TSM vs. HBAR-USD
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while HBAR-USD (HederaHashgraph) is a cryptocurrency. Over the past 5 years, TSM returned 31.30%/yr vs -16.92%/yr for HBAR-USD. At a 0.19 correlation, their price movements are largely independent.
Performance
TSM vs. HBAR-USD - 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 HBAR-USD's -26.14% 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%
HBAR-USD
- 1D
- 0.30%
- 1M
- -17.44%
- YTD
- -26.14%
- 6M
- -36.26%
- 1Y
- -50.71%
- 3Y*
- 20.01%
- 5Y*
- -16.92%
- 10Y*
- —
TSM vs. HBAR-USD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 32.13% |
HBAR-USD HederaHashgraph | -26.14% | -60.44% | 212.23% | 135.51% | -87.44% | 812.76% | 211.49% | -97.54% |
Correlation
The correlation between TSM and HBAR-USD is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Sep 17, 2019 | 0.19 |
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Return for Risk
TSM vs. HBAR-USD — Risk / Return Rank
TSM
HBAR-USD
TSM vs. HBAR-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and HederaHashgraph (HBAR-USD). 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 | HBAR-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.36 | ||
| Sortino ratioReturn per unit of downside risk | +4.11 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.93 | +0.47 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | -0.69 | +6.17 |
| Martin ratioReturn relative to average drawdown | 19.42 | -0.98 | +20.40 |
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Drawdowns
TSM vs. HBAR-USD - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, smaller than the maximum HBAR-USD drawdown of -97.58%. Use the drawdown chart below to compare losses from any high point for TSM and HBAR-USD.
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Drawdown Indicators
| TSM | HBAR-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -97.58% | +8.50% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -73.39% | +55.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -79.29% | +42.47% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -92.79% | +36.32% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -84.50% | +79.63% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -74.51% | +31.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 51.80% | -46.69% |
Volatility
TSM vs. HBAR-USD - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while HederaHashgraph (HBAR-USD) has a volatility of 16.33%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than HBAR-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | HBAR-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 16.33% | -2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 43.30% | -14.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 65.06% | -28.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 85.17% | -47.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 108.57% | -74.34% |
Frequently Asked Questions
TSM and HBAR-USD have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HBAR-USD has higher volatility (16.33%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs HBAR-USD's -97.58%.
TSM currently has the higher Sharpe Ratio (2.71 vs -0.65), 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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