GRMN vs. TEL
GRMN (Garmin Ltd.) and TEL (TE Connectivity Ltd.) are both stocks. Both are in the Technology sector — GRMN in Scientific & Technical Instruments, TEL in Electronic Components. Over the past 10 years, GRMN returned 22.02%/yr vs 15.34%/yr for TEL. At a 0.50 correlation, their price movements are largely independent.
Performance
GRMN vs. TEL - Performance Comparison
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Returns By Period
In the year-to-date period, GRMN achieves a 17.83% return, which is significantly higher than TEL's -6.89% return. Over the past 10 years, GRMN has outperformed TEL with an annualized return of 22.02%, while TEL has yielded a comparatively lower 15.34% annualized return.
GRMN
- 1D
- -0.20%
- 1M
- 2.62%
- YTD
- 17.83%
- 6M
- 14.71%
- 1Y
- 16.14%
- 3Y*
- 32.81%
- 5Y*
- 12.86%
- 10Y*
- 22.02%
TEL
- 1D
- 1.27%
- 1M
- 1.70%
- YTD
- -6.89%
- 6M
- -7.96%
- 1Y
- 28.49%
- 3Y*
- 18.61%
- 5Y*
- 10.72%
- 10Y*
- 15.34%
GRMN vs. TEL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 17.83% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
TEL TE Connectivity Ltd. | -6.89% | 61.60% | 3.51% | 24.62% | -27.66% | 35.12% | 28.95% | 29.37% | -18.87% | 39.88% |
Correlation
The correlation between GRMN and TEL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.50 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.58 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007 | 0.50 |
The correlation between GRMN and TEL shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
GRMN:
$46.09B
TEL:
$62.06B
GRMN:
$8.97
TEL:
$9.78
GRMN:
26.55
TEL:
21.50
GRMN:
2.13
TEL:
3.98
GRMN:
6.18
TEL:
3.37
GRMN:
4.97
TEL:
4.69
GRMN:
$7.46B
TEL:
$18.52B
GRMN:
$4.41B
TEL:
$6.55B
GRMN:
$2.26B
TEL:
$4.47B
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Return for Risk
GRMN vs. TEL — Risk / Return Rank
GRMN
TEL
GRMN vs. TEL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Garmin Ltd. (GRMN) and TE Connectivity Ltd. (TEL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GRMN | TEL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.30 | ||
| Sortino ratioReturn per unit of downside risk | -0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.18 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.58 | 1.37 | -0.79 |
| Martin ratioReturn relative to average drawdown | 1.27 | 3.07 | -1.81 |
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Drawdowns
GRMN vs. TEL - Drawdown Comparison
The maximum GRMN drawdown since its inception was -87.71%, which is greater than TEL's maximum drawdown of -81.07%. Use the drawdown chart below to compare losses from any high point for GRMN and TEL.
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Drawdown Indicators
| GRMN | TEL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.71% | -81.07% | -6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -27.97% | -20.85% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.97% | -22.60% | -5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -54.63% | -34.26% | -20.37% |
Max Drawdown (10Y)Largest decline over 10 years | -54.63% | -47.71% | -6.92% |
Current DrawdownCurrent decline from peak | -11.00% | -14.72% | +3.72% |
Average DrawdownAverage peak-to-trough decline | -31.54% | -13.63% | -17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 12.79% | 9.29% | +3.50% |
Volatility
GRMN vs. TEL - Volatility Comparison
The current volatility for Garmin Ltd. (GRMN) is 8.24%, while TE Connectivity Ltd. (TEL) has a volatility of 10.11%. This indicates that GRMN experiences smaller price fluctuations and is considered to be less risky than TEL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRMN | TEL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 10.11% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 22.18% | 28.10% | -5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.32% | 34.13% | -3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.41% | 28.12% | +2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.36% | 28.39% | -0.03% |
Dividends
GRMN vs. TEL - Dividend Comparison
GRMN's dividend yield for the trailing twelve months is around 1.51%, more than TEL's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRMN Garmin Ltd. | 1.51% | 1.70% | 1.44% | 2.27% | 3.10% | 1.92% | 2.01% | 2.30% | 3.32% | 3.42% | 4.21% | 5.41% |
TEL TE Connectivity Ltd. | 1.38% | 1.22% | 1.78% | 1.66% | 1.90% | 1.23% | 1.57% | 1.90% | 2.27% | 1.65% | 2.08% | 1.98% |
Financials
GRMN vs. TEL - Financials Comparison
This section allows you to compare key financial metrics between Garmin Ltd. and TE Connectivity Ltd.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
GRMN vs. TEL - Profitability Comparison
GRMN - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a gross profit of 1.04B and revenue of 1.75B. Therefore, the gross margin over that period was 59.4%.
TEL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TE Connectivity Ltd. reported a gross profit of 1.75B and revenue of 4.74B. Therefore, the gross margin over that period was 36.8%.
GRMN - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported an operating income of 431.67M and revenue of 1.75B, resulting in an operating margin of 24.6%.
TEL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TE Connectivity Ltd. reported an operating income of 954.00M and revenue of 4.74B, resulting in an operating margin of 20.1%.
GRMN - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Garmin Ltd. reported a net income of 405.08M and revenue of 1.75B, resulting in a net margin of 23.1%.
TEL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TE Connectivity Ltd. reported a net income of 855.00M and revenue of 4.74B, resulting in a net margin of 18.0%.
Frequently Asked Questions
GRMN and TEL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TEL has higher volatility (10.11%) compared to GRMN (8.24%). In terms of maximum drawdown, GRMN dropped -87.71% vs TEL's -81.07%.
TEL currently has the higher Sharpe Ratio (0.84 vs 0.53), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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