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

> Source: EasyCompare research, https://easycompare.io/research/ntes
> Data as of October 20, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

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.

## Key findings

- **Right now:** NTES has gone against the market, falling 6.4% over the past 3 months while the S&P 500 rose 3.9%. Its entertainment peers split over the past 3 months: SONY (Sony Group) rose 19.7%, while BILI (Bilibili) fell 24.4%.
- **Stock or market?:** The weakness is NTES's own: it fell 6.4% over the past 3 months while the entertainment ETF ESPO (VanEck Video Gaming and eSports ETF) rose 11.5%. The S&P 500 rose 3.9%. Its entertainment peers did not move as one over the past 3 months: SONY (Sony Group) rose 19.7%, while BILI (Bilibili) fell 24.4%.
- **Past 1 to 3 years:** Over the past year, NTES fell 16.2% while the S&P 500 rose 15.8%. The same gap shows up over 3 years (34.1% against 89.3%).
- **Long term:** NTES turned $10,000 into $28,400 over the past decade, against $42,100 in the S&P 500. Even so, it finished ahead of the S&P 500 in 17 of its 25 calendar years.
- **In a crash:** Across six sell-offs, NTES has typically fallen 1.3 times as far as the S&P 500. On the flip side, in the 2022 bear market, NTES held up better than SONY (Sony Group), SE and TTWO; only SOHU (Sohu.com) fell less.
- **Diversification:** NTES is a real diversifier: a correlation of 0.30 with the S&P 500 over 5 years and 0.28 with the total US market, less closely than 71% of stocks worth at least $300 million. Over 10 years NTES kept more of the market's gains than of its losses: 64% of the S&P 500's gains in rising months and 52% of its losses in falling ones, with a beta of 0.58.
- **Better options**
  - **Nearby categories and themes:** GOOG (Alphabet, internet services) and T (AT&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%.
  - **Whole market:** 1,158 of the 3,633 stocks and funds worth at least $500 million earned more than NTES with less volatility over the past 5 years, among them AAPL (Apple), GOOG (Alphabet) and MSFT (Microsoft).

## 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.

- $10,000 invested in NTES at the end of September 2005 would have grown to $350,174 by September 2026, more than the $90,973 it would have become in SPY, an S&P 500 fund.
- Five of the eight other investments on the chart ended ahead of NTES, and AAPL finished highest, at $2,081,301.

## 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.

- 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.
- Over 25 full calendar years, NTES's best was 2002, when it returned 1,689%, and its worst was 2001, when it lost 79.1%. It lost money in six of those years.
- NTES is 19.6% below its all-time high.

- Type: Stock, Technology (Electronic Gaming & Multimedia)
- Trading since: June 30, 2000
- Market value: $80B
- Volatility (5 years): 41.9%; Sharpe ratio: 0.36
- Worst decline ever: −96.4%, from July 6, 2000 to July 25, 2001; back at its high by January 6, 2003

| Period | NTES total return |
| --- | --- |
| 1 month | +6.5% |
| 3 months | −6.4% |
| 6 months | +6.9% |
| year to date | −13.5% |
| 1 year | −16.2% |
| 3 years | +34.1% |
| 5 years | +37.6% |
| 10 years | +184% |

## 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.

- NTES's 1-year return ranks in the bottom 23% of the 3,287 stocks worth at least $300 million with 1 year of history.

| Measure | NTES | Rank |
| --- | --- | --- |
| 1-year return | −16.2% | 2,539 of 3,287 (top 78%) |
| 3-year return | +34.1% | 1,784 of 3,017 (top 60%) |
| 5-year return | +37.6% | 1,245 of 2,893 (top 44%) |
| 10-year return | +184% | 936 of 2,202 (top 43%) |
| Volatility, 5 years | 41.9% | 1,549 of 2,893 (top 54%) |
| Sharpe ratio, 5 years | 0.36 | 1,364 of 2,893 (top 48%) |
| Worst decline, past 10 years | −57.4% | 774 of 2,187 (top 36%) |

### 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).

- 639 stocks and 519 ETFs worth at least $500 million sit in the green region: each earned more than NTES over the past 5 years with smaller price swings. That is 32% of the 3,633 screened.
- Among those with at least half NTES's swings, CAH has the best return for its risk: 42.1% a year at 24.7% volatility, 41% less than NTES's 41.9%, and a Sharpe ratio (return above cash per unit of volatility) of 1.55 against 0.36 for NTES. PBR-A earned the most, 51.8% a year, while still swinging less than NTES (37.5% against 41.9%).
- None of NTES's popular alternatives made it, but TKO (entertainment) did: 26.3% a year at 32.7% volatility, 22% less than NTES's 41.9%.

