TSM vs. IGLN.L
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while IGLN.L (iShares Physical Gold ETC) is Gold fund tracking the LBMA Gold Price. Over the past 10 years, TSM returned 35.80%/yr vs 12.45%/yr for IGLN.L. At a 0.03 correlation, their price movements are largely independent.
Performance
TSM vs. IGLN.L - 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 IGLN.L's -2.16% return. Over the past 10 years, TSM has outperformed IGLN.L with an annualized return of 35.80%, while IGLN.L has yielded a comparatively lower 12.45% 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%
IGLN.L
- 1D
- 3.37%
- 1M
- -10.03%
- YTD
- -2.16%
- 6M
- -1.54%
- 1Y
- 23.07%
- 3Y*
- 29.33%
- 5Y*
- 17.43%
- 10Y*
- 12.45%
TSM vs. IGLN.L - 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% |
IGLN.L iShares Physical Gold ETC | -2.16% | 64.93% | 26.14% | 13.44% | -0.09% | -4.03% | 24.16% | 18.30% | -1.33% | 11.69% |
Correlation
The correlation between TSM and IGLN.L is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.03 |
The correlation between TSM and IGLN.L shifts across timeframes, from 0.03 (all time) to 0.14 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSM vs. IGLN.L — Risk / Return Rank
TSM
IGLN.L
TSM vs. IGLN.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and iShares Physical Gold ETC (IGLN.L). 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 | IGLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.76 | ||
| Sortino ratioReturn per unit of downside risk | +1.95 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 1.05 | +4.43 |
| Martin ratioReturn relative to average drawdown | 19.42 | 3.27 | +16.16 |
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Drawdowns
TSM vs. IGLN.L - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than IGLN.L's maximum drawdown of -45.25%. Use the drawdown chart below to compare losses from any high point for TSM and IGLN.L.
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Drawdown Indicators
| TSM | IGLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -45.25% | -43.83% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -23.02% | +4.88% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -23.02% | -13.80% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -23.02% | -33.45% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -23.02% | -33.45% |
Current DrawdownCurrent decline from peak | -4.87% | -20.43% | +15.56% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -19.72% | -23.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 7.41% | -2.30% |
Volatility
TSM vs. IGLN.L - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.42% compared to iShares Physical Gold ETC (IGLN.L) at 7.69%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than IGLN.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | IGLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 7.69% | +5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 22.45% | +6.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 25.45% | +11.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 17.55% | +19.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 15.63% | +18.60% |
Dividends
TSM vs. IGLN.L - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while IGLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IGLN.L iShares Physical Gold ETC | 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% |
Frequently Asked Questions
TSM and IGLN.L have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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