CPH.TO vs. TSM
CPH.TO (Cipher Pharmaceuticals Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. CPH.TO operates in Drug Manufacturers - Specialty & Generic (Healthcare), while TSM operates in Semiconductors (Technology). Over the past 10 years, CPH.TO returned 8.89%/yr vs 36.95%/yr for TSM. At a 0.07 correlation, their price movements are largely independent.
Performance
CPH.TO vs. TSM - Performance Comparison
Loading charts...
Different Trading Currencies
CPH.TO is traded in CAD, while TSM is traded in USD. To make them comparable, the TSM values have been converted to CAD using the latest available exchange rates.
Returns By Period
In the year-to-date period, CPH.TO achieves a 12.08% return, which is significantly lower than TSM's 43.41% return. Over the past 10 years, CPH.TO has underperformed TSM with an annualized return of 8.89%, while TSM has yielded a comparatively higher 36.95% annualized return.
CPH.TO
- 1D
- 0.24%
- 1M
- -14.49%
- YTD
- 12.08%
- 6M
- 15.14%
- 1Y
- 27.40%
- 3Y*
- 64.67%
- 5Y*
- 61.01%
- 10Y*
- 8.89%
TSM
- 1D
- 3.09%
- 1M
- 5.83%
- YTD
- 43.41%
- 6M
- 43.28%
- 1Y
- 114.81%
- 3Y*
- 65.43%
- 5Y*
- 35.43%
- 10Y*
- 36.95%
CPH.TO vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CPH.TO Cipher Pharmaceuticals Inc. | 12.08% | 5.17% | 158.48% | 44.27% | 116.95% | 90.32% | -38.00% | -12.28% | -65.10% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 43.41% | 48.79% | 108.89% | 38.94% | -32.74% | 12.04% | 88.10% | 58.05% | 4.61% | 31.88% |
Correlation
The correlation between CPH.TO and TSM is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.11 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2006 | 0.07 |
Fundamentals
CPH.TO:
CA$435.58M
TSM:
$2.21T
CPH.TO:
CA$1.19
TSM:
$373.98
CPH.TO:
14.22
TSM:
1.14
CPH.TO:
0.17
TSM:
0.03
CPH.TO:
8.65
TSM:
0.54
CPH.TO:
3.28
TSM:
0.38
CPH.TO:
CA$50.92M
TSM:
$4.13T
CPH.TO:
CA$37.95M
TSM:
$2.55T
CPH.TO:
CA$25.12M
TSM:
$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
CPH.TO vs. TSM — Risk / Return Rank
CPH.TO
TSM
CPH.TO vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cipher Pharmaceuticals Inc. (CPH.TO) 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.
| CPH.TO | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.53 | ||
| Sortino ratioReturn per unit of downside risk | -2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.46 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | 6.81 | -5.61 |
| Martin ratioReturn relative to average drawdown | 2.53 | 23.23 | -20.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CPH.TO | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.66 | 3.18 | -2.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.23 | 0.94 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.15 | 1.07 | -0.92 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.62 | -0.54 |
Drawdowns
CPH.TO vs. TSM - Drawdown Comparison
The maximum CPH.TO drawdown since its inception was -97.90%, which is greater than TSM's maximum drawdown of -52.41%. Use the drawdown chart below to compare losses from any high point for CPH.TO and TSM.
Loading charts...
Drawdown Indicators
| CPH.TO | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.90% | -52.41% | -45.49% |
Max Drawdown (1Y)Largest decline over 1 year | -22.83% | -16.95% | -5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -42.50% | -37.50% | -5.00% |
Max Drawdown (5Y)Largest decline over 5 years | -42.50% | -52.41% | +9.91% |
Max Drawdown (10Y)Largest decline over 10 years | -94.63% | -52.41% | -42.22% |
Current DrawdownCurrent decline from peak | -14.49% | -3.73% | -10.76% |
Average DrawdownAverage peak-to-trough decline | -64.03% | -13.57% | -50.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.84% | 4.96% | +5.88% |
Volatility
CPH.TO vs. TSM - Volatility Comparison
Cipher Pharmaceuticals Inc. (CPH.TO) has a higher volatility of 13.91% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 12.66%. This indicates that CPH.TO'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.
Loading charts...
Volatility by Period
| CPH.TO | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.91% | 12.66% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 28.45% | 28.37% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.97% | 36.35% | +5.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.95% | 37.71% | +12.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.78% | 34.79% | +25.99% |
Dividends
CPH.TO vs. TSM - Dividend Comparison
CPH.TO has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CPH.TO Cipher Pharmaceuticals 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 | 0.78% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
CPH.TO vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Cipher Pharmaceuticals 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
CPH.TO vs. TSM - Profitability Comparison
CPH.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cipher Pharmaceuticals Inc. reported a gross profit of 8.35M and revenue of 12.30M. Therefore, the gross margin over that period was 67.9%.
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%.
CPH.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cipher Pharmaceuticals Inc. reported an operating income of 5.50M and revenue of 12.30M, resulting in an operating margin of 44.7%.
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%.
CPH.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cipher Pharmaceuticals Inc. reported a net income of 6.06M and revenue of 12.30M, resulting in a net margin of 49.3%.
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
CPH.TO and TSM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Find the right allocation for CPH.TO 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