TEL vs VOO: Correlation
How closely do TE Connectivity (TEL) and Vanguard S&P 500 ETF (VOO) trade together? Their weekly returns over three years give a correlation of 0.66, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TEL and VOO?
Over the past 3 years, TEL and VOO moved with a correlation of 0.66, which is strong. The past 12 months show a weaker link (0.52) than the 3-year average (0.66). Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 273.8 %².
Within TEL's tracked universe of 36 assets, VOO comes in at #13 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months VOO outperformed by 21.7 percentage points (-1.1% for TEL against +20.6% for VOO). The rolling one-year correlation moved between 0.46 and 0.85 over the past three years, a moderate range. Note the risk asymmetry: TEL runs 2.0 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 VOO: side by side
| TEL (TE Connectivity) | VOO (Vanguard S&P 500 ETF) | |
|---|---|---|
| 1-year return | -1.1% | +20.6% |
| 5-year return | +43.7% | +83.0% |
| Volatility (ann.) | 28.8% | 14.4% |
| Beta vs S&P 500 | 1.32 | 0.99 |
| Max drawdown (3Y) | -22.6% | -18.7% |
| Market cap | $58.8B | – |
| P/E (trailing) | 20.1 | – |
| Dividend yield | 1.42% | 1.07% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $1,686.9B |
| Sector / category | Information Technology | ETF · US Large Cap |
VOO, Vanguard's Large Blend fund, carries $1,686.9B under management, 503 holdings, a 0.03% expense ratio, a 1.07% trailing dividend yield.
Year-by-year returns
| Year | TEL | VOO |
|---|---|---|
| 2022 | -27.7% | -18.2% |
| 2023 | +24.6% | +26.3% |
| 2024 | +3.5% | +25.0% |
| 2025 | +61.1% | +17.8% |
| 2026 | -9.8% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
A structural note: 0.09% of VOO is TEL itself, so the fund partly moves with the stock by construction.
Are TEL and VOO good diversifiers for each other?
Only partially. A correlation of 0.66 means TEL and VOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between TEL and VOO?
The TEL/VOO correlation stands at 0.66 on a 3-year window (1 year: 0.52, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is VOO a good diversifier for TEL?
Only partially. A correlation of 0.66 means TEL and VOO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 mean?
On the −1 to +1 scale, 0.66 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.
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Related comparisons
Hubs: TEL correlations · VOO correlations
