TSM Taiwan Semiconductor Manufacturing Company Ltd.

Last close: 375.44
504-day return: +98.31%
Median $/day: $3.6B
Relationships shown: 19
Leader rank: #404

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

TSM vs UMMA

Both indexed to 100 at 2026-05-11.

TSM UMMA · range 88–121 · 2026-05-11 → 2026-11-06

Follows TSM

These tend to repeat TSM's moves later.

CHW Calamos Global Dynamic Income Fund Common Stock

lag 1dρ +0.24holdout +0.31stable 100%$/day $1.1Mrobust

Moves with TSM

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

UMMA Listed Funds Trust Wahed Dow Jones Islamic World ETF

ρ +0.76beyond mkt +0.43holdout +0.76stable 100%robust

EWT iShares MSCI Taiwan ETF

ρ +0.77beyond mkt +0.41holdout +0.77stable 100%robust

SMH VanEck Semiconductor ETF

ρ +0.80beyond mkt +0.37holdout +0.81stable 100%robust

BAI iShares A.I. Innovation and Tech Active ETF

ρ +0.76beyond mkt +0.20holdout +0.80stable 100%robust

ALAR Alarum Technologies Ltd. American Depositary Share

ρ +0.34beyond mkt +0.07holdout +0.29stable 88%robust

CHW Calamos Global Dynamic Income Fund Common Stock

ρ +0.57beyond mkt +0.05holdout +0.57stable 100%robust

Moves against TSM

VZ Verizon Communications

ρ -0.31beyond mkt -0.09holdout -0.41stable 62%moderate

MO Altria Group, Inc.

ρ -0.35beyond mkt -0.06holdout -0.53stable 75%robust

AWK American Water Works Company, Inc

ρ -0.36beyond mkt -0.04holdout -0.50stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.45beyond mkt -0.04holdout -0.39stable 100%robust

ED Consolidated Edison, Inc.

ρ -0.34beyond mkt +0.03holdout -0.41stable 100%robust

MRSH Marsh

ρ -0.31beyond mkt -0.03holdout -0.52stable 75%robust

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

TPR Tapestry, Inc. Common Stock

horizon 10dρ +0.38holdout +0.11stable 75%moderate

SRV NXG Cushing Midstream Energy Fund

horizon 10dρ +0.37holdout +0.17stable 62%moderate

SII Sprott Inc.

horizon 5dρ +0.34holdout +0.33stable 88%robust

TPZ Tortoise Electrification Infrastructure ETF

horizon 5dρ +0.34holdout +0.16stable 75%moderate

PDI PIMCO Dynamic Income Fund

horizon 5dρ +0.32holdout +0.24stable 62%moderate

PKW Invesco Exchange-Traded Fund Trust Invesco BuyBack Achievers ETF

horizon 5dρ +0.30holdout +0.03stable 62%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

TPR Tapestry, Inc. Common Stock

Δ -0.74recent -0.39prior +0.34beyond mkt +0.03

SPOT Spotify Technology S.A.

Δ -0.69recent -0.55prior +0.14beyond mkt +0.05

DIVB iShares Core Dividend ETF

Δ -0.68recent -0.48prior +0.21beyond mkt -0.09

BINV Brandes International ETF

Δ -0.65recent -0.30prior +0.35beyond mkt +0.13

CHWY Chewy, Inc.

Δ -0.65recent -0.47prior +0.18beyond mkt +0.10

ONEY State Street SPDR Russell 1000 Yield Focus ETF

Δ -0.64recent -0.45prior +0.19beyond mkt -0.08

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
SMH VanEck Semiconductor ETF	+0.37	+0.80	3
UMMA Listed Funds Trust Wahed Dow Jones Islamic World ETF	+0.43	+0.76	11
EWT iShares MSCI Taiwan ETF	+0.41	+0.77	11