ADI vs TEL: Correlation
Measured on weekly returns over the past three years, Analog Devices (ADI) and TE Connectivity (TEL) carry a correlation of 0.54, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADI and TEL?
Over the past 3 years, ADI and TEL moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 506.8 %².
Among the 51 assets we track against ADI, TEL ranks #34 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ADI ahead by 49.7 points (+48.6% versus -1.1%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.21 to 0.84.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADI vs TEL: side by side
| ADI (Analog Devices) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +48.6% | -1.1% |
| 5-year return | +143.1% | +43.7% |
| Volatility (ann.) | 32.6% | 28.8% |
| Beta vs S&P 500 | 1.56 | 1.32 |
| Max drawdown (3Y) | -32.2% | -22.6% |
| Market cap | $181.5B | $58.8B |
| P/E (trailing) | 44.6 | 20.1 |
| Dividend yield | 1.15% | 1.42% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | ADI | TEL |
|---|---|---|
| 2022 | -4.9% | -27.7% |
| 2023 | +23.4% | +24.6% |
| 2024 | +8.8% | +3.5% |
| 2025 | +29.8% | +61.1% |
| 2026 | +38.9% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADI and TEL good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between ADI and TEL?
As of 2026-08-27, the correlation of weekly returns between ADI and TEL is 0.54 over 3 years, 0.44 over 1 year and 0.61 over 5 years.
Is TEL a good diversifier for ADI?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
On the −1 to +1 scale, 0.54 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adi-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adi-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ADI correlations · TEL correlations
