SMCI vs. TSM
SMCI (Super Micro Computer, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both are in the Technology sector — SMCI in Computer Hardware, TSM in Semiconductors. Over the past 10 years, SMCI returned 27.77%/yr vs 35.80%/yr for TSM. At a 0.36 correlation, their price movements are largely independent.
Performance
SMCI vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, SMCI achieves a 4.07% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, SMCI has underperformed TSM with an annualized return of 27.77%, while TSM has yielded a comparatively higher 35.80% annualized return.
SMCI
- 1D
- -4.72%
- 1M
- -4.81%
- YTD
- 4.07%
- 6M
- -5.78%
- 1Y
- -29.75%
- 3Y*
- 7.64%
- 5Y*
- 52.73%
- 10Y*
- 27.77%
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
SMCI vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, Inc. | 4.07% | -3.97% | 7.23% | 246.24% | 86.80% | 38.82% | 31.81% | 74.06% | -34.07% | -25.38% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between SMCI and TSM is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2007 | 0.36 |
The correlation between SMCI and TSM shifts across timeframes, from 0.36 (all time) to 0.54 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
SMCI:
$20.52B
TSM:
$2.20T
SMCI:
$2.70
TSM:
NT$373.98
SMCI:
11.27
TSM:
35.89
SMCI:
0.25
TSM:
1.03
SMCI:
0.60
TSM:
16.87
SMCI:
2.71
TSM:
11.82
SMCI:
$33.70B
TSM:
NT$4.13T
SMCI:
$2.83B
TSM:
NT$2.55T
SMCI:
$1.47B
TSM:
NT$3.14T
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Return for Risk
SMCI vs. TSM — Risk / Return Rank
SMCI
TSM
SMCI vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Super Micro Computer, Inc. (SMCI) 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.
| SMCI | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.06 | ||
| Sortino ratioReturn per unit of downside risk | -3.26 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.40 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.45 | 5.48 | -5.93 |
| Martin ratioReturn relative to average drawdown | -0.76 | 19.42 | -20.18 |
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Drawdowns
SMCI vs. TSM - Drawdown Comparison
The maximum SMCI drawdown since its inception was -84.84%, roughly equal to the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for SMCI and TSM.
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Drawdown Indicators
| SMCI | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.84% | -89.08% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -66.18% | -18.14% | -48.04% |
Max Drawdown (3Y)Largest decline over 3 years | -84.84% | -36.82% | -48.02% |
Max Drawdown (5Y)Largest decline over 5 years | -84.84% | -56.47% | -28.37% |
Max Drawdown (10Y)Largest decline over 10 years | -84.84% | -56.47% | -28.37% |
Current DrawdownCurrent decline from peak | -74.36% | -4.87% | -69.49% |
Average DrawdownAverage peak-to-trough decline | -31.98% | -42.85% | +10.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 39.34% | 5.11% | +34.23% |
Volatility
SMCI vs. TSM - Volatility Comparison
Super Micro Computer, Inc. (SMCI) has a higher volatility of 44.32% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 13.42%. This indicates that SMCI'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
| SMCI | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 44.32% | 13.42% | +30.90% |
Volatility (6M)Calculated over the trailing 6-month period | 76.32% | 28.65% | +47.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 85.20% | 36.69% | +48.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 86.53% | 37.46% | +49.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 71.19% | 34.23% | +36.96% |
Dividends
SMCI vs. TSM - Dividend Comparison
SMCI 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMCI Super Micro Computer, 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 | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
SMCI vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Super Micro Computer, 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
SMCI vs. TSM - Profitability Comparison
SMCI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a gross profit of 1.02B and revenue of 10.24B. Therefore, the gross margin over that period was 10.0%.
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%.
SMCI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported an operating income of 625.87M and revenue of 10.24B, resulting in an operating margin of 6.1%.
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%.
SMCI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Super Micro Computer, Inc. reported a net income of 1.02B and revenue of 10.24B, resulting in a net margin of 9.9%.
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
SMCI and TSM have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMCI has higher volatility (44.32%) compared to TSM (13.42%). In terms of maximum drawdown, SMCI dropped -84.84% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs -0.35), 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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