HD vs. TSM
HD (The Home Depot, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. HD operates in Home Improvement Retail (Consumer Cyclical), while TSM operates in Semiconductors (Technology). Over the past 10 years, HD returned 12.00%/yr vs 33.60%/yr for TSM. At a 0.32 correlation, their price movements are largely independent.
Performance
HD vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, HD achieves a -1.84% return, which is significantly lower than TSM's 33.07% return. Over the past 10 years, HD has underperformed TSM with an annualized return of 12.00%, while TSM has yielded a comparatively higher 33.60% annualized return.
HD
- 1D
- -1.72%
- 1M
- -0.37%
- 6M
- -11.15%
- YTD
- -1.84%
- 1Y
- -4.87%
- 3Y*
- 3.89%
- 5Y*
- 2.94%
- 10Y*
- 12.00%
- ALL TIME*
- 24.75%
TSM
- 1D
- 0.99%
- 1M
- -12.94%
- 6M
- 18.10%
- YTD
- 33.07%
- 1Y
- 69.17%
- 3Y*
- 62.80%
- 5Y*
- 29.92%
- 10Y*
- 33.60%
- ALL TIME*
- 16.19%
HD vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | -1.84% | -9.33% | 15.00% | 12.77% | -21.98% | 59.51% | 24.50% | 30.56% | -7.30% | 44.61% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 33.07% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between HD and TSM 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 | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.32 |
Over the past year, the correlation between HD and TSM has dropped to 0.10 - well below their long-term average of 0.32, suggesting their price drivers have been diverging.
Fundamentals
HD:
$332.08B
TSM:
$2.09T
HD:
$14.08
TSM:
NT$432.27
HD:
23.66
TSM:
30.13
HD:
1.99
TSM:
15.18
HD:
23.91
TSM:
10.50
HD:
$166.59B
TSM:
NT$4.45T
HD:
$55.19B
TSM:
NT$2.86T
HD:
$23.12B
TSM:
NT$3.20T
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Return for Risk
HD vs. TSM — Risk / Return Rank
HD
TSM
HD vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Home Depot, Inc. (HD) 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.
| HD | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.96 | ||
| Sortino ratioReturn per unit of downside risk | -2.47 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.29 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.17 | 3.83 | -4.00 |
| Martin ratioReturn relative to average drawdown | -0.32 | 12.06 | -12.37 |
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Drawdowns
HD vs. TSM - Drawdown Comparison
The maximum HD drawdown since its inception was -70.46%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for HD and TSM.
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Drawdown Indicators
| HD | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.46% | -89.08% | +18.62% |
Max Drawdown (1Y)Largest decline over 1 year | -28.81% | -18.14% | -10.67% |
Max Drawdown (3Y)Largest decline over 3 years | -28.84% | -36.82% | +7.98% |
Max Drawdown (5Y)Largest decline over 5 years | -34.73% | -56.47% | +21.74% |
Max Drawdown (10Y)Largest decline over 10 years | -37.99% | -56.47% | +18.48% |
Current DrawdownCurrent decline from peak | -19.74% | -15.76% | -3.98% |
Average DrawdownAverage peak-to-trough decline | -20.59% | -42.73% | +22.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.36% | 5.76% | +9.60% |
Volatility
HD vs. TSM - Volatility Comparison
The current volatility for The Home Depot, Inc. (HD) is 9.23%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 16.57%. This indicates that HD 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
| HD | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.23% | 16.57% | -7.34% |
Volatility (6M)Calculated over the trailing 6-month period | 19.18% | 31.69% | -12.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.08% | 39.45% | -14.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.42% | 38.06% | -13.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 34.60% | -9.61% |
Dividends
HD vs. TSM - Dividend Comparison
HD's dividend yield for the trailing twelve months is around 2.78%, more than TSM's 0.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HD The Home Depot, Inc. | 2.78% | 2.67% | 2.31% | 2.41% | 2.41% | 1.59% | 2.26% | 2.49% | 2.40% | 1.88% | 2.06% | 1.78% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.88% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
HD vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between The Home Depot, 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
HD vs. TSM - Profitability Comparison
HD - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, The Home Depot, Inc. reported a gross profit of 13.78B and revenue of 41.77B. Therefore, the gross margin over that period was 33.0%.
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 860.31B and revenue of 1.27T. Therefore, the gross margin over that period was 67.7%.
HD - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, The Home Depot, Inc. reported an operating income of 4.98B and revenue of 41.77B, resulting in an operating margin of 11.9%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 766.60B and revenue of 1.27T, resulting in an operating margin of 60.3%.
HD - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, The Home Depot, Inc. reported a net income of 3.29B and revenue of 41.77B, resulting in a net margin of 7.9%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 706.56B and revenue of 1.27T, resulting in a net margin of 55.6%.
Frequently Asked Questions
HD 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.
TSM has higher volatility (16.57%) compared to HD (9.23%). In terms of maximum drawdown, HD dropped -70.46% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (1.77 vs -0.20), 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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