IVV vs TEL: Correlation
Measured on weekly returns over the past three years, iShares Core S&P 500 ETF (IVV) 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 IVV and TEL?
On 3 years of weekly data the IVV/TEL correlation comes out at 0.66, strong. The link has loosened recently: the 1-year correlation (0.53) runs below the 3-year figure (0.66). The 5-year figure is 0.70, and annualized covariance runs at 276.6 %².
Within IVV's tracked universe of 122 assets, TEL comes in at #56 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IVV ahead by 21.8 points (+20.7% versus -1.1%). The rolling one-year correlation moved between 0.46 and 0.85 over the past three years, a moderate range. Note the risk asymmetry: TEL runs 2.0 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.
IVV vs TEL: side by side
| IVV (iShares Core S&P 500 ETF) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +20.7% | -1.1% |
| 5-year return | +83.0% | +43.7% |
| Volatility (ann.) | 14.5% | 28.8% |
| Beta vs S&P 500 | 1.00 | 1.32 |
| Max drawdown (3Y) | -18.8% | -22.6% |
| Market cap | – | $58.8B |
| P/E (trailing) | – | 20.1 |
| Dividend yield | 1.09% | 1.42% |
| Expense ratio | 0.03% | – |
| Assets under management | $869.2B | – |
| Sector / category | ETF · US Large Cap | Information Technology |
IVV, iShares's Large Blend fund, carries $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | IVV | TEL |
|---|---|---|
| 2022 | -18.2% | -27.7% |
| 2023 | +26.3% | +24.6% |
| 2024 | +24.9% | +3.5% |
| 2025 | +17.8% | +61.1% |
| 2026 | +13.7% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
TEL represents 0.09% of IVV's portfolio, so part of any move in IVV is TEL itself, and the correlation between them is partly mechanical.
Are IVV 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 IVV and TEL?
As of 2026-08-27, the correlation of weekly returns between IVV and TEL is 0.66 over 3 years, 0.53 over 1 year and 0.70 over 5 years.
Is TEL a good diversifier for IVV?
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/ivv-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ivv-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IVV correlations · TEL correlations
