KEYS vs TEL: Correlation
How closely do Keysight Technologies (KEYS) and TE Connectivity (TEL) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KEYS and TEL?
Over the past 3 years, KEYS and TEL moved with a correlation of 0.54, which is moderate. The link has loosened recently: the 1-year correlation (0.41) runs below the 3-year figure (0.54). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 577.2 %².
Among the 43 assets we track against KEYS, TEL ranks #24 by 3-year correlation. The last year tells two different stories: KEYS led by 98.5 percentage points, +97.4% for KEYS against -1.1% for TEL. The rolling one-year correlation moved between 0.28 and 0.75 over the past three years, a moderate range.
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.
KEYS vs TEL: side by side
| KEYS (Keysight Technologies) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +97.4% | -1.1% |
| 5-year return | +81.9% | +43.7% |
| Volatility (ann.) | 36.8% | 28.8% |
| Beta vs S&P 500 | 1.58 | 1.32 |
| Max drawdown (3Y) | -31.4% | -22.6% |
| Market cap | $55.5B | $58.8B |
| P/E (trailing) | 43.5 | 20.1 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | KEYS | TEL |
|---|---|---|
| 2022 | -17.2% | -27.7% |
| 2023 | -7.0% | +24.6% |
| 2024 | +1.0% | +3.5% |
| 2025 | +26.5% | +61.1% |
| 2026 | +60.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KEYS and TEL good diversifiers for each other?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KEYS and TEL?
The KEYS/TEL correlation stands at 0.54 on a 3-year window (1 year: 0.41, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is TEL a good diversifier for KEYS?
To a limited degree. At 0.54 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.54 mean?
A reading of 0.54 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/keys-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/keys-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KEYS correlations · TEL correlations
