ASM vs. TSM
ASM (Avino Silver & Gold Mines Ltd.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. ASM operates in Other Precious Metals & Mining (Basic Materials), while TSM operates in Semiconductors (Technology). Over the past 10 years, ASM returned 11.05%/yr vs 35.80%/yr for TSM. At a 0.14 correlation, their price movements are largely independent.
Performance
ASM vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, ASM achieves a 2.90% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, ASM has underperformed TSM with an annualized return of 11.05%, while TSM has yielded a comparatively higher 35.80% annualized return.
ASM
- 1D
- 6.86%
- 1M
- -10.50%
- YTD
- 2.90%
- 6M
- 7.58%
- 1Y
- 79.49%
- 3Y*
- 109.07%
- 5Y*
- 37.29%
- 10Y*
- 11.05%
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%
ASM vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | 2.90% | 604.88% | 68.13% | -22.95% | -21.01% | -33.77% | 124.14% | -4.92% | -54.48% | -2.19% |
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 ASM and TSM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Nov 21, 2005 | 0.14 |
The correlation between ASM and TSM shifts across timeframes, from 0.14 (all time) to 0.30 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
ASM:
$1.11B
TSM:
$2.20T
ASM:
$0.23
TSM:
NT$373.98
ASM:
28.13
TSM:
35.89
ASM:
0.08
TSM:
1.03
ASM:
9.37
TSM:
16.87
ASM:
4.02
TSM:
11.82
ASM:
$110.70M
TSM:
NT$4.13T
ASM:
$59.09M
TSM:
NT$2.55T
ASM:
$55.20M
TSM:
NT$3.14T
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Return for Risk
ASM vs. TSM — Risk / Return Rank
ASM
TSM
ASM vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avino Silver & Gold Mines Ltd. (ASM) 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.
| ASM | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.83 | ||
| Sortino ratioReturn per unit of downside risk | -1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.40 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 5.48 | -4.10 |
| Martin ratioReturn relative to average drawdown | 2.95 | 19.42 | -16.47 |
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Drawdowns
ASM vs. TSM - Drawdown Comparison
The maximum ASM drawdown since its inception was -94.10%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for ASM and TSM.
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Drawdown Indicators
| ASM | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.10% | -89.08% | -5.02% |
Max Drawdown (1Y)Largest decline over 1 year | -52.40% | -18.14% | -34.26% |
Max Drawdown (3Y)Largest decline over 3 years | -52.40% | -36.82% | -15.58% |
Max Drawdown (5Y)Largest decline over 5 years | -67.29% | -56.47% | -10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -90.91% | -56.47% | -34.44% |
Current DrawdownCurrent decline from peak | -43.15% | -4.87% | -38.28% |
Average DrawdownAverage peak-to-trough decline | -63.76% | -42.85% | -20.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.57% | 5.11% | +19.46% |
Volatility
ASM vs. TSM - Volatility Comparison
Avino Silver & Gold Mines Ltd. (ASM) has a higher volatility of 26.77% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that ASM'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
| ASM | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.77% | 13.42% | +13.35% |
Volatility (6M)Calculated over the trailing 6-month period | 65.36% | 28.65% | +36.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 82.16% | 36.69% | +45.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.03% | 37.46% | +28.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 69.72% | 34.23% | +35.49% |
Dividends
ASM vs. TSM - Dividend Comparison
ASM has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASM Avino Silver & Gold Mines Ltd. | 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 | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
ASM vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Avino Silver & Gold Mines Ltd. 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
ASM vs. TSM - Profitability Comparison
ASM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a gross profit of 25.51M and revenue of 41.41M. Therefore, the gross margin over that period was 61.6%.
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%.
ASM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported an operating income of 21.76M and revenue of 41.41M, resulting in an operating margin of 52.5%.
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%.
ASM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Avino Silver & Gold Mines Ltd. reported a net income of 15.69M and revenue of 41.41M, resulting in a net margin of 37.9%.
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
ASM and TSM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ASM has higher volatility (26.77%) compared to TSM (13.42%). In terms of maximum drawdown, ASM dropped -94.10% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.89), 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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