TSM vs. TSMY
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while TSMY (YieldMax TSM Option Income Strategy ETF) is Derivative Income fund actively managed by YieldMax. Over the past year, TSM returned 74.54% vs 60.96% for TSMY. Their 0.98 correlation means they have historically moved very closely together.
Performance
TSM vs. TSMY - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TSM achieves a 34.33% return, which is significantly higher than TSMY's 30.73% return.
TSM
- 1D
- 0.46%
- 1M
- -6.46%
- 6M
- 19.58%
- YTD
- 34.33%
- 1Y
- 74.54%
- 3Y*
- 63.93%
- 5Y*
- 29.97%
- 10Y*
- 33.23%
- ALL TIME*
- 16.21%
TSMY
- 1D
- 0.20%
- 1M
- -4.03%
- 6M
- 18.90%
- YTD
- 30.73%
- 1Y
- 60.96%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 42.39%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $6.08B | $6.17B | $6.08B | |
| $2.03M | $3.02M | $3.01M |
TSM vs. TSMY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 34.33% | 55.91% | 15.58% |
TSMY YieldMax TSM Option Income Strategy ETF | 30.73% | 41.00% | 8.05% |
Correlation
The correlation between TSM and TSMY is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024 | 0.98 |
The correlation between TSM and TSMY has been stable across timeframes, ranging from 0.98 to 0.98 - a consistent structural relationship.
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. TSMY — Risk / Return Rank
TSM
TSMY
TSM vs. TSMY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and YieldMax TSM Option Income Strategy ETF (TSMY). 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 | TSMY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.31 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.48 | 3.43 | +0.05 |
| Martin ratioReturn relative to average drawdown | 11.52 | 11.39 | +0.13 |
Loading charts...
Drawdowns
TSM vs. TSMY - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than TSMY's maximum drawdown of -31.15%. Use the drawdown chart below to compare losses from any high point for TSM and TSMY.
Loading charts...
Drawdown Indicators
| TSM | TSMY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -31.15% | -57.93% |
Max Drawdown (1Y)Largest decline over 1 year | -21.55% | -17.86% | -3.69% |
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 | -14.96% | -11.49% | -3.47% |
Average DrawdownAverage peak-to-trough decline | -42.69% | -5.65% | -37.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.49% | 5.37% | +1.12% |
Volatility
TSM vs. TSMY - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.65% compared to YieldMax TSM Option Income Strategy ETF (TSMY) at 11.84%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than TSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TSM | TSMY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.65% | 11.84% | +1.81% |
Volatility (6M)Calculated over the trailing 6-month period | 32.94% | 27.82% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.72% | 33.74% | +6.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.36% | 34.61% | +3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.76% | 34.61% | +0.15% |
Dividends
TSM vs. TSMY - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.87%, less than TSMY's 58.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.87% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
TSMY YieldMax TSM Option Income Strategy ETF | 58.19% | 56.76% | 13.71% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, TSM and TSMY move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TSM has higher volatility (13.65%) compared to TSMY (11.84%). In terms of maximum drawdown, TSM dropped -89.08% vs TSMY's -31.15%.
TSM currently has the higher Sharpe Ratio (1.84 vs 1.82), 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 TSMY
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