.7%−25.7%−27.1%−0.5%−88.0%—
SOHU Sohu.com Limited1 of 9−2.4%−31.6%−49.7%−24.4%−11.1%−28.9%−47.4%−2.5%−62.1%—
RBLX Roblox Corporation0 of 2−3.4%−75.6%————————
BABA Alibaba Group Holding Limited2 of 6−4.7%−45.1%−20.6%−20.7%−7.3%−29.1%————
SE Sea Limited0 of 5−8.0%−73.3%−27.7%−26.4%−8.8%—————
JD JD.com, Inc.2 of 6−14.6%−45.1%−21.0%−27.3%−8.2%−29.9%————
PLAY Dave & Buster's Entertainment, Inc.2 of 6−13.0%−38.5%−89.5%−34.1%−6.8%−27.3%————
PDD PDD Holdings Inc.1 of 4−7.9%−61.4%−15.7%−38.1%——————
BIDU Baidu, Inc.0 of 9−7.5%−36.6%−38.4%−31.8%−9.0%−35.5%−36.0%−4.3%−74.9%—
BILI Bilibili Inc.0 of 4−8.0%−70.2%−28.2%−17.6%——————
PLTK Playtika Holding Corp.0 of 2−6.0%−55.9%————————
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How closely does NTES move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell. An investment that captures more of the gains than the losses has compounded ahead of the market over time. This section compares NTES with its popular alternatives on both measures, and on beta (how strongly each has moved with the market), over the past 10 years.

Monthly total returns over the past 10 years, measured against SPY. 100% capture or a beta of 1.00 means moving in line with the S&P 500. Green marks a better figure than NTES's: more upside, less downside or a higher capture ratio. Sorted by capture ratio.

InvestmentUpside captureDownside captureCapture ratioBeta
NTES This pageNetEase, Inc.64%52%1.240.58
TTWO Take-Two Interactive Software, Inc.91%75%1.210.78
SONY Sony Group Corporation96%99%0.970.86
JD JD.com, Inc.51%92%0.560.57
BABA Alibaba Group Holding Limited74%140%0.530.65
BIDU Baidu, Inc.56%159%0.350.79
SOHU Sohu.com Limited58%194%0.301.19
PLAY Dave & Buster's Entertainment, Inc.78%266%0.291.98
GRVY Gravity Co., Ltd.106%-14%—0.35
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What diversifies NTES?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions). This section lists large ETFs and stocks whose returns have had a low correlation with NTES's. Because such investments tend not to fall at the same time, pairing NTES with them can reduce a portfolio's overall swings.

Only ETFs with at least $1.0B in assets and stocks worth at least $10B, with a correlation below 0.5 over the past 5 years and a positive return, are included, ranked by Sharpe ratio; funds that hold the same thing are shown once. The year columns are the years in which NTES lost money. The last two columns show a portfolio that is 80% NTES and 20% the other investment, rebalanced monthly.

ETFs

InvestmentCorrelation5Y returnSharpe20242022201820122010200180/20 mix volatility80/20 mix annual return
NTES NetEase, Inc. (this page)1.00+37.6%0.36−1.7%−27.4%−31.3%−5.1%−3.8%−79.1%35.3%+9.6%
LVHI InternationalFranklin International Low Volatility High Dividend Index ETF0.19+119%1.48+15.9%+3.8%−5.2%———28.7%+12.1%
DXJ InternationalWisdomTree Japan Hedged Equity Fund0.15+225%1.34+29.8%+6.0%−19.8%+19.6%−1.8%—28.8%+14.1%
EMLP Broad MarketFirst Trust North American Energy Infrastructure Fund0.12+101%1.04+33.4%+10.4%−8.7%———28.8%+12.0%
HDV Dividend & IncomeiShares Core High Dividend ETF0.01+83.3%1.00+14.1%+7.1%−3.0%+9.6%——28.4%+11.4%
SMH TechnologyVanEck Semiconductor ETF0.35+323%0.97+39.1%−33.5%−9.1%+8.6%+19.0%−14.6%31.4%+16.2%
DBEF InternationalXtrackers MSCI EAFE Hedged Equity ETF0.26+85.0%0.96+13.4%−5.1%−9.5%+20.9%——28.9%+11.5%
GLD CommoditiesSPDR Gold Shares0.13+126%0.96+26.7%−0.8%−1.9%+6.6%+29.3%—28.9%+12.6%
SPMO Broad MarketInvesco S&P 500 Momentum ETF0.18+136%0.93+45.8%−10.4%−0.9%———29.3%+13.2%

