TSM vs. NVDA
TSM (Taiwan Semiconductor Manufacturing Company Limited) and NVDA (NVIDIA Corporation) are both stocks. Both operate in the Semiconductors industry within the Technology sector. Over the past 10 years, TSM returned 32.63%/yr vs 63.41%/yr for NVDA. Their 0.52 correlation means they have sometimes moved together and sometimes differently.
Performance
TSM vs. NVDA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSM achieves a 23.93% return, which is significantly higher than NVDA's 2.01% return. Over the past 10 years, TSM has underperformed NVDA with an annualized return of 32.63%, while NVDA has yielded a comparatively higher 63.41% annualized return.
TSM
- 1D
- -4.50%
- 1M
- -17.67%
- 6M
- 10.02%
- YTD
- 23.93%
- 1Y
- 56.95%
- 3Y*
- 57.07%
- 5Y*
- 28.35%
- 10Y*
- 32.63%
- ALL TIME*
- 15.89%
NVDA
- 1D
- -3.55%
- 1M
- -2.54%
- 6M
- -0.67%
- YTD
- 2.01%
- 1Y
- 8.41%
- 3Y*
- 59.69%
- 5Y*
- 57.78%
- 10Y*
- 63.41%
- ALL TIME*
- 36.02%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $25.62B | $26.55B | $31.92B | |
| $6.68B | $6.47B | $6.02B |
TSM vs. NVDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 23.93% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
NVDA NVIDIA Corporation | 2.01% | 38.92% | 171.25% | 239.02% | -50.26% | 125.48% | 122.30% | 76.94% | -30.82% | 81.99% |
Correlation
The correlation between TSM and NVDA is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jan 22, 1999 | 0.52 |
The correlation between TSM and NVDA shifts across timeframes, from 0.52 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TSM:
$1.94T
NVDA:
$4.60T
TSM:
NT$432.27
NVDA:
$6.53
TSM:
28.15
NVDA:
29.09
TSM:
0.78
NVDA:
0.16
TSM:
14.18
NVDA:
18.32
TSM:
9.81
NVDA:
23.71
TSM:
NT$4.45T
NVDA:
$253.49B
TSM:
NT$2.86T
NVDA:
$187.95B
TSM:
NT$3.20T
NVDA:
$192.76B
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TSM vs. NVDA — Risk / Return Rank
TSM
NVDA
TSM vs. NVDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and NVIDIA Corporation (NVDA). 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 | NVDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.20 | ||
| Sortino ratioReturn per unit of downside risk | +1.44 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.07 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.66 | 0.42 | +2.24 |
| Martin ratioReturn relative to average drawdown | 9.09 | 0.86 | +8.23 |
Loading charts...
Drawdowns
TSM vs. NVDA - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, roughly equal to the maximum NVDA drawdown of -89.72%. Use the drawdown chart below to compare losses from any high point for TSM and NVDA.
Loading charts...
Drawdown Indicators
| TSM | NVDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -89.72% | +0.64% |
Max Drawdown (1Y)Largest decline over 1 year | -21.55% | -20.21% | -1.34% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -36.88% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -66.34% | +9.87% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -66.34% | +9.87% |
Current DrawdownCurrent decline from peak | -21.55% | -19.30% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -42.70% | -36.08% | -6.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.29% | 9.80% | -3.51% |
Volatility
TSM vs. NVDA - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 14.04% compared to NVIDIA Corporation (NVDA) at 11.73%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSM | NVDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.04% | 11.73% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 32.28% | 28.08% | +4.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.08% | 36.27% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.22% | 51.87% | -13.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.69% | 49.95% | -15.26% |
Dividends
TSM vs. NVDA - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.94%, more than NVDA's 0.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVDA NVIDIA Corporation | 0.15% | 0.02% | 0.03% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.94% | 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. NVDA - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and NVIDIA 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
TSM vs. NVDA - Profitability Comparison
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 860.31B and revenue of 1.27T. Therefore, the gross margin over that period was 67.7%.
NVDA - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, NVIDIA Corporation reported a gross profit of 61.16B and revenue of 81.62B. Therefore, the gross margin over that period was 74.9%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 766.60B and revenue of 1.27T, resulting in an operating margin of 60.3%.
NVDA - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, NVIDIA Corporation reported an operating income of 53.54B and revenue of 81.62B, resulting in an operating margin of 65.6%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 706.56B and revenue of 1.27T, resulting in a net margin of 55.6%.
NVDA - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, NVIDIA Corporation reported a net income of 58.32B and revenue of 81.62B, resulting in a net margin of 71.5%.
Frequently Asked Questions
TSM and NVDA have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (14.04%) compared to NVDA (11.73%). In terms of maximum drawdown, TSM dropped -89.08% vs NVDA's -89.72%.
TSM currently has the higher Sharpe Ratio (1.43 vs 0.23), 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.
Find the right allocation for TSM and NVDA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer