WTS vs. TSM
WTS (Watts Water Technologies, Inc.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. WTS operates in Specialty Industrial Machinery (Industrials), while TSM operates in Semiconductors (Technology). Over the past 10 years, WTS returned 20.25%/yr vs 35.80%/yr for TSM. At a 0.35 correlation, their price movements are largely independent.
Performance
WTS vs. TSM - Performance Comparison
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Returns By Period
In the year-to-date period, WTS achieves a 21.12% return, which is significantly lower than TSM's 40.22% return. Over the past 10 years, WTS has underperformed TSM with an annualized return of 20.25%, while TSM has yielded a comparatively higher 35.80% annualized return.
WTS
- 1D
- 3.81%
- 1M
- 11.26%
- YTD
- 21.12%
- 6M
- 19.78%
- 1Y
- 38.75%
- 3Y*
- 24.54%
- 5Y*
- 19.38%
- 10Y*
- 20.25%
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
WTS vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WTS Watts Water Technologies, Inc. | 21.12% | 36.85% | -1.62% | 43.57% | -24.08% | 60.63% | 23.14% | 56.20% | -14.13% | 17.84% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -36.75% | 12.09% | 92.67% | 64.85% | -3.50% | 41.46% |
Correlation
The correlation between WTS and TSM is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Oct 9, 1997 | 0.35 |
Fundamentals
WTS:
$11.16B
TSM:
$2.20T
WTS:
$10.95
TSM:
NT$373.98
WTS:
30.43
TSM:
35.89
WTS:
1.42
TSM:
1.03
WTS:
4.36
TSM:
16.87
WTS:
5.32
TSM:
11.82
WTS:
$2.56B
TSM:
NT$4.13T
WTS:
$1.26B
TSM:
NT$2.55T
WTS:
$556.30M
TSM:
NT$3.14T
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Return for Risk
WTS vs. TSM — Risk / Return Rank
WTS
TSM
WTS vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Watts Water Technologies, Inc. (WTS) 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.
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.
| WTS | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.40 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.52 | 5.48 | -2.96 |
| Martin ratioReturn relative to average drawdown | 6.51 | 19.42 | -12.92 |
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Drawdowns
WTS vs. TSM - Drawdown Comparison
The maximum WTS drawdown since its inception was -63.68%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for WTS and TSM.
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Drawdown Indicators
| WTS | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.68% | -89.08% | +25.40% |
Max Drawdown (1Y)Largest decline over 1 year | -15.45% | -18.14% | +2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.54% | -36.82% | +17.28% |
Max Drawdown (5Y)Largest decline over 5 years | -44.08% | -56.47% | +12.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.08% | -56.47% | +12.39% |
Current DrawdownCurrent decline from peak | -0.55% | -4.87% | +4.32% |
Average DrawdownAverage peak-to-trough decline | -16.19% | -42.85% | +26.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.97% | 5.11% | +0.86% |
Volatility
WTS vs. TSM - Volatility Comparison
The current volatility for Watts Water Technologies, Inc. (WTS) is 7.01%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.42%. This indicates that WTS 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.
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Volatility by Period
| WTS | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.01% | 13.42% | -6.41% |
Volatility (6M)Calculated over the trailing 6-month period | 16.66% | 28.65% | -11.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.03% | 36.69% | -13.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.84% | 37.46% | -9.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.24% | 34.23% | -5.99% |
Dividends
WTS vs. TSM - Dividend Comparison
WTS's dividend yield for the trailing twelve months is around 0.66%, less than TSM's 0.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
WTS Watts Water Technologies, Inc. | 0.66% | 0.72% | 0.81% | 0.66% | 0.79% | 0.52% | 0.76% | 0.90% | 1.27% | 0.99% | 1.09% | 1.33% |
Financials
WTS vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Watts Water Technologies, Inc. and Taiwan Semiconductor Manufacturing Company Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
WTS vs. TSM - Profitability Comparison
WTS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a gross profit of 326.10M and revenue of 677.30M. Therefore, the gross margin over that period was 48.2%.
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 759.06B and revenue of 1.15T. Therefore, the gross margin over that period was 66.3%.
WTS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported an operating income of 133.00M and revenue of 677.30M, resulting in an operating margin of 19.6%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 664.08B and revenue of 1.15T, resulting in an operating margin of 58.0%.
WTS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Watts Water Technologies, Inc. reported a net income of 99.60M and revenue of 677.30M, resulting in a net margin of 14.7%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 578.40B and revenue of 1.15T, resulting in a net margin of 50.5%.
Frequently Asked Questions
WTS and TSM have a correlation of 0.32, 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 WTS (7.01%). In terms of maximum drawdown, WTS dropped -63.68% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (2.71 vs 1.69), 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.
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