TSM vs. SNDK
TSM (Taiwan Semiconductor Manufacturing Company Limited) and SNDK (Sandisk Corporation) are both stocks. Both are in the Technology sector — TSM in Semiconductors, SNDK in Computer Hardware. Over the past year, TSM returned 98.93% vs 4694.43% for SNDK. At a 0.38 correlation, their price movements are largely independent.
Performance
TSM vs. SNDK - 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 SNDK's 734.15% 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%
SNDK
- 1D
- 5.24%
- 1M
- 36.82%
- YTD
- 734.15%
- 6M
- 860.37%
- 1Y
- 4,694.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSM vs. SNDK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.32% |
SNDK Sandisk Corporation | 734.15% | 356.50% |
Correlation
The correlation between TSM and SNDK is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2025 | 0.38 |
Fundamentals
TSM:
$2.20T
SNDK:
$310.88B
TSM:
NT$373.98
SNDK:
$29.70
TSM:
35.89
SNDK:
66.67
TSM:
16.87
SNDK:
22.79
TSM:
11.82
SNDK:
22.56
TSM:
NT$4.13T
SNDK:
$13.18B
TSM:
NT$2.55T
SNDK:
$7.39B
TSM:
NT$3.14T
SNDK:
$5.37B
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Return for Risk
TSM vs. SNDK — Risk / Return Rank
TSM
SNDK
TSM vs. SNDK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Sandisk Corporation (SNDK). 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 | SNDK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -45.23 | ||
| Sortino ratioReturn per unit of downside risk | -5.05 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 2.16 | -0.76 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 152.17 | -146.69 |
| Martin ratioReturn relative to average drawdown | 19.42 | 461.00 | -441.57 |
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Drawdowns
TSM vs. SNDK - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than SNDK's maximum drawdown of -47.50%. Use the drawdown chart below to compare losses from any high point for TSM and SNDK.
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Drawdown Indicators
| TSM | SNDK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -47.50% | -41.58% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -31.34% | +13.20% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | 0.00% | -4.87% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -13.74% | -29.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 10.32% | -5.21% |
Volatility
TSM vs. SNDK - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while Sandisk Corporation (SNDK) has a volatility of 26.68%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than SNDK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | SNDK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 26.68% | -13.26% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 71.96% | -43.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 99.48% | -62.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 97.64% | -60.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 97.64% | -63.41% |
Dividends
TSM vs. SNDK - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while SNDK has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SNDK Sandisk Corporation | 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% |
Financials
TSM vs. SNDK - Financials Comparison
This section allows you to compare key financial metrics between Taiwan Semiconductor Manufacturing Company Limited and Sandisk 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. SNDK - 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%.
SNDK - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a gross profit of 4.66B and revenue of 5.95B. Therefore, the gross margin over that period was 78.4%.
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%.
SNDK - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported an operating income of 4.11B and revenue of 5.95B, resulting in an operating margin of 69.1%.
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%.
SNDK - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Sandisk Corporation reported a net income of 3.62B and revenue of 5.95B, resulting in a net margin of 60.8%.
Frequently Asked Questions
TSM and SNDK have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNDK has higher volatility (26.68%) compared to TSM (13.42%). In terms of maximum drawdown, TSM dropped -89.08% vs SNDK's -47.50%.
SNDK currently has the higher Sharpe Ratio (47.94 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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