BN vs. TSM
BN (Brookfield Corporation) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. BN operates in Asset Management (Financial Services), while TSM operates in Semiconductors (Technology). Over the past 10 years, BN returned 15.61%/yr vs 35.80%/yr for TSM. At a 0.35 correlation, their price movements are largely independent.
Performance
BN vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, BN achieves a -1.31% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, BN has underperformed TSM with an annualized return of 15.61%, while TSM has yielded a comparatively higher 35.80% annualized return.
BN
- 1D
- 0.40%
- 1M
- 0.27%
- YTD
- -1.31%
- 6M
- -0.68%
- 1Y
- 15.16%
- 3Y*
- 28.32%
- 5Y*
- 12.10%
- 10Y*
- 15.61%
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
BN vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | -1.31% | 20.54% | 44.18% | 28.60% | -34.80% | 49.30% | 8.99% | 52.68% | -10.65% | 33.82% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between BN and TSM is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.35 |
The correlation between BN and TSM shifts across timeframes, from 0.35 (all time) to 0.48 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
BN:
$107.01B
TSM:
$2.20T
BN:
$0.56
TSM:
NT$373.98
BN:
80.05
TSM:
35.89
BN:
175.42
TSM:
1.03
BN:
1.40
TSM:
16.87
BN:
2.50
TSM:
11.82
BN:
$76.58B
TSM:
NT$4.13T
BN:
$27.02B
TSM:
NT$2.55T
BN:
$31.07B
TSM:
NT$3.14T
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Return for Risk
BN vs. TSM — Risk / Return Rank
BN
TSM
BN vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brookfield Corporation (BN) 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.
| BN | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.18 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 5.48 | -4.79 |
| Martin ratioReturn relative to average drawdown | 1.90 | 19.42 | -17.52 |
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Drawdowns
BN vs. TSM - Drawdown Comparison
The maximum BN drawdown since its inception was -82.22%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for BN and TSM.
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Drawdown Indicators
| BN | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.22% | -89.08% | +6.86% |
Max Drawdown (1Y)Largest decline over 1 year | -22.05% | -18.14% | -3.91% |
Max Drawdown (3Y)Largest decline over 3 years | -27.84% | -36.82% | +8.98% |
Max Drawdown (5Y)Largest decline over 5 years | -41.85% | -56.47% | +14.62% |
Max Drawdown (10Y)Largest decline over 10 years | -51.42% | -56.47% | +5.05% |
Current DrawdownCurrent decline from peak | -7.89% | -4.87% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -28.51% | -42.85% | +14.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.99% | 5.11% | +2.88% |
Volatility
BN vs. TSM - Volatility Comparison
The current volatility for Brookfield Corporation (BN) is 10.05%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.42%. This indicates that BN experiences smaller price fluctuations and is considered to be less risky 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
| BN | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.05% | 13.42% | -3.37% |
Volatility (6M)Calculated over the trailing 6-month period | 22.60% | 28.65% | -6.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 28.82% | 36.69% | -7.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 31.27% | 37.46% | -6.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 30.17% | 34.23% | -4.06% |
Dividends
BN vs. TSM - Dividend Comparison
BN's dividend yield for the trailing twelve months is around 0.55%, less than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BN Brookfield Corporation | 0.55% | 0.52% | 0.56% | 0.70% | 1.44% | 1.12% | 1.55% | 1.11% | 1.56% | 1.29% | 1.58% | 1.50% |
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
BN vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Brookfield Corporation 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
BN vs. TSM - Profitability Comparison
BN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a gross profit of 4.43B and revenue of 18.39B. Therefore, the gross margin over that period was 24.1%.
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%.
BN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported an operating income of 4.39B and revenue of 18.39B, resulting in an operating margin of 23.9%.
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%.
BN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Brookfield Corporation reported a net income of 100.59M and revenue of 18.39B, resulting in a net margin of 0.6%.
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
BN and TSM have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (13.42%) compared to BN (10.05%). In terms of maximum drawdown, BN dropped -82.22% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.53), 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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