ASX vs. UMC
ASX (ASE Technology Holding Co., Ltd.) and UMC (United Microelectronics Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, ASX returned 29.30%/yr vs 36.83%/yr for UMC. A 0.52 correlation means they provide meaningful diversification when combined.
Performance
ASX vs. UMC - Performance Comparison
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Returns By Period
In the year-to-date period, ASX achieves a 170.93% return, which is significantly lower than UMC's 249.87% return. Over the past 10 years, ASX has underperformed UMC with an annualized return of 29.30%, while UMC has yielded a comparatively higher 36.83% annualized return.
ASX
- 1D
- 7.54%
- 1M
- 25.31%
- YTD
- 170.93%
- 6M
- 184.17%
- 1Y
- 346.22%
- 3Y*
- 79.24%
- 5Y*
- 46.47%
- 10Y*
- 29.30%
UMC
- 1D
- 14.20%
- 1M
- 50.93%
- YTD
- 249.87%
- 6M
- 238.25%
- 1Y
- 257.12%
- 3Y*
- 57.63%
- 5Y*
- 31.54%
- 10Y*
- 36.83%
ASX vs. UMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 170.93% | 65.68% | 10.14% | 60.87% | -12.75% | 38.25% | 8.13% | 53.97% | -37.08% | 31.93% |
UMC United Microelectronics Corporation | 249.87% | 28.65% | -19.01% | 39.20% | -40.32% | 43.16% | 230.69% | 56.10% | -21.85% | 39.99% |
Correlation
The correlation between ASX and UMC is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.52 |
The correlation between ASX and UMC shifts across timeframes, from 0.46 (1 year) to 0.66 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
ASX:
$97.82B
UMC:
$13.84B
ASX:
NT$21.22
UMC:
NT$24.95
ASX:
64.96
UMC:
34.83
ASX:
4.60
UMC:
7.25
ASX:
8.82
UMC:
1.08
ASX:
NT$666.14B
UMC:
NT$240.73B
ASX:
NT$122.03B
UMC:
NT$71.28B
ASX:
NT$130.31B
UMC:
NT$119.50B
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Return for Risk
ASX vs. UMC — Risk / Return Rank
ASX
UMC
ASX vs. UMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ASE Technology Holding Co., Ltd. (ASX) and United Microelectronics Corporation (UMC). 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.
| ASX | UMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.81 | 1.68 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 20.76 | 8.35 | +12.41 |
| Martin ratioReturn relative to average drawdown | 54.16 | 20.92 | +33.24 |
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Drawdowns
ASX vs. UMC - Drawdown Comparison
The maximum ASX drawdown since its inception was -78.05%, which is greater than UMC's maximum drawdown of -72.52%. Use the drawdown chart below to compare losses from any high point for ASX and UMC.
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Drawdown Indicators
| ASX | UMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.05% | -72.52% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -16.81% | -31.01% | +14.20% |
Max Drawdown (3Y)Largest decline over 3 years | -40.64% | -36.00% | -4.64% |
Max Drawdown (5Y)Largest decline over 5 years | -45.99% | -54.30% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -54.17% | -54.30% | +0.13% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -22.55% | -42.50% | +19.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.43% | 12.35% | -5.92% |
Volatility
ASX vs. UMC - Volatility Comparison
The current volatility for ASE Technology Holding Co., Ltd. (ASX) is 24.54%, while United Microelectronics Corporation (UMC) has a volatility of 27.90%. This indicates that ASX experiences smaller price fluctuations and is considered to be less risky than UMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASX | UMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.54% | 27.90% | -3.36% |
Volatility (6M)Calculated over the trailing 6-month period | 37.59% | 48.10% | -10.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.57% | 53.81% | -6.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.50% | 40.82% | -0.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 38.78% | 40.22% | -1.44% |
Dividends
ASX vs. UMC - Dividend Comparison
ASX's dividend yield for the trailing twelve months is around 0.82%, less than UMC's 1.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASX ASE Technology Holding Co., Ltd. | 0.82% | 2.23% | 3.19% | 6.07% | 7.64% | 3.86% | 2.34% | 2.88% | 14.19% | 2.51% | 3.63% | 4.00% |
UMC United Microelectronics Corporation | 1.73% | 6.06% | 7.14% | 6.93% | 7.92% | 2.44% | 1.62% | 3.51% | 6.59% | 2.41% | 3.61% | 3.15% |
Financials
ASX vs. UMC - Financials Comparison
This section allows you to compare key financial metrics between ASE Technology Holding Co., Ltd. and United Microelectronics Corporation. 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
ASX vs. UMC - Profitability Comparison
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%.
UMC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, United Microelectronics Corporation reported a gross profit of 17.82B and revenue of 61.04B. Therefore, the gross margin over that period was 29.2%.
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%.
UMC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, United Microelectronics Corporation reported an operating income of 11.22B and revenue of 61.04B, resulting in an operating margin of 18.4%.
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%.
UMC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, United Microelectronics Corporation reported a net income of 16.17B and revenue of 61.04B, resulting in a net margin of 26.5%.
Frequently Asked Questions
ASX and UMC have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UMC has higher volatility (27.90%) compared to ASX (24.54%). In terms of maximum drawdown, ASX dropped -78.05% vs UMC's -72.52%.
ASX currently has the higher Sharpe Ratio (7.35 vs 4.82), 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.
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