TSEM vs TTMI: Correlation
Tower Semiconductor Ltd. (TSEM) and TTM Technologies, Inc. (TTMI) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TSEM and TTMI?
Across a 3-year window, the weekly returns of TSEM and TTMI correlate at 0.49, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. Stretching to 5 years gives 0.42, with an annualized covariance of 1547.5 %².
Within TSEM's tracked universe of 14 assets, TTMI comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with TSEM ahead by 92.3 points (+272.6% versus +180.3%).
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.
TSEM vs TTMI: side by side
| TSEM (Tower Semiconductor Ltd.) | TTMI (TTM Technologies, Inc.) | |
|---|---|---|
| 1-year return | +272.6% | +180.3% |
| 5-year return | +648.0% | +785.9% |
| Volatility (ann.) | 52.1% | 60.7% |
| Beta vs S&P 500 | 1.55 | 2.23 |
| Max drawdown (3Y) | -45.8% | -54.0% |
| Market cap | $24.8B | $13.1B |
| P/E (trailing) | 87.6 | 54.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TSEM | TTMI |
|---|---|---|
| 2022 | +8.9% | +1.2% |
| 2023 | -29.4% | +4.8% |
| 2024 | +68.8% | +56.5% |
| 2025 | +128.0% | +178.8% |
| 2026 | +87.2% | +80.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TSEM and TTMI good diversifiers for each other?
Reasonably. At 0.49, TSEM and TTMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between TSEM and TTMI?
The TSEM/TTMI correlation stands at 0.49 on a 3-year window (1 year: 0.49, 5 years: 0.42), computed from weekly returns as of 2026-08-27.
Is TTMI a good diversifier for TSEM?
Reasonably. At 0.49, TSEM and TTMI keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.49 mean?
On the −1 to +1 scale, 0.49 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/tsem-vs-ttmi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tsem-vs-ttmi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TSEM correlations · TTMI correlations
