KN vs TEL: Correlation
How closely do Knowles Corporation (KN) and TE Connectivity (TEL) trade together? Their weekly returns over three years give a correlation of 0.64, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KN and TEL?
Over the past 3 years, KN and TEL moved with a correlation of 0.64, which is strong. The past 12 months show a weaker link (0.42) than the 3-year average (0.64). Over 5 years the correlation is 0.60, and the annualized covariance of weekly returns is 671.6 %².
Among the 30 assets we track against KN, TEL ranks #9 by 3-year correlation. The last year tells two different stories: KN led by 63.0 percentage points, +61.9% for KN against -1.1% for TEL.
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.
KN vs TEL: side by side
| KN (Knowles Corporation) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +61.9% | -1.1% |
| 5-year return | +73.8% | +43.7% |
| Volatility (ann.) | 36.5% | 28.8% |
| Beta vs S&P 500 | 1.65 | 1.32 |
| Max drawdown (3Y) | -38.0% | -22.6% |
| Market cap | $3.0B | $58.8B |
| P/E (trailing) | 41.1 | 20.1 |
| Dividend yield | 0.00% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | KN | TEL |
|---|---|---|
| 2022 | -29.7% | -27.7% |
| 2023 | +9.1% | +24.6% |
| 2024 | +11.3% | +3.5% |
| 2025 | +7.5% | +61.1% |
| 2026 | +63.1% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KN and TEL good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between KN and TEL?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.42 over the last year and 0.60 over 5 years.
Is TEL a good diversifier for KN?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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/kn-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kn-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: KN correlations · TEL correlations
