SKYT vs. TSM
SKYT (SkyWater Technology, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 5 years, SKYT returned 6.75%/yr vs 32.24%/yr for TSM. At a 0.43 correlation, their price movements are largely independent.
Performance
SKYT vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, SKYT achieves a 108.98% return, which is significantly higher than TSM's 46.82% return.
SKYT
- 1D
- -1.09%
- 1M
- 13.52%
- YTD
- 108.98%
- 6M
- 105.36%
- 1Y
- 306.75%
- 3Y*
- 55.36%
- 5Y*
- 6.75%
- 10Y*
- —
TSM
- 1D
- 1.88%
- 1M
- 12.81%
- YTD
- 46.82%
- 6M
- 52.71%
- 1Y
- 122.48%
- 3Y*
- 68.00%
- 5Y*
- 32.24%
- 10Y*
- 36.48%
SKYT vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
SKYT SkyWater Technology, Inc. | 108.98% | 31.59% | 43.45% | 35.30% | -56.17% | -8.57% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 46.82% | 55.91% | 92.58% | 42.33% | -36.75% | 3.72% |
Correlation
The correlation between SKYT and TSM is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Apr 22, 2021 | 0.43 |
The correlation between SKYT and TSM shifts across timeframes, from 0.30 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
SKYT:
$1.85B
TSM:
$2.31T
SKYT:
$2.35
TSM:
$373.98
SKYT:
16.17
TSM:
1.19
SKYT:
3.40
TSM:
0.56
SKYT:
10.27
TSM:
0.39
SKYT:
$541.53M
TSM:
$4.13T
SKYT:
$106.23M
TSM:
$2.55T
SKYT:
$138.71M
TSM:
$3.14T
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Return for Risk
SKYT vs. TSM — Risk / Return Rank
SKYT
TSM
SKYT vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SkyWater Technology, Inc. (SKYT) 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.
| SKYT | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.49 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.25 | 6.79 | +0.46 |
| Martin ratioReturn relative to average drawdown | 19.17 | 24.45 | -5.28 |
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
| SKYT | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.18 | 3.46 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.87 | -0.80 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.07 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.37 | -0.21 |
Drawdowns
SKYT vs. TSM - Drawdown Comparison
The maximum SKYT drawdown since its inception was -86.72%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for SKYT and TSM.
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Drawdown Indicators
| SKYT | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.72% | -89.08% | +2.36% |
Max Drawdown (1Y)Largest decline over 1 year | -42.64% | -18.14% | -24.50% |
Max Drawdown (3Y)Largest decline over 3 years | -63.57% | -36.82% | -26.75% |
Max Drawdown (5Y)Largest decline over 5 years | -86.72% | -56.47% | -30.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | -4.91% | -0.40% | -4.51% |
Average DrawdownAverage peak-to-trough decline | -59.85% | -42.88% | -16.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.10% | 5.03% | +11.07% |
Volatility
SKYT vs. TSM - Volatility Comparison
SkyWater Technology, Inc. (SKYT) and Taiwan Semiconductor Manufacturing Company Limited (TSM) have volatilities of 11.68% and 11.49%, 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.
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Volatility by Period
| SKYT | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.68% | 11.49% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 47.02% | 27.20% | +19.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 97.25% | 35.62% | +61.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 96.77% | 37.27% | +59.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.37% | 34.11% | +63.26% |
Dividends
SKYT vs. TSM - Dividend Comparison
SKYT has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SKYT SkyWater Technology, Inc. | 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 | 0.75% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
SKYT vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between SkyWater Technology, Inc. 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
SKYT vs. TSM - Profitability Comparison
SKYT - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, SkyWater Technology, Inc. reported a gross profit of 32.15M and revenue of 160.69M. Therefore, the gross margin over that period was 20.0%.
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%.
SKYT - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, SkyWater Technology, Inc. reported an operating income of -5.28M and revenue of 160.69M, resulting in an operating margin of -3.3%.
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%.
SKYT - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, SkyWater Technology, Inc. reported a net income of -12.31M and revenue of 160.69M, resulting in a net margin of -7.7%.
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
SKYT and TSM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SKYT has higher volatility (11.68%) compared to TSM (11.49%). In terms of maximum drawdown, SKYT dropped -86.72% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (3.46 vs 3.18), 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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