TSM vs. QQQI
TSM (Taiwan Semiconductor Manufacturing Company Limited) is a stock, while QQQI (NEOS Nasdaq-100 High Income ETF) is Nasdaq-100 fund actively managed by Neos. Over the past year, TSM returned 98.93% vs 25.86% for QQQI. A 0.67 correlation means they provide meaningful diversification when combined.
Performance
TSM vs. QQQI - Performance Comparison
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Returns By Period
In the year-to-date period, TSM achieves a 40.22% return, which is significantly higher than QQQI's 10.58% 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%
QQQI
- 1D
- 0.70%
- 1M
- 0.26%
- YTD
- 10.58%
- 6M
- 11.20%
- 1Y
- 25.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TSM vs. QQQI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TSM Taiwan Semiconductor Manufacturing Company Limited | 40.22% | 55.91% | 71.21% |
QQQI NEOS Nasdaq-100 High Income ETF | 10.58% | 18.62% | 19.44% |
Correlation
The correlation between TSM and QQQI is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2024 | 0.67 |
The correlation between TSM and QQQI has been stable across timeframes, ranging from 0.65 to 0.67 - a consistent structural relationship.
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Return for Risk
TSM vs. QQQI — Risk / Return Rank
TSM
QQQI
TSM vs. QQQI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Taiwan Semiconductor Manufacturing Company Limited (TSM) and NEOS Nasdaq-100 High Income ETF (QQQI). 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 | QQQI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.48 | 2.70 | +2.78 |
| Martin ratioReturn relative to average drawdown | 19.42 | 11.63 | +7.80 |
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Drawdowns
TSM vs. QQQI - Drawdown Comparison
The maximum TSM drawdown since its inception was -89.08%, which is greater than QQQI's maximum drawdown of -20.00%. Use the drawdown chart below to compare losses from any high point for TSM and QQQI.
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Drawdown Indicators
| TSM | QQQI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -89.08% | -20.00% | -69.08% |
Max Drawdown (1Y)Largest decline over 1 year | -18.14% | -9.61% | -8.53% |
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 DrawdownCurrent decline from peak | -4.87% | -2.69% | -2.18% |
Average DrawdownAverage peak-to-trough decline | -42.85% | -2.21% | -40.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.11% | 2.23% | +2.88% |
Volatility
TSM vs. QQQI - Volatility Comparison
Taiwan Semiconductor Manufacturing Company Limited (TSM) has a higher volatility of 13.42% compared to NEOS Nasdaq-100 High Income ETF (QQQI) at 6.10%. This indicates that TSM's price experiences larger fluctuations and is considered to be riskier than QQQI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSM | QQQI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.42% | 6.10% | +7.32% |
Volatility (6M)Calculated over the trailing 6-month period | 28.65% | 11.35% | +17.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.69% | 14.10% | +22.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.46% | 17.34% | +20.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.23% | 17.34% | +16.89% |
Dividends
TSM vs. QQQI - Dividend Comparison
TSM's dividend yield for the trailing twelve months is around 0.83%, less than QQQI's 13.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQI NEOS Nasdaq-100 High Income ETF | 13.53% | 13.82% | 12.85% | 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 QQQI have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TSM has higher volatility (13.42%) compared to QQQI (6.10%). In terms of maximum drawdown, TSM dropped -89.08% vs QQQI's -20.00%.
TSM currently has the higher Sharpe Ratio (2.71 vs 1.84), 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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