POWERINDIA.NS vs. TSM

Last updated Jun 13, 2026

POWERINDIA.NS (Hitachi Energy India Limited) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — POWERINDIA.NS in Electronic Components, TSM in Semiconductors. Over the past 5 years, POWERINDIA.NS returned 79.15%/yr vs 38.32%/yr for TSM. At a 0.03 correlation, their price movements are largely independent.

Performance

POWERINDIA.NS vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a ₹10,000 investment in Hitachi Energy India Limited (POWERINDIA.NS) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

POWERINDIA.NS is traded in INR, while TSM is traded in USD. To make them comparable, the TSM values have been converted to INR using the latest available exchange rates.

Returns By Period

In the year-to-date period, POWERINDIA.NS achieves a 87.47% return, which is significantly higher than TSM's 48.44% return.

POWERINDIA.NS

• 1D: 3.23%
• 1M: 8.13%
• YTD: 87.47%
• 6M: 75.71%
• 1Y: 101.57%
• 3Y*: 102.97%
• 5Y*: 79.15%
• 10Y*: —

TSM

• 1D: -0.00%
• 1M: 5.70%
• YTD: 48.44%
• 6M: 53.25%
• 1Y: 121.19%
• 3Y*: 68.77%
• 5Y*: 38.32%
• 10Y*: 40.53%

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

POWERINDIA.NS vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
POWERINDIA.NS Hitachi Energy India Limited	87.47%	27.08%	173.87%	57.39%	32.59%	95.70%	90.10%
TSM Taiwan Semiconductor Manufacturing Company Limited	48.44%	63.37%	98.42%	43.31%	-29.95%	14.33%	126.25%

Correlation

The correlation between POWERINDIA.NS and TSM is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (3Y) Calculated over the trailing 3-year period	0.05
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 30, 2020	0.03

Return for Risk

POWERINDIA.NS vs. TSM — Risk / Return Rank

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

POWERINDIA.NS

POWERINDIA.NS Risk / Return Rank: 89
POWERINDIA.NS Sharpe Ratio Rank: 92
POWERINDIA.NS Sortino Ratio Rank: 90
POWERINDIA.NS Omega Ratio Rank: 88
POWERINDIA.NS Calmar Ratio Rank: 87
POWERINDIA.NS Martin Ratio Rank: 88

TSM

TSM Risk / Return Rank: 93
TSM Sharpe Ratio Rank: 94
TSM Sortino Ratio Rank: 92
TSM Omega Ratio Rank: 90
TSM Calmar Ratio Rank: 94
TSM Martin Ratio Rank: 96

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.

POWERINDIA.NS vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hitachi Energy India Limited (POWERINDIA.NS) 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.

	POWERINDIA.NS	TSM	Difference
Sharpe ratio: Return per unit of total volatility	2.39	3.36	-0.97
Sortino ratio: Return per unit of downside risk	3.08	3.82	-0.74
Omega ratio: Gain probability vs. loss probability	1.37	1.48	-0.11
Calmar ratio: Return relative to maximum drawdown	3.65	8.12	-4.47
Martin ratio: Return relative to average drawdown	9.65	27.17	-17.52

POWERINDIA.NS vs. TSM - Sharpe Ratio Comparison

The current POWERINDIA.NS Sharpe Ratio is 2.39, which is comparable to the TSM Sharpe Ratio of 3.36. The chart below compares the historical Sharpe Ratios of POWERINDIA.NS 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.

Drawdowns

POWERINDIA.NS vs. TSM - Drawdown Comparison

The maximum POWERINDIA.NS drawdown since its inception was -40.31%, smaller than the maximum TSM drawdown of -51.46%. Use the drawdown chart below to compare losses from any high point for POWERINDIA.NS and TSM.

Drawdown Indicators

	POWERINDIA.NS	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-40.31%	-51.46%	+11.15%
Max Drawdown (1Y) Largest decline over 1 year	-28.75%	-15.01%	-13.74%
Max Drawdown (3Y) Largest decline over 3 years	-40.31%	-36.82%	-3.49%
Max Drawdown (5Y) Largest decline over 5 years	-40.31%	-51.46%	+11.15%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.46%	—
Current Drawdown Current decline from peak	-10.72%	-5.17%	-5.55%
Average Drawdown Average peak-to-trough decline	-8.74%	-9.98%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.89%	4.48%	+6.41%

Volatility

POWERINDIA.NS vs. TSM - Volatility Comparison

Hitachi Energy India Limited (POWERINDIA.NS) and Taiwan Semiconductor Manufacturing Company Limited (TSM) have volatilities of 14.23% and 14.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	POWERINDIA.NS	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.23%	14.30%	-0.07%
Volatility (6M) Calculated over the trailing 6-month period	31.40%	28.44%	+2.96%
Volatility (1Y) Calculated over the trailing 1-year period	43.98%	36.28%	+7.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	45.65%	36.77%	+8.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.12%	33.38%	+10.74%

Dividends

POWERINDIA.NS vs. TSM - Dividend Comparison

POWERINDIA.NS's dividend yield for the trailing twelve months is around 0.02%, less than TSM's 0.83% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POWERINDIA.NS Hitachi Energy India Limited	0.02%	0.03%	0.03%	0.06%	0.09%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.83%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

Frequently Asked Questions

Can I hold both POWERINDIA.NS and TSM in my portfolio?

POWERINDIA.NS and TSM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.