TSM vs. QFIN
TSM (Taiwan Semiconductor Manufacturing Company Limited) and QFIN (360 DigiTech, Inc.) are both stocks. TSM operates in Semiconductors (Technology), while QFIN operates in Credit Services (Financial Services). Over the past 5 years, TSM returned 31.30%/yr vs -12.03%/yr for QFIN. At a 0.29 correlation, their price movements are largely independent.
Performance
TSM vs. QFIN - 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 QFIN's -15.31% 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%
QFIN
- 1D
- 2.67%
- 1M
- 17.56%
- YTD
- -15.31%
- 6M
- -17.62%
- 1Y
- -59.79%
- 3Y*
- 7.60%
- 5Y*
- -12.03%
- 10Y*
- —
TSM vs. QFIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -1.13% |
QFIN 360 DigiTech, Inc. | -15.31% | -47.46% | 162.76% | -16.28% | -6.54% | 97.15% | 20.68% | -36.99% | -7.75% |
Correlation
The correlation between TSM and QFIN 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 | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2018 | 0.29 |
Fundamentals
TSM:
$2.20T
QFIN:
$948.90M
TSM:
NT$373.98
QFIN:
CN¥51.00
TSM:
35.89
QFIN:
2.05
TSM:
1.03
QFIN:
0.06
TSM:
16.87
QFIN:
0.59
TSM:
11.82
QFIN:
0.26
TSM:
NT$4.13T
QFIN:
CN¥17.46B
TSM:
NT$2.55T
QFIN:
CN¥12.90B
TSM:
NT$3.14T
QFIN:
CN¥6.93B
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Return for Risk
TSM vs. QFIN — Risk / Return Rank
TSM
QFIN
TSM vs. QFIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and 360 DigiTech, Inc. (QFIN). 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 | QFIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.80 | ||
| Sortino ratioReturn per unit of downside risk | +5.31 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.76 | +0.64 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | -0.83 | +6.32 |
| Martin ratioReturn relative to average drawdown | 19.42 | -1.13 | +20.56 |
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Drawdowns
TSM vs. QFIN - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than QFIN's maximum drawdown of -76.74%. Use the drawdown chart below to compare losses from any high point for TSM and QFIN.
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Drawdown Indicators
| TSM | QFIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -76.74% | -12.34% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -72.31% | +54.17% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -73.15% | +36.33% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -76.74% | +20.27% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -64.51% | +59.64% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -45.54% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 53.01% | -47.90% |
Volatility
TSM vs. QFIN - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while 360 DigiTech, Inc. (QFIN) has a volatility of 29.45%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than QFIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | QFIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 29.45% | -16.03% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 38.71% | -10.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 55.12% | -18.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 66.39% | -28.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 72.04% | -37.81% |
Dividends
TSM vs. QFIN - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, less than QFIN's 10.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QFIN 360 DigiTech, Inc. | 10.00% | 7.58% | 4.56% | 7.27% | 4.03% | 1.22% | 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% |
Financials
TSM vs. QFIN - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and 360 DigiTech, Inc.. 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. QFIN - 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%.
QFIN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported a gross profit of 2.95B and revenue of 3.89B. Therefore, the gross margin over that period was 75.8%.
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%.
QFIN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported an operating income of 928.25M and revenue of 3.89B, resulting in an operating margin of 23.9%.
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%.
QFIN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, 360 DigiTech, Inc. reported a net income of 877.98M and revenue of 3.89B, resulting in a net margin of 22.6%.
Frequently Asked Questions
TSM and QFIN 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.
QFIN has higher volatility (29.45%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs QFIN's -76.74%.
TSM currently has the higher Sharpe Ratio (2.71 vs -1.09), 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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