NESR vs. TSM

Last updated Jun 4, 2026

NESR (National Energy Services Reunited Corp.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. NESR operates in Oil & Gas Equipment & Services (Energy), while TSM operates in Semiconductors (Technology). Over the past 5 years, NESR returned 11.48%/yr vs 31.74%/yr for TSM. At a 0.18 correlation, their price movements are largely independent.

Performance

NESR vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in National Energy Services Reunited Corp. (NESR) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NESR achieves a 59.64% return, which is significantly higher than TSM's 44.10% return.

NESR

• 1D: 1.13%
• 1M: 3.69%
• YTD: 59.64%
• 6M: 69.72%
• 1Y: 318.76%
• 3Y*: 103.88%
• 5Y*: 11.48%
• 10Y*: —

TSM

• 1D: -2.24%
• 1M: 8.73%
• YTD: 44.10%
• 6M: 48.60%
• 1Y: 123.66%
• 3Y*: 66.46%
• 5Y*: 31.74%
• 10Y*: 36.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

NESR vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
NESR National Energy Services Reunited Corp.	59.64%	74.78%	46.89%	-12.10%	-26.56%	-4.83%	8.88%	5.31%	-12.96%	4.63%
TSM Taiwan Semiconductor Manufacturing Company Limited	44.10%	55.91%	92.58%	42.33%	-36.75%	12.09%	92.67%	64.85%	-3.50%	11.76%

Correlation

The correlation between NESR and TSM is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.17
Correlation (All Time) Calculated using the full available price history since Jun 6, 2017	0.18

Fundamentals

Market Cap NESR : $2.57B TSM : $2.26T
EPS NESR : $0.64 TSM : $373.98
PE Ratio NESR : 39.06 TSM : 1.17
PEG Ratio NESR : 0.40 TSM : 0.03
PS Ratio NESR : 1.77 TSM : 0.55
PB Ratio NESR : 2.59 TSM : 0.38
Total Revenue (TTM) NESR : $1.43B TSM : $4.13T
Gross Profit (TTM) NESR : $179.11M TSM : $2.55T
EBITDA (TTM) NESR : $185.56M TSM : $3.14T

Return for Risk

NESR vs. TSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NESR

NESR Risk / Return Rank: 98
NESR Sharpe Ratio Rank: 99
NESR Sortino Ratio Rank: 98
NESR Omega Ratio Rank: 97
NESR Calmar Ratio Rank: 98
NESR Martin Ratio Rank: 99

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 95
TSM Omega Ratio Rank: 92
TSM Calmar Ratio Rank: 94
TSM Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NESR vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for National Energy Services Reunited Corp. (NESR) 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.

	NESR	TSM	Difference
Sharpe ratio: Return per unit of total volatility	6.02	3.49	+2.53
Sortino ratio: Return per unit of downside risk	5.72	4.06	+1.66
Omega ratio: Gain probability vs. loss probability	1.71	1.49	+0.22
Calmar ratio: Return relative to maximum drawdown	11.73	6.86	+4.87
Martin ratio: Return relative to average drawdown	41.23	24.68	+16.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NESR vs. TSM - Sharpe Ratio Comparison

The current NESR Sharpe Ratio is 6.02, which is higher than the TSM Sharpe Ratio of 3.49. The chart below compares the historical Sharpe Ratios of NESR and TSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	NESR	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	6.02	3.49	+2.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.86	-0.65
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.37	-0.15

Drawdowns

NESR vs. TSM - Drawdown Comparison

The maximum NESR drawdown since its inception was -83.12%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for NESR and TSM.

Drawdown Indicators

	NESR	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-83.12%	-89.08%	+5.96%
Max Drawdown (1Y) Largest decline over 1 year	-27.39%	-18.14%	-9.25%
Max Drawdown (3Y) Largest decline over 3 years	-45.64%	-36.82%	-8.82%
Max Drawdown (5Y) Largest decline over 5 years	-83.12%	-56.47%	-26.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-6.86%	-2.24%	-4.62%
Average Drawdown Average peak-to-trough decline	-36.00%	-42.89%	+6.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.80%	5.03%	+2.77%

Volatility

NESR vs. TSM - Volatility Comparison

National Energy Services Reunited Corp. (NESR) has a higher volatility of 15.18% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 11.64%. This indicates that NESR'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.

Volatility by Period

	NESR	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.18%	11.64%	+3.54%
Volatility (6M) Calculated over the trailing 6-month period	36.43%	27.19%	+9.24%
Volatility (1Y) Calculated over the trailing 1-year period	53.69%	35.61%	+18.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.65%	37.27%	+18.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	52.23%	34.12%	+18.11%

Dividends

NESR vs. TSM - Dividend Comparison

NESR has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.76%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NESR National Energy Services Reunited Corp.	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	0.76%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

NESR vs. TSM - Profitability Comparison

The chart below illustrates the profitability comparison between National Energy Services Reunited Corp. and Taiwan Semiconductor Manufacturing Company Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

NESR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a gross profit of 51.83M and revenue of 404.59M. Therefore, the gross margin over that period was 12.8%.

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%.

NESR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported an operating income of 36.04M and revenue of 404.59M, resulting in an operating margin of 8.9%.

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%.

NESR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, National Energy Services Reunited Corp. reported a net income of 23.83M and revenue of 404.59M, resulting in a net margin of 5.9%.

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

Can I hold both NESR and TSM in my portfolio?

NESR and TSM have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NESR or TSM?

NESR has higher volatility (15.18%) compared to TSM (11.64%). In terms of maximum drawdown, NESR dropped -83.12% vs TSM's -89.08%.

Which has better risk-adjusted returns?

NESR currently has the higher Sharpe Ratio (6.02 vs 3.49), 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.