LRCX vs. TSM
LRCX (Lam Research Corporation) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — LRCX in Semiconductor Equipment & Materials, TSM in Semiconductors. Over the past 10 years, LRCX returned 43.64%/yr vs 33.46%/yr for TSM. Their 0.56 correlation means they have sometimes moved together and sometimes differently.
Performance
LRCX vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, LRCX achieves a 71.50% return, which is significantly higher than TSM's 33.71% return. Over the past 10 years, LRCX has outperformed TSM with an annualized return of 43.64%, while TSM has yielded a comparatively lower 33.46% annualized return.
LRCX
- 1D
- -1.58%
- 1M
- -25.11%
- 6M
- 25.75%
- YTD
- 71.50%
- 1Y
- 210.67%
- 3Y*
- 61.40%
- 5Y*
- 37.09%
- 10Y*
- 43.64%
- ALL TIME*
- 23.67%
TSM
- 1D
- 0.23%
- 1M
- -9.00%
- 6M
- 22.92%
- YTD
- 33.71%
- 1Y
- 69.13%
- 3Y*
- 62.43%
- 5Y*
- 30.32%
- 10Y*
- 33.46%
- ALL TIME*
- 16.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $3.65B | $3.82B | $3.92B | |
| $6.03B | $6.30B | $6.05B |
LRCX vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 71.50% | 139.16% | -6.84% | 88.63% | -40.72% | 53.66% | 64.18% | 119.33% | -24.40% | 76.21% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 33.71% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between LRCX and TSM is 0.70, 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. | 0.70 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.70 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.56 |
The correlation between LRCX and TSM shifts across timeframes, from 0.56 (all time) to 0.70 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
LRCX:
$366.44B
TSM:
$2.10T
LRCX:
$5.75
TSM:
NT$432.27
LRCX:
50.95
TSM:
30.30
LRCX:
2.88
TSM:
0.84
LRCX:
15.93
TSM:
15.26
LRCX:
29.63
TSM:
10.56
LRCX:
$23.23B
TSM:
NT$4.45T
LRCX:
$11.73B
TSM:
NT$2.86T
LRCX:
$8.70B
TSM:
NT$3.20T
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Return for Risk
LRCX vs. TSM — Risk / Return Rank
LRCX
TSM
LRCX vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lam Research Corporation (LRCX) 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.
| LRCX | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.67 | ||
| Sortino ratioReturn per unit of downside risk | +1.00 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.08 | 3.23 | +1.85 |
| Martin ratioReturn relative to average drawdown | 21.44 | 10.80 | +10.64 |
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Drawdowns
LRCX vs. TSM - Drawdown Comparison
The maximum LRCX drawdown since its inception was -87.90%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for LRCX and TSM.
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Drawdown Indicators
| LRCX | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.90% | -89.08% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -41.76% | -21.55% | -20.21% |
Max Drawdown (3Y)Largest decline over 3 years | -47.10% | -36.82% | -10.28% |
Max Drawdown (5Y)Largest decline over 5 years | -56.39% | -56.47% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -56.39% | -56.47% | +0.08% |
Current DrawdownCurrent decline from peak | -32.38% | -15.35% | -17.03% |
Average DrawdownAverage peak-to-trough decline | -28.13% | -42.69% | +14.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.87% | 6.43% | +3.44% |
Volatility
LRCX vs. TSM - Volatility Comparison
Lam Research Corporation (LRCX) has a higher volatility of 27.34% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.76%. This indicates that LRCX'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
| LRCX | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.34% | 13.76% | +13.58% |
Volatility (6M)Calculated over the trailing 6-month period | 52.39% | 33.07% | +19.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 63.10% | 40.75% | +22.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.97% | 38.35% | +10.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.20% | 34.75% | +11.45% |
Dividends
LRCX vs. TSM - Dividend Comparison
LRCX's dividend yield for the trailing twelve months is around 0.35%, less than TSM's 0.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LRCX Lam Research Corporation | 0.35% | 0.57% | 1.19% | 0.95% | 1.53% | 0.78% | 1.04% | 1.54% | 2.79% | 1.01% | 1.28% | 1.36% |
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% |
Financials
LRCX vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Lam Research Corporation 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
LRCX vs. TSM - Profitability Comparison
LRCX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported a gross profit of 3.48B and revenue of 6.72B. Therefore, the gross margin over that period was 51.8%.
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
LRCX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported an operating income of 2.51B and revenue of 6.72B, resulting in an operating margin of 37.4%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
LRCX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Lam Research Corporation reported a net income of 2.28B and revenue of 6.72B, resulting in a net margin of 33.9%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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
LRCX and TSM have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
LRCX has higher volatility (27.34%) compared to TSM (13.76%). In terms of maximum drawdown, LRCX dropped -87.90% vs TSM's -89.08%.
LRCX currently has the higher Sharpe Ratio (3.37 vs 1.71), 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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