TSFA.F vs. TSM
TSFA.F (Taiwan Semiconductor Manufacturing Company Ltd) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, TSFA.F returned 32.80%/yr vs 35.87%/yr for TSM. At a 0.46 correlation, their price movements are largely independent.
Performance
TSFA.F vs. TSM - Performance Comparison
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Different Trading Currencies
TSFA.F is traded in EUR, while TSM is traded in USD. To make them comparable, the TSM values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with TSFA.F having a 49.91% return and TSM slightly lower at 48.49%. Over the past 10 years, TSFA.F has underperformed TSM with an annualized return of 32.80%, while TSM has yielded a comparatively higher 35.87% annualized return.
TSFA.F
- 1D
- 0.92%
- 1M
- 7.43%
- YTD
- 49.91%
- 6M
- 49.34%
- 1Y
- 116.46%
- 3Y*
- 60.99%
- 5Y*
- 31.35%
- 10Y*
- 32.80%
TSM
- 1D
- 0.00%
- 1M
- 7.28%
- YTD
- 48.49%
- 6M
- 52.13%
- 1Y
- 118.21%
- 3Y*
- 62.47%
- 5Y*
- 33.47%
- 10Y*
- 35.87%
TSFA.F vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSFA.F Taiwan Semiconductor Manufacturing Company Ltd | 49.91% | 31.88% | 105.37% | 34.35% | -34.01% | 21.89% | 59.97% | 69.22% | -3.21% | 22.17% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 39.69% | 37.40% | 105.29% | 38.06% | -32.83% | 20.48% | 76.79% | 68.57% | 1.02% | 24.08% |
Correlation
The correlation between TSFA.F and TSM is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Aug 29, 2007 | 0.46 |
Over the past year, TSFA.F and TSM have become more correlated (0.91) than their long-term average of 0.46, meaning their price movements have been converging.
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Return for Risk
TSFA.F vs. TSM — Risk / Return Rank
TSFA.F
TSM
TSFA.F vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Ltd (TSFA.F) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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.
| TSFA.F | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.48 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 7.00 | 7.59 | -0.60 |
| Martin ratioReturn relative to average drawdown | 23.07 | 24.84 | -1.77 |
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
| TSFA.F | TSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.10 | 3.35 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.92 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.95 | 1.06 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.81 | -0.56 |
Drawdowns
TSFA.F vs. TSM - Drawdown Comparison
The maximum TSFA.F drawdown since its inception was -83.85%, which is greater than TSM's maximum drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for TSFA.F and TSM.
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Drawdown Indicators
| TSFA.F | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.85% | -50.24% | -33.61% |
Max Drawdown (1Y)Largest decline over 1 year | -16.41% | -15.66% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -39.95% | -40.23% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -51.74% | -50.24% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -51.74% | -50.24% | -1.50% |
Current DrawdownCurrent decline from peak | 0.00% | -0.26% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -42.14% | -10.49% | -31.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 4.78% | +0.21% |
Volatility
TSFA.F vs. TSM - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Ltd (TSFA.F) is 8.81%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 9.81%. This indicates that TSFA.F experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSFA.F | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.81% | 9.81% | -1.00% |
Volatility (6M)Calculated over the trailing 6-month period | 27.93% | 26.50% | +1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.04% | 35.44% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.89% | 36.58% | +1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.41% | 33.82% | +0.59% |
Dividends
TSFA.F vs. TSM - Dividend Comparison
TSFA.F's dividend yield for the trailing twelve months is around 0.02%, less than TSM's 0.80% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSFA.F Taiwan Semiconductor Manufacturing Company Ltd | 0.02% | 0.03% | 0.03% | 0.05% | 0.07% | 0.05% | 0.05% | 0.09% | 0.10% | 0.09% | 0.08% | 0.09% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.80% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
TSFA.F vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Ltd and Taiwan Semiconductor Manufacturing Company Limited. 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
Frequently Asked Questions
With a correlation of 0.91, TSFA.F and TSM move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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