TSEM vs. HL
TSEM (Tower Semiconductor Ltd) and HL (Hecla Mining Company) are both stocks. TSEM operates in Semiconductors (Technology), while HL operates in Gold (Basic Materials). Over the past 10 years, TSEM returned 35.70%/yr vs 13.95%/yr for HL. At a 0.13 correlation, their price movements are largely independent.
Performance
TSEM vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, TSEM achieves a 123.91% return, which is significantly higher than HL's -20.29% return. Over the past 10 years, TSEM has outperformed HL with an annualized return of 35.70%, while HL has yielded a comparatively lower 13.95% annualized return.
TSEM
- 1D
- 1.77%
- 1M
- -2.90%
- YTD
- 123.91%
- 6M
- 121.05%
- 1Y
- 553.70%
- 3Y*
- 86.93%
- 5Y*
- 56.98%
- 10Y*
- 35.70%
HL
- 1D
- 2.00%
- 1M
- -27.35%
- YTD
- -20.29%
- 6M
- -18.68%
- 1Y
- 155.56%
- 3Y*
- 42.93%
- 5Y*
- 11.61%
- 10Y*
- 13.95%
TSEM vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSEM Tower Semiconductor Ltd | 123.91% | 127.96% | 68.77% | -29.35% | 8.87% | 53.68% | 7.32% | 63.23% | -56.75% | 79.09% |
HL Hecla Mining Company | -20.29% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
Correlation
The correlation between TSEM and HL is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.29 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Oct 26, 1994 | 0.13 |
The correlation between TSEM and HL shifts across timeframes, from 0.13 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TSEM:
$30.06B
HL:
$10.32B
TSEM:
$2.15
HL:
$0.84
TSEM:
122.04
HL:
18.18
TSEM:
4.30
HL:
0.08
TSEM:
18.47
HL:
6.47
TSEM:
10.11
HL:
4.02
TSEM:
$1.62B
HL:
$1.57B
TSEM:
$401.63M
HL:
$788.95M
TSEM:
$571.93M
HL:
$864.40M
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Return for Risk
TSEM vs. HL — Risk / Return Rank
TSEM
HL
TSEM vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tower Semiconductor Ltd (TSEM) and Hecla Mining Company (HL). 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 | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +5.97 | ||
| Sortino ratioReturn per unit of downside risk | +3.12 | ||
| Omega ratioGain probability vs. loss probability | 1.74 | 1.32 | +0.42 |
| Calmar ratioReturn relative to maximum drawdown | 22.31 | 2.80 | +19.51 |
| Martin ratioReturn relative to average drawdown | 77.52 | 6.33 | +71.19 |
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Drawdowns
TSEM vs. HL - Drawdown Comparison
The maximum TSEM drawdown since its inception was -99.75%, roughly equal to the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for TSEM and HL.
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Drawdown Indicators
| TSEM | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.75% | -97.92% | -1.83% |
Max Drawdown (1Y)Largest decline over 1 year | -25.04% | -55.81% | +30.77% |
Max Drawdown (3Y)Largest decline over 3 years | -46.78% | -55.81% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -55.39% | -61.90% | +6.51% |
Max Drawdown (10Y)Largest decline over 10 years | -62.28% | -82.45% | +20.17% |
Current DrawdownCurrent decline from peak | -56.05% | -51.91% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -85.38% | -69.93% | -15.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 24.67% | -17.47% |
Volatility
TSEM vs. HL - Volatility Comparison
Tower Semiconductor Ltd (TSEM) has a higher volatility of 25.08% compared to Hecla Mining Company (HL) at 22.72%. This indicates that TSEM's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSEM | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.08% | 22.72% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 55.81% | 54.93% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.83% | 72.59% | -3.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.30% | 59.35% | -12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.61% | 62.77% | -19.16% |
Dividends
TSEM vs. HL - Dividend Comparison
TSEM has not paid dividends to shareholders, while HL's dividend yield for the trailing twelve months is around 0.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HL Hecla Mining Company | 0.10% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
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. HL - Financials Comparison
This section allows you to compare key financial metrics between Tower Semiconductor Ltd and Hecla Mining Company. 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. HL - 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%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
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%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
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%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
Frequently Asked Questions
TSEM and HL have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSEM has higher volatility (25.08%) compared to HL (22.72%). In terms of maximum drawdown, TSEM dropped -99.75% vs HL's -97.92%.
TSEM currently has the higher Sharpe Ratio (8.13 vs 2.16), 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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