ABVE vs. TSM

Last updated Jun 4, 2026

ABVE (Above Food Ingredients Inc) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. ABVE operates in Packaged Foods (Consumer Defensive), while TSM operates in Semiconductors (Technology). Over the past year, ABVE returned -90.09% vs 123.66% for TSM. At a 0.12 correlation, their price movements are largely independent.

Performance

ABVE vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Above Food Ingredients Inc (ABVE) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABVE achieves a -93.01% return, which is significantly lower than TSM's 44.10% return.

ABVE

• 1D: 0.00%
• 1M: -83.99%
• YTD: -93.01%
• 6M: -95.71%
• 1Y: -90.09%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSM

• 1D: -2.24%
• 1M: 8.73%
• YTD: 44.10%
• 6M: 48.60%
• 1Y: 123.66%
• 3Y*: 66.46%
• 5Y*: 31.74%
• 10Y*: 36.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABVE vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ABVE Above Food Ingredients Inc	-93.01%	201.85%	-88.56%
TSM Taiwan Semiconductor Manufacturing Company Limited	44.10%	55.91%	15.39%

Correlation

The correlation between ABVE and TSM is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Jul 2, 2024	0.13

Fundamentals

Total Revenue (TTM) ABVE : $139.75M TSM : $4.13T
Gross Profit (TTM) ABVE : -$6.48M TSM : $2.55T
EBITDA (TTM) ABVE : -$26.97M TSM : $3.14T

Return for Risk

ABVE vs. TSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABVE

ABVE Risk / Return Rank: 37
ABVE Sharpe Ratio Rank: 32
ABVE Sortino Ratio Rank: 72
ABVE Omega Ratio Rank: 70
ABVE Calmar Ratio Rank: 5
ABVE Martin Ratio Rank: 6

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 95
TSM Omega Ratio Rank: 92
TSM Calmar Ratio Rank: 94
TSM Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ABVE vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Above Food Ingredients Inc (ABVE) and Taiwan Semiconductor Manufacturing Company Limited (TSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ABVE	TSM	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	3.49	-3.71
Sortino ratio: Return per unit of downside risk	1.81	4.06	-2.25
Omega ratio: Gain probability vs. loss probability	1.23	1.49	-0.26
Calmar ratio: Return relative to maximum drawdown	-0.92	6.86	-7.78
Martin ratio: Return relative to average drawdown	-1.47	24.68	-26.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ABVE vs. TSM - Sharpe Ratio Comparison

The current ABVE Sharpe Ratio is -0.22, which is lower than the TSM Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of ABVE and TSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ABVE	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	3.49	-3.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.86	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.27	0.37	-0.63

Drawdowns

ABVE vs. TSM - Drawdown Comparison

The maximum ABVE drawdown since its inception was -97.84%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for ABVE and TSM.

Drawdown Indicators

	ABVE	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-97.84%	-89.08%	-8.76%
Max Drawdown (1Y) Largest decline over 1 year	-97.84%	-18.14%	-79.70%
Max Drawdown (3Y) Largest decline over 3 years	—	-36.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-97.84%	-2.24%	-95.60%
Average Drawdown Average peak-to-trough decline	-73.23%	-42.89%	-30.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	61.34%	5.03%	+56.31%

Volatility

ABVE vs. TSM - Volatility Comparison

Above Food Ingredients Inc (ABVE) has a higher volatility of 166.62% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 11.64%. This indicates that ABVE's price experiences larger fluctuations and is considered to be riskier than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ABVE	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	166.62%	11.64%	+154.98%
Volatility (6M) Calculated over the trailing 6-month period	201.33%	27.19%	+174.14%
Volatility (1Y) Calculated over the trailing 1-year period	412.91%	35.61%	+377.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	323.36%	37.27%	+286.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	323.36%	34.12%	+289.24%

Dividends

ABVE vs. TSM - Dividend Comparison

ABVE has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ABVE Above Food Ingredients Inc	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.76%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

Frequently Asked Questions

Can I hold both ABVE and TSM in my portfolio?

ABVE and TSM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ABVE or TSM?

ABVE has higher volatility (166.62%) compared to TSM (11.64%). In terms of maximum drawdown, ABVE dropped -97.84% vs TSM's -89.08%.

Which has better risk-adjusted returns?

TSM currently has the higher Sharpe Ratio (3.49 vs -0.22), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.