MSI vs TDY: Correlation
How closely do Motorola Solutions (MSI) and Teledyne Technologies (TDY) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are MSI and TDY?
Over the past 3 years, MSI and TDY moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Over 5 years the correlation is 0.53, and the annualized covariance of weekly returns is 218.0 %².
Within MSI's tracked universe of 32 assets, TDY comes in at #12 by 3-year correlation. The trailing year gives TDY the advantage: +5.9% versus +15.7%, a 9.8-point spread. The relationship is regime-dependent: the rolling one-year correlation swung between 0.11 and 0.66 over the past three years, so this pair behaves very differently depending on the market environment.
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.
MSI vs TDY: side by side
| MSI (Motorola Solutions) | TDY (Teledyne Technologies) | |
|---|---|---|
| 1-year return | +5.9% | +15.7% |
| 5-year return | +111.1% | +36.5% |
| Volatility (ann.) | 22.1% | 22.0% |
| Beta vs S&P 500 | 0.61 | 0.76 |
| Max drawdown (3Y) | -27.0% | -18.8% |
| Market cap | $80.5B | $29.0B |
| P/E (trailing) | 38.5 | 30.7 |
| Dividend yield | 0.97% | 0.00% |
| Sector / category | Information Technology | Information Technology |
Year-by-year returns
| Year | MSI | TDY |
|---|---|---|
| 2022 | -3.8% | -8.5% |
| 2023 | +23.0% | +11.6% |
| 2024 | +49.1% | +4.0% |
| 2025 | -16.2% | +10.0% |
| 2026 | +27.6% | +22.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are MSI and TDY good diversifiers for each other?
Reasonably. At 0.45, MSI and TDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between MSI and TDY?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.43 over the last year and 0.53 over 5 years.
Is TDY a good diversifier for MSI?
Reasonably. At 0.45, MSI and TDY keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
A reading of 0.45 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/msi-vs-tdy.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/msi-vs-tdy/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: MSI correlations · TDY correlations
