GPRO vs TEL: Correlation
GoPro, Inc. (GPRO) and TE Connectivity (TEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GPRO and TEL?
On 3 years of weekly data the GPRO/TEL correlation comes out at 0.46, moderate. The link has loosened recently: the 1-year correlation (0.27) runs below the 3-year figure (0.46). The 5-year figure is 0.46, and annualized covariance runs at 1282.2 %².
Among the 15 assets we track against GPRO, TEL ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TEL ahead by 63.3 points (-64.4% versus -1.1%). Note the risk asymmetry: GPRO runs 3.4 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
GPRO vs TEL: side by side
| GPRO (GoPro, Inc.) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | -64.4% | -1.1% |
| 5-year return | -93.9% | +43.7% |
| Volatility (ann.) | 96.8% | 28.8% |
| Beta vs S&P 500 | 2.84 | 1.32 |
| Max drawdown (3Y) | -87.2% | -22.6% |
| Market cap | $0.1B | $58.8B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | GPRO | TEL |
|---|---|---|
| 2022 | -51.7% | -27.7% |
| 2023 | -30.3% | +24.6% |
| 2024 | -68.6% | +3.5% |
| 2025 | +29.4% | +61.1% |
| 2026 | -57.1% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GPRO and TEL good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between GPRO and TEL?
The GPRO/TEL correlation stands at 0.46 on a 3-year window (1 year: 0.27, 5 years: 0.46), computed from weekly returns as of 2026-08-27.
Is TEL a good diversifier for GPRO?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/gpro-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/gpro-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: GPRO correlations · TEL correlations