Stocks

InvestmentCorrelation5Y returnSharpe20242022201820122010200180/20 mix volatility80/20 mix annual return
NTES NetEase, Inc. (this page)1.00+37.6%0.36−1.7%−27.4%−31.3%−5.1%−3.8%−79.1%35.3%+9.6%
CAH Medical - DistributionCardinal Health, Inc.0.02+479%1.55+19.0%+54.1%−24.5%+3.8%+21.4%−2.5%28.9%+16.5%
CLS Hardware, Equipment & PartsCelestica Inc.0.18+3,143%1.47+215%+1.3%−16.3%+11.2%+2.8%−25.6%32.5%+28.8%
FIX Engineering & ConstructionComfort Systems USA, Inc.0.07+1,636%1.46+107%+17.0%+0.8%+15.7%+8.7%+73.7%30.3%+25.2%
MCK Medical - DistributionMcKesson Corporation-0.05+413%1.44+23.7%+51.8%−28.4%+25.6%+13.8%+4.9%28.5%+16.0%
MPC Oil & Gas Refining & MarketingMarathon Petroleum Corporation0.14+690%1.41−4.0%+86.6%−8.2%+94.3%——29.9%+18.4%
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Common questions

What was NTES's worst drawdown?

NTES's deepest decline since it began trading in 2000 was 96.4%, from July 2000 to July 2001. It took 18 months from the low to climb back to its old high.

What were NTES's best and worst years?

Over 25 full calendar years, NTES's best year was 2002, when it returned 1,689%. Its worst was 2001, with a return of -79.1%.

Is there a better investment than NTES?

Among NTES's popular alternatives, SONY was ahead of NTES in most short and long periods. Looking beyond its popular alternatives, GOOG (internet services) and T (integrated telecommunications) earned more than NTES with less volatility over the past 5 years. GOOG returned 19.0% a year at 32.0% volatility, against 6.6% a year at 41.9%.

Is NTES more volatile than the S&P 500?

Yes. NTES's volatility over the past 5 years was 41.9%, 2.4 times the S&P 500's 17.1%. Volatility measures how widely returns swing around their average: in roughly two years out of three, NTES's return lands within 41.9% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

What is NTES's Sharpe ratio?

NTES's Sharpe ratio over the past 5 years was 0.36, against 0.79 for the S&P 500, so NTES earned less for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

How correlated is NTES with the S&P 500?

Over the past 5 years, NTES's monthly returns had a correlation of 0.30 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against NTES instead: the lower it is, the more that option would diversify a NTES holding.

What are the best alternatives to NTES?

Of the 14 popular alternatives we compared, one outperformed NTES in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: SONY.

Did NTES outperform the S&P 500?

NTES finished ahead of the S&P 500 (SPY) in 17 of 25 full calendar years. In 2025, it returned +58.3%, against +17.7% for the index.

How did NTES do in stock market crashes?

NTES fell less than the S&P 500 (SPY) in five of the nine major crashes it has traded through, and further in four. The clearest case was the 2008 financial crisis, when NTES fell 41.8% and the S&P 500 fell 55.2%.

What diversifies NTES?

These had a low correlation with NTES over the past 5 years and still earned a positive 5-year return: among large ETFs, LVHI (correlation 0.19), DXJ (correlation 0.15) and EMLP (correlation 0.12); among large stocks, CAH (correlation 0.02), CLS (correlation 0.18) and FIX (correlation 0.07). A correlation near zero means the two have moved largely independently.

How we measure

More research

Popular alternatives to NTES

Other stocks and ETFs