ICHR vs TEAD: Correlation
Measured on weekly returns over the past three years, Ichor Holdings (ICHR) and Te (TEAD) carry a correlation of 0.40, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ICHR and TEAD?
On 3 years of weekly data the ICHR/TEAD correlation comes out at 0.40, moderate. The relationship has been stable: the 1-year correlation (0.36) sits close to the 3-year figure. The 5-year figure is 0.42, and annualized covariance runs at 2136.2 %².
Among the 12 assets we track against ICHR, TEAD sits near the bottom by co-movement, at rank #8. Correlation aside, the last 12 months split them widely, with ICHR ahead by 313.4 points (+239.8% versus -73.6%).
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.
ICHR vs TEAD: side by side
| ICHR (Ichor Holdings) | TEAD (Te) | |
|---|---|---|
| 1-year return | +239.8% | -73.6% |
| 5-year return | +32.8% | -97.2% |
| Volatility (ann.) | 75.0% | 71.3% |
| Beta vs S&P 500 | 2.32 | 1.33 |
| Max drawdown (3Y) | -69.1% | -93.8% |
| Market cap | $2.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ICHR | TEAD |
|---|---|---|
| 2022 | -41.7% | -74.1% |
| 2023 | +25.4% | +21.0% |
| 2024 | -4.2% | +63.9% |
| 2025 | -42.8% | -90.2% |
| 2026 | +220.6% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ICHR and TEAD good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ICHR and TEAD?
As of 2026-08-27, the correlation of weekly returns between ICHR and TEAD is 0.40 over 3 years, 0.36 over 1 year and 0.42 over 5 years.
Is TEAD a good diversifier for ICHR?
Yes, to a useful degree: a correlation of 0.40 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.40 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/ichr-vs-tead.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ichr-vs-tead/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ICHR correlations · TEAD correlations
