TSM vs. NEM
TSM (Taiwan Semiconductor Manufacturing Company Limited) and NEM (Newmont Corporation) are both stocks. TSM operates in Semiconductors (Technology), while NEM operates in Gold (Basic Materials). Over the past 10 years, TSM returned 35.83%/yr vs 12.70%/yr for NEM. At a 0.11 correlation, their price movements are largely independent.
Performance
TSM vs. NEM - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 43.01% return, which is significantly higher than NEM's -3.31% return. Over the past 10 years, TSM has outperformed NEM with an annualized return of 35.83%, while NEM has yielded a comparatively lower 12.70% annualized return.
TSM
- 1D
- -0.61%
- 1M
- 3.56%
- YTD
- 43.01%
- 6M
- 43.50%
- 1Y
- 91.22%
- 3Y*
- 64.09%
- 5Y*
- 32.11%
- 10Y*
- 35.83%
NEM
- 1D
- 0.82%
- 1M
- -12.46%
- YTD
- -3.31%
- 6M
- -8.73%
- 1Y
- 71.16%
- 3Y*
- 34.23%
- 5Y*
- 12.14%
- 10Y*
- 12.70%
TSM vs. NEM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 43.01% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
NEM Newmont Corporation | -3.31% | 172.82% | -7.83% | -8.76% | -20.77% | 7.40% | 40.28% | 30.52% | -6.15% | 10.91% |
Correlation
The correlation between TSM and NEM is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.14 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.11 |
The correlation between TSM and NEM shifts across timeframes, from 0.11 (all time) to 0.26 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
TSM:
NT$373.98
NEM:
$6.34
TSM:
36.83
NEM:
15.17
TSM:
1.06
NEM:
0.39
TSM:
17.31
NEM:
4.63
TSM:
NT$4.13T
NEM:
$17.23B
TSM:
NT$2.55T
NEM:
$8.97B
TSM:
NT$3.14T
NEM:
$13.78B
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Return for Risk
TSM vs. NEM — Risk / Return Rank
TSM
NEM
TSM vs. NEM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Newmont Corporation (NEM). 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 | NEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.17 | ||
| Sortino ratioReturn per unit of downside risk | +1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 2.19 | +3.08 |
| Martin ratioReturn relative to average drawdown | 18.40 | 5.54 | +12.86 |
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Drawdowns
TSM vs. NEM - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than NEM's maximum drawdown of -81.30%. Use the drawdown chart below to compare losses from any high point for TSM and NEM.
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Drawdown Indicators
| TSM | NEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -81.30% | -7.78% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -29.39% | +11.25% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -36.57% | -0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -62.40% | +5.93% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -62.40% | +5.93% |
Current DrawdownCurrent decline from peak | -7.55% | -26.83% | +19.28% |
Average DrawdownAverage peak-to-trough decline | -42.80% | -41.36% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.19% | 11.61% | -6.42% |
Volatility
TSM vs. NEM - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) and Newmont Corporation (NEM) have volatilities of 16.19% and 15.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | NEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.19% | 15.43% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 29.97% | 37.85% | -7.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.94% | 47.90% | -9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.76% | 38.07% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.38% | 35.72% | -1.34% |
Dividends
TSM vs. NEM - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.81%, less than NEM's 1.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NEM Newmont Corporation | 1.06% | 1.00% | 2.69% | 3.87% | 4.66% | 3.55% | 1.74% | 3.31% | 1.62% | 0.67% | 0.37% | 0.56% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.81% | 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. NEM - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Newmont Corporation. 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
Frequently Asked Questions
TSM and NEM have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (16.19%) compared to NEM (15.43%). In terms of maximum drawdown, TSM dropped -89.08% vs NEM's -81.30%.
TSM currently has the higher Sharpe Ratio (2.52 vs 1.35), 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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