SES vs. TSM
SES (SES AI Corp) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. SES operates in Auto Parts (Consumer Cyclical), while TSM operates in Semiconductors (Technology). Over the past 5 years, SES returned -36.15%/yr vs 31.30%/yr for TSM. At a 0.26 correlation, their price movements are largely independent.
Performance
SES vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, SES achieves a -40.56% return, which is significantly lower than TSM's 40.22% return.
SES
- 1D
- 0.00%
- 1M
- -5.31%
- YTD
- -40.56%
- 6M
- -47.55%
- 1Y
- 11.83%
- 3Y*
- -20.00%
- 5Y*
- -36.15%
- 10Y*
- —
TSM
- 1D
- 0.68%
- 1M
- 5.09%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 103.01%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
SES vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SES SES AI Corp | -40.56% | -17.81% | 19.67% | -41.90% | -68.34% | -5.24% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | -2.95% |
Correlation
The correlation between SES and TSM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2021 | 0.26 |
Fundamentals
SES:
$356.14M
TSM:
$2.20T
SES:
-$0.22
TSM:
NT$373.98
SES:
16.19
TSM:
16.87
SES:
1.75
TSM:
11.82
SES:
$21.92M
TSM:
NT$4.13T
SES:
$7.97M
TSM:
NT$2.55T
SES:
-$68.11M
TSM:
NT$3.14T
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Return for Risk
SES vs. TSM — Risk / Return Rank
SES
TSM
SES vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SES AI Corp (SES) 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.
| SES | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.64 | ||
| Sortino ratioReturn per unit of downside risk | -2.40 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 5.48 | -5.38 |
| Martin ratioReturn relative to average drawdown | 0.17 | 19.42 | -19.26 |
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Drawdowns
SES vs. TSM - Drawdown Comparison
The maximum SES drawdown since its inception was -97.58%, which is greater than TSM's maximum drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for SES and TSM.
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Drawdown Indicators
| SES | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -97.58% | -89.08% | -8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -74.08% | -18.14% | -55.94% |
Max Drawdown (3Y)Largest decline over 3 years | -91.41% | -36.82% | -54.59% |
Max Drawdown (5Y)Largest decline over 5 years | -97.58% | -56.47% | -41.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | -90.39% | -4.87% | -85.52% |
Average DrawdownAverage peak-to-trough decline | -65.76% | -42.85% | -22.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.30% | 5.11% | +40.19% |
Volatility
SES vs. TSM - Volatility Comparison
SES AI Corp (SES) has a higher volatility of 27.05% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that SES'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
| SES | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 27.05% | 13.42% | +13.63% |
Volatility (6M)Calculated over the trailing 6-month period | 76.68% | 28.65% | +48.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.91% | 36.69% | +70.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 114.53% | 37.46% | +77.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 111.41% | 34.23% | +77.18% |
Dividends
SES vs. TSM - Dividend Comparison
SES has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SES SES AI 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 | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
SES vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between SES AI Corp 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
Frequently Asked Questions
SES and TSM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SES has higher volatility (27.05%) compared to TSM (13.42%). In terms of maximum drawdown, SES dropped -97.58% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.07), 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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