PLD vs TFX: Correlation
How closely do Prologis (PLD) and Teleflex Incorporated (TFX) trade together? Their weekly returns over three years give a correlation of 0.46, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PLD and TFX?
On 3 years of weekly data the PLD/TFX correlation comes out at 0.46, moderate. The relationship has been stable: the 1-year correlation (0.44) sits close to the 3-year figure. The 5-year figure is 0.47, and annualized covariance runs at 412.1 %².
Among the 40 assets we track against PLD, TFX ranks #28 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PLD ahead by 22.5 points (+30.0% versus +7.5%).
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.
PLD vs TFX: side by side
| PLD (Prologis) | TFX (Teleflex Incorporated) | |
|---|---|---|
| 1-year return | +30.0% | +7.5% |
| 5-year return | +22.5% | -63.6% |
| Volatility (ann.) | 25.8% | 35.0% |
| Beta vs S&P 500 | 0.90 | 0.75 |
| Max drawdown (3Y) | -31.4% | -60.1% |
| Market cap | $137.9B | $5.8B |
| P/E (trailing) | 31.7 | – |
| Dividend yield | 2.92% | 0.98% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | PLD | TFX |
|---|---|---|
| 2022 | -31.3% | -23.6% |
| 2023 | +21.6% | +0.5% |
| 2024 | -18.1% | -28.2% |
| 2025 | +25.1% | -30.7% |
| 2026 | +12.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PLD and TFX good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between PLD and TFX?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.44 over the last year and 0.47 over 5 years.
Is TFX a good diversifier for PLD?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.46 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/pld-vs-tfx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pld-vs-tfx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PLD correlations · TFX correlations
