NWPX vs. TSM
NWPX (Northwest Pipe Company) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. NWPX operates in Metal Fabrication (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, NWPX returned 28.73%/yr vs 36.20%/yr for TSM. At a 0.22 correlation, their price movements are largely independent.
Performance
NWPX vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, NWPX achieves a 91.55% return, which is significantly higher than TSM's 44.10% return. Over the past 10 years, NWPX has underperformed TSM with an annualized return of 28.73%, while TSM has yielded a comparatively higher 36.20% annualized return.
NWPX
- 1D
- -0.02%
- 1M
- 12.25%
- YTD
- 91.55%
- 6M
- 101.41%
- 1Y
- 200.38%
- 3Y*
- 61.93%
- 5Y*
- 30.35%
- 10Y*
- 28.73%
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%
NWPX vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 91.55% | 29.49% | 59.48% | -10.21% | 5.97% | 12.37% | -15.04% | 43.02% | 21.68% | 11.15% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 44.10% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between NWPX and TSM is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Oct 10, 1997 | 0.22 |
The correlation between NWPX and TSM shifts across timeframes, from 0.22 (all time) to 0.33 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
NWPX:
$1.17B
TSM:
$2.26T
NWPX:
$4.25
TSM:
$373.98
NWPX:
28.17
TSM:
1.17
NWPX:
0.55
TSM:
0.03
NWPX:
2.16
TSM:
0.55
NWPX:
2.90
TSM:
0.38
NWPX:
$548.14M
TSM:
$4.13T
NWPX:
$110.94M
TSM:
$2.55T
NWPX:
$75.93M
TSM:
$3.14T
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Return for Risk
NWPX vs. TSM — Risk / Return Rank
NWPX
TSM
NWPX vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northwest Pipe Company (NWPX) 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.
| NWPX | TSM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.08 | 3.49 | +1.59 |
Sortino ratioReturn per unit of downside risk | 6.10 | 4.06 | +2.04 |
Omega ratioGain probability vs. loss probability | 1.75 | 1.49 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 12.85 | 6.86 | +5.99 |
Martin ratioReturn relative to average drawdown | 42.75 | 24.68 | +18.06 |
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
| NWPX | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.08 | 3.49 | +1.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.86 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 1.06 | -0.36 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.37 | -0.18 |
Drawdowns
NWPX vs. TSM - Drawdown Comparison
The maximum NWPX drawdown since its inception was -87.71%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for NWPX and TSM.
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Drawdown Indicators
| NWPX | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -89.08% | +1.37% |
Max Drawdown (1Y)Largest decline over 1 year | -15.70% | -18.14% | +2.44% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -36.82% | +1.46% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -56.47% | +20.76% |
Max Drawdown (10Y)Largest decline over 10 years | -46.50% | -56.47% | +9.97% |
Current DrawdownCurrent decline from peak | -1.71% | -2.24% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -43.40% | -42.89% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 5.03% | -0.32% |
Volatility
NWPX vs. TSM - Volatility Comparison
The current volatility for Northwest Pipe Company (NWPX) is 10.42%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 11.64%. This indicates that NWPX 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
| NWPX | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.42% | 11.64% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 30.22% | 27.19% | +3.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.79% | 35.61% | +4.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.47% | 37.27% | -0.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.05% | 34.12% | +6.93% |
Dividends
NWPX vs. TSM - Dividend Comparison
NWPX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NWPX Northwest Pipe Company | 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
NWPX vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Northwest Pipe Company 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
NWPX vs. TSM - Profitability Comparison
NWPX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a gross profit of 26.67M and revenue of 138.25M. Therefore, the gross margin over that period was 19.3%.
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%.
NWPX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported an operating income of 12.66M and revenue of 138.25M, resulting in an operating margin of 9.2%.
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%.
NWPX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Northwest Pipe Company reported a net income of 10.53M and revenue of 138.25M, resulting in a net margin of 7.6%.
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
NWPX and TSM have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (11.64%) compared to NWPX (10.42%). In terms of maximum drawdown, NWPX dropped -87.71% vs TSM's -89.08%.
NWPX currently has the higher Sharpe Ratio (5.08 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.
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