ARQQ vs TTE: Correlation
How closely do Arqit Quantum Inc. (ARQQ) and TotalEnergies SE (TTE) trade together? Their weekly returns over three years give a correlation of -0.29, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARQQ and TTE?
On 3 years of weekly data the ARQQ/TTE correlation comes out at -0.29, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.53) runs below the 3-year figure (-0.29). The 5-year figure is -0.15, and annualized covariance runs at -845.6 %².
TTE is close to the least connected end of ARQQ's tracked universe, ranking #13 of 16. Their recent paths diverged sharply: over the last 12 months TTE outperformed by 74.4 percentage points (-29.4% for ARQQ against +45.0% for TTE). One caveat on sizing: ARQQ is 6.2 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ARQQ vs TTE: side by side
| ARQQ (Arqit Quantum Inc.) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | -29.4% | +45.0% |
| 5-year return | -91.4% | +156.2% |
| Volatility (ann.) | 135.6% | 21.8% |
| Beta vs S&P 500 | 3.18 | 0.09 |
| Max drawdown (3Y) | -86.7% | -26.2% |
| Market cap | $0.4B | $191.0B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 0.00% | 4.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARQQ | TTE |
|---|---|---|
| 2022 | -84.9% | +34.6% |
| 2023 | -86.9% | +14.2% |
| 2024 | +227.8% | -14.7% |
| 2025 | -43.7% | +27.5% |
| 2026 | -1.9% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARQQ and TTE good diversifiers for each other?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
FAQ
What is the correlation between ARQQ and TTE?
The ARQQ/TTE correlation stands at -0.29 on a 3-year window (1 year: -0.53, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is TTE a good diversifier for ARQQ?
By historical standards, yes. A correlation of -0.29 means the two rarely move for the same reasons.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/arqq-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/arqq-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARQQ correlations · TTE correlations
