FHOFX vs. TSM
FHOFX (Fidelity Series Large Cap Growth Index Fund) is Large Cap Growth Equities fund managed by Fidelity, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 5 years, FHOFX returned 11.85%/yr vs 29.97%/yr for TSM. Their 0.65 correlation means they have sometimes moved together and sometimes differently.
Performance
FHOFX vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, FHOFX achieves a 0.05% return, which is significantly lower than TSM's 34.33% return.
FHOFX
- 1D
- 0.81%
- 1M
- -2.42%
- 6M
- 1.28%
- YTD
- 0.05%
- 1Y
- 9.89%
- 3Y*
- 19.29%
- 5Y*
- 11.85%
- 10Y*
- —
- ALL TIME*
- 16.15%
TSM
- 1D
- 0.46%
- 1M
- -6.46%
- 6M
- 19.58%
- YTD
- 34.33%
- 1Y
- 74.54%
- 3Y*
- 63.93%
- 5Y*
- 29.97%
- 10Y*
- 33.23%
- ALL TIME*
- 16.21%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $6.08B | $6.17B | $6.08B |
FHOFX vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 0.05% | 18.55% | 33.37% | 42.77% | -29.13% | 27.68% | 38.39% | 36.38% | -15.37% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 34.33% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -15.34% |
Correlation
The correlation between FHOFX and TSM is 0.67, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.67 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018 | 0.65 |
The correlation between FHOFX and TSM has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
FHOFX vs. TSM — Risk / Return Rank
FHOFX
TSM
FHOFX vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Series Large Cap Growth Index Fund (FHOFX) 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.
| FHOFX | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.40 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.30 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.48 | 3.48 | -3.00 |
| Martin ratioReturn relative to average drawdown | 1.43 | 11.52 | -10.09 |
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Drawdowns
FHOFX vs. TSM - Drawdown Comparison
The maximum FHOFX drawdown since its inception was -32.62%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for FHOFX and TSM.
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Drawdown Indicators
| FHOFX | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.62% | -89.08% | +56.46% |
Max Drawdown (1Y)Largest decline over 1 year | -16.13% | -21.55% | +5.42% |
Max Drawdown (3Y)Largest decline over 3 years | -23.31% | -36.82% | +13.51% |
Max Drawdown (5Y)Largest decline over 5 years | -32.62% | -56.47% | +23.85% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | -8.23% | -14.96% | +6.73% |
Average DrawdownAverage peak-to-trough decline | -7.43% | -42.69% | +35.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.42% | 6.49% | -1.07% |
Volatility
FHOFX vs. TSM - Volatility Comparison
The current volatility for Fidelity Series Large Cap Growth Index Fund (FHOFX) is 6.44%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.65%. This indicates that FHOFX 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
| FHOFX | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.44% | 13.65% | -7.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.04% | 32.94% | -18.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.51% | 40.72% | -23.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.84% | 38.36% | -16.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.14% | 34.76% | -11.62% |
Dividends
FHOFX vs. TSM - Dividend Comparison
FHOFX's dividend yield for the trailing twelve months is around 1.01%, more than TSM's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FHOFX Fidelity Series Large Cap Growth Index Fund | 1.01% | 0.97% | 0.55% | 0.83% | 1.41% | 3.02% | 2.91% | 1.30% | 0.56% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.87% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Frequently Asked Questions
FHOFX and TSM have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (13.65%) compared to FHOFX (6.44%). In terms of maximum drawdown, FHOFX dropped -32.62% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (1.84 vs 0.44), 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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