COP vs TTE: Correlation
ConocoPhillips (COP) and TotalEnergies SE (TTE) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COP and TTE?
Over the past 3 years, COP and TTE moved with a correlation of 0.67, which is strong. Little has changed lately, as the 1-year reading of 0.71 lands near the 3-year figure. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 428.1 %².
By 3-year correlation, TTE places #20 of the 40 assets tracked against COP. The trailing year gives TTE the advantage: +36.5% versus +45.0%, a 8.5-point spread.
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.
COP vs TTE: side by side
| COP (ConocoPhillips) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +36.5% | +45.0% |
| 5-year return | +175.2% | +156.2% |
| Volatility (ann.) | 29.1% | 21.8% |
| Beta vs S&P 500 | 0.25 | 0.09 |
| Max drawdown (3Y) | -36.3% | -26.2% |
| Market cap | $155.6B | $191.0B |
| P/E (trailing) | 17.3 | 10.9 |
| Dividend yield | 2.53% | 4.65% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | COP | TTE |
|---|---|---|
| 2022 | +71.7% | +34.6% |
| 2023 | +2.0% | +14.2% |
| 2024 | -12.2% | -14.7% |
| 2025 | -2.3% | +27.5% |
| 2026 | +41.4% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COP and TTE good diversifiers for each other?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between COP and TTE?
The COP/TTE correlation stands at 0.67 on a 3-year window (1 year: 0.71, 5 years: 0.70), computed from weekly returns as of 2026-08-27.
Is TTE a good diversifier for COP?
To a limited degree. At 0.67 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.67 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/cop-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/cop-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: COP correlations · TTE correlations
