TEL vs TWFG: Correlation
Measured on weekly returns over the past three years, TE Connectivity (TEL) and TWFG, Inc. (TWFG) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEL and TWFG?
Across a 3-year window, the weekly returns of TEL and TWFG correlate at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.37) runs below the 3-year figure (-0.18). Stretching to 5 years gives n/a, with an annualized covariance of -252.5 %².
Among the 36 assets we track against TEL, TWFG ranks #31 by 3-year correlation. Over the last 12 months TWFG came out ahead by 5.7 percentage points (-1.1% against +4.6%).
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.
TEL vs TWFG: side by side
| TEL (TE Connectivity) | TWFG (TWFG, Inc.) | |
|---|---|---|
| 1-year return | -1.1% | +4.6% |
| 5-year return | +43.7% | n/a |
| Volatility (ann.) | 28.8% | 43.1% |
| Beta vs S&P 500 | 1.32 | 0.36 |
| Max drawdown (3Y) | -22.6% | -52.7% |
| Market cap | $58.8B | $0.4B |
| P/E (trailing) | 20.1 | 52.2 |
| Dividend yield | 1.42% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | TEL | TWFG |
|---|---|---|
| 2022 | -27.7% | – |
| 2023 | +24.6% | – |
| 2024 | +3.5% | – |
| 2025 | +61.1% | -6.6% |
| 2026 | -9.8% | +1.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEL and TWFG good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between TEL and TWFG?
Using weekly returns as of 2026-08-27: -0.18 over 3 years, with -0.37 over the last year and n/a over 5 years.
Is TWFG a good diversifier for TEL?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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/tel-vs-twfg.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tel-vs-twfg/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TEL correlations · TWFG correlations
