TSM vs. BTQ.NEO

Last updated Jun 9, 2026

TSM (Taiwan Semiconductor Manufacturing Company Limited) and BTQ.NEO (BTQ Technologies Corp) are both stocks. Both are in the Technology sector — TSM in Semiconductors, BTQ.NEO in Software - Infrastructure. Over the past 3 years, TSM returned 63.10%/yr vs 106.35%/yr for BTQ.NEO. At a 0.21 correlation, their price movements are largely independent.

Performance

TSM vs. BTQ.NEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Taiwan Semiconductor Manufacturing Company Limited (TSM) and BTQ Technologies Corp (BTQ.NEO). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

TSM is traded in USD, while BTQ.NEO is traded in CAD. To make them comparable, the BTQ.NEO values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, TSM achieves a 40.84% return, which is significantly higher than BTQ.NEO's -17.44% return.

TSM

• 1D: 2.80%
• 1M: 3.67%
• YTD: 40.84%
• 6M: 42.15%
• 1Y: 110.53%
• 3Y*: 63.10%
• 5Y*: 31.67%
• 10Y*: 35.71%

BTQ.NEO

• 1D: 3.73%
• 1M: 39.02%
• YTD: -17.44%
• 6M: -35.31%
• 1Y: 37.44%
• 3Y*: 106.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TSM vs. BTQ.NEO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TSM Taiwan Semiconductor Manufacturing Company Limited	40.84%	55.91%	92.58%	17.67%
BTQ.NEO BTQ Technologies Corp	-17.44%	88.56%	342.98%	11.18%

Correlation

The correlation between TSM and BTQ.NEO is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.23
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023	0.21

Fundamentals

Market Cap TSM : $2.21T BTQ.NEO : CA$821.41M
EPS TSM : $373.98 BTQ.NEO : -CA$0.11
PS Ratio TSM : 0.54 BTQ.NEO : 1.42K
PB Ratio TSM : 0.38 BTQ.NEO : 21.55
Total Revenue (TTM) TSM : $4.13T BTQ.NEO : CA$565.50K
Gross Profit (TTM) TSM : $2.55T BTQ.NEO : CA$565.50K
EBITDA (TTM) TSM : $3.14T BTQ.NEO : -CA$14.23M

Return for Risk

TSM vs. BTQ.NEO — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSM

TSM Risk / Return Rank: 94
TSM Sharpe Ratio Rank: 95
TSM Sortino Ratio Rank: 94
TSM Omega Ratio Rank: 91
TSM Calmar Ratio Rank: 94
TSM Martin Ratio Rank: 96

BTQ.NEO

BTQ.NEO Risk / Return Rank: 59
BTQ.NEO Sharpe Ratio Rank: 52
BTQ.NEO Sortino Ratio Rank: 72
BTQ.NEO Omega Ratio Rank: 65
BTQ.NEO Calmar Ratio Rank: 54
BTQ.NEO Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSM vs. BTQ.NEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and BTQ Technologies Corp (BTQ.NEO). 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.

	TSM	BTQ.NEO	Difference
Sharpe ratio: Return per unit of total volatility	3.06	0.24	+2.82
Sortino ratio: Return per unit of downside risk	3.62	1.74	+1.88
Omega ratio: Gain probability vs. loss probability	1.44	1.18	+0.26
Calmar ratio: Return relative to maximum drawdown	6.13	0.45	+5.68
Martin ratio: Return relative to average drawdown	21.94	0.64	+21.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSM vs. BTQ.NEO - Sharpe Ratio Comparison

The current TSM Sharpe Ratio is 3.06, which is higher than the BTQ.NEO Sharpe Ratio of 0.24. The chart below compares the historical Sharpe Ratios of TSM and BTQ.NEO, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TSM	BTQ.NEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.06	0.24	+2.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.05	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.51	-0.14

Drawdowns

TSM vs. BTQ.NEO - Drawdown Comparison

The maximum TSM drawdown since its inception was -89.08%, which is greater than BTQ.NEO's maximum drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for TSM and BTQ.NEO.

Drawdown Indicators

	TSM	BTQ.NEO	Difference
Max Drawdown Largest peak-to-trough decline	-89.08%	-84.79%	-4.29%
Max Drawdown (1Y) Largest decline over 1 year	-18.14%	-84.79%	+66.65%
Max Drawdown (3Y) Largest decline over 3 years	-36.82%	-84.79%	+47.97%
Max Drawdown (5Y) Largest decline over 5 years	-56.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.47%	—	—
Current Drawdown Current decline from peak	-4.45%	-69.88%	+65.43%
Average Drawdown Average peak-to-trough decline	-42.87%	-47.31%	+4.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.06%	59.10%	-54.04%

Volatility

TSM vs. BTQ.NEO - Volatility Comparison

The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 12.47%, while BTQ Technologies Corp (BTQ.NEO) has a volatility of 42.02%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than BTQ.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSM	BTQ.NEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.47%	42.02%	-29.55%
Volatility (6M) Calculated over the trailing 6-month period	28.23%	84.92%	-56.69%
Volatility (1Y) Calculated over the trailing 1-year period	36.40%	161.69%	-125.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.40%	172.11%	-134.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.20%	172.11%	-137.91%

Dividends

TSM vs. BTQ.NEO - Dividend Comparison

TSM's dividend yield for the trailing twelve months is around 0.78%, while BTQ.NEO has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BTQ.NEO BTQ Technologies Corp	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TSM Taiwan Semiconductor Manufacturing Company Limited	0.78%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%

Financials

Frequently Asked Questions

Can I hold both TSM and BTQ.NEO in my portfolio?

TSM and BTQ.NEO have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.