TSM vs. HPE
TSM (Taiwan Semiconductor Manufacturing Company Limited) and HPE (Hewlett Packard Enterprise Company) are both stocks. Both are in the Technology sector — TSM in Semiconductors, HPE in Communication Equipment. Over the past 10 years, TSM returned 35.80%/yr vs 19.47%/yr for HPE. At a 0.43 correlation, their price movements are largely independent.
Performance
TSM vs. HPE - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly lower than HPE's 101.83% return. Over the past 10 years, TSM has outperformed HPE with an annualized return of 35.80%, while HPE has yielded a comparatively lower 19.47% annualized 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%
HPE
- 1D
- 2.93%
- 1M
- 50.20%
- YTD
- 101.83%
- 6M
- 104.32%
- 1Y
- 172.40%
- 3Y*
- 46.46%
- 5Y*
- 28.53%
- 10Y*
- 19.47%
TSM vs. HPE - 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% |
HPE Hewlett Packard Enterprise Company | 101.83% | 15.54% | 29.14% | 9.72% | 4.49% | 37.37% | -21.94% | 23.74% | -5.62% | 7.83% |
Correlation
The correlation between TSM and HPE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Oct 19, 2015 | 0.43 |
Fundamentals
TSM:
$2.20T
HPE:
$65.32B
TSM:
NT$373.98
HPE:
$1.10
TSM:
35.89
HPE:
43.87
TSM:
1.03
HPE:
0.55
TSM:
16.87
HPE:
1.69
TSM:
11.82
HPE:
2.58
TSM:
NT$4.13T
HPE:
$38.88B
TSM:
NT$2.55T
HPE:
$5.56B
TSM:
NT$3.14T
HPE:
$2.70B
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Return for Risk
TSM vs. HPE — Risk / Return Rank
TSM
HPE
TSM vs. HPE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Hewlett Packard Enterprise Company (HPE). 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 | HPE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.81 | ||
| Sortino ratioReturn per unit of downside risk | -0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.54 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 7.31 | -1.83 |
| Martin ratioReturn relative to average drawdown | 19.42 | 17.24 | +2.18 |
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Drawdowns
TSM vs. HPE - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than HPE's maximum drawdown of -56.88%. Use the drawdown chart below to compare losses from any high point for TSM and HPE.
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Drawdown Indicators
| TSM | HPE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -56.88% | -32.20% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -23.73% | +5.59% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -48.36% | +11.54% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -48.36% | -8.11% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -56.88% | +0.41% |
Current DrawdownCurrent decline from peak | -4.87% | -14.21% | +9.34% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -14.71% | -28.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 10.04% | -4.93% |
Volatility
TSM vs. HPE - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while Hewlett Packard Enterprise Company (HPE) has a volatility of 28.73%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than HPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | HPE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 28.73% | -15.31% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 40.38% | -11.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 49.22% | -12.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 39.16% | -1.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 37.18% | -2.95% |
Dividends
TSM vs. HPE - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, less than HPE's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HPE Hewlett Packard Enterprise Company | 1.13% | 2.22% | 2.44% | 2.89% | 3.01% | 3.04% | 4.05% | 2.88% | 3.12% | 70.62% | 0.99% | 0.36% |
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. HPE - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Hewlett Packard Enterprise Company. 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. HPE - 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%.
HPE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a gross profit of -3.34B and revenue of 10.68B. Therefore, the gross margin over that period was -31.3%.
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%.
HPE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported an operating income of 319.00M and revenue of 10.68B, resulting in an operating margin of 3.0%.
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%.
HPE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hewlett Packard Enterprise Company reported a net income of 604.00M and revenue of 10.68B, resulting in a net margin of 5.7%.
Frequently Asked Questions
TSM and HPE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HPE has higher volatility (28.73%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs HPE's -56.88%.
HPE currently has the higher Sharpe Ratio (3.53 vs 2.71), 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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