### Is there a better investment than NTES?

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.

- 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%.
- Across the whole market, 1,158 of the 3,633 stocks and funds worth at least $500 million earned more than NTES with less volatility over the past 5 years, among them AAPL, GOOG and MSFT.

The 15 strongest of 1,158 investments that beat NTES over the past 5 years, out of 3,633 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with NTES | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NTES: NetEase, Inc. (this page) |  | +6.6% | 41.9% | 0.36 | −57.4% | +184% |  |  |
| [LLY](https://easycompare.io/research/lly): Eli Lilly and Company | Pharmaceuticals | +40.7% | 32.8% | 1.21 | −34.5% | +1,807% | -0.09 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [MRK](https://easycompare.io/research/mrk): Merck & Co., Inc. | Pharmaceuticals | +16.3% | 24.8% | 0.74 | −43.4% | +241% | -0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [AMGN](https://easycompare.io/research/amgn): Amgen Inc. | Biotechnology | +19.6% | 24.9% | 0.85 | −24.9% | +266% | -0.24 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | Gold | +17.7% | 18.9% | 0.96 | −26.4% | +213% | 0.13 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods; Smaller losses in recent crashes |
| [RY](https://easycompare.io/research/ry): Royal Bank of Canada | Banks | +17.3% | 18.2% | 0.97 | −40.0% | +352% | 0.19 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [CAH](https://easycompare.io/research/cah): Cardinal Health, Inc. | Health Care Distribution | +42.1% | 24.7% | 1.55 | −46.1% | +349% | 0.02 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [AAPL](https://easycompare.io/research/aapl): Apple Inc. | Computer Hardware | +18.5% | 28.0% | 0.75 | −38.5% | +1,168% | 0.10 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [MSFT](https://easycompare.io/research/msft): Microsoft Corporation | Software | +12.5% | 28.2% | 0.56 | −37.1% | +946% | 0.40 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VTI](https://easycompare.io/research/vti): Vanguard Morningstar Total Stock Market ETF | US Total Market | +11.5% | 17.5% | 0.71 | −35.0% | +302% | 0.28 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [VOO](https://easycompare.io/research/voo): Vanguard S&P 500 ETF | US Large-Cap Equity | +12.8% | 16.9% | 0.80 | −34.0% | +324% | 0.30 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [WMT](https://easycompare.io/research/wmt): Walmart Inc. | Discount Retail | +20.8% | 22.6% | 0.96 | −25.7% | +508% | 0.03 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [BRK-B](https://easycompare.io/research/brk-b): Berkshire Hathaway Inc. | Insurance | +13.4% | 17.1% | 0.82 | −29.6% | +274% | 0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JPM](https://easycompare.io/research/jpm): JPMorgan Chase & Co. | Banks | +17.3% | 24.3% | 0.78 | −43.6% | +537% | 0.12 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [ABBV](https://easycompare.io/research/abbv): AbbVie Inc. | Pharmaceuticals | +26.1% | 23.4% | 1.11 | −45.1% | +603% | -0.08 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |
| [JNJ](https://easycompare.io/research/jnj): Johnson & Johnson | Pharmaceuticals | +12.7% | 17.9% | 0.76 | −27.4% | +196% | -0.11 | Higher return, lower volatility; Higher Sharpe, smaller worst decline; Higher return in most periods |

## 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.

- None of the 14 popular alternatives earned more than NTES over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- 11 of the 14 popular alternatives earned less than NTES over the past 5 years while swinging more, the weaker corner of the map.
- Over the past 5 years, NTES returned 6.6% a year, less than the S&P 500's 12.7%, with higher volatility (41.9% against 17.1%).

