TEL vs. GRMN
TEL (TE Connectivity Ltd.) and GRMN (Garmin Ltd.) are both stocks. Both are in the Technology sector — TEL in Electronic Components, GRMN in Scientific & Technical Instruments. Over the past 10 years, TEL returned 15.34%/yr vs 22.02%/yr for GRMN. At a 0.50 correlation, their price movements are largely independent.
Performance
TEL vs. GRMN - Performance Comparison
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Returns By Period
In the year-to-date period, TEL achieves a -6.89% return, which is significantly lower than GRMN's 17.83% return. Over the past 10 years, TEL has underperformed GRMN with an annualized return of 15.34%, while GRMN has yielded a comparatively higher 22.02% annualized return.
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
- 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 vs. GRMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TEL TE Connectivity Ltd. | -6.89% | 61.60% | 3.51% | 24.62% | -27.66% | 35.12% | 28.95% | 29.37% | -18.87% | 39.88% |
GRMN Garmin Ltd. | 17.83% | -0.06% | 63.25% | 43.12% | -30.20% | 15.90% | 25.86% | 58.13% | 9.84% | 27.60% |
Correlation
The correlation between TEL and GRMN 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 TEL and GRMN shifts across timeframes, from 0.45 (1 year) to 0.58 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TEL:
$62.06B
GRMN:
$46.09B
TEL:
$9.78
GRMN:
$8.97
TEL:
21.50
GRMN:
26.55
TEL:
3.98
GRMN:
2.13
TEL:
3.37
GRMN:
6.18
TEL:
4.69
GRMN:
4.97
TEL:
$18.52B
GRMN:
$7.46B
TEL:
$6.55B
GRMN:
$4.41B
TEL:
$4.47B
GRMN:
$2.26B
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Return for Risk
TEL vs. GRMN — Risk / Return Rank
TEL
GRMN
TEL vs. GRMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TE Connectivity Ltd. (TEL) and Garmin Ltd. (GRMN). 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.
| TEL | GRMN | 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 | 1.18 | 1.12 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 0.58 | +0.79 |
| Martin ratioReturn relative to average drawdown | 3.07 | 1.27 | +1.81 |
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Drawdowns
TEL vs. GRMN - Drawdown Comparison
The maximum TEL drawdown since its inception was -81.07%, smaller than the maximum GRMN drawdown of -87.71%. Use the drawdown chart below to compare losses from any high point for TEL and GRMN.
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Drawdown Indicators
| TEL | GRMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.07% | -87.71% | +6.64% |
Max Drawdown (1Y)Largest decline over 1 year | -20.85% | -27.97% | +7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -22.60% | -27.97% | +5.37% |
Max Drawdown (5Y)Largest decline over 5 years | -34.26% | -54.63% | +20.37% |
Max Drawdown (10Y)Largest decline over 10 years | -47.71% | -54.63% | +6.92% |
Current DrawdownCurrent decline from peak | -14.72% | -11.00% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -13.63% | -31.54% | +17.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.29% | 12.79% | -3.50% |
Volatility
TEL vs. GRMN - Volatility Comparison
TE Connectivity Ltd. (TEL) has a higher volatility of 10.11% compared to Garmin Ltd. (GRMN) at 8.24%. This indicates that TEL's price experiences larger fluctuations and is considered to be riskier than GRMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TEL | GRMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.11% | 8.24% | +1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 28.10% | 22.18% | +5.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.13% | 30.32% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.12% | 30.41% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.39% | 28.36% | +0.03% |
Dividends
TEL vs. GRMN - Dividend Comparison
TEL's dividend yield for the trailing twelve months is around 1.38%, less than GRMN's 1.51% 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
TEL vs. GRMN - Financials Comparison
This section allows you to compare key financial metrics between TE Connectivity Ltd. and Garmin 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
TEL vs. GRMN - Profitability Comparison
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 - 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 - 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 - 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 - 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%.
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%.
Frequently Asked Questions
TEL and GRMN 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, TEL dropped -81.07% vs GRMN's -87.71%.
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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