TEL vs. INCY

Last updated Jun 9, 2026

TEL (TE Connectivity Ltd.) and INCY (Incyte Corporation) are both stocks. TEL operates in Electronic Components (Technology), while INCY operates in Biotechnology (Healthcare). Over the past 10 years, TEL returned 14.89%/yr vs 2.27%/yr for INCY. At a 0.32 correlation, their price movements are largely independent.

Performance

TEL vs. INCY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TE Connectivity Ltd. (TEL) and Incyte Corporation (INCY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TEL achieves a -9.00% return, which is significantly lower than INCY's 1.89% return. Over the past 10 years, TEL has outperformed INCY with an annualized return of 14.89%, while INCY has yielded a comparatively lower 2.27% annualized return.

TEL

• 1D: -3.31%
• 1M: 0.10%
• YTD: -9.00%
• 6M: -11.51%
• 1Y: 26.61%
• 3Y*: 19.02%
• 5Y*: 10.43%
• 10Y*: 14.89%

INCY

• 1D: -1.70%
• 1M: 2.11%
• YTD: 1.89%
• 6M: 4.07%
• 1Y: 46.34%
• 3Y*: 18.14%
• 5Y*: 3.15%
• 10Y*: 2.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TEL vs. INCY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TEL TE Connectivity Ltd.	-9.00%	61.60%	3.51%	24.62%	-27.66%	35.12%	28.95%	29.37%	-18.87%	39.88%
INCY Incyte Corporation	1.89%	43.00%	10.00%	-21.83%	9.43%	-15.61%	-0.39%	37.32%	-32.86%	-5.55%

Correlation

The correlation between TEL and INCY is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.23
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.27
Correlation (All Time) Calculated using the full available price history since Jul 2, 2007	0.32

Fundamentals

Market Cap TEL : $60.65B INCY : $20.82B
EPS TEL : $9.78 INCY : $7.06
PE Ratio TEL : 21.01 INCY : 14.26
PEG Ratio TEL : 3.89 INCY : 0.01
PS Ratio TEL : 3.30 INCY : 3.81
PB Ratio TEL : 4.58 INCY : 3.70
Total Revenue (TTM) TEL : $18.52B INCY : $5.36B
Gross Profit (TTM) TEL : $6.55B INCY : $3.76B
EBITDA (TTM) TEL : $4.47B INCY : $1.80B

Return for Risk

TEL vs. INCY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TEL

TEL Risk / Return Rank: 65
TEL Sharpe Ratio Rank: 68
TEL Sortino Ratio Rank: 61
TEL Omega Ratio Rank: 62
TEL Calmar Ratio Rank: 67
TEL Martin Ratio Rank: 67

INCY

INCY Risk / Return Rank: 79
INCY Sharpe Ratio Rank: 81
INCY Sortino Ratio Rank: 79
INCY Omega Ratio Rank: 77
INCY Calmar Ratio Rank: 80
INCY Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TEL vs. INCY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TE Connectivity Ltd. (TEL) and Incyte Corporation (INCY). 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.

	TEL	INCY	Difference
Sharpe ratio: Return per unit of total volatility	0.79	1.41	-0.62
Sortino ratio: Return per unit of downside risk	1.23	2.15	-0.91
Omega ratio: Gain probability vs. loss probability	1.17	1.26	-0.09
Calmar ratio: Return relative to maximum drawdown	1.28	2.54	-1.26
Martin ratio: Return relative to average drawdown	2.94	5.67	-2.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TEL vs. INCY - Sharpe Ratio Comparison

The current TEL Sharpe Ratio is 0.79, which is lower than the INCY Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of TEL and INCY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TEL	INCY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.79	1.41	-0.62
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.37	0.11	+0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.07	+0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.21	+0.17

Drawdowns

TEL vs. INCY - Drawdown Comparison

The maximum TEL drawdown since its inception was -81.07%, smaller than the maximum INCY drawdown of -98.54%. Use the drawdown chart below to compare losses from any high point for TEL and INCY.

Drawdown Indicators

	TEL	INCY	Difference
Max Drawdown Largest peak-to-trough decline	-81.07%	-98.54%	+17.47%
Max Drawdown (1Y) Largest decline over 1 year	-20.85%	-18.33%	-2.52%
Max Drawdown (3Y) Largest decline over 3 years	-22.60%	-33.83%	+11.23%
Max Drawdown (5Y) Largest decline over 5 years	-34.26%	-41.53%	+7.27%
Max Drawdown (10Y) Largest decline over 10 years	-47.71%	-66.47%	+18.76%
Current Drawdown Current decline from peak	-16.66%	-34.08%	+17.42%
Average Drawdown Average peak-to-trough decline	-13.63%	-59.91%	+46.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.08%	8.19%	+0.89%

Volatility

TEL vs. INCY - Volatility Comparison

TE Connectivity Ltd. (TEL) and Incyte Corporation (INCY) have volatilities of 9.59% and 9.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TEL	INCY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.59%	9.23%	+0.36%
Volatility (6M) Calculated over the trailing 6-month period	27.70%	23.30%	+4.40%
Volatility (1Y) Calculated over the trailing 1-year period	33.71%	33.04%	+0.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.02%	29.41%	-1.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.35%	34.28%	-5.93%

Dividends

TEL vs. INCY - Dividend Comparison

TEL's dividend yield for the trailing twelve months is around 1.42%, while INCY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INCY Incyte Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TEL TE Connectivity Ltd.	1.42%	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. INCY - Profitability Comparison

The chart below illustrates the profitability comparison between TE Connectivity Ltd. and Incyte Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

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%.

INCY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a gross profit of 0.00 and revenue of 1.27B. Therefore, the gross margin over that period was 0.0%.

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%.

INCY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported an operating income of 301.12M and revenue of 1.27B, resulting in an operating margin of 23.7%.

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%.

INCY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Incyte Corporation reported a net income of 303.33M and revenue of 1.27B, resulting in a net margin of 23.8%.

Frequently Asked Questions

Can I hold both TEL and INCY in my portfolio?

TEL and INCY have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TEL or INCY?

TEL has higher volatility (9.59%) compared to INCY (9.23%). In terms of maximum drawdown, TEL dropped -81.07% vs INCY's -98.54%.

Which has better risk-adjusted returns?

INCY currently has the higher Sharpe Ratio (1.41 vs 0.79), 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.