CNSWF vs. TSM
CNSWF (Constellation Software Inc) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — CNSWF in Software - Application, TSM in Semiconductors. Over the past 10 years, CNSWF returned 18.47%/yr vs 35.80%/yr for TSM. At a 0.22 correlation, their price movements are largely independent.
Performance
CNSWF vs. TSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CNSWF achieves a -12.86% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, CNSWF has underperformed TSM with an annualized return of 18.47%, while TSM has yielded a comparatively higher 35.80% annualized return.
CNSWF
- 1D
- -4.59%
- 1M
- 13.58%
- YTD
- -12.86%
- 6M
- -12.08%
- 1Y
- -41.18%
- 3Y*
- 0.56%
- 5Y*
- 7.55%
- 10Y*
- 18.47%
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%
CNSWF vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CNSWF Constellation Software Inc | -12.86% | -22.46% | 24.90% | 59.77% | -15.99% | 43.09% | 34.48% | 53.34% | 6.04% | 33.51% |
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 CNSWF and TSM is -0.01, 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 | -0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2007 | 0.22 |
The correlation between CNSWF and TSM shifts across timeframes, from -0.01 (1 year) to 0.30 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CNSWF:
$44.29B
TSM:
$2.20T
CNSWF:
$34.82
TSM:
NT$373.98
CNSWF:
60.03
TSM:
35.89
CNSWF:
3.18
TSM:
1.03
CNSWF:
3.66
TSM:
16.87
CNSWF:
11.37
TSM:
11.82
CNSWF:
$12.11B
TSM:
NT$4.13T
CNSWF:
$4.15B
TSM:
NT$2.55T
CNSWF:
$2.77B
TSM:
NT$3.14T
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CNSWF vs. TSM — Risk / Return Rank
CNSWF
TSM
CNSWF vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Software Inc (CNSWF) 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.
| CNSWF | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.78 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.40 | -0.57 |
| Calmar ratioReturn relative to maximum drawdown | -0.76 | 5.48 | -6.25 |
| Martin ratioReturn relative to average drawdown | -1.15 | 19.42 | -20.58 |
Loading charts...
Drawdowns
CNSWF vs. TSM - Drawdown Comparison
The maximum CNSWF drawdown since its inception was -55.25%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for CNSWF and TSM.
Loading charts...
Drawdown Indicators
| CNSWF | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.25% | -89.08% | +33.83% |
Max Drawdown (1Y)Largest decline over 1 year | -55.12% | -18.14% | -36.98% |
Max Drawdown (3Y)Largest decline over 3 years | -55.25% | -36.82% | -18.43% |
Max Drawdown (5Y)Largest decline over 5 years | -55.25% | -56.47% | +1.22% |
Max Drawdown (10Y)Largest decline over 10 years | -55.25% | -56.47% | +1.22% |
Current DrawdownCurrent decline from peak | -43.59% | -4.87% | -38.72% |
Average DrawdownAverage peak-to-trough decline | -6.91% | -42.85% | +35.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.56% | 5.11% | +31.45% |
Volatility
CNSWF vs. TSM - Volatility Comparison
Constellation Software Inc (CNSWF) and Taiwan Semiconductor Manufacturing Company Limited (TSM) have volatilities of 13.88% and 13.42%, 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.
Loading charts...
Volatility by Period
| CNSWF | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.88% | 13.42% | +0.46% |
Volatility (6M)Calculated over the trailing 6-month period | 34.02% | 28.65% | +5.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.50% | 36.69% | +4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.11% | 37.46% | -7.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.94% | 34.23% | -5.29% |
Dividends
CNSWF vs. TSM - Dividend Comparison
CNSWF's dividend yield for the trailing twelve months is around 0.19%, less than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CNSWF Constellation Software Inc | 0.19% | 0.17% | 0.13% | 0.16% | 0.26% | 0.22% | 0.41% | 0.41% | 0.63% | 0.83% | 1.76% | 0.96% |
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
CNSWF vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Constellation Software 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
CNSWF vs. TSM - Profitability Comparison
CNSWF - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported a gross profit of 733.69M and revenue of 3.14B. Therefore, the gross margin over that period was 23.4%.
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%.
CNSWF - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported an operating income of 452.64M and revenue of 3.14B, resulting in an operating margin of 14.4%.
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%.
CNSWF - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Constellation Software Inc reported a net income of 361.92M and revenue of 3.14B, resulting in a net margin of 11.5%.
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
CNSWF and TSM have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CNSWF has higher volatility (13.88%) compared to TSM (13.42%). In terms of maximum drawdown, CNSWF dropped -55.25% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs -1.02), 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.
Find the right allocation for CNSWF and TSM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer