AVAV vs. TSM
AVAV (AeroVironment, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. AVAV operates in Aerospace & Defense (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, AVAV returned 17.89%/yr vs 33.60%/yr for TSM. At a 0.30 correlation, their price movements are largely independent.
Performance
AVAV vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, AVAV achieves a -41.05% return, which is significantly lower than TSM's 33.07% return. Over the past 10 years, AVAV has underperformed TSM with an annualized return of 17.89%, while TSM has yielded a comparatively higher 33.60% annualized return.
AVAV
- 1D
- 0.28%
- 1M
- -15.92%
- 6M
- -63.70%
- YTD
- -41.05%
- 1Y
- -47.96%
- 3Y*
- 13.91%
- 5Y*
- 7.74%
- 10Y*
- 17.89%
- ALL TIME*
- 9.35%
TSM
- 1D
- 0.99%
- 1M
- -12.94%
- 6M
- 18.10%
- YTD
- 33.07%
- 1Y
- 69.17%
- 3Y*
- 62.80%
- 5Y*
- 29.92%
- 10Y*
- 33.60%
- ALL TIME*
- 16.19%
AVAV vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | -41.05% | 57.18% | 22.10% | 47.14% | 38.09% | -28.62% | 40.75% | -9.14% | 20.99% | 109.32% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 33.07% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between AVAV and TSM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2007 | 0.30 |
Fundamentals
AVAV:
$7.22B
TSM:
$2.09T
AVAV:
-$5.41
TSM:
NT$432.27
AVAV:
4.93
TSM:
15.18
AVAV:
1.64
TSM:
10.50
AVAV:
$1.42B
TSM:
NT$4.45T
AVAV:
$246.70M
TSM:
NT$2.86T
AVAV:
-$6.04M
TSM:
NT$3.20T
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Return for Risk
AVAV vs. TSM — Risk / Return Rank
AVAV
TSM
AVAV vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AeroVironment, Inc. (AVAV) 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.
| AVAV | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.42 | ||
| Sortino ratioReturn per unit of downside risk | -3.11 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.29 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.72 | 3.83 | -4.55 |
| Martin ratioReturn relative to average drawdown | -1.22 | 12.06 | -13.28 |
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Drawdowns
AVAV vs. TSM - Drawdown Comparison
The maximum AVAV drawdown since its inception was -66.65%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for AVAV and TSM.
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Drawdown Indicators
| AVAV | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -66.65% | -89.08% | +22.43% |
Max Drawdown (1Y)Largest decline over 1 year | -66.65% | -18.14% | -48.51% |
Max Drawdown (3Y)Largest decline over 3 years | -66.65% | -36.82% | -29.83% |
Max Drawdown (5Y)Largest decline over 5 years | -66.65% | -56.47% | -10.18% |
Max Drawdown (10Y)Largest decline over 10 years | -66.65% | -56.47% | -10.18% |
Current DrawdownCurrent decline from peak | -65.21% | -15.76% | -49.45% |
Average DrawdownAverage peak-to-trough decline | -28.88% | -42.73% | +13.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.22% | 5.76% | +33.46% |
Volatility
AVAV vs. TSM - Volatility Comparison
AeroVironment, Inc. (AVAV) has a higher volatility of 29.43% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 16.57%. This indicates that AVAV'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
| AVAV | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.43% | 16.57% | +12.86% |
Volatility (6M)Calculated over the trailing 6-month period | 60.09% | 31.69% | +28.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 73.41% | 39.45% | +33.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 57.39% | 38.06% | +19.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.82% | 34.60% | +18.22% |
Dividends
AVAV vs. TSM - Dividend Comparison
AVAV has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVAV AeroVironment, Inc. | 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 | 0.88% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
AVAV vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between AeroVironment, 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
AVAV vs. TSM - Profitability Comparison
AVAV - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a gross profit of 0.00 and revenue of 80.12M. Therefore, the gross margin over that period was 0.0%.
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 860.31B and revenue of 1.27T. Therefore, the gross margin over that period was 67.7%.
AVAV - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported an operating income of 56.94M and revenue of 80.12M, resulting in an operating margin of 71.1%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 766.60B and revenue of 1.27T, resulting in an operating margin of 60.3%.
AVAV - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, AeroVironment, Inc. reported a net income of -24.10M and revenue of 80.12M, resulting in a net margin of -30.1%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 706.56B and revenue of 1.27T, resulting in a net margin of 55.6%.
Frequently Asked Questions
AVAV and TSM have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVAV has higher volatility (29.43%) compared to TSM (16.57%). In terms of maximum drawdown, AVAV dropped -66.65% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (1.77 vs -0.66), 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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