TSEM vs. CHKP

Last updated Jun 3, 2026

TSEM (Tower Semiconductor Ltd) and CHKP (Check Point Software Technologies Ltd.) are both stocks. Both are in the Technology sector — TSEM in Semiconductors, CHKP in Software - Infrastructure. Over the past 10 years, TSEM returned 35.62%/yr vs 5.13%/yr for CHKP. At a 0.22 correlation, their price movements are largely independent.

Performance

TSEM vs. CHKP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tower Semiconductor Ltd (TSEM) and Check Point Software Technologies Ltd. (CHKP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TSEM achieves a 133.96% return, which is significantly higher than CHKP's -24.51% return. Over the past 10 years, TSEM has outperformed CHKP with an annualized return of 35.62%, while CHKP has yielded a comparatively lower 5.13% annualized return.

TSEM

• 1D: 8.78%
• 1M: 26.01%
• YTD: 133.96%
• 6M: 135.88%
• 1Y: 582.17%
• 3Y*: 92.75%
• 5Y*: 59.78%
• 10Y*: 35.62%

CHKP

• 1D: 0.73%
• 1M: 22.32%
• YTD: -24.51%
• 6M: -25.20%
• 1Y: -39.07%
• 3Y*: 4.14%
• 5Y*: 3.52%
• 10Y*: 5.13%

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

TSEM vs. CHKP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSEM Tower Semiconductor Ltd	133.96%	127.96%	68.77%	-29.35%	8.87%	53.68%	7.32%	63.23%	-56.75%	79.09%
CHKP Check Point Software Technologies Ltd.	-24.51%	-0.61%	22.19%	21.11%	8.24%	-12.30%	19.78%	8.10%	-0.94%	22.69%

Correlation

The correlation between TSEM and CHKP is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.03
Correlation (3Y) Calculated over the trailing 3-year period	0.10
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 1, 1996	0.22

The correlation between TSEM and CHKP shifts across timeframes, from -0.03 (1 year) to 0.26 (10 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TSEM : $31.41B CHKP : $14.86B
EPS TSEM : $2.15 CHKP : $9.74
PE Ratio TSEM : 127.52 CHKP : 14.38
PEG Ratio TSEM : 4.50 CHKP : 1.11
PS Ratio TSEM : 19.29 CHKP : 5.52
PB Ratio TSEM : 10.56 CHKP : 5.28
Total Revenue (TTM) TSEM : $1.62B CHKP : $2.76B
Gross Profit (TTM) TSEM : $401.63M CHKP : $2.34B
EBITDA (TTM) TSEM : $571.93M CHKP : $965.90M

Return for Risk

TSEM vs. CHKP — Risk / Return Rank

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

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

CHKP

CHKP Risk / Return Rank: 7
CHKP Sharpe Ratio Rank: 4
CHKP Sortino Ratio Rank: 7
CHKP Omega Ratio Rank: 5
CHKP Calmar Ratio Rank: 12
CHKP Martin Ratio Rank: 5

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.

TSEM vs. CHKP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tower Semiconductor Ltd (TSEM) and Check Point Software Technologies Ltd. (CHKP). 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	CHKP	Difference
Sharpe ratio Return per unit of total volatility	8.77	-1.04	+9.80
Sortino ratio Return per unit of downside risk	6.10	-1.30	+7.40
Omega ratio Gain probability vs. loss probability	1.79	0.80	+0.98
Calmar ratio Return relative to maximum drawdown	23.82	-0.75	+24.57
Martin ratio Return relative to average drawdown	87.95	-1.50	+89.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSEM vs. CHKP - Sharpe Ratio Comparison

The current TSEM Sharpe Ratio is 8.77, which is higher than the CHKP Sharpe Ratio of -1.04. The chart below compares the historical Sharpe Ratios of TSEM and CHKP, 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

	TSEM	CHKP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	8.77	-1.04	+9.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.29	0.13	+1.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.83	0.20	+0.63
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.26	-0.23

Drawdowns

TSEM vs. CHKP - Drawdown Comparison

The maximum TSEM drawdown since its inception was -99.75%, which is greater than CHKP's maximum drawdown of -89.31%. Use the drawdown chart below to compare losses from any high point for TSEM and CHKP.

Drawdown Indicators

	TSEM	CHKP	Difference
Max Drawdown Largest peak-to-trough decline	-99.75%	-89.31%	-10.44%
Max Drawdown (1Y) Largest decline over 1 year	-25.04%	-51.83%	+26.79%
Max Drawdown (3Y) Largest decline over 3 years	-46.78%	-51.83%	+5.05%
Max Drawdown (5Y) Largest decline over 5 years	-55.39%	-51.83%	-3.56%
Max Drawdown (10Y) Largest decline over 10 years	-62.28%	-51.83%	-10.45%
Current Drawdown Current decline from peak	-54.08%	-40.01%	-14.07%
Average Drawdown Average peak-to-trough decline	-85.42%	-41.58%	-43.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.78%	25.86%	-19.08%

Volatility

TSEM vs. CHKP - Volatility Comparison

Tower Semiconductor Ltd (TSEM) has a higher volatility of 29.78% compared to Check Point Software Technologies Ltd. (CHKP) at 8.78%. This indicates that TSEM's price experiences larger fluctuations and is considered to be riskier than CHKP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSEM	CHKP	Difference
Volatility (1M) Calculated over the trailing 1-month period	29.78%	8.78%	+21.00%
Volatility (6M) Calculated over the trailing 6-month period	53.68%	32.30%	+21.38%
Volatility (1Y) Calculated over the trailing 1-year period	67.03%	37.81%	+29.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.79%	27.55%	+19.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.33%	26.02%	+17.31%

Dividends

TSEM vs. CHKP - Dividend Comparison

Neither TSEM nor CHKP has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

TSEM vs. CHKP - Profitability Comparison

The chart below illustrates the profitability comparison between Tower Semiconductor Ltd and Check Point Software Technologies Ltd. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

CHKP - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Check Point Software Technologies Ltd. reported a gross profit of 568.30M and revenue of 668.40M. Therefore, the gross margin over that period was 85.0%.

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%.

CHKP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Check Point Software Technologies Ltd. reported an operating income of 185.10M and revenue of 668.40M, resulting in an operating margin of 27.7%.

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%.

CHKP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Check Point Software Technologies Ltd. reported a net income of 191.60M and revenue of 668.40M, resulting in a net margin of 28.7%.

Frequently Asked Questions

Can I hold both TSEM and CHKP in my portfolio?

TSEM and CHKP have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TSEM or CHKP?

TSEM has higher volatility (29.78%) compared to CHKP (8.78%). In terms of maximum drawdown, TSEM dropped -99.75% vs CHKP's -89.31%.

Which has better risk-adjusted returns?

TSEM currently has the higher Sharpe Ratio (8.77 vs -1.04), 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.