TCX vs TTEC: Correlation
Tucows Inc. (TCX) and TTEC Holdings, Inc. (TTEC) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TCX and TTEC?
Over the past 3 years, TCX and TTEC moved with a correlation of 0.41, which is moderate. Recent behaviour matches the longer record: 0.48 over 1 year against 0.41 over 3. Over 5 years the correlation is 0.37, and the annualized covariance of weekly returns is 2500.0 %².
Within TCX's tracked universe of 15 assets, TTEC comes in at #8 by 3-year correlation. The last year tells two different stories: TCX led by 15.1 percentage points, -47.3% for TCX against -62.4% for TTEC.
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.
TCX vs TTEC: side by side
| TCX (Tucows Inc.) | TTEC (TTEC Holdings, Inc.) | |
|---|---|---|
| 1-year return | -47.3% | -62.4% |
| 5-year return | -86.5% | -98.6% |
| Volatility (ann.) | 72.4% | 83.7% |
| Beta vs S&P 500 | 1.23 | 1.01 |
| Max drawdown (3Y) | -69.3% | -95.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TCX | TTEC |
|---|---|---|
| 2022 | -59.5% | -50.4% |
| 2023 | -20.4% | -49.1% |
| 2024 | -36.5% | -76.8% |
| 2025 | +30.8% | -27.9% |
| 2026 | -55.5% | -61.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TCX and TTEC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between TCX and TTEC?
The TCX/TTEC correlation stands at 0.41 on a 3-year window (1 year: 0.48, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is TTEC a good diversifier for TCX?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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/tcx-vs-ttec.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tcx-vs-ttec/)
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Related comparisons
Hubs: TCX correlations · TTEC correlations
