TSM vs. CRM
TSM (Taiwan Semiconductor Manufacturing Company Limited) and CRM (Salesforce, Inc.) are both stocks. Both are in the Technology sector — TSM in Semiconductors, CRM in Software - Application. Over the past 10 years, TSM returned 37.08%/yr vs 6.89%/yr for CRM. At a 0.39 correlation, their price movements are largely independent.
Performance
TSM vs. CRM - 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 CRM's -43.03% return. Over the past 10 years, TSM has outperformed CRM with an annualized return of 37.08%, while CRM has yielded a comparatively lower 6.89% 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%
CRM
- 1D
- -1.09%
- 1M
- -16.40%
- YTD
- -43.03%
- 6M
- -42.97%
- 1Y
- -41.90%
- 3Y*
- -10.08%
- 5Y*
- -8.78%
- 10Y*
- 6.89%
TSM vs. CRM - 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% |
CRM Salesforce, Inc. | -43.03% | -20.25% | 27.76% | 98.46% | -47.83% | 14.20% | 36.82% | 18.74% | 33.98% | 49.33% |
Correlation
The correlation between TSM and CRM is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Jun 23, 2004 | 0.39 |
The correlation between TSM and CRM shifts across timeframes, from -0.06 (1 year) to 0.39 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
TSM:
$2.43T
CRM:
$130.75B
TSM:
NT$373.98
CRM:
$8.59
TSM:
39.52
CRM:
17.47
TSM:
1.14
CRM:
0.04
TSM:
18.58
CRM:
3.27
TSM:
13.01
CRM:
3.82
TSM:
NT$4.13T
CRM:
$42.83B
TSM:
NT$2.55T
CRM:
$33.25B
TSM:
NT$3.14T
CRM:
$12.32B
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Return for Risk
TSM vs. CRM — Risk / Return Rank
TSM
CRM
TSM vs. CRM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Salesforce, Inc. (CRM). 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 | CRM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.47 | ||
| Sortino ratioReturn per unit of downside risk | +5.49 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 0.81 | +0.66 |
| Calmar ratioReturn relative to maximum drawdown | 6.97 | -0.94 | +7.91 |
| Martin ratioReturn relative to average drawdown | 24.65 | -1.93 | +26.58 |
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Drawdowns
TSM vs. CRM - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than CRM's maximum drawdown of -70.50%. Use the drawdown chart below to compare losses from any high point for TSM and CRM.
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Drawdown Indicators
| TSM | CRM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -70.50% | -18.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -44.67% | +26.53% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -58.66% | +21.84% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -58.66% | +2.19% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -58.66% | +2.19% |
Current DrawdownCurrent decline from peak | 0.00% | -58.66% | +58.66% |
Average DrawdownAverage peak-to-trough decline | -42.82% | -16.18% | -26.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.12% | 21.75% | -16.63% |
Volatility
TSM vs. CRM - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 14.47%, while Salesforce, Inc. (CRM) has a volatility of 16.35%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than CRM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | CRM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.47% | 16.35% | -1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 29.15% | 31.75% | -2.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.56% | 38.26% | -0.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.65% | 37.14% | +0.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.35% | 35.42% | -1.07% |
Dividends
TSM vs. CRM - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.75%, less than CRM's 1.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRM Salesforce, Inc. | 1.16% | 0.63% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.75% | 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. CRM - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Salesforce, 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. CRM - 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%.
CRM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a gross profit of 8.56B and revenue of 11.13B. Therefore, the gross margin over that period was 76.9%.
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%.
CRM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported an operating income of 2.35B and revenue of 11.13B, resulting in an operating margin of 21.1%.
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%.
CRM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Salesforce, Inc. reported a net income of 2.11B and revenue of 11.13B, resulting in a net margin of 18.9%.
Frequently Asked Questions
TSM and CRM have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CRM has higher volatility (16.35%) compared to TSM (14.47%). In terms of maximum drawdown, TSM dropped -89.08% vs CRM's -70.50%.
TSM currently has the higher Sharpe Ratio (3.37 vs -1.10), 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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