BESI.AS vs. TSM
BESI.AS (BE Semiconductor Industries NV) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — BESI.AS in Semiconductor Equipment & Materials, TSM in Semiconductors. Over the past 10 years, BESI.AS returned 45.97%/yr vs 35.37%/yr for TSM. At a 0.31 correlation, their price movements are largely independent.
Performance
BESI.AS vs. TSM - Performance Comparison
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Different Trading Currencies
BESI.AS is traded in EUR, while TSM is traded in USD. To make them comparable, the TSM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, BESI.AS achieves a 138.50% return, which is significantly higher than TSM's 42.38% return. Over the past 10 years, BESI.AS has outperformed TSM with an annualized return of 45.97%, while TSM has yielded a comparatively lower 35.37% annualized return.
BESI.AS
- 1D
- 2.96%
- 1M
- 22.77%
- YTD
- 138.50%
- 6M
- 141.48%
- 1Y
- 159.88%
- 3Y*
- 49.02%
- 5Y*
- 38.16%
- 10Y*
- 45.97%
TSM
- 1D
- 0.76%
- 1M
- 7.63%
- YTD
- 42.38%
- 6M
- 48.07%
- 1Y
- 99.27%
- 3Y*
- 57.11%
- 5Y*
- 32.51%
- 10Y*
- 35.37%
BESI.AS vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BESI.AS BE Semiconductor Industries NV | 138.50% | 3.45% | -1.42% | 149.92% | -19.95% | 55.27% | 48.11% | 98.55% | -37.76% | 134.30% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 42.38% | 37.40% | 105.29% | 38.06% | -32.83% | 20.48% | 76.79% | 68.57% | 1.02% | 24.08% |
Correlation
The correlation between BESI.AS and TSM is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Sep 5, 2007 | 0.31 |
The correlation between BESI.AS and TSM shifts across timeframes, from 0.31 (all time) to 0.50 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BESI.AS vs. TSM — Risk / Return Rank
BESI.AS
TSM
BESI.AS vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BE Semiconductor Industries NV (BESI.AS) 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.
| BESI.AS | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.41 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 7.51 | 6.38 | +1.13 |
| Martin ratioReturn relative to average drawdown | 22.09 | 20.57 | +1.52 |
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Drawdowns
BESI.AS vs. TSM - Drawdown Comparison
The maximum BESI.AS drawdown since its inception was -78.85%, which is greater than TSM's maximum drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for BESI.AS and TSM.
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Drawdown Indicators
| BESI.AS | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.85% | -50.24% | -28.61% |
Max Drawdown (1Y)Largest decline over 1 year | -20.90% | -15.66% | -5.24% |
Max Drawdown (3Y)Largest decline over 3 years | -54.52% | -40.23% | -14.29% |
Max Drawdown (5Y)Largest decline over 5 years | -54.52% | -50.24% | -4.28% |
Max Drawdown (10Y)Largest decline over 10 years | -58.19% | -50.24% | -7.95% |
Current DrawdownCurrent decline from peak | 0.00% | -4.37% | +4.37% |
Average DrawdownAverage peak-to-trough decline | -20.04% | -10.50% | -9.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.15% | 4.85% | +2.30% |
Volatility
BESI.AS vs. TSM - Volatility Comparison
BE Semiconductor Industries NV (BESI.AS) and Taiwan Semiconductor Manufacturing Company Limited (TSM) have volatilities of 12.61% and 12.84%, 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.
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Volatility by Period
| BESI.AS | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.61% | 12.84% | -0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 39.56% | 27.79% | +11.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.79% | 36.39% | +13.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.39% | 36.76% | +10.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 44.04% | 33.92% | +10.12% |
Dividends
BESI.AS vs. TSM - Dividend Comparison
BESI.AS's dividend yield for the trailing twelve months is around 0.50%, less than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BESI.AS BE Semiconductor Industries NV | 0.50% | 1.63% | 1.63% | 2.09% | 5.89% | 2.27% | 2.04% | 4.85% | 25.11% | 3.98% | 1.26% | 16.16% |
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
BESI.AS vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between BE Semiconductor Industries NV 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
Frequently Asked Questions
BESI.AS and TSM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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