ASX vs. ASXFY

Last updated Jun 3, 2026

ASX (ASE Technology Holding Co., Ltd.) and ASXFY (ASX Limited ADR) are both stocks. ASX operates in Semiconductors (Technology), while ASXFY operates in Financial Data & Stock Exchanges (Financial Services). Over the past 10 years, ASX returned 26.93%/yr vs 4.27%/yr for ASXFY. At a 0.19 correlation, their price movements are largely independent.

Performance

ASX vs. ASXFY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ASE Technology Holding Co., Ltd. (ASX) and ASX Limited ADR (ASXFY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASX achieves a 143.85% return, which is significantly higher than ASXFY's 0.20% return. Over the past 10 years, ASX has outperformed ASXFY with an annualized return of 26.93%, while ASXFY has yielded a comparatively lower 4.27% annualized return.

ASX

• 1D: 2.86%
• 1M: 24.28%
• YTD: 143.85%
• 6M: 157.11%
• 1Y: 331.43%
• 3Y*: 77.25%
• 5Y*: 44.30%
• 10Y*: 26.93%

ASXFY

• 1D: -0.50%
• 1M: -24.12%
• YTD: 0.20%
• 6M: -9.29%
• 1Y: -25.78%
• 3Y*: -6.07%
• 5Y*: -7.83%
• 10Y*: 4.27%

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

ASX vs. ASXFY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ASX ASE Technology Holding Co., Ltd.	143.85%	65.68%	10.14%	60.87%	-12.75%	38.25%	8.13%	53.97%	-37.08%	31.93%
ASXFY ASX Limited ADR	0.20%	-12.34%	-2.90%	-3.74%	-29.53%	28.26%	-0.16%	38.13%	2.04%	22.62%

Correlation

The correlation between ASX and ASXFY is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.34
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.22
Correlation (All Time) Calculated using the full available price history since Jul 20, 2010	0.19

The correlation between ASX and ASXFY shifts across timeframes, from 0.19 (all time) to 0.34 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap ASX : $88.04B ASXFY : $6.52B
EPS ASX : $21.22 ASXFY : $5.18
PE Ratio ASX : 1.85 ASXFY : 6.48
PS Ratio ASX : 0.13 ASXFY : 3.22
PB Ratio ASX : 0.25 ASXFY : 1.67
Total Revenue (TTM) ASX : $666.14B ASXFY : $2.03B
Gross Profit (TTM) ASX : $122.03B ASXFY : $1.36B
EBITDA (TTM) ASX : $130.31B ASXFY : $2.27B

Return for Risk

ASX vs. ASXFY — Risk / Return Rank

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

ASX

ASX Risk / Return Rank: 99
ASX Sharpe Ratio Rank: 99
ASX Sortino Ratio Rank: 99
ASX Omega Ratio Rank: 98
ASX Calmar Ratio Rank: 99
ASX Martin Ratio Rank: 99

ASXFY

ASXFY Risk / Return Rank: 9
ASXFY Sharpe Ratio Rank: 8
ASXFY Sortino Ratio Rank: 11
ASXFY Omega Ratio Rank: 9
ASXFY Calmar Ratio Rank: 9
ASXFY Martin Ratio Rank: 8

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.

ASX vs. ASXFY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ASE Technology Holding Co., Ltd. (ASX) and ASX Limited ADR (ASXFY). 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.

	ASX	ASXFY	Difference
Sharpe ratio Return per unit of total volatility	7.65	-0.82	+8.47
Sortino ratio Return per unit of downside risk	6.37	-0.99	+7.37
Omega ratio Gain probability vs. loss probability	1.86	0.85	+1.01
Calmar ratio Return relative to maximum drawdown	19.86	-0.83	+20.68
Martin ratio Return relative to average drawdown	55.08	-1.36	+56.44
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASX vs. ASXFY - Sharpe Ratio Comparison

The current ASX Sharpe Ratio is 7.65, which is higher than the ASXFY Sharpe Ratio of -0.82. The chart below compares the historical Sharpe Ratios of ASX and ASXFY, 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

	ASX	ASXFY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	7.65	-0.82	+8.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.12	-0.27	+1.40
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	0.17	+0.54
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.26	+0.13

Drawdowns

ASX vs. ASXFY - Drawdown Comparison

The maximum ASX drawdown since its inception was -78.05%, which is greater than ASXFY's maximum drawdown of -46.78%. Use the drawdown chart below to compare losses from any high point for ASX and ASXFY.

Drawdown Indicators

	ASX	ASXFY	Difference
Max Drawdown Largest peak-to-trough decline	-78.05%	-46.78%	-31.27%
Max Drawdown (1Y) Largest decline over 1 year	-16.81%	-28.99%	+12.18%
Max Drawdown (3Y) Largest decline over 3 years	-40.64%	-28.99%	-11.65%
Max Drawdown (5Y) Largest decline over 5 years	-45.99%	-46.78%	+0.79%
Max Drawdown (10Y) Largest decline over 10 years	-54.17%	-46.78%	-7.39%
Current Drawdown Current decline from peak	-3.30%	-43.72%	+40.42%
Average Drawdown Average peak-to-trough decline	-22.59%	-14.84%	-7.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.06%	17.55%	-11.49%

Volatility

ASX vs. ASXFY - Volatility Comparison

ASE Technology Holding Co., Ltd. (ASX) and ASX Limited ADR (ASXFY) have volatilities of 19.10% and 18.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASX	ASXFY	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.10%	18.76%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	33.29%	27.26%	+6.03%
Volatility (1Y) Calculated over the trailing 1-year period	43.67%	31.51%	+12.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.69%	28.86%	+10.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.30%	25.69%	+12.61%

Dividends

ASX vs. ASXFY - Dividend Comparison

ASX's dividend yield for the trailing twelve months is around 0.91%, less than ASXFY's 4.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASX ASE Technology Holding Co., Ltd.	0.91%	2.23%	3.19%	6.07%	7.64%	3.86%	2.34%	2.88%	14.19%	2.51%	3.63%	4.00%
ASXFY ASX Limited ADR	4.34%	4.19%	3.40%	3.55%	3.59%	2.48%	2.98%	4.32%	3.66%	5.29%	7.92%	4.15%

Financials

ASX vs. ASXFY - Profitability Comparison

The chart below illustrates the profitability comparison between ASE Technology Holding Co., Ltd. and ASX Limited ADR over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ASX - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported a gross profit of 35.21B and revenue of 175.46B. Therefore, the gross margin over that period was 20.1%.

ASXFY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ASX Limited ADR reported a gross profit of 518.12M and revenue of 638.66M. Therefore, the gross margin over that period was 81.1%.

ASX - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported an operating income of 17.71B and revenue of 175.46B, resulting in an operating margin of 10.1%.

ASXFY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ASX Limited ADR reported an operating income of 376.07M and revenue of 638.66M, resulting in an operating margin of 58.9%.

ASX - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASE Technology Holding Co., Ltd. reported a net income of 14.29B and revenue of 175.46B, resulting in a net margin of 8.2%.

ASXFY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ASX Limited ADR reported a net income of 258.76M and revenue of 638.66M, resulting in a net margin of 40.5%.

Frequently Asked Questions

Can I hold both ASX and ASXFY in my portfolio?

ASX and ASXFY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASX or ASXFY?

ASX has higher volatility (19.10%) compared to ASXFY (18.76%). In terms of maximum drawdown, ASX dropped -78.05% vs ASXFY's -46.78%.

Which has better risk-adjusted returns?

ASX currently has the higher Sharpe Ratio (7.65 vs -0.82), 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.