TSM vs. AVGO
TSM (Taiwan Semiconductor Manufacturing Company Limited) and AVGO (Broadcom Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, TSM returned 37.08%/yr vs 42.25%/yr for AVGO. A 0.54 correlation means they provide meaningful diversification when combined.
Performance
TSM vs. AVGO - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 54.69% return, which is significantly higher than AVGO's 13.72% return. Over the past 10 years, TSM has underperformed AVGO with an annualized return of 37.08%, while AVGO has yielded a comparatively higher 42.25% annualized return.
TSM
- 1D
- 1.20%
- 1M
- 15.88%
- YTD
- 54.69%
- 6M
- 60.28%
- 1Y
- 125.65%
- 3Y*
- 68.53%
- 5Y*
- 34.31%
- 10Y*
- 37.08%
AVGO
- 1D
- -4.52%
- 1M
- -5.16%
- YTD
- 13.72%
- 6M
- 15.27%
- 1Y
- 58.01%
- 3Y*
- 70.37%
- 5Y*
- 55.97%
- 10Y*
- 42.25%
TSM vs. AVGO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 54.69% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
AVGO Broadcom Inc. | 13.72% | 50.63% | 110.49% | 104.18% | -13.27% | 56.48% | 44.88% | 29.05% | 2.18% | 48.19% |
Correlation
The correlation between TSM and AVGO is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2009 | 0.54 |
The correlation between TSM and AVGO shifts across timeframes, from 0.54 (all time) to 0.65 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TSM:
$2.43T
AVGO:
$1.91T
TSM:
NT$373.98
AVGO:
$6.01
TSM:
39.52
AVGO:
65.25
TSM:
1.14
AVGO:
0.81
TSM:
18.58
AVGO:
25.35
TSM:
13.01
AVGO:
21.80
TSM:
NT$4.13T
AVGO:
$75.47B
TSM:
NT$2.55T
AVGO:
$50.53B
TSM:
NT$3.14T
AVGO:
$42.03B
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Return for Risk
TSM vs. AVGO — Risk / Return Rank
TSM
AVGO
TSM vs. AVGO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Broadcom Inc. (AVGO). 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 | AVGO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.02 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.24 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | 2.03 | +4.93 |
| Martin ratioReturn relative to average drawdown | 24.65 | 4.63 | +20.02 |
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Drawdowns
TSM vs. AVGO - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than AVGO's maximum drawdown of -48.30%. Use the drawdown chart below to compare losses from any high point for TSM and AVGO.
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Drawdown Indicators
| TSM | AVGO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -48.30% | -40.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -28.67% | +10.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -41.15% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -41.15% | -15.32% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -48.30% | -8.17% |
Current DrawdownCurrent decline from peak | 0.00% | -18.44% | +18.44% |
Average DrawdownAverage peak-to-trough decline | -42.82% | -8.00% | -34.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 12.57% | -7.45% |
Volatility
TSM vs. AVGO - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 14.47%, while Broadcom Inc. (AVGO) has a volatility of 21.58%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than AVGO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | AVGO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 21.58% | -7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 29.15% | 33.32% | -4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.56% | 46.48% | -8.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.65% | 43.61% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.35% | 39.64% | -5.29% |
Dividends
TSM vs. AVGO - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.75%, more than AVGO's 0.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AVGO Broadcom Inc. | 0.65% | 0.70% | 0.94% | 1.71% | 3.02% | 2.24% | 3.05% | 3.54% | 3.11% | 1.87% | 1.43% | 1.13% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.75% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
TSM vs. AVGO - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Broadcom 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
TSM vs. AVGO - Profitability Comparison
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 759.06B and revenue of 1.15T. Therefore, the gross margin over that period was 66.3%.
AVGO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a gross profit of 14.92B and revenue of 22.19B. Therefore, the gross margin over that period was 67.2%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 664.08B and revenue of 1.15T, resulting in an operating margin of 58.0%.
AVGO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported an operating income of 10.87B and revenue of 22.19B, resulting in an operating margin of 49.0%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 578.40B and revenue of 1.15T, resulting in a net margin of 50.5%.
AVGO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Broadcom Inc. reported a net income of 9.31B and revenue of 22.19B, resulting in a net margin of 42.0%.
Frequently Asked Questions
TSM and AVGO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AVGO has higher volatility (21.58%) compared to TSM (14.47%). In terms of maximum drawdown, TSM dropped -89.08% vs AVGO's -48.30%.
TSM currently has the higher Sharpe Ratio (3.37 vs 1.26), 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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