### 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.

- Only one of the 14 popular alternatives, SONY, outperformed NTES in at least 3 of 5 short-term and 2 of 3 long-term timeframes.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of NTES | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| NTES: NetEase, Inc. (this page) | −16.2% | +34.1% | +37.6% | +184% |  |  | 0.36 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | −13.2% | +54.0% | +15.4% | +309% | 5/5 short-term, 2/3 long-term | consistent | 0.24 |
| [TTWO](https://easycompare.io/research/ttwo): Take-Two Interactive Software, Inc. | −21.2% | +47.0% | +19.1% | +360% | 0/5 short-term, 2/3 long-term |  | 0.27 |
| U: Unity Software Inc. | +13.9% | +47.8% | −71.8% | — | 4/5 short-term, 1/3 long-term |  | 0.06 |
| GRVY: Gravity Co., Ltd. | +15.2% | +2.8% | −34.9% | +2,415% | 3/5 short-term, 1/3 long-term |  | 0.01 |
| SOHU: Sohu.com Limited | −14.0% | +54.6% | −44.3% | −70.0% | 2/5 short-term, 1/3 long-term |  | -0.07 |
| [RBLX](https://easycompare.io/research/rblx): Roblox Corporation | −61.2% | +64.8% | −33.4% | — | 1/5 short-term, 1/3 long-term |  | 0.24 |
| [BABA](https://easycompare.io/research/baba): Alibaba Group Holding Limited | −36.8% | +44.5% | −34.8% | +11.2% | 0/5 short-term, 1/3 long-term |  | 0.08 |
| [SE](https://easycompare.io/research/se): Sea Limited | −51.5% | +80.3% | −77.7% | — | 0/5 short-term, 1/3 long-term |  | -0.14 |
| JD: JD.com, Inc. | −18.0% | +20.2% | −64.3% | +14.4% | 1/5 short-term, 0/3 long-term |  | -0.14 |
| PLAY: Dave & Buster's Entertainment, Inc. | −56.1% | −78.2% | −78.2% | −80.4% | 1/5 short-term, 0/3 long-term |  | -0.19 |
| [PDD](https://easycompare.io/research/pdd): PDD Holdings Inc. | −38.0% | −20.6% | −17.9% | — | 1/5 short-term, 0/3 long-term |  | 0.26 |
| BIDU: Baidu, Inc. | −34.1% | −24.4% | −55.5% | −54.0% | 0/5 short-term, 0/3 long-term |  | -0.06 |
| BILI: Bilibili Inc. | −49.5% | +11.3% | −83.1% | — | 0/5 short-term, 0/3 long-term |  | -0.09 |
| PLTK: Playtika Holding Corp. | −39.2% | −72.7% | −91.5% | — | 0/5 short-term, 0/3 long-term |  | -0.67 |

### 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.

- Ranked against its popular alternatives each year, NTES finished in the top quarter in nine of 20 years and in the bottom quarter in one. In 2025, it ranked 3 of 15.
- NTES finished ahead of the S&P 500 in 17 of its 25 full calendar years.
- Among its popular alternatives, SE came out ahead of NTES most often, in five of the eight years both traded.

| Year | NTES | SPY |
| --- | --- | --- |
| 2025 | +58.3% | +17.7% |
| 2024 | −1.7% | +24.9% |
| 2023 | +30.6% | +26.2% |
| 2022 | −27.4% | −18.2% |
| 2021 | +7.1% | +28.7% |
| 2020 | +57.9% | +18.3% |
| 2019 | +34.7% | +31.2% |
| 2018 | −31.3% | −4.6% |
| 2017 | +62.2% | +21.7% |
| 2016 | +20.7% | +12.0% |

## 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.

- In all five of NTES's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: NTES fell 57.4% from October 2003 to August 2004, while the S&P 500 rose 3.7%.
- The slowest recovery came after NTES fell 57.4% from February 2021 to October 2022; it did not regain that peak until May 2025, three years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −96.4% | July 6, 2000 | July 25, 2001 | January 6, 2003 | −17.4% | dot-com bust |
| −57.4% | October 10, 2003 | August 13, 2004 | August 3, 2005 | +3.7% |  |
| −57.4% | February 11, 2021 | October 28, 2022 | May 15, 2025 | +2.1% | 2022 bear market |
| −49.0% | December 21, 2017 | September 10, 2018 | February 19, 2020 | +8.6% | February 2018 volatility shock |
| −43.8% | March 30, 2006 | August 16, 2007 | May 16, 2008 | +12.0% |  |

