IXG vs. TSM
IXG (iShares Global Financials ETF) is Financials Equities fund tracking the S&P Global Financials Sector Index, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 10 years, IXG returned 12.22%/yr vs 35.71%/yr for TSM. At a 0.50 correlation, their price movements are largely independent.
Performance
IXG vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, IXG achieves a 0.78% return, which is significantly lower than TSM's 40.84% return. Over the past 10 years, IXG has underperformed TSM with an annualized return of 12.22%, while TSM has yielded a comparatively higher 35.71% annualized return.
IXG
- 1D
- 0.04%
- 1M
- 0.60%
- YTD
- 0.78%
- 6M
- 4.64%
- 1Y
- 12.97%
- 3Y*
- 22.67%
- 5Y*
- 11.54%
- 10Y*
- 12.22%
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%
IXG vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 0.78% | 28.54% | 25.69% | 14.97% | -8.97% | 25.07% | -2.99% | 24.60% | -16.33% | 23.78% |
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 IXG and TSM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Nov 26, 2001 | 0.50 |
Over the past year, the correlation between IXG and TSM has dropped to 0.29 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
IXG vs. TSM — Risk / Return Rank
IXG
TSM
IXG vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Global Financials ETF (IXG) 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.
| IXG | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.12 | ||
| Sortino ratioReturn per unit of downside risk | -2.20 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.44 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 6.13 | -4.98 |
| Martin ratioReturn relative to average drawdown | 4.05 | 21.94 | -17.89 |
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
| IXG | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 3.06 | -2.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.67 | 0.85 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 1.05 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.37 | -0.13 |
Drawdowns
IXG vs. TSM - Drawdown Comparison
The maximum IXG drawdown since its inception was -78.42%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for IXG and TSM.
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Drawdown Indicators
| IXG | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.42% | -89.08% | +10.66% |
Max Drawdown (1Y)Largest decline over 1 year | -11.33% | -18.14% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -13.54% | -36.82% | +23.28% |
Max Drawdown (5Y)Largest decline over 5 years | -27.20% | -56.47% | +29.27% |
Max Drawdown (10Y)Largest decline over 10 years | -43.47% | -56.47% | +13.00% |
Current DrawdownCurrent decline from peak | -1.90% | -4.45% | +2.55% |
Average DrawdownAverage peak-to-trough decline | -19.75% | -42.87% | +23.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 5.06% | -1.85% |
Volatility
IXG vs. TSM - Volatility Comparison
The current volatility for iShares Global Financials ETF (IXG) is 3.69%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 12.47%. This indicates that IXG 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
| IXG | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 12.47% | -8.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.09% | 28.23% | -17.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 36.40% | -22.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.36% | 37.40% | -20.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 34.20% | -14.07% |
Dividends
IXG vs. TSM - Dividend Comparison
IXG's dividend yield for the trailing twelve months is around 2.03%, more than TSM's 0.78% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IXG iShares Global Financials ETF | 2.03% | 2.04% | 2.64% | 2.62% | 3.71% | 1.69% | 2.13% | 2.87% | 3.14% | 2.12% | 2.21% | 2.79% |
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% |
Frequently Asked Questions
IXG and TSM have a correlation of 0.29, 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 IXG (3.69%). In terms of maximum drawdown, IXG dropped -78.42% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (3.06 vs 0.94), 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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