NASA vs. TSM

Last updated Jun 16, 2026

NASA (Tema Space Innovators ETF) is Aerospace & Defense fund actively managed by Tema, while TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock. At a 0.29 correlation, their price movements are largely independent.

Performance

NASA vs. TSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tema Space Innovators ETF (NASA) and Taiwan Semiconductor Manufacturing Company Limited (TSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

NASA

• 1D: 1.72%
• 1M: -5.88%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TSM

• 1D: 4.12%
• 1M: 9.42%
• YTD: 46.00%
• 6M: 54.19%
• 1Y: 111.37%
• 3Y*: 63.90%
• 5Y*: 32.42%
• 10Y*: 36.20%

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

NASA vs. TSM - Yearly Performance Comparison

	2026 (YTD)
NASA Tema Space Innovators ETF	34.77%
TSM Taiwan Semiconductor Manufacturing Company Limited	39.79%

Correlation

The correlation between NASA and TSM is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 31, 2026	0.29

Return for Risk

NASA vs. TSM — Risk / Return Rank

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

NASA

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

TSM

TSM Risk / Return Rank: 94
TSM Sharpe Ratio Rank: 96
TSM Sortino Ratio Rank: 94
TSM Omega Ratio Rank: 91
TSM Calmar Ratio Rank: 95
TSM Martin Ratio Rank: 96

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.

NASA vs. TSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tema Space Innovators ETF (NASA) 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.

	NASA	TSM	Difference
Sharpe ratio: Return per unit of total volatility	—	3.04	—
Sortino ratio: Return per unit of downside risk	—	3.59	—
Omega ratio: Gain probability vs. loss probability	—	1.44	—
Calmar ratio: Return relative to maximum drawdown	—	6.17	—
Martin ratio: Return relative to average drawdown	—	21.87	—

Drawdowns

NASA vs. TSM - Drawdown Comparison

The maximum NASA drawdown since its inception was -25.42%, smaller than the maximum TSM drawdown of -89.08%. Use the drawdown chart below to compare losses from any high point for NASA and TSM.

Drawdown Indicators

	NASA	TSM	Difference
Max Drawdown Largest peak-to-trough decline	-25.42%	-89.08%	+63.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-18.14%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-36.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-56.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-56.47%	—
Current Drawdown Current decline from peak	-22.46%	-0.95%	-21.51%
Average Drawdown Average peak-to-trough decline	-5.71%	-42.84%	+37.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.11%	—

Volatility

Volatility by Period

	NASA	TSM	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	28.85%	—
Volatility (1Y) Calculated over the trailing 1-year period	68.70%	36.88%	+31.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	68.70%	37.50%	+31.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	68.70%	34.26%	+34.44%

Dividends

NASA vs. TSM - Dividend Comparison

NASA has not paid dividends to shareholders, while TSM's dividend yield for the trailing twelve months is around 0.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NASA Tema Space Innovators 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	0.80%	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

Can I hold both NASA and TSM in my portfolio?

NASA and TSM have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.