BILI vs. TSM
BILI (Bilibili Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. BILI operates in Electronic Gaming & Multimedia (Communication Services), while TSM operates in Semiconductors (Technology). Over the past 5 years, BILI returned -30.66%/yr vs 31.30%/yr for TSM. At a 0.31 correlation, their price movements are largely independent.
Performance
BILI vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, BILI achieves a -27.37% return, which is significantly lower than TSM's 40.22% return.
BILI
- 1D
- -2.72%
- 1M
- -12.11%
- YTD
- -27.37%
- 6M
- -27.40%
- 1Y
- -10.79%
- 3Y*
- 1.92%
- 5Y*
- -30.66%
- 10Y*
- —
TSM
- 1D
- 0.68%
- 1M
- 1.72%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 103.01%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
BILI vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BILI Bilibili Inc. | -27.37% | 35.78% | 48.81% | -48.63% | -48.94% | -45.87% | 360.37% | 27.62% | 48.88% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -11.62% |
Correlation
The correlation between BILI and TSM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Mar 28, 2018 | 0.31 |
Fundamentals
BILI:
$8.21B
TSM:
$2.20T
BILI:
CN¥3.12
TSM:
NT$373.98
BILI:
38.79
TSM:
35.89
BILI:
1.78
TSM:
16.87
BILI:
3.57
TSM:
11.82
BILI:
CN¥30.77B
TSM:
NT$4.13T
BILI:
CN¥11.33B
TSM:
NT$2.55T
BILI:
CN¥1.53B
TSM:
NT$3.14T
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Return for Risk
BILI vs. TSM — Risk / Return Rank
BILI
TSM
BILI vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bilibili Inc. (BILI) 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.
| BILI | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.99 | ||
| Sortino ratioReturn per unit of downside risk | -3.38 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.40 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.27 | 5.48 | -5.75 |
| Martin ratioReturn relative to average drawdown | -0.60 | 19.42 | -20.02 |
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Drawdowns
BILI vs. TSM - Drawdown Comparison
The maximum BILI drawdown since its inception was -94.30%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for BILI and TSM.
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Drawdown Indicators
| BILI | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -94.30% | -89.08% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -52.06% | -18.14% | -33.92% |
Max Drawdown (3Y)Largest decline over 3 years | -53.12% | -36.82% | -16.30% |
Max Drawdown (5Y)Largest decline over 5 years | -92.97% | -56.47% | -36.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | -88.58% | -4.87% | -83.71% |
Average DrawdownAverage peak-to-trough decline | -57.96% | -42.85% | -15.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.32% | 5.11% | +18.21% |
Volatility
BILI vs. TSM - Volatility Comparison
Bilibili Inc. (BILI) has a higher volatility of 18.55% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that BILI'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
| BILI | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.55% | 13.42% | +5.13% |
Volatility (6M)Calculated over the trailing 6-month period | 36.58% | 28.65% | +7.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 49.74% | 36.69% | +13.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 79.14% | 37.46% | +41.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 73.93% | 34.23% | +39.70% |
Dividends
BILI vs. TSM - Dividend Comparison
BILI has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BILI Bilibili 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 | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
BILI vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Bilibili 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
BILI vs. TSM - Profitability Comparison
BILI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a gross profit of 2.76B and revenue of 7.43B. Therefore, the gross margin over that period was 37.1%.
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%.
BILI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported an operating income of 165.75M and revenue of 7.43B, resulting in an operating margin of 2.2%.
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%.
BILI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Bilibili Inc. reported a net income of 208.51M and revenue of 7.43B, resulting in a net margin of 2.8%.
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
BILI and TSM have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BILI has higher volatility (18.55%) compared to TSM (13.42%). In terms of maximum drawdown, BILI dropped -94.30% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs -0.28), 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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