SKYT vs. TSM

Last updated Apr 2, 2026

Compare and contrast key facts about SkyWater Technology, Inc. (SKYT) and Taiwan Semiconductor Manufacturing Company Limited (TSM).

Performance

SKYT vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SkyWater Technology, Inc. (SKYT) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

SKYT vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SKYT SkyWater Technology, Inc.	49.50%	31.59%	43.45%	35.30%	-56.17%	-8.57%
TSM Taiwan Semiconductor Manufacturing Company Limited	12.69%	55.91%	92.58%	42.33%	-36.75%	3.72%

Fundamentals

Market Cap SKYT : $1.32B TSM : $1.77T
EPS SKYT : $2.45 TSM : $332.18
PE Ratio SKYT : 11.07 TSM : 1.03
PS Ratio SKYT : 2.98 TSM : 0.46
PB Ratio SKYT : 7.02 TSM : 0.33
Total Revenue (TTM) SKYT : $442.14M TSM : $3.82T
Gross Profit (TTM) SKYT : $86.93M TSM : $2.29T
EBITDA (TTM) SKYT : $129.06M TSM : $2.90T

Returns By Period

In the year-to-date period, SKYT achieves a 49.50% return, which is significantly higher than TSM's 12.69% return.

SKYT

• 1D: -0.95%
• 1M: -9.44%
• YTD: 49.50%
• 6M: 42.00%
• 1Y: 287.86%
• 3Y*: 33.62%
• 5Y*: —
• 10Y*: —

TSM

• 1D: 1.05%
• 1M: -7.22%
• YTD: 12.69%
• 6M: 19.02%
• 1Y: 104.95%
• 3Y*: 56.55%
• 5Y*: 24.34%
• 10Y*: 32.58%

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

Return for Risk

SKYT vs. TSM — Risk / Return Rank

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

SKYT

SKYT Risk / Return Rank: 95
SKYT Sharpe Ratio Rank: 95
SKYT Sortino Ratio Rank: 95
SKYT Omega Ratio Rank: 91
SKYT Calmar Ratio Rank: 96
SKYT Martin Ratio Rank: 95

TSM

TSM Risk / Return Rank: 94
TSM Sharpe Ratio Rank: 95
TSM Sortino Ratio Rank: 93
TSM Omega Ratio Rank: 91
TSM Calmar Ratio Rank: 95
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.

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 ratio Return per unit of total volatility	2.85	2.74	+0.11
Sortino ratio Return per unit of downside risk	3.66	3.30	+0.35
Omega ratio Gain probability vs. loss probability	1.42	1.42	+0.01
Calmar ratio Return relative to maximum drawdown	6.64	5.96	+0.67
Martin ratio Return relative to average drawdown	17.75	20.06	-2.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SKYT vs. TSM - Sharpe Ratio Comparison

The current SKYT Sharpe Ratio is 2.85, which is comparable to the TSM Sharpe Ratio of 2.74. The chart below compares the historical Sharpe Ratios of SKYT and TSM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SKYT	TSM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.85	2.74	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.09	0.35	-0.26

Correlation

The correlation between SKYT and TSM is 0.44, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

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 0.97%.

	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	0.97%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

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.

Drawdown Indicators

	SKYT	TSM	Difference
Max Drawdown Largest 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 (5Y) Largest decline over 5 years	—	-56.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-21.94%	-11.68%	-10.26%
Average Drawdown Average peak-to-trough decline	-61.76%	-43.13%	-18.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.94%	5.39%	+10.55%

Volatility

SKYT vs. TSM - Volatility Comparison

The current volatility for SkyWater Technology, Inc. (SKYT) is 10.76%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.87%. This indicates that SKYT 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.

Volatility by Period

	SKYT	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.76%	13.87%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	69.92%	27.13%	+42.79%
Volatility (1Y) Calculated over the trailing 1-year period	101.81%	38.60%	+63.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	98.76%	36.91%	+61.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.76%	33.85%	+64.91%

Financials

SKYT vs. TSM - Profitability Comparison

The chart below illustrates the profitability comparison between SkyWater Technology, Inc. and Taiwan Semiconductor Manufacturing Company Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

SKYT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, SkyWater Technology, Inc. reported a gross profit of 25.56M and revenue of 171.04M. Therefore, the gross margin over that period was 14.9%.

TSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 658.15B and revenue of 1.06T. Therefore, the gross margin over that period was 62.3%.

SKYT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, SkyWater Technology, Inc. reported an operating income of -3.01M and revenue of 171.04M, resulting in an operating margin of -1.8%.

TSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 569.13B and revenue of 1.06T, resulting in an operating margin of 53.9%.

SKYT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, SkyWater Technology, Inc. reported a net income of -7.78M and revenue of 171.04M, resulting in a net margin of -4.6%.

TSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 510.52B and revenue of 1.06T, resulting in a net margin of 48.4%.