IESC vs. TSM
IESC (IES Holdings, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. IESC operates in Engineering & Construction (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, IESC returned 48.95%/yr vs 35.71%/yr for TSM. At a 0.24 correlation, their price movements are largely independent.
Performance
IESC vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, IESC achieves a 88.91% return, which is significantly higher than TSM's 40.84% return. Over the past 10 years, IESC has outperformed TSM with an annualized return of 48.95%, while TSM has yielded a comparatively lower 35.71% annualized return.
IESC
- 1D
- 1.97%
- 1M
- 10.23%
- YTD
- 88.91%
- 6M
- 66.06%
- 1Y
- 162.49%
- 3Y*
- 140.27%
- 5Y*
- 69.06%
- 10Y*
- 48.95%
TSM
- 1D
- 2.80%
- 1M
- 3.67%
- YTD
- 40.84%
- 6M
- 42.15%
- 1Y
- 110.53%
- 3Y*
- 63.10%
- 5Y*
- 31.67%
- 10Y*
- 35.71%
IESC vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IESC IES Holdings, Inc. | 88.91% | 93.58% | 153.67% | 122.72% | -29.76% | 9.99% | 79.42% | 65.02% | -9.86% | -9.92% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.84% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between IESC and TSM is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 28, 1998 | 0.24 |
Over the past year, IESC and TSM have become more correlated (0.52) than their long-term average of 0.24, meaning their price movements have been converging.
Fundamentals
IESC:
$14.83B
TSM:
$2.21T
IESC:
$18.85
TSM:
$373.98
IESC:
38.98
TSM:
1.14
IESC:
0.47
TSM:
0.03
IESC:
4.08
TSM:
0.54
IESC:
13.83
TSM:
0.38
IESC:
$3.63B
TSM:
$4.13T
IESC:
$931.31M
TSM:
$2.55T
IESC:
$487.14M
TSM:
$3.14T
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Return for Risk
IESC vs. TSM — Risk / Return Rank
IESC
TSM
IESC vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for IES Holdings, Inc. (IESC) 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.
| IESC | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 7.50 | 6.13 | +1.37 |
| Martin ratioReturn relative to average drawdown | 21.33 | 21.94 | -0.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IESC | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.64 | 3.06 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.29 | 0.85 | +0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.02 | 1.05 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.05 | 0.37 | -0.31 |
Drawdowns
IESC vs. TSM - Drawdown Comparison
The maximum IESC drawdown since its inception was -98.32%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for IESC and TSM.
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Drawdown Indicators
| IESC | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.32% | -89.08% | -9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -21.80% | -18.14% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -49.23% | -36.82% | -12.41% |
Max Drawdown (5Y)Largest decline over 5 years | -54.22% | -56.47% | +2.25% |
Max Drawdown (10Y)Largest decline over 10 years | -54.28% | -56.47% | +2.19% |
Current DrawdownCurrent decline from peak | -0.97% | -4.45% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -55.01% | -42.87% | -12.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.66% | 5.06% | +2.60% |
Volatility
IESC vs. TSM - Volatility Comparison
The current volatility for IES Holdings, Inc. (IESC) is 11.77%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 12.47%. This indicates that IESC 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
| IESC | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.77% | 12.47% | -0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 49.79% | 28.23% | +21.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 62.06% | 36.40% | +25.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 53.94% | 37.40% | +16.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 48.10% | 34.20% | +13.90% |
Dividends
IESC vs. TSM - Dividend Comparison
IESC has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IESC IES Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.78% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
IESC vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between IES Holdings, 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
IESC vs. TSM - Profitability Comparison
IESC - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a gross profit of 238.70M and revenue of 974.20M. Therefore, the gross margin over that period was 24.5%.
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%.
IESC - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported an operating income of 112.30M and revenue of 974.20M, resulting in an operating margin of 11.5%.
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%.
IESC - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, IES Holdings, Inc. reported a net income of 110.00M and revenue of 974.20M, resulting in a net margin of 11.3%.
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
IESC and TSM have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (12.47%) compared to IESC (11.77%). In terms of maximum drawdown, IESC dropped -98.32% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (3.06 vs 2.64), 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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