TSEM vs. AVGO
TSEM (Tower Semiconductor Ltd) and AVGO (Broadcom Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, TSEM returned 35.28%/yr vs 43.87%/yr for AVGO. At a 0.44 correlation, their price movements are largely independent.
Performance
TSEM vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, TSEM achieves a 128.16% return, which is significantly higher than AVGO's 38.76% return. Over the past 10 years, TSEM has underperformed AVGO with an annualized return of 35.28%, while AVGO has yielded a comparatively higher 43.87% annualized return.
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%
AVGO
- 1D
- -0.49%
- 1M
- 15.06%
- YTD
- 38.76%
- 6M
- 26.42%
- 1Y
- 88.09%
- 3Y*
- 83.13%
- 5Y*
- 61.98%
- 10Y*
- 43.87%
TSEM vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSEM Tower Semiconductor Ltd | 128.16% | 127.96% | 68.77% | -29.35% | 8.87% | 53.68% | 7.32% | 63.23% | -56.75% | 79.09% |
AVGO Broadcom Inc. | 38.76% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between TSEM and AVGO is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.52 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2009 | 0.44 |
The correlation between TSEM and AVGO has been stable across timeframes, ranging from 0.44 to 0.52 - a consistent structural relationship.
Fundamentals
TSEM:
$30.63B
AVGO:
$2.34T
TSEM:
$2.15
AVGO:
$5.12
TSEM:
124.36
AVGO:
93.63
TSEM:
4.38
AVGO:
1.16
TSEM:
18.82
AVGO:
34.24
TSEM:
10.30
AVGO:
29.33
TSEM:
$1.62B
AVGO:
$68.28B
TSEM:
$401.63M
AVGO:
$46.31B
TSEM:
$571.93M
AVGO:
$36.65B
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Return for Risk
TSEM vs. AVGO — Risk / Return Rank
TSEM
AVGO
TSEM vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tower Semiconductor Ltd (TSEM) and Broadcom Inc. (AVGO). 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.
| TSEM | AVGO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 8.44 | 2.07 | +6.37 |
Sortino ratioReturn per unit of downside risk | 6.00 | 2.74 | +3.26 |
Omega ratioGain probability vs. loss probability | 1.77 | 1.34 | +0.42 |
Calmar ratioReturn relative to maximum drawdown | 22.61 | 3.09 | +19.52 |
Martin ratioReturn relative to average drawdown | 83.13 | 7.42 | +75.71 |
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
| TSEM | AVGO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 8.44 | 2.07 | +6.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.25 | 1.46 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 1.12 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.03 | 1.14 | -1.11 |
Drawdowns
TSEM vs. AVGO - Drawdown Comparison
The maximum TSEM drawdown since its inception was -99.75%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for TSEM and AVGO.
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Drawdown Indicators
| TSEM | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -48.30% | -51.45% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -28.67% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -46.78% | -41.15% | -5.63% |
Max Drawdown (5Y)Largest decline over 5 years | -55.39% | -41.15% | -14.24% |
Max Drawdown (10Y)Largest decline over 10 years | -62.28% | -48.30% | -13.98% |
Current DrawdownCurrent decline from peak | -55.21% | -0.49% | -54.72% |
Average DrawdownAverage peak-to-trough decline | -85.42% | -7.97% | -77.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 11.91% | -5.11% |
Volatility
TSEM vs. AVGO - Volatility Comparison
Tower Semiconductor Ltd (TSEM) has a higher volatility of 29.90% compared to Broadcom Inc. (AVGO) at 11.91%. This indicates that TSEM's price experiences larger fluctuations and is considered to be riskier than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSEM | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 29.90% | 11.91% | +17.99% |
Volatility (6M)Calculated over the trailing 6-month period | 53.71% | 30.70% | +23.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.10% | 42.95% | +24.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.78% | 42.78% | +4.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.33% | 39.18% | +4.15% |
Dividends
TSEM vs. AVGO - Dividend Comparison
TSEM has not paid dividends to shareholders, while AVGO's dividend yield for the trailing twelve months is around 0.52%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.52% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
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
TSEM vs. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Tower Semiconductor Ltd and Broadcom Inc.. 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
TSEM vs. AVGO - Profitability Comparison
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%.
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 13.16B and revenue of 19.31B. Therefore, the gross margin over that period was 68.1%.
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%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 8.56B and revenue of 19.31B, resulting in an operating margin of 44.3%.
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%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 7.35B and revenue of 19.31B, resulting in a net margin of 38.1%.
Frequently Asked Questions
TSEM and AVGO have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSEM has higher volatility (29.90%) compared to AVGO (11.91%). In terms of maximum drawdown, TSEM dropped -99.75% vs AVGO's -48.30%.
TSEM currently has the higher Sharpe Ratio (8.44 vs 2.07), 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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