RELL vs TEL: Correlation
Richardson Electronics, Ltd. (RELL) and TE Connectivity (TEL) show a moderate relationship: their 3-year correlation of weekly returns is 0.43.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are RELL and TEL?
On 3 years of weekly data the RELL/TEL correlation comes out at 0.43, moderate. The relationship has been stable: the 1-year correlation (0.43) sits close to the 3-year figure. The 5-year figure is 0.44, and annualized covariance runs at 526.7 %².
By 3-year correlation, TEL places #5 of the 11 assets tracked against RELL. The last year tells two different stories: RELL led by 86.7 percentage points, +85.6% for RELL 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.
RELL vs TEL: side by side
| RELL (Richardson Electronics, Ltd.) | TEL (TE Connectivity) | |
|---|---|---|
| 1-year return | +85.6% | -1.1% |
| 5-year return | +131.1% | +43.7% |
| Volatility (ann.) | 42.1% | 28.8% |
| Beta vs S&P 500 | 0.78 | 1.32 |
| Max drawdown (3Y) | -45.1% | -22.6% |
| Market cap | $0.3B | $58.8B |
| P/E (trailing) | 40.0 | 20.1 |
| Dividend yield | 1.35% | 1.42% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | RELL | TEL |
|---|---|---|
| 2022 | +60.3% | -27.7% |
| 2023 | -36.4% | +24.6% |
| 2024 | +7.4% | +3.5% |
| 2025 | -20.6% | +61.1% |
| 2026 | +67.4% | -9.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are RELL and TEL good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between RELL and TEL?
As of 2026-08-27, the correlation of weekly returns between RELL and TEL is 0.43 over 3 years, 0.43 over 1 year and 0.44 over 5 years.
Is TEL a good diversifier for RELL?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/rell-vs-tel.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/rell-vs-tel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: RELL correlations · TEL correlations
