INDI vs TE: Correlation
indie Semiconductor, Inc. (INDI) and T1 Energy Inc. (TE) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDI and TE?
On 3 years of weekly data the INDI/TE correlation comes out at 0.49, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.49). The 5-year figure is 0.48, and annualized covariance runs at 5427.3 %².
Among the 13 assets we track against INDI, TE ranks #8 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TE outperformed by 226.8 percentage points (-12.9% for INDI against +213.9% for TE).
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.
INDI vs TE: side by side
| INDI (indie Semiconductor, Inc.) | TE (T1 Energy Inc.) | |
|---|---|---|
| 1-year return | -12.9% | +213.9% |
| 5-year return | -59.1% | -44.5% |
| Volatility (ann.) | 86.4% | 127.8% |
| Beta vs S&P 500 | 3.07 | 2.71 |
| Max drawdown (3Y) | -81.3% | -85.5% |
| Market cap | $0.9B | $1.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDI | TE |
|---|---|---|
| 2022 | -51.4% | -22.4% |
| 2023 | +39.1% | -78.5% |
| 2024 | -50.1% | +38.0% |
| 2025 | -12.8% | +158.9% |
| 2026 | +14.4% | -25.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDI and TE good diversifiers for each other?
Reasonably. At 0.49, INDI and TE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between INDI and TE?
As of 2026-08-27, the correlation of weekly returns between INDI and TE is 0.49 over 3 years, 0.36 over 1 year and 0.48 over 5 years.
Is TE a good diversifier for INDI?
Reasonably. At 0.49, INDI and TE keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
A reading of 0.49 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indi-vs-te.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/indi-vs-te/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INDI correlations · TE correlations
