CBAPM.AX vs. TSM

Last updated Jun 5, 2026

CBAPM.AX (Commonwealth Bank of Australia) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. CBAPM.AX operates in Banks - Diversified (Financial Services), while TSM operates in Semiconductors (Technology). Over the past year, CBAPM.AX returned 5.10% vs 90.72% for TSM. At a correlation of -0.02, they often move in opposite directions.

Performance

CBAPM.AX vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a A$10,000 investment in Commonwealth Bank of Australia (CBAPM.AX) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CBAPM.AX is traded in AUD, while TSM is traded in USD. To make them comparable, the TSM values have been converted to AUD using the latest available exchange rates.

Returns By Period

In the year-to-date period, CBAPM.AX achieves a 0.85% return, which is significantly lower than TSM's 29.73% return.

CBAPM.AX

• 1D: 0.19%
• 1M: 0.75%
• YTD: 0.85%
• 6M: 2.30%
• 1Y: 5.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSM

• 1D: -5.54%
• 1M: 1.66%
• YTD: 29.73%
• 6M: 33.44%
• 1Y: 90.72%
• 3Y*: 60.23%
• 5Y*: 32.90%
• 10Y*: 35.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

CBAPM.AX vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CBAPM.AX Commonwealth Bank of Australia	0.85%	5.80%	8.03%	4.52%
TSM Taiwan Semiconductor Manufacturing Company Limited	29.73%	44.59%	111.96%	1.39%

Correlation

The correlation between CBAPM.AX and TSM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (All Time) Calculated using the full available price history since Jun 19, 2023	-0.02

Return for Risk

CBAPM.AX vs. TSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

CBAPM.AX

CBAPM.AX Risk / Return Rank: 76
CBAPM.AX Sharpe Ratio Rank: 75
CBAPM.AX Sortino Ratio Rank: 70
CBAPM.AX Omega Ratio Rank: 77
CBAPM.AX Calmar Ratio Rank: 79
CBAPM.AX Martin Ratio Rank: 80

TSM

TSM Risk / Return Rank: 93
TSM Sharpe Ratio Rank: 94
TSM Sortino Ratio Rank: 92
TSM Omega Ratio Rank: 90
TSM Calmar Ratio Rank: 93
TSM Martin Ratio Rank: 96

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CBAPM.AX vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Commonwealth Bank of Australia (CBAPM.AX) 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.

	CBAPM.AX	TSM	Difference
Sharpe ratio: Return per unit of total volatility	1.17	2.71	-1.54
Sortino ratio: Return per unit of downside risk	1.73	3.43	-1.70
Omega ratio: Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	2.54	6.00	-3.46
Martin ratio: Return relative to average drawdown	6.73	18.53	-11.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CBAPM.AX vs. TSM - Sharpe Ratio Comparison

The current CBAPM.AX Sharpe Ratio is 1.17, which is lower than the TSM Sharpe Ratio of 2.71. The chart below compares the historical Sharpe Ratios of CBAPM.AX and TSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	CBAPM.AX	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.17	2.71	-1.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.95	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.13	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	0.82	+0.40

Drawdowns

CBAPM.AX vs. TSM - Drawdown Comparison

The maximum CBAPM.AX drawdown since its inception was -2.61%, smaller than the maximum TSM drawdown of -51.19%. Use the drawdown chart below to compare losses from any high point for CBAPM.AX and TSM.

Drawdown Indicators

	CBAPM.AX	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-51.19%	+48.58%
Max Drawdown (1Y) Largest decline over 1 year	-2.31%	-15.20%	+12.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-35.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-51.19%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.19%	—
Current Drawdown Current decline from peak	-0.48%	-5.54%	+5.06%
Average Drawdown Average peak-to-trough decline	-0.60%	-11.30%	+10.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.87%	4.91%	-4.04%

Volatility

CBAPM.AX vs. TSM - Volatility Comparison

The current volatility for Commonwealth Bank of Australia (CBAPM.AX) is 1.07%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 11.36%. This indicates that CBAPM.AX 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.

Volatility by Period

	CBAPM.AX	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	11.36%	-10.29%
Volatility (6M) Calculated over the trailing 6-month period	2.94%	25.95%	-23.01%
Volatility (1Y) Calculated over the trailing 1-year period	5.04%	33.64%	-28.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.29%	34.77%	-29.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	32.00%	-26.71%

Dividends

CBAPM.AX vs. TSM - Dividend Comparison

CBAPM.AX's dividend yield for the trailing twelve months is around 5.76%, more than TSM's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CBAPM.AX Commonwealth Bank of Australia	4.56%	4.60%	4.93%	2.55%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.80%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

Frequently Asked Questions

Can I hold both CBAPM.AX and TSM in my portfolio?

CBAPM.AX and TSM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.