TSM vs. ADA-USD
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while ADA-USD (Cardano) is a cryptocurrency. Over the past 5 years, TSM returned 31.30%/yr vs -35.83%/yr for ADA-USD. At a 0.17 correlation, their price movements are largely independent.
Performance
TSM vs. ADA-USD - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly higher than ADA-USD's -48.46% return.
TSM
- 1D
- 0.68%
- 1M
- 1.72%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 103.01%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
ADA-USD
- 1D
- 0.57%
- 1M
- -36.57%
- YTD
- -48.46%
- 6M
- -58.23%
- 1Y
- -73.29%
- 3Y*
- -13.30%
- 5Y*
- -35.83%
- 10Y*
- —
TSM vs. ADA-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | -6.55% |
ADA-USD Cardano | -48.46% | -60.53% | 42.06% | 141.64% | -81.22% | 621.17% | 452.29% | -20.01% | -94.29% | 2,760.49% |
Correlation
The correlation between TSM and ADA-USD is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.17 |
The correlation between TSM and ADA-USD shifts across timeframes, from 0.17 (all time) to 0.27 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSM vs. ADA-USD — Risk / Return Rank
TSM
ADA-USD
TSM vs. ADA-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Cardano (ADA-USD). 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.
| TSM | ADA-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.66 | ||
| Sortino ratioReturn per unit of downside risk | +5.13 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.83 | +0.57 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | -0.88 | +6.36 |
| Martin ratioReturn relative to average drawdown | 19.42 | -1.36 | +20.78 |
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Drawdowns
TSM vs. ADA-USD - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, smaller than the maximum ADA-USD drawdown of -97.85%. Use the drawdown chart below to compare losses from any high point for TSM and ADA-USD.
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Drawdown Indicators
| TSM | ADA-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -97.85% | +8.77% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -83.69% | +65.55% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -87.24% | +50.42% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -94.72% | +38.25% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -94.22% | +89.35% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -77.55% | +34.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 61.12% | -56.01% |
Volatility
TSM vs. ADA-USD - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while Cardano (ADA-USD) has a volatility of 22.15%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than ADA-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | ADA-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 22.15% | -8.73% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 52.67% | -24.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 64.06% | -27.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 74.90% | -37.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 103.19% | -68.96% |
Frequently Asked Questions
TSM and ADA-USD have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ADA-USD has higher volatility (22.15%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs ADA-USD's -97.85%.
TSM currently has the higher Sharpe Ratio (2.71 vs -0.95), 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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