ISRG vs. TSM
ISRG (Intuitive Surgical, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. ISRG operates in Medical Instruments & Supplies (Healthcare), while TSM operates in Semiconductors (Technology). Over the past 10 years, ISRG returned 16.51%/yr vs 33.60%/yr for TSM. At a 0.32 correlation, their price movements are largely independent.
Performance
ISRG vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, ISRG achieves a -37.64% return, which is significantly lower than TSM's 33.07% return. Over the past 10 years, ISRG has underperformed TSM with an annualized return of 16.51%, while TSM has yielded a comparatively higher 33.60% annualized return.
ISRG
- 1D
- 2.24%
- 1M
- -13.18%
- 6M
- -33.99%
- YTD
- -37.64%
- 1Y
- -31.90%
- 3Y*
- 1.61%
- 5Y*
- 2.32%
- 10Y*
- 16.51%
- ALL TIME*
- 21.90%
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%
ISRG vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, Inc. | -37.64% | 8.51% | 54.72% | 27.14% | -26.15% | 31.76% | 38.39% | 23.43% | 31.23% | 72.64% |
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 ISRG and TSM is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 16, 2000 | 0.32 |
The correlation between ISRG and TSM shifts across timeframes, from 0.18 (1 year) to 0.41 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
ISRG:
$125.08B
TSM:
$2.09T
ISRG:
$8.72
TSM:
NT$432.27
ISRG:
40.52
TSM:
30.13
ISRG:
2.48
TSM:
0.84
ISRG:
11.53
TSM:
15.18
ISRG:
6.92
TSM:
10.50
ISRG:
$11.03B
TSM:
NT$4.45T
ISRG:
$7.36B
TSM:
NT$2.86T
ISRG:
$4.18B
TSM:
NT$3.20T
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Return for Risk
ISRG vs. TSM — Risk / Return Rank
ISRG
TSM
ISRG vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Intuitive Surgical, Inc. (ISRG) 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.
| ISRG | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.67 | ||
| Sortino ratioReturn per unit of downside risk | -3.60 | ||
| Omega ratioGain probability vs. loss probability | 0.84 | 1.29 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.77 | 3.83 | -4.60 |
| Martin ratioReturn relative to average drawdown | -1.77 | 12.06 | -13.83 |
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Drawdowns
ISRG vs. TSM - Drawdown Comparison
The maximum ISRG drawdown since its inception was -82.26%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for ISRG and TSM.
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Drawdown Indicators
| ISRG | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -82.26% | -89.08% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -41.74% | -18.14% | -23.60% |
Max Drawdown (3Y)Largest decline over 3 years | -43.42% | -36.82% | -6.60% |
Max Drawdown (5Y)Largest decline over 5 years | -49.90% | -56.47% | +6.57% |
Max Drawdown (10Y)Largest decline over 10 years | -49.90% | -56.47% | +6.57% |
Current DrawdownCurrent decline from peak | -42.15% | -15.76% | -26.39% |
Average DrawdownAverage peak-to-trough decline | -21.33% | -42.73% | +21.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.06% | 5.76% | +12.30% |
Volatility
ISRG vs. TSM - Volatility Comparison
Intuitive Surgical, Inc. (ISRG) has a higher volatility of 19.26% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 16.57%. This indicates that ISRG's price experiences larger fluctuations and is considered to be riskier 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
| ISRG | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 19.26% | 16.57% | +2.69% |
Volatility (6M)Calculated over the trailing 6-month period | 27.17% | 31.69% | -4.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.38% | 39.45% | -4.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.17% | 38.06% | -3.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.87% | 34.60% | -1.73% |
Dividends
ISRG vs. TSM - Dividend Comparison
ISRG has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.88%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ISRG Intuitive Surgical, 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 | 0.88% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
ISRG vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Intuitive Surgical, 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
ISRG vs. TSM - Profitability Comparison
ISRG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported a gross profit of 1.96B and revenue of 2.89B. Therefore, the gross margin over that period was 67.8%.
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%.
ISRG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported an operating income of 971.90M and revenue of 2.89B, resulting in an operating margin of 33.6%.
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%.
ISRG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Intuitive Surgical, Inc. reported a net income of 818.10M and revenue of 2.89B, resulting in a net margin of 28.3%.
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
ISRG and TSM have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISRG has higher volatility (19.26%) compared to TSM (16.57%). In terms of maximum drawdown, ISRG dropped -82.26% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (1.77 vs -0.91), 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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