TSM vs. WOLF

Last updated Jul 21, 2026

TSM (Taiwan Semiconductor Manufacturing Company Limited) and WOLF (Wolfspeed, Inc.) are both stocks. Both operate in the Semiconductors industry within the Technology sector. At a 0.40 correlation, their price movements are largely independent.

Performance

TSM vs. WOLF - Performance Comparison

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

Returns By Period

In the year-to-date period, TSM achieves a 33.07% return, which is significantly lower than WOLF's 68.75% return.

TSM

• 1D: 0.99%
• 1M: -12.94%
• 6M: 18.10%
• YTD: 33.07%
• 1Y: 69.17%
• 3Y*: 62.80%
• 5Y*: 29.92%
• 10Y*: 33.60%
• ALL TIME*: 16.19%

WOLF

• 1D: -1.71%
• 1M: -48.82%
• 6M: 44.37%
• YTD: 68.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

TSM vs. WOLF - Yearly Performance Comparison

	2026 (YTD)	2025
TSM Taiwan Semiconductor Manufacturing Company Limited	33.07%	11.45%
WOLF Wolfspeed, Inc.	68.75%	-3.28%

Correlation

The correlation between TSM and WOLF is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025	0.40

Fundamentals

Market Cap TSM : $2.09T WOLF : $1.53B
EPS TSM : NT$432.27 WOLF : -$9.55
PS Ratio TSM : 15.18 WOLF : 6.83
PB Ratio TSM : 10.50 WOLF : 11.30
Total Revenue (TTM) TSM : NT$4.45T WOLF : $712.50M
Gross Profit (TTM) TSM : NT$2.86T WOLF : -$208.10M
EBITDA (TTM) TSM : NT$3.20T WOLF : -$1.26B

Return for Risk

TSM vs. WOLF — Risk / Return Rank

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

TSM

TSM Risk / Return Rank: 88
TSM Sharpe Ratio Rank: 89
TSM Sortino Ratio Rank: 85
TSM Omega Ratio Rank: 83
TSM Calmar Ratio Rank: 91
TSM Martin Ratio Rank: 93

WOLF

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. WOLF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and Wolfspeed, Inc. (WOLF). 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	WOLF	Difference
Sharpe ratio: Return per unit of total volatility	1.77	—	—
Sortino ratio: Return per unit of downside risk	2.36	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	3.83	—	—
Martin ratio: Return relative to average drawdown	12.06	—	—

Drawdowns

TSM vs. WOLF - Drawdown Comparison

The maximum TSM drawdown since its inception was -89.08%, which is greater than WOLF's maximum drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for TSM and WOLF.

Drawdown Indicators

	TSM	WOLF	Difference
Max Drawdown Largest peak-to-trough decline	-89.08%	-60.03%	-29.05%
Max Drawdown (1Y) Largest decline over 1 year	-18.14%	—	—
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 Drawdown Current decline from peak	-15.76%	-60.03%	+44.27%
Average Drawdown Average peak-to-trough decline	-42.73%	-35.80%	-6.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.76%	—	—

Volatility

Volatility by Period

	TSM	WOLF	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.57%	—	—
Volatility (6M) Calculated over the trailing 6-month period	31.69%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	39.45%	123.81%	-84.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.06%	123.81%	-85.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.60%	123.81%	-89.21%

Dividends

TSM vs. WOLF - Dividend Comparison

TSM's dividend yield for the trailing twelve months is around 0.88%, while WOLF has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TSM Taiwan Semiconductor Manufacturing Company Limited	0.88%	1.00%	1.18%	1.78%	2.49%	1.57%	1.56%	3.46%	3.64%	2.32%	2.61%	2.54%
WOLF Wolfspeed, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TSM vs. WOLF - Profitability Comparison

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

Portfolio components

TSM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 860.31B and revenue of 1.27T. Therefore, the gross margin over that period was 67.7%.

WOLF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Wolfspeed, Inc. reported a gross profit of -27.00M and revenue of 150.20M. Therefore, the gross margin over that period was -18.0%.

TSM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 766.60B and revenue of 1.27T, resulting in an operating margin of 60.3%.

WOLF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Wolfspeed, Inc. reported an operating income of -101.30M and revenue of 150.20M, resulting in an operating margin of -67.4%.

TSM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 706.56B and revenue of 1.27T, resulting in a net margin of 55.6%.

WOLF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Wolfspeed, Inc. reported a net income of -119.90M and revenue of 150.20M, resulting in a net margin of -79.8%.

Frequently Asked Questions

Can I hold both TSM and WOLF in my portfolio?

TSM and WOLF have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.