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TSM correlations (Taiwan Semiconductor Manufacturing Company Ltd.)

Which assets move with TSM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

34.9%

3y weekly

Beta vs S&P 500

1.59

3y weekly

1-year return

+80.5%

price, adjusted

5-year return

+289.6%

price, adjusted

Market cap

$2,216.2B

latest

P/E ratio

31.1

trailing

Dividend yield

6.22%

trailing

Max drawdown

-36.8%

3y, daily closes

TSM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with TSM

Asset		Correlation (3Y)
SMH	VanEck Semiconductor ETF	0.82
SOXX	iShares Semiconductor ETF	0.78
XLK	Technology Select Sector SPDR Fund	0.73
QQQ	Invesco QQQ Trust	0.72
QQQM	Invesco Nasdaq 100 ETF	0.72

These are the assets whose returns had the least to do with TSM's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
FNGD	MicroSectors FANG Index -3X Inverse Leveraged ETNs due	-0.64
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.55
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.48

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/tsm.json

Correlations, diversifiers, beta and volatility for TSM, plus one endpoint per pair. API documentation.

ETF		TSM weight
SOXX	iShares Semiconductor ETF	4.64%