TSM vs. SXR8.DE
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while SXR8.DE (iShares Core S&P 500 UCITS ETF USD (Acc)) is S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, TSM returned 35.80%/yr vs 15.23%/yr for SXR8.DE. At a 0.40 correlation, their price movements are largely independent.
Performance
TSM vs. SXR8.DE - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while SXR8.DE is traded in EUR. To make them comparable, the SXR8.DE 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 SXR8.DE's 8.26% return. Over the past 10 years, TSM has outperformed SXR8.DE with an annualized return of 35.80%, while SXR8.DE has yielded a comparatively lower 15.23% 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%
SXR8.DE
- 1D
- 1.45%
- 1M
- 0.37%
- YTD
- 8.26%
- 6M
- 9.37%
- 1Y
- 24.39%
- 3Y*
- 20.71%
- 5Y*
- 13.20%
- 10Y*
- 15.23%
TSM vs. SXR8.DE - 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% |
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 8.26% | 18.24% | 24.75% | 26.34% | -19.03% | 29.64% | 17.24% | 31.65% | -5.70% | 21.76% |
Correlation
The correlation between TSM and SXR8.DE is 0.52, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.52 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since May 19, 2010 | 0.40 |
The correlation between TSM and SXR8.DE shifts across timeframes, from 0.40 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSM vs. SXR8.DE — Risk / Return Rank
TSM
SXR8.DE
TSM vs. SXR8.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE). 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 | SXR8.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.65 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.36 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 2.83 | +2.65 |
| Martin ratioReturn relative to average drawdown | 19.42 | 11.70 | +7.73 |
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Drawdowns
TSM vs. SXR8.DE - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than SXR8.DE's maximum drawdown of -34.26%. Use the drawdown chart below to compare losses from any high point for TSM and SXR8.DE.
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Drawdown Indicators
| TSM | SXR8.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -34.26% | -54.82% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -8.57% | -9.57% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -19.47% | -17.35% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -24.36% | -32.11% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | -34.26% | -22.21% |
Current DrawdownCurrent decline from peak | -4.87% | -2.26% | -2.61% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -5.49% | -37.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.08% | +3.03% |
Volatility
TSM vs. SXR8.DE - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.42% compared to iShares Core S&P 500 UCITS ETF USD (Acc) (SXR8.DE) at 3.34%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than SXR8.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | SXR8.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 3.34% | +10.08% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 8.46% | +20.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 11.81% | +24.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 15.91% | +21.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 16.34% | +17.89% |
Dividends
TSM vs. SXR8.DE - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while SXR8.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SXR8.DE iShares Core S&P 500 UCITS ETF USD (Acc) | 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 SXR8.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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