TEL vs VEA: Correlation
How closely do TE Connectivity (TEL) and Vanguard FTSE Developed Markets ETF (VEA) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEL and VEA?
On 3 years of weekly data the TEL/VEA correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.62 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 290.7 %².
By 3-year correlation, VEA places #5 of the 36 assets tracked against TEL. The last year tells two different stories: VEA led by 29.6 percentage points, -1.1% for TEL against +28.5% for VEA. Across three years, the rolling one-year figure varied moderately, from 0.56 to 0.81. Note the risk asymmetry: TEL runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VEA: side by side
| TEL (TE Connectivity) | VEA (Vanguard FTSE Developed Markets ETF) | |
|---|---|---|
| 1-year return | -1.1% | +28.5% |
| 5-year return | +43.7% | +63.5% |
| Volatility (ann.) | 28.8% | 15.1% |
| Beta vs S&P 500 | 1.32 | 0.79 |
| Max drawdown (3Y) | -22.6% | -13.5% |
| Market cap | $58.8B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 1.42% | 2.56% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $314.9B |
| Sector / category | Information Technology | ETF · International |
VEA is a Foreign Large Blend fund from Vanguard: $314.9B under management, 3769 holdings, a 0.03% expense ratio, a 2.56% trailing dividend yield.
Year-by-year returns
| Year | TEL | VEA |
|---|---|---|
| 2022 | -27.7% | -15.3% |
| 2023 | +24.6% | +17.9% |
| 2024 | +3.5% | +3.1% |
| 2025 | +61.1% | +35.2% |
| 2026 | -9.8% | +18.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TEL and VEA good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TEL and VEA?
The TEL/VEA correlation stands at 0.67 on a 3-year window (1 year: 0.62, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is VEA a good diversifier for TEL?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 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/tel-vs-vea.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tel-vs-vea/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TEL correlations · VEA correlations
