LRCX vs TEL: Correlation
Lam Research (LRCX) and TE Connectivity (TEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are LRCX and TEL?
Across a 3-year window, the weekly returns of LRCX and TEL correlate at 0.47, moderate. Recent behaviour matches the longer record: 0.40 over 1 year against 0.47 over 3. Stretching to 5 years gives 0.58, with an annualized covariance of 632.4 %².
Within LRCX's tracked universe of 36 assets, TEL comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with LRCX ahead by 210.1 points (+209.0% versus -1.1%). Across three years, the rolling one-year figure varied moderately, from 0.29 to 0.71. One caveat on sizing: LRCX is 1.6 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
LRCX vs TEL: side by side
| LRCX (Lam Research) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +209.0% | -1.1% |
| 5-year return | +452.0% | +43.7% |
| Volatility (ann.) | 46.7% | 28.8% |
| Beta vs S&P 500 | 2.03 | 1.32 |
| Max drawdown (3Y) | -47.1% | -22.6% |
| Market cap | $398.6B | $58.8B |
| P/E (trailing) | 54.4 | 20.1 |
| Dividend yield | 0.33% | 1.42% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | LRCX | TEL |
|---|---|---|
| 2022 | -40.7% | -27.7% |
| 2023 | +88.6% | +24.6% |
| 2024 | -6.8% | +3.5% |
| 2025 | +139.2% | +61.1% |
| 2026 | +86.5% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are LRCX and TEL good diversifiers for each other?
Reasonably. At 0.47, LRCX and TEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between LRCX and TEL?
The LRCX/TEL correlation stands at 0.47 on a 3-year window (1 year: 0.40, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is TEL a good diversifier for LRCX?
Reasonably. At 0.47, LRCX and TEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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/lrcx-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/lrcx-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: LRCX correlations · TEL correlations
