TSM vs. SSLN.L
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while SSLN.L (iShares Physical Silver ETC) is Silver fund tracking the LBMA Silver Price. Over the past 10 years, TSM returned 35.80%/yr vs 14.24%/yr for SSLN.L. At a 0.12 correlation, their price movements are largely independent.
Performance
TSM vs. SSLN.L - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while SSLN.L is traded in GBp. To make them comparable, the SSLN.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly higher than SSLN.L's -5.64% return. Over the past 10 years, TSM has outperformed SSLN.L with an annualized return of 35.80%, while SSLN.L has yielded a comparatively lower 14.24% annualized 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%
SSLN.L
- 1D
- 5.12%
- 1M
- -23.67%
- YTD
- -5.64%
- 6M
- 9.43%
- 1Y
- 85.51%
- 3Y*
- 41.29%
- 5Y*
- 19.02%
- 10Y*
- 14.24%
TSM vs. SSLN.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% |
SSLN.L iShares Physical Silver ETC | -5.64% | 147.64% | 21.15% | -1.25% | 3.38% | -12.63% | 45.36% | 17.20% | -8.94% | 3.39% |
Correlation
The correlation between TSM and SSLN.L is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 8, 2011 | 0.12 |
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Return for Risk
TSM vs. SSLN.L — Risk / Return Rank
TSM
SSLN.L
TSM vs. SSLN.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 Silver ETC (SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.29 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 1.95 | +3.54 |
| Martin ratioReturn relative to average drawdown | 19.42 | 4.30 | +15.13 |
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Drawdowns
TSM vs. SSLN.L - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than SSLN.L's maximum drawdown of -83.11%. Use the drawdown chart below to compare losses from any high point for TSM and SSLN.L.
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Drawdown Indicators
| TSM | SSLN.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -83.11% | -5.97% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -43.71% | +25.57% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -43.71% | +6.89% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -43.71% | -12.76% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -43.71% | -12.76% |
Current DrawdownCurrent decline from peak | -4.87% | -40.83% | +35.96% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -65.48% | +22.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 19.83% | -14.72% |
Volatility
TSM vs. SSLN.L - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while iShares Physical Silver ETC (SSLN.L) has a volatility of 15.39%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than SSLN.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 | SSLN.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 15.39% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 53.94% | -25.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 56.70% | -20.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 38.19% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 32.34% | +1.89% |
Dividends
TSM vs. SSLN.L - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while SSLN.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSLN.L iShares Physical Silver 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 SSLN.L have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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