CTAS vs. TSM
CTAS (Cintas Corporation) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. CTAS operates in Specialty Business Services (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, CTAS returned 23.61%/yr vs 35.80%/yr for TSM. At a 0.36 correlation, their price movements are largely independent.
Performance
CTAS vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, CTAS achieves a -5.80% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, CTAS has underperformed TSM with an annualized return of 23.61%, while TSM has yielded a comparatively higher 35.80% annualized return.
CTAS
- 1D
- -3.08%
- 1M
- 8.08%
- YTD
- -5.80%
- 6M
- -5.53%
- 1Y
- -20.40%
- 3Y*
- 14.43%
- 5Y*
- 15.92%
- 10Y*
- 23.61%
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%
CTAS vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | -5.80% | 3.78% | 22.24% | 34.82% | 2.97% | 26.51% | 32.74% | 61.73% | 9.04% | 36.32% |
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 CTAS 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 | 0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.36 |
The correlation between CTAS and TSM shifts across timeframes, from -0.01 (1 year) to 0.36 (all time), reflecting how their relationship changes across market environments.
Fundamentals
CTAS:
$71.72B
TSM:
$2.20T
CTAS:
$4.75
TSM:
NT$373.98
CTAS:
37.08
TSM:
35.89
CTAS:
2.60
TSM:
1.03
CTAS:
6.51
TSM:
16.87
CTAS:
14.98
TSM:
11.82
CTAS:
$11.03B
TSM:
NT$4.13T
CTAS:
$1.33B
TSM:
NT$2.55T
CTAS:
$2.66B
TSM:
NT$3.14T
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Return for Risk
CTAS vs. TSM — Risk / Return Rank
CTAS
TSM
CTAS vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Cintas Corporation (CTAS) 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.
| CTAS | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.72 | ||
| Sortino ratioReturn per unit of downside risk | -4.64 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.40 | -0.56 |
| Calmar ratioReturn relative to maximum drawdown | -0.75 | 5.48 | -6.24 |
| Martin ratioReturn relative to average drawdown | -1.31 | 19.42 | -20.73 |
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Drawdowns
CTAS vs. TSM - Drawdown Comparison
The maximum CTAS drawdown since its inception was -65.32%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for CTAS and TSM.
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Drawdown Indicators
| CTAS | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.32% | -89.08% | +23.76% |
Max Drawdown (1Y)Largest decline over 1 year | -27.23% | -18.14% | -9.09% |
Max Drawdown (3Y)Largest decline over 3 years | -27.68% | -36.82% | +9.14% |
Max Drawdown (5Y)Largest decline over 5 years | -27.68% | -56.47% | +28.79% |
Max Drawdown (10Y)Largest decline over 10 years | -48.38% | -56.47% | +8.09% |
Current DrawdownCurrent decline from peak | -21.83% | -4.87% | -16.96% |
Average DrawdownAverage peak-to-trough decline | -15.04% | -42.85% | +27.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.61% | 5.11% | +10.50% |
Volatility
CTAS vs. TSM - Volatility Comparison
The current volatility for Cintas Corporation (CTAS) is 8.54%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.42%. This indicates that CTAS 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
| CTAS | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 13.42% | -4.88% |
Volatility (6M)Calculated over the trailing 6-month period | 15.74% | 28.65% | -12.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 36.69% | -16.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 37.46% | -14.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.70% | 34.23% | -7.53% |
Dividends
CTAS vs. TSM - Dividend Comparison
CTAS's dividend yield for the trailing twelve months is around 1.02%, more than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTAS Cintas Corporation | 1.02% | 0.89% | 0.80% | 0.83% | 0.93% | 0.77% | 0.99% | 0.95% | 1.22% | 1.04% | 1.15% | 1.15% |
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
CTAS vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Cintas 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
CTAS vs. TSM - Profitability Comparison
CTAS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a gross profit of -2.78B and revenue of 2.84B. Therefore, the gross margin over that period was -97.8%.
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%.
CTAS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported an operating income of 659.90M and revenue of 2.84B, resulting in an operating margin of 23.2%.
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%.
CTAS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cintas Corporation reported a net income of 502.50M and revenue of 2.84B, resulting in a net margin of 17.7%.
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
CTAS 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.
TSM has higher volatility (13.42%) compared to CTAS (8.54%). In terms of maximum drawdown, CTAS dropped -65.32% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs -1.00), 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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