TSM vs. JEDI.DE
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while JEDI.DE (VanEck Space Innovators UCITS ETF) is Industrials Equities fund tracking the MVIS Global Space Industry ESG. Over the past 3 years, TSM returned 60.80%/yr vs 70.22%/yr for JEDI.DE. At a 0.28 correlation, their price movements are largely independent.
Performance
TSM vs. JEDI.DE - Performance Comparison
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Different Trading Currencies
TSM is traded in USD, while JEDI.DE is traded in EUR. To make them comparable, the JEDI.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly lower than JEDI.DE's 74.93% return.
TSM
- 1D
- 0.68%
- 1M
- 6.28%
- YTD
- 40.22%
- 6M
- 45.91%
- 1Y
- 98.93%
- 3Y*
- 60.80%
- 5Y*
- 31.30%
- 10Y*
- 35.80%
JEDI.DE
- 1D
- 1.42%
- 1M
- 4.85%
- YTD
- 74.93%
- 6M
- 79.85%
- 1Y
- 189.67%
- 3Y*
- 70.22%
- 5Y*
- —
- 10Y*
- —
TSM vs. JEDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 92.58% | 42.33% | -10.68% |
JEDI.DE VanEck Space Innovators UCITS ETF | 74.93% | 94.34% | 43.44% | 11.98% | 7.01% |
Correlation
The correlation between TSM and JEDI.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.28 |
The correlation between TSM and JEDI.DE shifts across timeframes, from 0.27 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
TSM vs. JEDI.DE — Risk / Return Rank
TSM
JEDI.DE
TSM vs. JEDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and VanEck Space Innovators UCITS ETF (JEDI.DE). 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.
| TSM | JEDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.56 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 8.60 | -3.12 |
| Martin ratioReturn relative to average drawdown | 19.42 | 28.11 | -8.69 |
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Drawdowns
TSM vs. JEDI.DE - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than JEDI.DE's maximum drawdown of -26.75%. Use the drawdown chart below to compare losses from any high point for TSM and JEDI.DE.
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Drawdown Indicators
| TSM | JEDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -26.75% | -62.33% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -24.02% | +5.88% |
Max Drawdown (3Y)Largest decline over 3 years | -36.82% | -26.75% | -10.07% |
Max Drawdown (5Y)Largest decline over 5 years | -56.47% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.47% | — | — |
Current DrawdownCurrent decline from peak | -4.87% | -14.10% | +9.23% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -7.18% | -35.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 7.36% | -2.25% |
Volatility
TSM vs. JEDI.DE - Volatility Comparison
The current volatility for Taiwan Semiconductor Manufacturing Company Limited (TSM) is 13.42%, while VanEck Space Innovators UCITS ETF (JEDI.DE) has a volatility of 18.67%. This indicates that TSM experiences smaller price fluctuations and is considered to be less risky than JEDI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | JEDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 18.67% | -5.25% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 34.86% | -6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 44.38% | -7.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 33.25% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 33.25% | +0.98% |
Dividends
TSM vs. JEDI.DE - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, while JEDI.DE has not paid dividends to shareholders.
| 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
TSM and JEDI.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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