JEDI.DE vs. TSM
JEDI.DE (VanEck Space Innovators UCITS ETF) is Industrials Equities fund tracking the MVIS Global Space Industry ESG, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. Over the past 3 years, JEDI.DE returned 65.71%/yr vs 57.11%/yr for TSM. At a 0.24 correlation, their price movements are largely independent.
Performance
JEDI.DE vs. TSM - Performance Comparison
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Different Trading Currencies
JEDI.DE is traded in EUR, while TSM is traded in USD. To make them comparable, the TSM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, JEDI.DE achieves a 76.99% return, which is significantly higher than TSM's 42.38% return.
JEDI.DE
- 1D
- 1.31%
- 1M
- 5.77%
- YTD
- 76.99%
- 6M
- 81.86%
- 1Y
- 188.91%
- 3Y*
- 65.71%
- 5Y*
- —
- 10Y*
- —
TSM
- 1D
- 0.76%
- 1M
- 7.63%
- YTD
- 42.38%
- 6M
- 48.07%
- 1Y
- 99.27%
- 3Y*
- 57.11%
- 5Y*
- 32.51%
- 10Y*
- 35.37%
JEDI.DE vs. TSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
JEDI.DE VanEck Space Innovators UCITS ETF | 76.99% | 72.15% | 52.14% | 8.55% | 4.41% |
TSM Taiwan Semiconductor Manufacturing Company Limited | 42.38% | 37.40% | 105.29% | 38.06% | -12.21% |
Correlation
The correlation between JEDI.DE and TSM is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.24 |
The correlation between JEDI.DE and TSM shifts across timeframes, from 0.23 (3 years) to 0.35 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
JEDI.DE vs. TSM — Risk / Return Rank
JEDI.DE
TSM
JEDI.DE vs. TSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Space Innovators UCITS ETF (JEDI.DE) 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.
| JEDI.DE | TSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.41 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 8.56 | 6.38 | +2.19 |
| Martin ratioReturn relative to average drawdown | 28.05 | 20.57 | +7.48 |
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Drawdowns
JEDI.DE vs. TSM - Drawdown Comparison
The maximum JEDI.DE drawdown since its inception was -30.10%, smaller than the maximum TSM drawdown of -50.24%. Use the drawdown chart below to compare losses from any high point for JEDI.DE and TSM.
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Drawdown Indicators
| JEDI.DE | TSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.10% | -50.24% | +20.14% |
Max Drawdown (1Y)Largest decline over 1 year | -23.53% | -15.66% | -7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -30.10% | -40.23% | +10.13% |
Max Drawdown (5Y)Largest decline over 5 years | — | -50.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.24% | — |
Current DrawdownCurrent decline from peak | -13.81% | -4.37% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -7.11% | -10.50% | +3.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 4.85% | +2.35% |
Volatility
JEDI.DE vs. TSM - Volatility Comparison
VanEck Space Innovators UCITS ETF (JEDI.DE) has a higher volatility of 18.13% compared to Taiwan Semiconductor Manufacturing Company Limited (TSM) at 12.84%. This indicates that JEDI.DE's price experiences larger fluctuations and is considered to be riskier 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
| JEDI.DE | TSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 18.13% | 12.84% | +5.29% |
Volatility (6M)Calculated over the trailing 6-month period | 34.16% | 27.79% | +6.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.91% | 36.39% | +7.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 32.37% | 36.76% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.37% | 33.92% | -1.55% |
Dividends
JEDI.DE vs. TSM - Dividend Comparison
JEDI.DE has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.83%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
JEDI.DE VanEck Space Innovators UCITS ETF | 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 | 0.83% | 1.00% | 1.18% | 1.78% | 2.49% | 1.57% | 1.56% | 3.46% | 3.64% | 2.32% | 2.61% | 2.54% |
Frequently Asked Questions
JEDI.DE and TSM have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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