TSM vs. CS.PA
TSM (Taiwan Semiconductor Manufacturing Company Limited) and CS.PA (AXA SA) are both stocks. TSM operates in Semiconductors (Technology), while CS.PA operates in Insurance - Diversified (Financial Services). Over the past 10 years, TSM returned 35.80%/yr vs 14.28%/yr for CS.PA. At a 0.29 correlation, their price movements are largely independent.
Performance
TSM vs. CS.PA - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while CS.PA is traded in EUR. To make them comparable, the CS.PA 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 higher than CS.PA's 4.12% return. Over the past 10 years, TSM has outperformed CS.PA with an annualized return of 35.80%, while CS.PA has yielded a comparatively lower 14.28% annualized 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%
CS.PA
- 1D
- 0.86%
- 1M
- 2.58%
- YTD
- 4.12%
- 6M
- 5.67%
- 1Y
- 4.20%
- 3Y*
- 25.31%
- 5Y*
- 18.53%
- 10Y*
- 14.28%
TSM vs. CS.PA - 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% |
CS.PA AXA SA | 4.12% | 42.62% | 15.89% | 24.04% | -0.21% | 32.91% | -12.08% | 38.36% | -23.27% | 23.25% |
Correlation
The correlation between TSM and CS.PA is 0.07, 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 | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jun 1, 2007 | 0.29 |
Over the past year, the correlation between TSM and CS.PA has dropped to 0.07 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
TSM vs. CS.PA — Risk / Return Rank
TSM
CS.PA
TSM vs. CS.PA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and AXA SA (CS.PA). 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 | CS.PA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +2.97 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 0.22 | +5.26 |
| Martin ratioReturn relative to average drawdown | 19.42 | 0.40 | +19.03 |
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Drawdowns
TSM vs. CS.PA - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than CS.PA's maximum drawdown of -79.24%. Use the drawdown chart below to compare losses from any high point for TSM and CS.PA.
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Drawdown Indicators
| TSM | CS.PA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -79.24% | -9.84% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -14.59% | -3.55% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -16.15% | -20.67% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -32.50% | -23.97% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -55.59% | -0.88% |
Current DrawdownCurrent decline from peak | -4.87% | -1.39% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -19.05% | -23.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 8.21% | -3.10% |
Volatility
TSM vs. CS.PA - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.42% compared to AXA SA (CS.PA) at 4.98%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than CS.PA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | CS.PA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 4.98% | +8.44% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 15.18% | +13.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 21.03% | +15.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 23.84% | +13.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 26.67% | +7.56% |
Dividends
TSM vs. CS.PA - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, less than CS.PA's 5.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CS.PA AXA SA | 5.68% | 5.25% | 5.77% | 5.76% | 5.91% | 5.46% | 3.74% | 5.34% | 6.68% | 4.69% | 4.59% | 3.77% |
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. CS.PA - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and AXA SA. 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 CS.PA have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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