ACMR vs. TSM

Last updated Jun 3, 2026

ACMR (ACM Research, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — ACMR in Semiconductor Equipment & Materials, TSM in Semiconductors. Over the past 5 years, ACMR returned 28.80%/yr vs 32.95%/yr for TSM. At a 0.47 correlation, their price movements are largely independent.

Performance

ACMR vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ACM Research, Inc. (ACMR) 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, ACMR achieves a 133.00% return, which is significantly higher than TSM's 47.40% return.

ACMR

• 1D: 12.03%
• 1M: 76.26%
• YTD: 133.00%
• 6M: 179.65%
• 1Y: 304.04%
• 3Y*: 109.76%
• 5Y*: 28.80%
• 10Y*: —

TSM

• 1D: 2.54%
• 1M: 12.33%
• YTD: 47.40%
• 6M: 53.75%
• 1Y: 132.03%
• 3Y*: 67.72%
• 5Y*: 32.95%
• 10Y*: 36.50%

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

ACMR vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ACMR ACM Research, Inc.	133.00%	161.26%	-22.72%	153.44%	-72.87%	4.95%	340.38%	69.58%	107.24%	-13.22%
TSM Taiwan Semiconductor Manufacturing Company Limited	47.40%	55.91%	92.58%	42.33%	-36.75%	12.09%	92.67%	64.85%	-3.50%	-6.02%

Correlation

The correlation between ACMR and TSM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.52
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since Nov 6, 2017	0.47

The correlation between ACMR and TSM has been stable across timeframes, ranging from 0.47 to 0.52 - a consistent structural relationship.

Fundamentals

Market Cap ACMR : $6.41B TSM : $2.32T
EPS ACMR : $1.33 TSM : $373.98
PE Ratio ACMR : 69.30 TSM : 1.19
PEG Ratio ACMR : 2.42 TSM : 0.03
PS Ratio ACMR : 6.57 TSM : 0.56
PB Ratio ACMR : 4.06 TSM : 0.39
Total Revenue (TTM) ACMR : $960.23M TSM : $4.13T
Gross Profit (TTM) ACMR : $424.76M TSM : $2.55T
EBITDA (TTM) ACMR : $162.91M TSM : $3.14T

Return for Risk

ACMR vs. TSM — Risk / Return Rank

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

ACMR

ACMR Risk / Return Rank: 94
ACMR Sharpe Ratio Rank: 97
ACMR Sortino Ratio Rank: 92
ACMR Omega Ratio Rank: 92
ACMR Calmar Ratio Rank: 94
ACMR Martin Ratio Rank: 94

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 97
TSM Sortino Ratio Rank: 95
TSM Omega Ratio Rank: 93
TSM Calmar Ratio Rank: 95
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.

ACMR vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ACM Research, Inc. (ACMR) 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.

	ACMR	TSM	Difference
Sharpe ratio Return per unit of total volatility	4.11	3.74	+0.37
Sortino ratio Return per unit of downside risk	3.51	4.25	-0.74
Omega ratio Gain probability vs. loss probability	1.50	1.52	-0.02
Calmar ratio Return relative to maximum drawdown	6.64	7.38	-0.74
Martin ratio Return relative to average drawdown	17.08	26.63	-9.55
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ACMR vs. TSM - Sharpe Ratio Comparison

The current ACMR Sharpe Ratio is 4.11, which is comparable to the TSM Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of ACMR 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

	ACMR	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.11	3.74	+0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.36	0.89	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.07	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.37	+0.31

Drawdowns

ACMR vs. TSM - Drawdown Comparison

The maximum ACMR drawdown since its inception was -87.23%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for ACMR and TSM.

Drawdown Indicators

	ACMR	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-87.23%	-89.08%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-46.34%	-18.14%	-28.20%
Max Drawdown (3Y) Largest decline over 3 years	-58.42%	-36.82%	-21.60%
Max Drawdown (5Y) Largest decline over 5 years	-84.81%	-56.47%	-28.34%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-1.01%	0.00%	-1.01%
Average Drawdown Average peak-to-trough decline	-39.32%	-42.89%	+3.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	18.01%	5.03%	+12.98%

Volatility

ACMR vs. TSM - Volatility Comparison

ACM Research, Inc. (ACMR) has a higher volatility of 25.11% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 11.31%. This indicates that ACMR'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

	ACMR	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	25.11%	11.31%	+13.80%
Volatility (6M) Calculated over the trailing 6-month period	55.24%	27.11%	+28.13%
Volatility (1Y) Calculated over the trailing 1-year period	74.53%	35.51%	+39.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	80.32%	37.27%	+43.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	83.33%	34.12%	+49.21%

Dividends

ACMR vs. TSM - Dividend Comparison

ACMR has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACMR ACM Research, 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	0.74%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

ACMR vs. TSM - Profitability Comparison

The chart below illustrates the profitability comparison between ACM Research, Inc. and Taiwan Semiconductor Manufacturing Company Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ACMR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported a gross profit of 107.24M and revenue of 231.26M. Therefore, the gross margin over that period was 46.4%.

TSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 759.06B and revenue of 1.15T. Therefore, the gross margin over that period was 66.3%.

ACMR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported an operating income of 36.18M and revenue of 231.26M, resulting in an operating margin of 15.6%.

TSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 664.08B and revenue of 1.15T, resulting in an operating margin of 58.0%.

ACMR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ACM Research, Inc. reported a net income of 17.31M and revenue of 231.26M, resulting in a net margin of 7.5%.

TSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 578.40B and revenue of 1.15T, resulting in a net margin of 50.5%.

Frequently Asked Questions

Can I hold both ACMR and TSM in my portfolio?

ACMR and TSM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ACMR or TSM?

ACMR has higher volatility (25.11%) compared to TSM (11.31%). In terms of maximum drawdown, ACMR dropped -87.23% vs TSM's -89.08%.

Which has better risk-adjusted returns?

ACMR currently has the higher Sharpe Ratio (4.11 vs 3.74), 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.