TSM vs. V

Last updated Apr 1, 2026

Compare and contrast key facts about Taiwan Semiconductor Manufacturing Company Limited (TSM) and Visa Inc. (V).

Performance

TSM vs. V - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Taiwan Semiconductor Manufacturing Company Limited (TSM) and Visa Inc. (V). The values are adjusted to include any dividend payments, if applicable.

TSM vs. V - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TSM Taiwan Semiconductor Manufacturing Company Limited	11.52%	55.91%	92.58%	42.33%	-36.75%	12.09%	92.67%	64.85%	-3.50%	41.46%
V Visa Inc.	-13.64%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%

Fundamentals

EPS TSM : $332.18 V : $15.10
PE Ratio TSM : 1.02 V : 20.02
PEG Ratio TSM : 0.03 V : 1.23
PS Ratio TSM : 0.46 V : 10.06
Total Revenue (TTM) TSM : $3.82T V : $41.39B
Gross Profit (TTM) TSM : $2.29T V : $24.66B
EBITDA (TTM) TSM : $2.90T V : $26.20B

Returns By Period

In the year-to-date period, TSM achieves a 11.52% return, which is significantly higher than V's -13.64% return. Over the past 10 years, TSM has outperformed V with an annualized return of 32.45%, while V has yielded a comparatively lower 15.37% annualized return.

TSM

• 1D: 6.78%
• 1M: -9.52%
• YTD: 11.52%
• 6M: 21.66%
• 1Y: 106.05%
• 3Y*: 56.00%
• 5Y*: 24.08%
• 10Y*: 32.45%

V

• 1D: 0.90%
• 1M: -5.59%
• YTD: -13.64%
• 6M: -11.11%
• 1Y: -13.11%
• 3Y*: 11.10%
• 5Y*: 7.65%
• 10Y*: 15.37%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

TSM vs. V — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TSM

TSM Risk / Return Rank: 95
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 94
TSM Omega Ratio Rank: 92
TSM Calmar Ratio Rank: 96
TSM Martin Ratio Rank: 97

V

V Risk / Return Rank: 19
V Sharpe Ratio Rank: 18
V Sortino Ratio Rank: 17
V Omega Ratio Rank: 17
V Calmar Ratio Rank: 24
V Martin Ratio Rank: 19

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TSM vs. V - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Visa Inc. (V). 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.

	TSM	V	Difference
Sharpe ratio Return per unit of total volatility	2.76	-0.56	+3.32
Sortino ratio Return per unit of downside risk	3.33	-0.63	+3.96
Omega ratio Gain probability vs. loss probability	1.42	0.91	+0.51
Calmar ratio Return relative to maximum drawdown	5.90	-0.55	+6.45
Martin ratio Return relative to average drawdown	20.02	-1.20	+21.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TSM vs. V - Sharpe Ratio Comparison

The current TSM Sharpe Ratio is 2.76, which is higher than the V Sharpe Ratio of -0.56. The chart below compares the historical Sharpe Ratios of TSM and V, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	TSM	V	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.76	-0.56	+3.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.34	+0.31
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.96	0.63	+0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.68	-0.33

Correlation

The correlation between TSM and V is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

TSM vs. V - Dividend Comparison

TSM's dividend yield for the trailing twelve months is around 0.98%, more than V's 0.83% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSM Taiwan Semiconductor Manufacturing Company Limited	0.98%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
V Visa Inc.	0.83%	0.70%	0.68%	0.72%	0.76%	0.62%	0.56%	0.56%	0.67%	0.61%	0.75%	0.64%

Drawdowns

TSM vs. V - Drawdown Comparison

The maximum TSM drawdown since its inception was -89.08%, which is greater than V's maximum drawdown of -51.90%. Use the drawdown chart below to compare losses from any high point for TSM and V.

Drawdown Indicators

	TSM	V	Difference
Max Drawdown Largest peak-to-trough decline	-89.08%	-51.90%	-37.18%
Max Drawdown (1Y) Largest decline over 1 year	-18.14%	-20.38%	+2.24%
Max Drawdown (5Y) Largest decline over 5 years	-56.47%	-28.60%	-27.87%
Max Drawdown (10Y) Largest decline over 10 years	-56.47%	-36.36%	-20.11%
Current Drawdown Current decline from peak	-12.59%	-18.57%	+5.98%
Average Drawdown Average peak-to-trough decline	-43.13%	-8.20%	-34.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.34%	9.29%	-3.95%

Volatility

TSM vs. V - Volatility Comparison

Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 14.44% compared to Visa Inc. (V) at 5.55%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than V based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TSM	V	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.44%	5.55%	+8.89%
Volatility (6M) Calculated over the trailing 6-month period	27.19%	15.39%	+11.80%
Volatility (1Y) Calculated over the trailing 1-year period	38.60%	23.81%	+14.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.99%	22.47%	+14.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	33.85%	24.32%	+9.53%

Financials

TSM vs. V - Profitability Comparison

The chart below illustrates the profitability comparison between Taiwan Semiconductor Manufacturing Company Limited and Visa Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 658.15B and revenue of 1.06T. Therefore, the gross margin over that period was 62.3%.

V - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Visa Inc. reported a gross profit of 0.00 and revenue of 10.90B. Therefore, the gross margin over that period was 0.0%.

TSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 569.13B and revenue of 1.06T, resulting in an operating margin of 53.9%.

V - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Visa Inc. reported an operating income of 6.74B and revenue of 10.90B, resulting in an operating margin of 61.8%.

TSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 510.52B and revenue of 1.06T, resulting in a net margin of 48.4%.

V - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Visa Inc. reported a net income of 5.85B and revenue of 10.90B, resulting in a net margin of 53.7%.