TSM vs. CVNA
TSM (Taiwan Semiconductor Manufacturing Company Limited) and CVNA (Carvana Co.) are both stocks. TSM operates in Semiconductors (Technology), while CVNA operates in Internet Retail (Consumer Cyclical). Over the past 5 years, TSM returned 31.30%/yr vs 3.14%/yr for CVNA. At a 0.33 correlation, their price movements are largely independent.
Performance
TSM vs. CVNA - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly higher than CVNA's -24.06% 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%
CVNA
- 1D
- -5.49%
- 1M
- -8.30%
- YTD
- -24.06%
- 6M
- -29.67%
- 1Y
- 0.49%
- 3Y*
- 138.89%
- 5Y*
- 3.14%
- 10Y*
- —
TSM vs. CVNA - 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% | 23.17% |
CVNA Carvana Co. | -24.06% | 107.52% | 284.13% | 1,016.88% | -97.96% | -3.24% | 160.23% | 181.41% | 71.08% | 41.63% |
Correlation
The correlation between TSM and CVNA is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2017 | 0.33 |
Fundamentals
TSM:
$2.20T
CVNA:
$9.49B
TSM:
NT$373.98
CVNA:
$8.69
TSM:
35.89
CVNA:
7.37
TSM:
1.03
CVNA:
0.03
TSM:
16.87
CVNA:
0.47
TSM:
11.82
CVNA:
2.55
TSM:
NT$4.13T
CVNA:
$22.52B
TSM:
NT$2.55T
CVNA:
$4.50B
TSM:
NT$3.14T
CVNA:
-$116.00M
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Return for Risk
TSM vs. CVNA — Risk / Return Rank
TSM
CVNA
TSM vs. CVNA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Carvana Co. (CVNA). 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 | CVNA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.87 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.05 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 0.01 | +5.47 |
| Martin ratioReturn relative to average drawdown | 19.42 | 0.03 | +19.40 |
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Drawdowns
TSM vs. CVNA - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, smaller than the maximum CVNA drawdown of -98.99%. Use the drawdown chart below to compare losses from any high point for TSM and CVNA.
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Drawdown Indicators
| TSM | CVNA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -98.99% | +9.91% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -41.21% | +23.07% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -53.47% | +16.65% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -98.99% | +42.52% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -33.01% | +28.14% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -38.24% | -4.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 18.79% | -13.68% |
Volatility
TSM vs. CVNA - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while Carvana Co. (CVNA) has a volatility of 16.26%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than CVNA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | CVNA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 16.26% | -2.84% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 42.02% | -13.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 60.04% | -23.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 111.17% | -73.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 99.32% | -65.09% |
Dividends
TSM vs. CVNA - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while CVNA has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVNA Carvana Co. | 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 | 0.83% | 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. CVNA - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Carvana Co.. 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. CVNA - 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%.
CVNA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a gross profit of 1.27B and revenue of 6.43B. Therefore, the gross margin over that period was 19.8%.
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%.
CVNA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported an operating income of 581.00M and revenue of 6.43B, resulting in an operating margin of 9.0%.
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%.
CVNA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Carvana Co. reported a net income of 250.00M and revenue of 6.43B, resulting in a net margin of 3.9%.
Frequently Asked Questions
TSM and CVNA have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CVNA has higher volatility (16.26%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs CVNA's -98.99%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.01), 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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