AGX vs. TSM
AGX (Argan, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. AGX operates in Engineering & Construction (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, AGX returned 35.01%/yr vs 35.80%/yr for TSM. At a 0.17 correlation, their price movements are largely independent.
Performance
AGX vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, AGX achieves a 105.22% return, which is significantly higher than TSM's 40.22% return. Both investments have delivered pretty close results over the past 10 years, with AGX having a 35.01% annualized return and TSM not far ahead at 35.80%.
AGX
- 1D
- 2.89%
- 1M
- -10.87%
- YTD
- 105.22%
- 6M
- 101.00%
- 1Y
- 190.56%
- 3Y*
- 154.34%
- 5Y*
- 71.15%
- 10Y*
- 35.01%
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
AGX vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 105.22% | 130.61% | 198.31% | 30.24% | -2.01% | -11.64% | 19.15% | 8.62% | -14.32% | -34.26% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between AGX and TSM is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.17 |
Over the past year, AGX and TSM have become more correlated (0.40) than their long-term average of 0.17, meaning their price movements have been converging.
Fundamentals
AGX:
$9.11B
TSM:
$2.20T
AGX:
$11.38
TSM:
NT$373.98
AGX:
56.36
TSM:
35.89
AGX:
1.03
TSM:
1.03
AGX:
8.72
TSM:
16.87
AGX:
19.24
TSM:
11.82
AGX:
$1.04B
TSM:
NT$4.13T
AGX:
$217.93M
TSM:
NT$2.55T
AGX:
$163.99M
TSM:
NT$3.14T
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Return for Risk
AGX vs. TSM — Risk / Return Rank
AGX
TSM
AGX vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Argan, Inc. (AGX) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AGX | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 7.68 | 5.48 | +2.20 |
| Martin ratioReturn relative to average drawdown | 21.89 | 19.42 | +2.47 |
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Drawdowns
AGX vs. TSM - Drawdown Comparison
The maximum AGX drawdown since its inception was -94.37%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for AGX and TSM.
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Drawdown Indicators
| AGX | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.37% | -89.08% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -18.14% | -6.82% |
Max Drawdown (3Y)Largest decline over 3 years | -43.75% | -36.82% | -6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -43.75% | -56.47% | +12.72% |
Max Drawdown (10Y)Largest decline over 10 years | -54.61% | -56.47% | +1.86% |
Current DrawdownCurrent decline from peak | -13.39% | -4.87% | -8.52% |
Average DrawdownAverage peak-to-trough decline | -48.33% | -42.85% | -5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.78% | 5.11% | +3.67% |
Volatility
AGX vs. TSM - Volatility Comparison
Argan, Inc. (AGX) has a higher volatility of 18.53% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that AGX'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.
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Volatility by Period
| AGX | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.53% | 13.42% | +5.11% |
Volatility (6M)Calculated over the trailing 6-month period | 54.47% | 28.65% | +25.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.07% | 36.69% | +37.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.95% | 37.46% | +13.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.88% | 34.23% | +11.65% |
Dividends
AGX vs. TSM - Dividend Comparison
AGX's dividend yield for the trailing twelve months is around 0.29%, less than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGX Argan, Inc. | 0.29% | 0.52% | 0.93% | 2.24% | 2.71% | 1.94% | 7.31% | 2.49% | 1.98% | 4.44% | 1.42% | 2.16% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
AGX vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Argan, Inc. and Taiwan Semiconductor Manufacturing Company Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AGX vs. TSM - Profitability Comparison
AGX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a gross profit of 61.11M and revenue of 290.95M. Therefore, the gross margin over that period was 21.0%.
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%.
AGX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported an operating income of 45.40M and revenue of 290.95M, 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%.
AGX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Argan, Inc. reported a net income of 46.06M and revenue of 290.95M, resulting in a net margin of 15.8%.
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
AGX and TSM have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AGX has higher volatility (18.53%) compared to TSM (13.42%). In terms of maximum drawdown, AGX dropped -94.37% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 2.59), 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.
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