TSM vs. BESI.AS
TSM (Taiwan Semiconductor Manufacturing Company Limited) and BESI.AS (BE Semiconductor Industries NV) are both stocks. Both are in the Technology sector — TSM in Semiconductors, BESI.AS in Semiconductor Equipment & Materials. Over the past 10 years, TSM returned 35.80%/yr vs 46.44%/yr for BESI.AS. At a 0.34 correlation, their price movements are largely independent.
Performance
TSM vs. BESI.AS - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while BESI.AS is traded in EUR. To make them comparable, the BESI.AS values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly lower than BESI.AS's 134.87% return. Over the past 10 years, TSM has underperformed BESI.AS with an annualized return of 35.80%, while BESI.AS has yielded a comparatively higher 46.44% annualized return.
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
BESI.AS
- 1D
- 2.85%
- 1M
- 21.24%
- YTD
- 134.87%
- 6M
- 137.92%
- 1Y
- 159.57%
- 3Y*
- 52.50%
- 5Y*
- 36.90%
- 10Y*
- 46.44%
TSM vs. BESI.AS - 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% | 41.46% |
BESI.AS BE Semiconductor Industries NV | 134.87% | 17.35% | -7.51% | 157.81% | -24.76% | 44.69% | 61.22% | 94.69% | -40.66% | 167.43% |
Correlation
The correlation between TSM and BESI.AS is 0.51, 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 | 0.51 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.34 |
The correlation between TSM and BESI.AS shifts across timeframes, from 0.34 (all time) to 0.51 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSM vs. BESI.AS — Risk / Return Rank
TSM
BESI.AS
TSM vs. BESI.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and BE Semiconductor Industries NV (BESI.AS). 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 | BESI.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.46 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 7.06 | -1.58 |
| Martin ratioReturn relative to average drawdown | 19.42 | 20.85 | -1.42 |
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Drawdowns
TSM vs. BESI.AS - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than BESI.AS's maximum drawdown of -80.06%. Use the drawdown chart below to compare losses from any high point for TSM and BESI.AS.
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Drawdown Indicators
| TSM | BESI.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -80.06% | -9.02% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -22.20% | +4.06% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -54.53% | +17.71% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -56.91% | +0.44% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -61.39% | +4.92% |
Current DrawdownCurrent decline from peak | -4.87% | 0.00% | -4.87% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -21.60% | -21.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 7.56% | -2.45% |
Volatility
TSM vs. BESI.AS - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) and BE Semiconductor Industries NV (BESI.AS) have volatilities of 13.42% and 13.41%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | BESI.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 13.41% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 40.10% | -11.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 50.19% | -13.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 48.82% | -11.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 45.26% | -11.03% |
Dividends
TSM vs. BESI.AS - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, more than BESI.AS's 0.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BESI.AS BE Semiconductor Industries NV | 0.50% | 1.63% | 1.63% | 2.09% | 5.89% | 2.27% | 2.04% | 4.85% | 25.11% | 3.98% | 1.26% | 16.16% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.83% | 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. BESI.AS - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and BE Semiconductor Industries NV. 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
TSM and BESI.AS have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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