APH vs TEL: Correlation
Measured on weekly returns over the past three years, Amphenol (APH) and TE Connectivity (TEL) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APH and TEL?
Across a 3-year window, the weekly returns of APH and TEL correlate at 0.66, strong. The relationship has been stable: the 1-year correlation (0.59) sits close to the 3-year figure. Stretching to 5 years gives 0.71, with an annualized covariance of 639.3 %².
Among the 38 assets we track against APH, TEL ranks #16 by 3-year correlation. The last year tells two different stories: APH led by 48.6 percentage points, +47.5% for APH against -1.1% for TEL. On a rolling one-year basis the correlation drifted between 0.52 and 0.89, a moderate band.
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.
APH vs TEL: side by side
| APH (Amphenol) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +47.5% | -1.1% |
| 5-year return | +338.9% | +43.7% |
| Volatility (ann.) | 33.6% | 28.8% |
| Beta vs S&P 500 | 1.57 | 1.32 |
| Max drawdown (3Y) | -28.2% | -22.6% |
| Market cap | $199.0B | $58.8B |
| P/E (trailing) | 40.3 | 20.1 |
| Dividend yield | 0.57% | 1.42% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | APH | TEL |
|---|---|---|
| 2022 | -12.0% | -27.7% |
| 2023 | +31.5% | +24.6% |
| 2024 | +41.3% | +3.5% |
| 2025 | +96.1% | +61.1% |
| 2026 | +19.8% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APH and TEL good diversifiers for each other?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between APH and TEL?
The APH/TEL correlation stands at 0.66 on a 3-year window (1 year: 0.59, 5 years: 0.71), computed from weekly returns as of 2026-08-27.
Is TEL a good diversifier for APH?
Somewhat, no more. With 0.66 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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/aph-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aph-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APH correlations · TEL correlations
