V vs. TSM

Last updated Apr 1, 2026

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

Performance

V vs. TSM - Performance Comparison

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

V vs. TSM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
V Visa Inc.	-13.64%	11.76%	22.32%	26.31%	-3.40%	-0.31%	17.12%	43.33%	16.49%	47.18%
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%

Fundamentals

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

Returns By Period

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

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%

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%

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

Return for Risk

V vs. TSM — Risk / Return Rank

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

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

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

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.

V vs. TSM - Risk-Adjusted Trends Comparison

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

	V	TSM	Difference
Sharpe ratio Return per unit of total volatility	-0.56	2.76	-3.32
Sortino ratio Return per unit of downside risk	-0.63	3.33	-3.96
Omega ratio Gain probability vs. loss probability	0.91	1.42	-0.51
Calmar ratio Return relative to maximum drawdown	-0.55	5.90	-6.45
Martin ratio Return relative to average drawdown	-1.20	20.02	-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.

V vs. TSM - Sharpe Ratio Comparison

The current V Sharpe Ratio is -0.56, which is lower than the TSM Sharpe Ratio of 2.76. The chart below compares the historical Sharpe Ratios of V and TSM, 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

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

Correlation

The correlation between V and TSM 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

V vs. TSM - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
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%

Drawdowns

V vs. TSM - Drawdown Comparison

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

Drawdown Indicators

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

Volatility

V vs. TSM - Volatility Comparison

The current volatility for Visa Inc. (V) is 5.55%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 14.44%. This indicates that V experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

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

Financials

V vs. TSM - Profitability Comparison

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

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 - 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 - 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 - 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 - 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%.

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%.