APVO vs TTE: Correlation
Measured on weekly returns over the past three years, Aptevo Therapeutics Inc. (APVO) and TotalEnergies SE (TTE) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APVO and TTE?
Over the past 3 years, APVO and TTE moved with a correlation of -0.22, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.19) sits close to the 3-year figure. Over 5 years the correlation is -0.09, and the annualized covariance of weekly returns is -586.1 %².
Among the 12 assets we track against APVO, TTE sits near the bottom by co-movement, at rank #10. Correlation aside, the last 12 months split them widely, with TTE ahead by 137.5 points (-92.5% versus +45.0%). Note the risk asymmetry: APVO runs 5.6 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.
APVO vs TTE: side by side
| APVO (Aptevo Therapeutics Inc.) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | -92.5% | +45.0% |
| 5-year return | -100.0% | +156.2% |
| Volatility (ann.) | 121.4% | 21.8% |
| Beta vs S&P 500 | 0.17 | 0.09 |
| Max drawdown (3Y) | -100.0% | -26.2% |
| Market cap | – | $191.0B |
| P/E (trailing) | 0.0 | 10.9 |
| Dividend yield | 0.00% | 4.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | APVO | TTE |
|---|---|---|
| 2022 | -70.5% | +34.6% |
| 2023 | -92.2% | +14.2% |
| 2024 | -98.5% | -14.7% |
| 2025 | -99.4% | +27.5% |
| 2026 | -74.3% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APVO and TTE good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between APVO and TTE?
The APVO/TTE correlation stands at -0.22 on a 3-year window (1 year: -0.19, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is TTE a good diversifier for APVO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apvo-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/apvo-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: APVO correlations · TTE correlations
