AXON vs. TSM
AXON (Axon Enterprise, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. AXON operates in Aerospace & Defense (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, AXON returned 35.39%/yr vs 35.71%/yr for TSM. At a 0.30 correlation, their price movements are largely independent.
Performance
AXON vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, AXON achieves a -17.06% return, which is significantly lower than TSM's 40.84% return. Both investments have delivered pretty close results over the past 10 years, with AXON having a 35.39% annualized return and TSM not far ahead at 35.71%.
AXON
- 1D
- -3.10%
- 1M
- 16.73%
- YTD
- -17.06%
- 6M
- -14.84%
- 1Y
- -40.51%
- 3Y*
- 34.22%
- 5Y*
- 26.05%
- 10Y*
- 35.39%
TSM
- 1D
- 2.80%
- 1M
- 3.67%
- YTD
- 40.84%
- 6M
- 42.15%
- 1Y
- 110.53%
- 3Y*
- 63.10%
- 5Y*
- 31.67%
- 10Y*
- 35.71%
AXON vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, Inc. | -17.06% | -4.44% | 130.06% | 55.69% | 5.69% | 28.13% | 67.21% | 67.50% | 65.09% | 9.32% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.84% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between AXON and TSM is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Jun 8, 2001 | 0.30 |
The correlation between AXON and TSM shifts across timeframes, from 0.27 (1 year) to 0.37 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
AXON:
$38.85B
TSM:
$2.21T
AXON:
$2.41
TSM:
$373.98
AXON:
195.83
TSM:
1.14
AXON:
0.06
TSM:
0.03
AXON:
13.54
TSM:
0.54
AXON:
10.99
TSM:
0.38
AXON:
$2.98B
TSM:
$4.13T
AXON:
$1.77B
TSM:
$2.55T
AXON:
$156.24M
TSM:
$3.14T
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Return for Risk
AXON vs. TSM — Risk / Return Rank
AXON
TSM
AXON vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Axon Enterprise, Inc. (AXON) 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.
| AXON | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.79 | ||
| Sortino ratioReturn per unit of downside risk | -4.55 | ||
| Omega ratioGain probability vs. loss probability | 0.88 | 1.44 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 6.13 | -6.80 |
| Martin ratioReturn relative to average drawdown | -1.17 | 21.94 | -23.11 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AXON | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.73 | 3.06 | -3.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 0.85 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 1.05 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.37 | +0.15 |
Drawdowns
AXON vs. TSM - Drawdown Comparison
The maximum AXON drawdown since its inception was -91.78%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for AXON and TSM.
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Drawdown Indicators
| AXON | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.78% | -89.08% | -2.70% |
Max Drawdown (1Y)Largest decline over 1 year | -60.28% | -18.14% | -42.14% |
Max Drawdown (3Y)Largest decline over 3 years | -60.28% | -36.82% | -23.46% |
Max Drawdown (5Y)Largest decline over 5 years | -60.28% | -56.47% | -3.81% |
Max Drawdown (10Y)Largest decline over 10 years | -60.28% | -56.47% | -3.81% |
Current DrawdownCurrent decline from peak | -45.92% | -4.45% | -41.47% |
Average DrawdownAverage peak-to-trough decline | -43.59% | -42.87% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 34.81% | 5.06% | +29.75% |
Volatility
AXON vs. TSM - Volatility Comparison
Axon Enterprise, Inc. (AXON) has a higher volatility of 19.02% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 12.47%. This indicates that AXON'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
| AXON | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.02% | 12.47% | +6.55% |
Volatility (6M)Calculated over the trailing 6-month period | 44.22% | 28.23% | +15.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 55.73% | 36.40% | +19.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.97% | 37.40% | +10.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.19% | 34.20% | +14.99% |
Dividends
AXON vs. TSM - Dividend Comparison
AXON has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AXON Axon Enterprise, 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 | 0.78% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
AXON vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Axon Enterprise, 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
AXON vs. TSM - Profitability Comparison
AXON - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a gross profit of 477.29M and revenue of 807.35M. Therefore, the gross margin over that period was 59.1%.
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%.
AXON - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported an operating income of 29.24M and revenue of 807.35M, resulting in an operating margin of 3.6%.
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%.
AXON - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Axon Enterprise, Inc. reported a net income of 169.31M and revenue of 807.35M, resulting in a net margin of 21.0%.
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
AXON and TSM have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXON has higher volatility (19.02%) compared to TSM (12.47%). In terms of maximum drawdown, AXON dropped -91.78% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (3.06 vs -0.73), 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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