AIA vs. TSM
AIA (iShares Asia 50 ETF) is Asia Pacific Equities fund tracking the S&P Asia 50, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 10 years, AIA returned 15.05%/yr vs 35.80%/yr for TSM. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
AIA vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, AIA achieves a 44.56% return, which is significantly higher than TSM's 40.22% return. Over the past 10 years, AIA has underperformed TSM with an annualized return of 15.05%, while TSM has yielded a comparatively higher 35.80% annualized return.
AIA
- 1D
- 0.54%
- 1M
- 6.70%
- YTD
- 44.56%
- 6M
- 50.54%
- 1Y
- 83.79%
- 3Y*
- 34.57%
- 5Y*
- 11.52%
- 10Y*
- 15.05%
TSM
- 1D
- 0.68%
- 1M
- 5.09%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 103.01%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
AIA vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 44.56% | 47.79% | 20.26% | 4.32% | -24.08% | -10.91% | 33.73% | 22.21% | -14.22% | 45.00% |
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 AIA and TSM is 0.71, 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 | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 20, 2007 | 0.67 |
The correlation between AIA and TSM has been stable across timeframes, ranging from 0.65 to 0.71 - a consistent structural relationship.
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Return for Risk
AIA vs. TSM — Risk / Return Rank
AIA
TSM
AIA vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Asia 50 ETF (AIA) 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.
| AIA | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.40 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 5.70 | 5.48 | +0.21 |
| Martin ratioReturn relative to average drawdown | 19.76 | 19.42 | +0.33 |
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Drawdowns
AIA vs. TSM - Drawdown Comparison
The maximum AIA drawdown since its inception was -60.89%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for AIA and TSM.
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Drawdown Indicators
| AIA | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.89% | -89.08% | +28.19% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -18.14% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -36.82% | +15.18% |
Max Drawdown (5Y)Largest decline over 5 years | -50.11% | -56.47% | +6.36% |
Max Drawdown (10Y)Largest decline over 10 years | -54.64% | -56.47% | +1.83% |
Current DrawdownCurrent decline from peak | -6.44% | -4.87% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -16.66% | -42.85% | +26.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 5.11% | -1.03% |
Volatility
AIA vs. TSM - Volatility Comparison
iShares Asia 50 ETF (AIA) has a higher volatility of 14.34% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that AIA'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
| AIA | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.34% | 13.42% | +0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 24.49% | 28.65% | -4.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 27.93% | 36.69% | -8.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.96% | 37.46% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.78% | 34.23% | -10.45% |
Dividends
AIA vs. TSM - Dividend Comparison
AIA's dividend yield for the trailing twelve months is around 1.73%, more than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AIA iShares Asia 50 ETF | 1.73% | 2.50% | 2.78% | 2.07% | 2.59% | 1.54% | 1.11% | 2.24% | 2.49% | 1.45% | 2.29% | 2.88% |
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% |
Frequently Asked Questions
AIA and TSM have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AIA has higher volatility (14.34%) compared to TSM (13.42%). In terms of maximum drawdown, AIA dropped -60.89% vs TSM's -89.08%.
AIA currently has the higher Sharpe Ratio (2.89 vs 2.71), 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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