TSM vs. DRX.TO
TSM (Taiwan Semiconductor Manufacturing Company Limited) and DRX.TO (ADF Group Inc.) are both stocks. TSM operates in Semiconductors (Technology), while DRX.TO operates in Metal Fabrication (Industrials). Over the past 10 years, TSM returned 35.71%/yr vs 12.50%/yr for DRX.TO. At a 0.14 correlation, their price movements are largely independent.
Performance
TSM vs. DRX.TO - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while DRX.TO is traded in CAD. To make them comparable, the DRX.TO 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 DRX.TO's 9.95% return. Over the past 10 years, TSM has outperformed DRX.TO with an annualized return of 35.71%, while DRX.TO has yielded a comparatively lower 12.50% annualized 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%
DRX.TO
- 1D
- -3.74%
- 1M
- -4.09%
- YTD
- 9.95%
- 6M
- 34.43%
- 1Y
- 51.22%
- 3Y*
- 41.16%
- 5Y*
- 40.17%
- 10Y*
- 12.50%
TSM vs. DRX.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.84% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
DRX.TO ADF Group Inc. | 9.95% | -0.33% | 30.09% | 239.85% | 24.09% | 9.48% | 19.76% | 33.93% | -55.29% | -19.89% |
Correlation
The correlation between TSM and DRX.TO 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 | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2006 | 0.14 |
The correlation between TSM and DRX.TO shifts across timeframes, from 0.14 (10 years) to 0.28 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TSM:
$2.21T
DRX.TO:
CA$169.54M
TSM:
$373.98
DRX.TO:
CA$1.07
TSM:
1.14
DRX.TO:
9.59
TSM:
0.03
DRX.TO:
0.18
TSM:
0.54
DRX.TO:
0.98
TSM:
0.38
DRX.TO:
0.92
TSM:
$4.13T
DRX.TO:
CA$258.74M
TSM:
$2.55T
DRX.TO:
CA$59.38M
TSM:
$3.14T
DRX.TO:
CA$43.53M
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Return for Risk
TSM vs. DRX.TO — Risk / Return Rank
TSM
DRX.TO
TSM vs. DRX.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and ADF Group Inc. (DRX.TO). 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 | DRX.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.71 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 6.13 | 1.50 | +4.63 |
| Martin ratioReturn relative to average drawdown | 21.94 | 2.89 | +19.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TSM | DRX.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.06 | 0.77 | +2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.69 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.05 | 0.22 | +0.83 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.17 | +0.19 |
Drawdowns
TSM vs. DRX.TO - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, smaller than the maximum DRX.TO drawdown of -94.08%. Use the drawdown chart below to compare losses from any high point for TSM and DRX.TO.
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Drawdown Indicators
| TSM | DRX.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -94.08% | +5.00% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -34.27% | +16.13% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -75.11% | +38.29% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -75.11% | +18.64% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -84.01% | +27.54% |
Current DrawdownCurrent decline from peak | -4.45% | -49.98% | +45.53% |
Average DrawdownAverage peak-to-trough decline | -42.87% | -65.62% | +22.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.06% | 17.75% | -12.69% |
Volatility
TSM vs. DRX.TO - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 12.47%, while ADF Group Inc. (DRX.TO) has a volatility of 13.38%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than DRX.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | DRX.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.47% | 13.38% | -0.91% |
Volatility (6M)Calculated over the trailing 6-month period | 28.23% | 40.86% | -12.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.40% | 66.56% | -30.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.40% | 58.98% | -21.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.20% | 57.25% | -23.05% |
Dividends
TSM vs. DRX.TO - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.78%, more than DRX.TO's 0.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRX.TO ADF Group Inc. | 0.39% | 0.43% | 0.31% | 0.29% | 0.95% | 1.24% | 1.34% | 1.54% | 1.94% | 0.93% | 0.69% | 0.68% |
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
TSM vs. DRX.TO - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and ADF Group 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. DRX.TO - 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%.
DRX.TO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ADF Group Inc. reported a gross profit of 16.93M and revenue of 78.79M. Therefore, the gross margin over that period was 21.5%.
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%.
DRX.TO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ADF Group Inc. reported an operating income of 9.02M and revenue of 78.79M, resulting in an operating margin of 11.5%.
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%.
DRX.TO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ADF Group Inc. reported a net income of 6.36M and revenue of 78.79M, resulting in a net margin of 8.1%.
Frequently Asked Questions
TSM and DRX.TO 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.
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