DVN vs TTE: Correlation
Measured on weekly returns over the past three years, Devon Energy (DVN) and TotalEnergies SE (TTE) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DVN and TTE?
On 3 years of weekly data the DVN/TTE correlation comes out at 0.68, strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.68 over 3. The 5-year figure is 0.68, and annualized covariance runs at 510.4 %².
Among the 42 assets we track against DVN, TTE ranks #25 by 3-year correlation. Over the last 12 months TTE came out ahead by 9.1 percentage points (+35.9% against +45.0%). One caveat on sizing: DVN is 1.6 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.
DVN vs TTE: side by side
| DVN (Devon Energy) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +35.9% | +45.0% |
| 5-year return | +102.7% | +156.2% |
| Volatility (ann.) | 34.3% | 21.8% |
| Beta vs S&P 500 | 0.16 | 0.09 |
| Max drawdown (3Y) | -49.2% | -26.2% |
| Market cap | $51.8B | $191.0B |
| P/E (trailing) | 10.2 | 10.9 |
| Dividend yield | 2.22% | 4.65% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | DVN | TTE |
|---|---|---|
| 2022 | +50.9% | +34.6% |
| 2023 | -21.8% | +14.2% |
| 2024 | -25.2% | -14.7% |
| 2025 | +15.0% | +27.5% |
| 2026 | +30.2% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DVN and TTE good diversifiers for each other?
To a limited degree. At 0.68 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 DVN and TTE?
As of 2026-08-27, the correlation of weekly returns between DVN and TTE is 0.68 over 3 years, 0.68 over 1 year and 0.68 over 5 years.
Is TTE a good diversifier for DVN?
To a limited degree. At 0.68 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 0.68 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/dvn-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/dvn-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DVN correlations · TTE correlations
