TSEM vs. AXTI
TSEM (Tower Semiconductor Ltd) and AXTI (AXT, Inc.) are both stocks. Both are in the Technology sector — TSEM in Semiconductors, AXTI in Semiconductor Equipment & Materials. Over the past 10 years, TSEM returned 32.18%/yr vs 32.40%/yr for AXTI. Their 0.26 correlation means their historical movements had little consistent relationship.
Performance
TSEM vs. AXTI - Performance Comparison
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Returns By Period
In the year-to-date period, TSEM achieves a 87.08% return, which is significantly lower than AXTI's 269.60% return. Both investments have delivered pretty close results over the past 10 years, with TSEM having a 32.18% annualized return and AXTI not far ahead at 32.40%.
TSEM
- 1D
- 4.03%
- 1M
- 0.28%
- 6M
- 63.04%
- YTD
- 87.08%
- 1Y
- 391.76%
- 3Y*
- 79.58%
- 5Y*
- 51.14%
- 10Y*
- 32.18%
- ALL TIME*
- 0.89%
AXTI
- 1D
- 28.74%
- 1M
- 6.73%
- 6M
- 225.94%
- YTD
- 269.60%
- 1Y
- 3,047.40%
- 3Y*
- 169.71%
- 5Y*
- 42.74%
- 10Y*
- 32.40%
- ALL TIME*
- 6.40%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
AXTI AXT, Inc. | $521.22M | $514.43M | $822.68M |
| $339.52M | $421.97M | $502.55M |
TSEM vs. AXTI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSEM Tower Semiconductor Ltd | 87.08% | 127.96% | 68.77% | -29.35% | 8.87% | 53.68% | 7.32% | 63.23% | -56.75% | 79.09% |
AXTI AXT, Inc. | 269.60% | 653.46% | -9.58% | -45.21% | -50.28% | -7.94% | 120.00% | -0.00% | -50.00% | 81.25% |
Correlation
The correlation between TSEM and AXTI is 0.49, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.49 |
Correlation (3Y) Balances recent behavior with more history. | 0.39 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.39 |
Correlation (All Time) Calculated using the full available price history since May 21, 1998 | 0.26 |
Over the past year, TSEM and AXTI have become more correlated (0.49) than their long-term average of 0.26, meaning their price movements have been converging.
Fundamentals
TSEM:
$24.55B
AXTI:
$3.07B
TSEM:
$2.15
AXTI:
$0.08
TSEM:
102.15
AXTI:
750.99
TSEM:
3.60
AXTI:
10.43
TSEM:
15.46
AXTI:
24.26
TSEM:
8.45
AXTI:
4.08
TSEM:
$1.62B
AXTI:
$125.51M
TSEM:
$401.63M
AXTI:
$40.39M
TSEM:
$571.93M
AXTI:
$17.91M
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Return for Risk
TSEM vs. AXTI — Risk / Return Rank
TSEM
AXTI
TSEM vs. AXTI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tower Semiconductor Ltd (TSEM) and AXT, Inc. (AXTI). 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.
| TSEM | AXTI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -14.02 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.64 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 9.41 | 38.57 | -29.16 |
| Martin ratioReturn relative to average drawdown | 33.95 | 117.62 | -83.66 |
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Drawdowns
TSEM vs. AXTI - Drawdown Comparison
The maximum TSEM drawdown since its inception was -99.75%, roughly equal to the maximum AXTI drawdown of -98.57%. Use the drawdown chart below to compare losses from any high point for TSEM and AXTI.
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Drawdown Indicators
| TSEM | AXTI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -98.57% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -40.72% | -73.75% | +33.03% |
Max Drawdown (3Y)Largest decline over 3 years | -45.83% | -78.52% | +32.69% |
Max Drawdown (5Y)Largest decline over 5 years | -55.39% | -88.79% | +33.40% |
Max Drawdown (10Y)Largest decline over 10 years | -62.28% | -92.45% | +30.17% |
Current DrawdownCurrent decline from peak | -63.28% | -57.09% | -6.19% |
Average DrawdownAverage peak-to-trough decline | -85.27% | -82.15% | -3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.26% | 24.14% | -12.88% |
Volatility
TSEM vs. AXTI - Volatility Comparison
The current volatility for Tower Semiconductor Ltd (TSEM) is 30.62%, while AXT, Inc. (AXTI) has a volatility of 57.24%. This indicates that TSEM experiences smaller price fluctuations and is considered to be less risky than AXTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSEM | AXTI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 30.62% | 57.24% | -26.62% |
Volatility (6M)Calculated over the trailing 6-month period | 65.57% | 122.91% | -57.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 76.83% | 149.65% | -72.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.90% | 100.30% | -50.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.00% | 85.23% | -40.23% |
Dividends
TSEM vs. AXTI - Dividend Comparison
Neither TSEM nor AXTI has paid dividends to shareholders.
Financials
TSEM vs. AXTI - Financials Comparison
This section allows you to compare key financial metrics between Tower Semiconductor Ltd and AXT, 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. AXTI - Profitability Comparison
TSEM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
AXTI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported a gross profit of 21.37M and revenue of 47.59M. Therefore, the gross margin over that period was 44.9%.
TSEM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tower Semiconductor Ltd reported an operating income of 64.57M and revenue of 413.63M, resulting in an operating margin of 15.6%.
AXTI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported an operating income of 10.42M and revenue of 47.59M, resulting in an operating margin of 21.9%.
TSEM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tower Semiconductor Ltd reported a net income of 65.03M and revenue of 413.63M, resulting in a net margin of 15.7%.
AXTI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, AXT, Inc. reported a net income of 11.13M and revenue of 47.59M, resulting in a net margin of 23.4%.
Frequently Asked Questions
TSEM and AXTI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AXTI has higher volatility (57.24%) compared to TSEM (30.62%). In terms of maximum drawdown, TSEM dropped -99.75% vs AXTI's -98.57%.
AXTI currently has the higher Sharpe Ratio (19.01 vs 4.99), 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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