ESLT vs. TSEM
ESLT (Elbit Systems Ltd) and TSEM (Tower Semiconductor Ltd) are both stocks. ESLT operates in Aerospace & Defense (Industrials), while TSEM operates in Semiconductors (Technology). Over the past 10 years, ESLT returned 26.53%/yr vs 35.70%/yr for TSEM. At a 0.21 correlation, their price movements are largely independent.
Performance
ESLT vs. TSEM - Performance Comparison
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Returns By Period
In the year-to-date period, ESLT achieves a 48.00% return, which is significantly lower than TSEM's 123.91% return. Over the past 10 years, ESLT has underperformed TSEM with an annualized return of 26.53%, while TSEM has yielded a comparatively higher 35.70% annualized return.
ESLT
- 1D
- -6.48%
- 1M
- 9.58%
- YTD
- 48.00%
- 6M
- 66.16%
- 1Y
- 98.98%
- 3Y*
- 60.86%
- 5Y*
- 46.38%
- 10Y*
- 26.53%
TSEM
- 1D
- 1.77%
- 1M
- -2.90%
- YTD
- 123.91%
- 6M
- 121.05%
- 1Y
- 553.70%
- 3Y*
- 86.93%
- 5Y*
- 56.98%
- 10Y*
- 35.70%
ESLT vs. TSEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 48.00% | 125.14% | 22.17% | 31.30% | -4.82% | 34.77% | -14.56% | 37.62% | -13.22% | 32.65% |
TSEM Tower Semiconductor Ltd | 123.91% | 127.96% | 68.77% | -29.35% | 8.87% | 53.68% | 7.32% | 63.23% | -56.75% | 79.09% |
Correlation
The correlation between ESLT and TSEM is 0.10, 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 | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 1996 | 0.21 |
The correlation between ESLT and TSEM shifts across timeframes, from 0.10 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ESLT:
$41.10B
TSEM:
$30.06B
ESLT:
$12.36
TSEM:
$2.15
ESLT:
69.08
TSEM:
122.04
ESLT:
3.27
TSEM:
4.30
ESLT:
4.93
TSEM:
18.47
ESLT:
9.65
TSEM:
10.11
ESLT:
$8.23B
TSEM:
$1.62B
ESLT:
$2.03B
TSEM:
$401.63M
ESLT:
$861.06M
TSEM:
$571.93M
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Return for Risk
ESLT vs. TSEM — Risk / Return Rank
ESLT
TSEM
ESLT vs. TSEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elbit Systems Ltd (ESLT) and Tower Semiconductor Ltd (TSEM). 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.
| ESLT | TSEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -5.87 | ||
| Sortino ratioReturn per unit of downside risk | -2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.74 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 3.83 | 22.31 | -18.48 |
| Martin ratioReturn relative to average drawdown | 10.61 | 77.52 | -66.91 |
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Drawdowns
ESLT vs. TSEM - Drawdown Comparison
The maximum ESLT drawdown since its inception was -53.79%, smaller than the maximum TSEM drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for ESLT and TSEM.
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Drawdown Indicators
| ESLT | TSEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.79% | -99.75% | +45.96% |
Max Drawdown (1Y)Largest decline over 1 year | -25.98% | -25.04% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -25.98% | -46.78% | +20.80% |
Max Drawdown (5Y)Largest decline over 5 years | -32.89% | -55.39% | +22.50% |
Max Drawdown (10Y)Largest decline over 10 years | -32.89% | -62.28% | +29.39% |
Current DrawdownCurrent decline from peak | -15.71% | -56.05% | +40.34% |
Average DrawdownAverage peak-to-trough decline | -13.91% | -85.38% | +71.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.36% | 7.20% | +2.16% |
Volatility
ESLT vs. TSEM - Volatility Comparison
The current volatility for Elbit Systems Ltd (ESLT) is 19.89%, while Tower Semiconductor Ltd (TSEM) has a volatility of 25.08%. This indicates that ESLT experiences smaller price fluctuations and is considered to be less risky than TSEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ESLT | TSEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.89% | 25.08% | -5.19% |
Volatility (6M)Calculated over the trailing 6-month period | 35.93% | 55.81% | -19.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 44.11% | 68.83% | -24.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.66% | 47.30% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.42% | 43.61% | -14.19% |
Dividends
ESLT vs. TSEM - Dividend Comparison
ESLT's dividend yield for the trailing twelve months is around 0.36%, while TSEM has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESLT Elbit Systems Ltd | 0.36% | 0.47% | 0.77% | 0.94% | 1.22% | 1.03% | 1.28% | 1.14% | 1.54% | 1.32% | 1.57% | 1.63% |
TSEM Tower Semiconductor Ltd | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
ESLT vs. TSEM - Financials Comparison
This section allows you to compare key financial metrics between Elbit Systems Ltd and Tower Semiconductor Ltd. 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
ESLT vs. TSEM - Profitability Comparison
ESLT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a gross profit of 552.06M and revenue of 2.19B. Therefore, the gross margin over that period was 25.2%.
TSEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a gross profit of 110.95M and revenue of 413.63M. Therefore, the gross margin over that period was 26.8%.
ESLT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported an operating income of 205.13M and revenue of 2.19B, resulting in an operating margin of 9.4%.
TSEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported an operating income of 64.57M and revenue of 413.63M, resulting in an operating margin of 15.6%.
ESLT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Elbit Systems Ltd reported a net income of 160.79M and revenue of 2.19B, resulting in a net margin of 7.4%.
TSEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a net income of 65.03M and revenue of 413.63M, resulting in a net margin of 15.7%.
Frequently Asked Questions
ESLT and TSEM 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.
TSEM has higher volatility (25.08%) compared to ESLT (19.89%). In terms of maximum drawdown, ESLT dropped -53.79% vs TSEM's -99.75%.
TSEM currently has the higher Sharpe Ratio (8.13 vs 2.26), 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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