TSM vs SPY
Comparison between Taiwan Semiconductor Manufacturing (TSM, Company) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceTSM has outperformed SPY, delivering a return of +31.3% compared to +13.1%
TSM vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Market Cap / Net Assets
Winner
TSM
$2.27T
SPY
$784B
Expense Ratio
TSM
N/A
SPY
0.09%
Max Drawdown
TSM
89.08%
Winner
SPY
56.47%
Sharpe Ratio
Winner
TSM
1.72
SPY
1.37
5Y Beta
TSM
1.67
Winner
SPY
1.00
Industry
TSM
Semiconductors
SPY
N/A
P/E Ratio
TSM
36.13
Winner
SPY
28.84
Forward P/E
TSM
28.17
Winner
SPY
21.45
PEG Ratio
TSM
0.64
SPY
N/A
Dividend Yield
TSM
0.87%
SPY
N/A
5Y Dividends CAGR
Winner
TSM
19.71%
SPY
6.00%
5Y EPS CAGR
Winner
TSM
27.01%
SPY
25.26%
Debt to Equity
TSM
N/A
SPY
31.47%
Free Cash Flow Yield
TSM
1.57%
SPY
N/A
P/S Ratio
Winner
TSM
0.55
SPY
3.85
P/B Ratio
TSM
12.72
Winner
SPY
5.70
TSM vs SPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
TSM
+6.44%
SPY
+4.33%
3M
Winner
TSM
+17.40%
SPY
+11.39%
6M
Winner
TSM
+34.81%
SPY
+9.35%
1Y
Winner
TSM
+90.98%
SPY
+21.97%
5Y(CAGR)
Winner
TSM
+31.31%
SPY
+13.15%
10Y(CAGR)
Winner
TSM
+34.90%
SPY
+15.32%
Max(CAGR)
Winner
TSM
+14.30%
SPY
+8.54%
TSM vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | TSM | SPY |
|---|---|---|
| 2026 | +36.51% | +11.10% |
| 2025 | +52.75% | +18.00% |
| 2024 | +97.26% | +25.59% |
| 2023 | +43.18% | +26.72% |
| 2022 | -40.90% | -18.64% |
| 2021 | +9.43% | +30.52% |
| 2020 | +86.46% | +17.28% |
| 2019 | +66.52% | +31.09% |
| 2018 | -6.70% | -5.24% |
| 2017 | +38.73% | +20.78% |
| 2016 | +34.08% | +13.59% |
| 2015 | +4.75% | +1.31% |
| 2014 | +32.80% | +14.56% |
| 2013 | -1.51% | +29.00% |
| 2012 | +33.22% | +14.17% |
| 2011 | +5.98% | +0.85% |
| 2010 | +12.39% | +13.14% |
| 2009 | +45.07% | +22.67% |
| 2008 | -13.75% | -36.25% |
| 2007 | -6.08% | +5.32% |
| 2006 | +15.44% | +13.85% |
| 2005 | +27.40% | +5.32% |
| 2004 | -19.75% | +10.75% |
| 2003 | +40.66% | +24.18% |
| 2002 | -59.67% | -22.42% |
| 2001 | +36.35% | -10.13% |
| 2000 | -63.58% | -8.84% |
| 1999 | +32.12% | +8.61% |
TSM vs SPY Drawdown Comparison
The maximum drawdown for TSM was -89.08%, occurring on Oct 9, 2002. Recovery took 4196 trading sessions.
The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current TSM drawdown is -9.10%. The current SPY drawdown is -0.35%.
| Rank | TSM | SPY |
|---|---|---|
| #1 | -89.08% Feb 3, 2000 - Oct 7, 2016 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -56.46% Jan 14, 2022 - Mar 4, 2024 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -36.81% Jan 23, 2025 - Jun 26, 2025 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -26.55% Jan 14, 2020 - Jul 6, 2020 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -23.46% Sep 24, 2018 - Apr 18, 2019 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -22.56% Jul 10, 2024 - Oct 11, 2024 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -22.44% Feb 16, 2021 - Jan 13, 2022 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -20.81% Jan 25, 2000 - Feb 3, 2000 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -20.62% Jan 22, 2018 - Sep 7, 2018 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -18.15% Feb 25, 2026 - Apr 22, 2026 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -17.11% Apr 23, 2019 - Jul 22, 2019 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -14.06% Mar 7, 2024 - May 10, 2024 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -11.98% Oct 17, 2024 - Dec 23, 2024 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -10.61% Jul 22, 2019 - Sep 13, 2019 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -10.46% Dec 10, 2025 - Jan 2, 2026 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between TSM and SPY is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (1999 - 2026)
TSM vs SPY dividend yield comparison.
| Year | TSM | SPY |
|---|---|---|
| 2026 | 0.44% | 0.49% |
| 2025 | 1.00% | 1.07% |
| 2024 | 1.18% | 1.21% |
| 2023 | 1.78% | 1.40% |
| 2022 | 2.49% | 1.65% |
| 2021 | 1.57% | 1.20% |
| 2020 | 1.56% | 1.52% |
| 2019 | 3.46% | 1.75% |
| 2018 | 3.65% | 2.04% |
| 2017 | 2.32% | 1.80% |
| 2016 | 2.61% | 2.03% |
| 2015 | 2.54% | 2.06% |
| 2014 | 1.79% | 1.87% |
| 2013 | 2.30% | 1.81% |
| 2012 | 2.34% | 2.18% |
| 2011 | 3.21% | 2.05% |
| 2010 | 2.97% | 1.80% |
| 2009 | 3.18% | 1.95% |
| 2008 | 4.94% | 3.02% |
| 2007 | 3.66% | 1.85% |
| 2006 | 2.76% | 1.73% |
| 2005 | 2.35% | 1.73% |
| 2004 | 0.85% | 1.82% |
| 2003 | 0.00% | 1.47% |
| 2002 | 0.00% | 1.70% |
| 2001 | 0.00% | 1.25% |
| 2000 | 0.00% | 1.15% |
| 1999 | 0.00% | 0.24% |
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