TEVA vs. TSEM

Last updated Jun 4, 2026

TEVA (Teva Pharmaceutical Industries Limited) and TSEM (Tower Semiconductor Ltd) are both stocks. TEVA operates in Drug Manufacturers - Specialty & Generic (Healthcare), while TSEM operates in Semiconductors (Technology). Over the past 10 years, TEVA returned -4.41%/yr vs 35.28%/yr for TSEM. At a 0.20 correlation, their price movements are largely independent.

Performance

TEVA vs. TSEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Teva Pharmaceutical Industries Limited (TEVA) and Tower Semiconductor Ltd (TSEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEVA achieves a 5.19% return, which is significantly lower than TSEM's 128.16% return. Over the past 10 years, TEVA has underperformed TSEM with an annualized return of -4.41%, while TSEM has yielded a comparatively higher 35.28% annualized return.

TEVA

• 1D: -0.76%
• 1M: -7.13%
• YTD: 5.19%
• 6M: 17.97%
• 1Y: 90.98%
• 3Y*: 65.59%
• 5Y*: 25.85%
• 10Y*: -4.41%

TSEM

• 1D: -2.48%
• 1M: 24.57%
• YTD: 128.16%
• 6M: 130.94%
• 1Y: 561.18%
• 3Y*: 91.15%
• 5Y*: 58.06%
• 10Y*: 35.28%

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

TEVA vs. TSEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEVA Teva Pharmaceutical Industries Limited	5.19%	41.61%	111.11%	14.47%	13.86%	-16.99%	-1.53%	-36.45%	-18.63%	-46.18%
TSEM Tower Semiconductor Ltd	128.16%	127.96%	68.77%	-29.35%	8.87%	53.68%	7.32%	63.23%	-56.75%	79.09%

Correlation

The correlation between TEVA and TSEM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.26
Correlation (3Y) Calculated over the trailing 3-year period	0.26
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.28
Correlation (All Time) Calculated using the full available price history since Oct 27, 1994	0.20

Fundamentals

Market Cap TEVA : $38.71B TSEM : $30.63B
EPS TEVA : $1.34 TSEM : $2.15
PE Ratio TEVA : 24.54 TSEM : 124.36
PEG Ratio TEVA : 0.19 TSEM : 4.38
PS Ratio TEVA : 2.21 TSEM : 18.82
PB Ratio TEVA : 4.70 TSEM : 10.30
Total Revenue (TTM) TEVA : $17.35B TSEM : $1.62B
Gross Profit (TTM) TEVA : $9.03B TSEM : $401.63M
EBITDA (TTM) TEVA : $3.05B TSEM : $571.93M

Return for Risk

TEVA vs. TSEM — Risk / Return Rank

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

TEVA

TEVA Risk / Return Rank: 90
TEVA Sharpe Ratio Rank: 91
TEVA Sortino Ratio Rank: 92
TEVA Omega Ratio Rank: 91
TEVA Calmar Ratio Rank: 88
TEVA Martin Ratio Rank: 89

TSEM

TSEM Risk / Return Rank: 99
TSEM Sharpe Ratio Rank: 100
TSEM Sortino Ratio Rank: 99
TSEM Omega Ratio Rank: 98
TSEM Calmar Ratio Rank: 99
TSEM Martin Ratio Rank: 100

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.

TEVA vs. TSEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Teva Pharmaceutical Industries Limited (TEVA) and Tower Semiconductor Ltd (TSEM). 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.

	TEVA	TSEM	Difference
Sharpe ratio Return per unit of total volatility	2.37	8.44	-6.07
Sortino ratio Return per unit of downside risk	3.54	6.00	-2.46
Omega ratio Gain probability vs. loss probability	1.45	1.77	-0.32
Calmar ratio Return relative to maximum drawdown	4.20	22.61	-18.41
Martin ratio Return relative to average drawdown	11.46	83.13	-71.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEVA vs. TSEM - Sharpe Ratio Comparison

The current TEVA Sharpe Ratio is 2.37, which is lower than the TSEM Sharpe Ratio of 8.44. The chart below compares the historical Sharpe Ratios of TEVA and TSEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEVA	TSEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.37	8.44	-6.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.61	1.25	-0.64
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.09	0.82	-0.91
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.03	+0.29

Drawdowns

TEVA vs. TSEM - Drawdown Comparison

The maximum TEVA drawdown since its inception was -90.89%, smaller than the maximum TSEM drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for TEVA and TSEM.

Drawdown Indicators

	TEVA	TSEM	Difference
Max Drawdown Largest peak-to-trough decline	-90.89%	-99.75%	+8.86%
Max Drawdown (1Y) Largest decline over 1 year	-21.79%	-25.04%	+3.25%
Max Drawdown (3Y) Largest decline over 3 years	-43.70%	-46.78%	+3.08%
Max Drawdown (5Y) Largest decline over 5 years	-43.70%	-55.39%	+11.69%
Max Drawdown (10Y) Largest decline over 10 years	-88.41%	-62.28%	-26.13%
Current Drawdown Current decline from peak	-51.47%	-55.21%	+3.74%
Average Drawdown Average peak-to-trough decline	-31.99%	-85.42%	+53.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.96%	6.80%	+1.16%

Volatility

TEVA vs. TSEM - Volatility Comparison

The current volatility for Teva Pharmaceutical Industries Limited (TEVA) is 7.57%, while Tower Semiconductor Ltd (TSEM) has a volatility of 29.90%. This indicates that TEVA experiences smaller price fluctuations and is considered to be less risky than TSEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEVA	TSEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.57%	29.90%	-22.33%
Volatility (6M) Calculated over the trailing 6-month period	23.20%	53.71%	-30.51%
Volatility (1Y) Calculated over the trailing 1-year period	38.67%	67.10%	-28.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.91%	46.78%	-3.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.30%	43.33%	+3.97%

Dividends

TEVA vs. TSEM - Dividend Comparison

Neither TEVA nor TSEM has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TEVA Teva Pharmaceutical Industries Limited	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.88%	3.19%	1.77%
TSEM Tower Semiconductor Ltd	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TEVA vs. TSEM - Profitability Comparison

The chart below illustrates the profitability comparison between Teva Pharmaceutical Industries Limited and Tower Semiconductor Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TEVA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Teva Pharmaceutical Industries Limited reported a gross profit of 1.97B and revenue of 3.98B. Therefore, the gross margin over that period was 49.5%.

TSEM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a gross profit of 110.95M and revenue of 413.63M. Therefore, the gross margin over that period was 26.8%.

TEVA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Teva Pharmaceutical Industries Limited reported an operating income of 652.00M and revenue of 3.98B, resulting in an operating margin of 16.4%.

TSEM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported an operating income of 64.57M and revenue of 413.63M, resulting in an operating margin of 15.6%.

TEVA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Teva Pharmaceutical Industries Limited reported a net income of 369.00M and revenue of 3.98B, resulting in a net margin of 9.3%.

TSEM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a net income of 65.03M and revenue of 413.63M, resulting in a net margin of 15.7%.

Frequently Asked Questions

Can I hold both TEVA and TSEM in my portfolio?

TEVA and TSEM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEVA or TSEM?

TSEM has higher volatility (29.90%) compared to TEVA (7.57%). In terms of maximum drawdown, TEVA dropped -90.89% vs TSEM's -99.75%.

Which has better risk-adjusted returns?

TSEM currently has the higher Sharpe Ratio (8.44 vs 2.37), 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.