TSM vs. TRX-USD
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while TRX-USD (Tronix) is a cryptocurrency. Over the past 5 years, TSM returned 31.30%/yr vs 34.40%/yr for TRX-USD. At a 0.10 correlation, their price movements are largely independent.
Performance
TSM vs. TRX-USD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly higher than TRX-USD's 11.24% 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%
TRX-USD
- 1D
- 0.23%
- 1M
- -10.66%
- YTD
- 11.24%
- 6M
- 16.57%
- 1Y
- 17.12%
- 3Y*
- 64.55%
- 5Y*
- 34.40%
- 10Y*
- —
TSM vs. TRX-USD - 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% | 4.78% |
TRX-USD Tronix | 11.24% | 11.86% | 135.87% | 97.75% | -27.86% | 180.88% | 102.08% | -29.71% | -57.23% | 2,056.30% |
Correlation
The correlation between TSM and TRX-USD is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.11 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2017 | 0.10 |
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. TRX-USD — Risk / Return Rank
TSM
TRX-USD
TSM vs. TRX-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Tronix (TRX-USD). 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 | TRX-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.11 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.11 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 0.64 | +4.84 |
| Martin ratioReturn relative to average drawdown | 19.42 | 1.14 | +18.29 |
Loading charts...
Drawdowns
TSM vs. TRX-USD - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, smaller than the maximum TRX-USD drawdown of -95.89%. Use the drawdown chart below to compare losses from any high point for TSM and TRX-USD.
Loading charts...
Drawdown Indicators
| TSM | TRX-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -95.89% | +6.81% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -26.58% | +8.44% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -50.98% | +14.16% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | -59.60% | +3.13% |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -27.00% | +22.13% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -62.47% | +19.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 13.82% | -8.71% |
Volatility
TSM vs. TRX-USD - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.42% compared to Tronix (TRX-USD) at 8.57%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than TRX-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSM | TRX-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 8.57% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 17.91% | +10.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 23.82% | +12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 58.42% | -20.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 110.20% | -75.97% |
Frequently Asked Questions
TSM and TRX-USD have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (13.42%) compared to TRX-USD (8.57%). In terms of maximum drawdown, TSM dropped -89.08% vs TRX-USD's -95.89%.
TSM currently has the higher Sharpe Ratio (2.71 vs 0.60), 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 TRX-USD
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