GLBE vs. TSM
GLBE (Global-e Online Ltd.) and TSM (Taiwan Semiconductor Manufacturing Company Limited) are both stocks. GLBE operates in Internet Retail (Consumer Cyclical), while TSM operates in Semiconductors (Technology). Over the past 5 years, GLBE returned -10.81%/yr vs 30.32%/yr for TSM. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
GLBE vs. TSM - Performance Comparison
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Returns By Period
GLBE
- 1D
- -1.40%
- 1M
- 9.71%
- 6M
- 7.55%
- YTD
- 0.00%
- 1Y
- 18.58%
- 3Y*
- -4.37%
- 5Y*
- -10.81%
- 10Y*
- —
- ALL TIME*
- 9.70%
TSM
- 1D
- 0.23%
- 1M
- -9.00%
- 6M
- 22.92%
- YTD
- 33.71%
- 1Y
- 69.13%
- 3Y*
- 62.43%
- 5Y*
- 30.32%
- 10Y*
- 33.46%
- ALL TIME*
- 16.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $66.86M | $52.38M | $58.11M | |
| $6.03B | $6.30B | $6.05B |
GLBE vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
GLBE Global-e Online Ltd. | -0.00% | -27.91% | 37.60% | 92.01% | -67.44% | 161.40% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 33.71% | 55.91% | 92.58% | 42.33% | -36.75% | 7.90% |
Correlation
The correlation between GLBE and TSM is 0.09, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.09 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since May 12, 2021 | 0.31 |
Over the past year, the correlation between GLBE and TSM has dropped to 0.09 - well below their long-term average of 0.31, suggesting their price drivers have been diverging.
Fundamentals
GLBE:
$6.60B
TSM:
$2.10T
GLBE:
$0.66
TSM:
NT$432.27
GLBE:
59.18
TSM:
30.30
GLBE:
0.01
TSM:
0.84
GLBE:
6.73
TSM:
15.26
GLBE:
7.51
TSM:
10.56
GLBE:
$1.02B
TSM:
NT$4.45T
GLBE:
$467.05M
TSM:
NT$2.86T
GLBE:
$146.46M
TSM:
NT$3.20T
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Return for Risk
GLBE vs. TSM — Risk / Return Rank
GLBE
TSM
GLBE vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global-e Online Ltd. (GLBE) and Taiwan Semiconductor Manufacturing Company Limited (TSM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLBE | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.28 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | 3.23 | -2.67 |
| Martin ratioReturn relative to average drawdown | 1.21 | 10.80 | -9.59 |
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Drawdowns
GLBE vs. TSM - Drawdown Comparison
The maximum GLBE drawdown since its inception was -79.10%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for GLBE and TSM.
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Drawdown Indicators
| GLBE | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.10% | -89.08% | +9.98% |
Max Drawdown (1Y)Largest decline over 1 year | -33.78% | -21.55% | -12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -56.17% | -36.82% | -19.35% |
Max Drawdown (5Y)Largest decline over 5 years | -79.10% | -56.47% | -22.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -56.47% | — |
Current DrawdownCurrent decline from peak | -51.88% | -15.35% | -36.53% |
Average DrawdownAverage peak-to-trough decline | -52.37% | -42.69% | -9.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.42% | 6.43% | +8.99% |
Volatility
GLBE vs. TSM - Volatility Comparison
The current volatility for Global-e Online Ltd. (GLBE) is 12.17%, while Taiwan Semiconductor Manufacturing Company Limited (TSM) has a volatility of 13.76%. This indicates that GLBE experiences smaller price fluctuations and is considered to be less risky than TSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GLBE | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.17% | 13.76% | -1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 37.76% | 33.07% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 48.48% | 40.75% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 67.18% | 38.35% | +28.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 67.66% | 34.75% | +32.91% |
Dividends
GLBE vs. TSM - Dividend Comparison
GLBE has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.87%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLBE Global-e Online Ltd. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 0.87% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Financials
GLBE vs. TSM - Financials Comparison
This section allows you to compare key financial metrics between Global-e Online Ltd. and Taiwan Semiconductor Manufacturing Company Limited. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GLBE vs. TSM - Profitability Comparison
GLBE - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 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%.
TSM - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Taiwan Semiconductor Manufacturing Company Limited reported a gross profit of 860.31B and revenue of 1.27T. Therefore, the gross margin over that period was 67.7%.
GLBE - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 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%.
TSM - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Taiwan Semiconductor Manufacturing Company Limited reported an operating income of 766.60B and revenue of 1.27T, resulting in an operating margin of 60.3%.
GLBE - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 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%.
TSM - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Taiwan Semiconductor Manufacturing Company Limited reported a net income of 706.56B and revenue of 1.27T, resulting in a net margin of 55.6%.
Frequently Asked Questions
GLBE and TSM have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (13.76%) compared to GLBE (12.17%). In terms of maximum drawdown, GLBE dropped -79.10% vs TSM's -89.08%.
TSM currently has the higher Sharpe Ratio (1.71 vs 0.39), 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.
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