GLBE vs. TSEM

Last updated Jun 4, 2026

GLBE (Global-e Online Ltd.) and TSEM (Tower Semiconductor Ltd) are both stocks. GLBE operates in Internet Retail (Consumer Cyclical), while TSEM operates in Semiconductors (Technology). Over the past 5 years, GLBE returned -2.18%/yr vs 58.06%/yr for TSEM. At a 0.28 correlation, their price movements are largely independent.

Performance

GLBE vs. TSEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global-e Online Ltd. (GLBE) and Tower Semiconductor Ltd (TSEM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GLBE achieves a -19.13% return, which is significantly lower than TSEM's 128.16% return.

GLBE

• 1D: -4.53%
• 1M: -1.88%
• YTD: -19.13%
• 6M: -22.72%
• 1Y: -3.40%
• 3Y*: -2.91%
• 5Y*: -2.18%
• 10Y*: —

TSEM

• 1D: -2.48%
• 1M: 24.57%
• YTD: 128.16%
• 6M: 130.94%
• 1Y: 561.18%
• 3Y*: 91.15%
• 5Y*: 58.06%
• 10Y*: 35.28%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GLBE vs. TSEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GLBE Global-e Online Ltd.	-19.13%	-27.91%	37.60%	92.01%	-67.44%	148.59%
TSEM Tower Semiconductor Ltd	128.16%	127.96%	68.77%	-29.35%	8.87%	56.90%

Correlation

The correlation between GLBE and TSEM is 0.17, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.17
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (5Y) Calculated over the trailing 5-year period	0.29
Correlation (All Time) Calculated using the full available price history since May 13, 2021	0.28

The correlation between GLBE and TSEM shifts across timeframes, from 0.17 (1 year) to 0.29 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap GLBE : $5.53B TSEM : $30.63B
EPS GLBE : $0.67 TSEM : $2.15
PE Ratio GLBE : 47.48 TSEM : 124.36
PEG Ratio GLBE : 0.01 TSEM : 4.38
PS Ratio GLBE : 5.40 TSEM : 18.82
PB Ratio GLBE : 6.07 TSEM : 10.30
Total Revenue (TTM) GLBE : $1.02B TSEM : $1.62B
Gross Profit (TTM) GLBE : $467.05M TSEM : $401.63M
EBITDA (TTM) GLBE : $146.46M TSEM : $571.93M

Return for Risk

GLBE vs. TSEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GLBE

GLBE Risk / Return Rank: 36
GLBE Sharpe Ratio Rank: 38
GLBE Sortino Ratio Rank: 35
GLBE Omega Ratio Rank: 35
GLBE Calmar Ratio Rank: 37
GLBE Martin Ratio Rank: 36

TSEM

TSEM Risk / Return Rank: 99
TSEM Sharpe Ratio Rank: 100
TSEM Sortino Ratio Rank: 99
TSEM Omega Ratio Rank: 98
TSEM Calmar Ratio Rank: 99
TSEM Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GLBE vs. TSEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global-e Online Ltd. (GLBE) and Tower Semiconductor Ltd (TSEM). 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.

	GLBE	TSEM	Difference
Sharpe ratio Return per unit of total volatility	-0.07	8.44	-8.51
Sortino ratio Return per unit of downside risk	0.23	6.00	-5.76
Omega ratio Gain probability vs. loss probability	1.03	1.77	-0.74
Calmar ratio Return relative to maximum drawdown	-0.10	22.61	-22.71
Martin ratio Return relative to average drawdown	-0.24	83.13	-83.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GLBE vs. TSEM - Sharpe Ratio Comparison

The current GLBE Sharpe Ratio is -0.07, which is lower than the TSEM Sharpe Ratio of 8.44. The chart below compares the historical Sharpe Ratios of GLBE and TSEM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GLBE	TSEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.07	8.44	-8.51
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	1.25	-1.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.82	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.07	0.03	+0.04

Drawdowns

GLBE vs. TSEM - Drawdown Comparison

The maximum GLBE drawdown since its inception was -79.10%, smaller than the maximum TSEM drawdown of -99.75%. Use the drawdown chart below to compare losses from any high point for GLBE and TSEM.

Drawdown Indicators

	GLBE	TSEM	Difference
Max Drawdown Largest peak-to-trough decline	-79.10%	-99.75%	+20.65%
Max Drawdown (1Y) Largest decline over 1 year	-33.78%	-25.04%	-8.74%
Max Drawdown (3Y) Largest decline over 3 years	-56.17%	-46.78%	-9.39%
Max Drawdown (5Y) Largest decline over 5 years	-79.10%	-55.39%	-23.71%
Max Drawdown (10Y) Largest decline over 10 years	—	-62.28%	—
Current Drawdown Current decline from peak	-61.08%	-55.21%	-5.87%
Average Drawdown Average peak-to-trough decline	-52.28%	-85.42%	+33.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.23%	6.80%	+7.43%

Volatility

GLBE vs. TSEM - Volatility Comparison

The current volatility for Global-e Online Ltd. (GLBE) is 19.51%, while Tower Semiconductor Ltd (TSEM) has a volatility of 29.90%. This indicates that GLBE experiences smaller price fluctuations and is considered to be less risky than TSEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GLBE	TSEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.51%	29.90%	-10.39%
Volatility (6M) Calculated over the trailing 6-month period	36.60%	53.71%	-17.11%
Volatility (1Y) Calculated over the trailing 1-year period	46.59%	67.10%	-20.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.40%	46.78%	+21.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.27%	43.33%	+24.94%

Dividends

GLBE vs. TSEM - Dividend Comparison

Neither GLBE nor TSEM has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

GLBE vs. TSEM - Profitability Comparison

The chart below illustrates the profitability comparison between Global-e Online Ltd. and Tower Semiconductor Ltd over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GLBE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Global-e Online Ltd. reported a gross profit of 114.88M and revenue of 252.09M. Therefore, the gross margin over that period was 45.6%.

TSEM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a gross profit of 110.95M and revenue of 413.63M. Therefore, the gross margin over that period was 26.8%.

GLBE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Global-e Online Ltd. reported an operating income of 32.97M and revenue of 252.09M, resulting in an operating margin of 13.1%.

TSEM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported an operating income of 64.57M and revenue of 413.63M, resulting in an operating margin of 15.6%.

GLBE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Global-e Online Ltd. reported a net income of 30.36M and revenue of 252.09M, resulting in a net margin of 12.0%.

TSEM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tower Semiconductor Ltd reported a net income of 65.03M and revenue of 413.63M, resulting in a net margin of 15.7%.

Frequently Asked Questions

Can I hold both GLBE and TSEM in my portfolio?

GLBE and TSEM have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GLBE or TSEM?

TSEM has higher volatility (29.90%) compared to GLBE (19.51%). In terms of maximum drawdown, GLBE dropped -79.10% vs TSEM's -99.75%.

Which has better risk-adjusted returns?

TSEM currently has the higher Sharpe Ratio (8.44 vs -0.07), 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.