CWEN vs. TSM
CWEN (Clearway Energy, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. CWEN operates in Utilities - Renewable (Utilities), while TSM operates in Semiconductors (Technology). Over the past 10 years, CWEN returned 15.45%/yr vs 35.80%/yr for TSM. At a 0.23 correlation, their price movements are largely independent.
Performance
CWEN vs. TSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CWEN achieves a 15.34% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, CWEN has underperformed TSM with an annualized return of 15.45%, while TSM has yielded a comparatively higher 35.80% annualized return.
CWEN
- 1D
- -0.58%
- 1M
- -0.39%
- YTD
- 15.34%
- 6M
- 18.36%
- 1Y
- 24.39%
- 3Y*
- 14.23%
- 5Y*
- 11.37%
- 10Y*
- 15.45%
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%
CWEN vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 15.34% | 35.48% | 0.87% | -8.93% | -7.89% | 17.83% | 67.04% | 21.37% | -2.11% | 26.92% |
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 CWEN and TSM is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2013 | 0.23 |
The correlation between CWEN and TSM shifts across timeframes, from 0.20 (3 years) to 0.31 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
CWEN:
$1.31B
TSM:
$2.20T
CWEN:
$0.02
TSM:
NT$373.98
CWEN:
1.83K
TSM:
35.89
CWEN:
6.97
TSM:
1.03
CWEN:
2.46
TSM:
16.87
CWEN:
0.24
TSM:
11.82
CWEN:
$1.49B
TSM:
NT$4.13T
CWEN:
$543.00M
TSM:
NT$2.55T
CWEN:
$878.00M
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
CWEN vs. TSM — Risk / Return Rank
CWEN
TSM
CWEN vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Clearway Energy, Inc. (CWEN) 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.
| CWEN | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.87 | ||
| Sortino ratioReturn per unit of downside risk | -1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 5.48 | -3.75 |
| Martin ratioReturn relative to average drawdown | 3.88 | 19.42 | -15.54 |
Loading charts...
Drawdowns
CWEN vs. TSM - Drawdown Comparison
The maximum CWEN drawdown since its inception was -79.41%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for CWEN and TSM.
Loading charts...
Drawdown Indicators
| CWEN | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.41% | -89.08% | +9.67% |
Max Drawdown (1Y)Largest decline over 1 year | -14.15% | -18.14% | +3.99% |
Max Drawdown (3Y)Largest decline over 3 years | -36.78% | -36.82% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -52.09% | -56.47% | +4.38% |
Max Drawdown (10Y)Largest decline over 10 years | -52.09% | -56.47% | +4.38% |
Current DrawdownCurrent decline from peak | -9.19% | -4.87% | -4.32% |
Average DrawdownAverage peak-to-trough decline | -35.39% | -42.85% | +7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.30% | 5.11% | +1.19% |
Volatility
CWEN vs. TSM - Volatility Comparison
The current volatility for Clearway Energy, Inc. (CWEN) is 9.15%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.42%. This indicates that CWEN 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.
Loading charts...
Volatility by Period
| CWEN | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.15% | 13.42% | -4.27% |
Volatility (6M)Calculated over the trailing 6-month period | 22.05% | 28.65% | -6.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.12% | 36.69% | -7.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.26% | 37.46% | -7.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.28% | 34.23% | -2.95% |
Dividends
CWEN vs. TSM - Dividend Comparison
CWEN's dividend yield for the trailing twelve months is around 4.87%, more than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CWEN Clearway Energy, Inc. | 4.87% | 5.32% | 6.36% | 5.62% | 4.48% | 3.68% | 3.29% | 4.01% | 7.29% | 5.81% | 5.98% | 6.88% |
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
CWEN vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Clearway Energy, 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
CWEN vs. TSM - Profitability Comparison
CWEN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported a gross profit of 0.00 and revenue of 354.00M. Therefore, the gross margin over that period was 0.0%.
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%.
CWEN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported an operating income of 20.00M and revenue of 354.00M, resulting in an operating margin of 5.7%.
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%.
CWEN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Clearway Energy, Inc. reported a net income of -163.00M and revenue of 354.00M, resulting in a net margin of -46.1%.
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
CWEN and TSM have a correlation of 0.31, 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 CWEN (9.15%). In terms of maximum drawdown, CWEN dropped -79.41% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.84), 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 CWEN 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