### 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.

- None of its popular alternatives fell less than NTES in most of the crashes they both traded through.
- NTES began trading after the dot-com bust, but two of its popular alternatives lived through it. The mildest fall among them was TTWO's 70.8%, against 47.5% for the S&P 500.
- NTES fell less than the S&P 500 in five of the nine crashes it has traded through. The clearest case was the 2008 financial crisis, when NTES fell 41.8% and the S&P 500 fell 55.2%.

| Crash | Dates | NTES fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | not trading | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −41.8% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | 0.0% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −29.3% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −28.2% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −8.8% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −17.5% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −24.0% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −33.4% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −2.0% | −3.4% |

### 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.

- None of the seven popular alternatives with the same record had a higher capture ratio (upside capture divided by downside capture) than NTES's 1.24.
- Over the past 10 years, NTES captured 64% of the S&P 500's gains in rising months and 52% of its losses in falling months, with a beta of 0.58. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- GRVY took just -14% of the S&P 500's losses, against 52% for NTES, while still keeping 106% of its gains.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| NTES: NetEase, Inc. (this page) | 64.0% | 52.0% | 0.58 |
| [SONY](https://easycompare.io/research/sony): Sony Group Corporation | 96.0% | 99.0% | 0.86 |
| [TTWO](https://easycompare.io/research/ttwo): Take-Two Interactive Software, Inc. | 91.0% | 75.0% | 0.78 |
| GRVY: Gravity Co., Ltd. | 106% | −14.0% | 0.35 |
| SOHU: Sohu.com Limited | 58.0% | 194% | 1.19 |
| [BABA](https://easycompare.io/research/baba): Alibaba Group Holding Limited | 74.0% | 140% | 0.65 |
| JD: JD.com, Inc. | 51.0% | 92.0% | 0.57 |
| PLAY: Dave & Buster's Entertainment, Inc. | 78.0% | 266% | 1.98 |
| BIDU: Baidu, Inc. | 56.0% | 159% | 0.79 |

### 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).

- Moving a fifth of the money in NTES into HDV would have cut the portfolio's volatility by 20% over the past 5 years and raised its annual return (+9.6% for NTES alone, +11.4% for the mix).
- FIX made money in six of the six calendar years in which NTES lost money.
- Among large ETFs, LVHI, DXJ and EMLP have moved largely independently of NTES over the past 5 years, with correlations of 0.19 or lower, and each still earned a positive 5-year return.

| Investment | Correlation with NTES | 5Y return | Volatility | Sharpe | Rose in NTES's 6 down years |
| --- | --- | --- | --- | --- | --- |
| LVHI: Franklin International Low Volatility High Dividend Index ETF | 0.19 | +119% | 11.1% | 1.48 | 2 of 6 |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.15 | +225% | 19.1% | 1.34 | 3 of 6 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.12 | +101% | 14.5% | 1.04 | 2 of 6 |
| HDV: iShares Core High Dividend ETF | 0.01 | +83.3% | 13.0% | 1.00 | 3 of 6 |
| [SMH](https://easycompare.io/research/smh): VanEck Semiconductor ETF | 0.35 | +323% | 36.9% | 0.97 | 3 of 6 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.26 | +85.0% | 13.8% | 0.96 | 2 of 6 |
| [GLD](https://easycompare.io/research/gld): SPDR Gold Shares | 0.13 | +126% | 18.9% | 0.96 | 3 of 6 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.18 | +136% | 20.8% | 0.93 | 1 of 6 |

## 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.

## More research

- [Sony Group (SONY) Performance, Alternatives and Market Rank](https://easycompare.io/research/sony)
- [Take-Two Interactive Software (TTWO) Performance, Alternatives and Market Rank](https://easycompare.io/research/ttwo)
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- [Microsoft (MSFT) Performance, Alternatives and Market Rank](https://easycompare.io/research/msft)
- [Amazon.com (AMZN) Performance, Alternatives and Market Rank](https://easycompare.io/research/amzn)

## Explore further

- Full page with charts: https://easycompare.io/research/ntes
- All research pages: https://easycompare.io/llms.txt
- Compare the entire market against NTES live: https://betterthanspy.com/?b=NTES&utm_source=easycompare&utm_medium=research