Taiwan Semiconductor Mfg. Co. Ltd. vs Vanguard Short Term Corporate Bond ETF — how do they compare? Taiwan Semiconductor Mfg. Co. Ltd. trades at $425.62 (market cap $1.88T), while Vanguard Short Term Corporate Bond ETF trades at $78.58. The key difference: Taiwan Semiconductor Mfg. Co. Ltd. pays a 0.94% dividend while Vanguard Short Term Corporate Bond ETF pays none, and Taiwan Semiconductor Mfg. Co. Ltd. is trading nearer its 52-week high, Vanguard Short Term Corporate Bond ETF nearer its low. Which is the better fit depends on your goals.
| TSM | VCSH | |
|---|---|---|
Market Cap | $1.88T | — |
Sector | Technology | Fixed Income |
52-Week High | $477.57 | $80.20 |
52-Week Low | $227.33 | $78.45 |
Enterprise Value | $1.81T | — |
Dividend Yield | 0.94% | — |
Trailing returns across standard periods
Latest headlines on both assets
Taiwan Semiconductor Manufacturing Company, or TSMC, is the world's largest dedicated chip foundry, with over 57% market share in 2021 per Gartner. TSMC was founded in 1987 as a joint venture of Philips, the government of Taiwan, and private investors. It went public as an ADR in the U.S. in 1997. TSMC's scale and high-quality technology allow the firm to generate solid operating margins, even in the highly competitive foundry business. Furthermore, the shift to the fabless business model has created tailwinds for TSMC. The foundry leader has an illustrious customer base, including Apple, AMD and Nvidia, that looks to apply cutting-edge process technologies to its semiconductor designs.
Read more on TSM →VCSH tracks the Bloomberg U.S. 1-5 Year Corporate Bond Index, focusing on high-quality, investment-grade debt with short maturities. It is designed to offer higher income than Treasury bills with significantly lower interest rate sensitivity than intermediate or long-term bond funds.
Read more on VCSH →