BP vs TTE: Correlation
Measured on weekly returns over the past three years, BP p.l.c. (BP) and TotalEnergies SE (TTE) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BP and TTE?
Across a 3-year window, the weekly returns of BP and TTE correlate at 0.73, strong. The relationship has been stable: the 1-year correlation (0.74) sits close to the 3-year figure. Stretching to 5 years gives 0.80, with an annualized covariance of 423.7 %².
By 3-year correlation, TTE places #5 of the 26 assets tracked against BP. The last year tells two different stories: TTE led by 17.4 percentage points, +27.6% for BP against +45.0% for TTE.
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.
BP vs TTE: side by side
| BP (BP p.l.c.) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +27.6% | +45.0% |
| 5-year return | +119.9% | +156.2% |
| Volatility (ann.) | 26.6% | 21.8% |
| Beta vs S&P 500 | 0.06 | 0.09 |
| Max drawdown (3Y) | -30.6% | -26.2% |
| Market cap | $109.0B | $191.0B |
| P/E (trailing) | 20.3 | 10.9 |
| Dividend yield | 0.79% | 4.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BP | TTE |
|---|---|---|
| 2022 | +37.0% | +34.6% |
| 2023 | +6.0% | +14.2% |
| 2024 | -11.8% | -14.7% |
| 2025 | +24.5% | +27.5% |
| 2026 | +26.4% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BP and TTE good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between BP and TTE?
The BP/TTE correlation stands at 0.73 on a 3-year window (1 year: 0.74, 5 years: 0.80), computed from weekly returns as of 2026-08-27.
Is TTE a good diversifier for BP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
A reading of 0.73 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bp-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bp-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BP correlations · TTE correlations
