CAMT vs. TSM
CAMT (Camtek Ltd) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — CAMT in Semiconductor Equipment & Materials, TSM in Semiconductors. Over the past 10 years, CAMT returned 51.14%/yr vs 34.32%/yr for TSM. At a 0.29 correlation, their price movements are largely independent.
Performance
CAMT vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, CAMT achieves a 38.31% return, which is significantly lower than TSM's 40.45% return. Over the past 10 years, CAMT has outperformed TSM with an annualized return of 51.14%, while TSM has yielded a comparatively lower 34.32% annualized return.
CAMT
- 1D
- 0.64%
- 1M
- -24.63%
- 6M
- 0.79%
- YTD
- 38.31%
- 1Y
- 59.00%
- 3Y*
- 50.21%
- 5Y*
- 33.26%
- 10Y*
- 51.14%
- ALL TIME*
- 13.14%
TSM
- 1D
- 5.55%
- 1M
- -8.12%
- 6M
- 30.46%
- YTD
- 40.45%
- 1Y
- 79.71%
- 3Y*
- 65.76%
- 5Y*
- 31.62%
- 10Y*
- 34.32%
- ALL TIME*
- 16.41%
CAMT vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CAMT Camtek Ltd | 38.31% | 31.66% | 18.33% | 215.94% | -52.30% | 110.13% | 102.31% | 63.19% | 20.41% | 77.72% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.45% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between CAMT and TSM is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 28, 2000 | 0.29 |
Over the past year, CAMT and TSM have become more correlated (0.56) than their long-term average of 0.29, meaning their price movements have been converging.
Fundamentals
CAMT:
$6.86B
TSM:
$2.20T
CAMT:
$0.98
TSM:
NT$432.27
CAMT:
150.18
TSM:
31.72
CAMT:
30.61
TSM:
0.88
CAMT:
14.46
TSM:
15.98
CAMT:
11.09
TSM:
11.05
CAMT:
$499.09M
TSM:
NT$4.45T
CAMT:
$250.68M
TSM:
NT$2.86T
CAMT:
$122.77M
TSM:
NT$3.20T
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Return for Risk
CAMT vs. TSM — Risk / Return Rank
CAMT
TSM
CAMT vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Camtek Ltd (CAMT) 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.
| CAMT | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.32 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.66 | 4.42 | -2.76 |
| Martin ratioReturn relative to average drawdown | 4.38 | 13.80 | -9.42 |
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Drawdowns
CAMT vs. TSM - Drawdown Comparison
The maximum CAMT drawdown since its inception was -97.71%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for CAMT and TSM.
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Drawdown Indicators
| CAMT | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.71% | -89.08% | -8.63% |
Max Drawdown (1Y)Largest decline over 1 year | -35.77% | -18.14% | -17.63% |
Max Drawdown (3Y)Largest decline over 3 years | -63.16% | -36.82% | -26.34% |
Max Drawdown (5Y)Largest decline over 5 years | -63.16% | -56.47% | -6.69% |
Max Drawdown (10Y)Largest decline over 10 years | -63.16% | -56.47% | -6.69% |
Current DrawdownCurrent decline from peak | -29.10% | -11.09% | -18.01% |
Average DrawdownAverage peak-to-trough decline | -55.59% | -42.72% | -12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.52% | 5.80% | +7.72% |
Volatility
CAMT vs. TSM - Volatility Comparison
Camtek Ltd (CAMT) has a higher volatility of 26.47% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 16.03%. This indicates that CAMT'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
| CAMT | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.47% | 16.03% | +10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 53.96% | 32.13% | +21.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.70% | 39.73% | +27.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 56.88% | 38.14% | +18.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 52.55% | 34.64% | +17.91% |
Dividends
CAMT vs. TSM - Dividend Comparison
CAMT 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAMT Camtek Ltd | 0.00% | 0.00% | 1.65% | 0.00% | 0.00% | 0.00% | 0.00% | 1.57% | 2.07% | 2.45% | 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
CAMT vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Camtek Ltd 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
CAMT vs. TSM - Profitability Comparison
CAMT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Camtek Ltd reported a gross profit of 60.93M and revenue of 121.66M. Therefore, the gross margin over that period was 50.1%.
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%.
CAMT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Camtek Ltd reported an operating income of 27.27M and revenue of 121.66M, resulting in an operating margin of 22.4%.
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%.
CAMT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Camtek Ltd reported a net income of 31.65M and revenue of 121.66M, resulting in a net margin of 26.0%.
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
CAMT and TSM have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAMT has higher volatility (26.47%) compared to TSM (16.03%). In terms of maximum drawdown, CAMT dropped -97.71% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.02 vs 0.88), 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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