E vs TTE: Correlation
ENI S.p.A. (E) and TotalEnergies SE (TTE) show a very strong relationship: their 3-year correlation of weekly returns is 0.84.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are E and TTE?
On 3 years of weekly data the E/TTE correlation comes out at 0.84, very strong, meaning they move nearly in lockstep. The relationship has been stable: the 1-year correlation (0.87) sits close to the 3-year figure. The 5-year figure is 0.81, and annualized covariance runs at 410.4 %².
TTE is one of the assets that tracks E most closely: it ranks #1 out of the 11 assets we track against E. On 12-month performance E holds a 8.3-point edge, +53.3% against +45.0%.
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.
E vs TTE: side by side
| E (ENI S.p.A.) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +53.3% | +45.0% |
| 5-year return | +193.3% | +156.2% |
| Volatility (ann.) | 22.4% | 21.8% |
| Beta vs S&P 500 | 0.04 | 0.09 |
| Max drawdown (3Y) | -20.1% | -26.2% |
| Market cap | $76.7B | $191.0B |
| P/E (trailing) | 11.9 | 10.9 |
| Dividend yield | 0.99% | 4.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | E | TTE |
|---|---|---|
| 2022 | +10.9% | +34.6% |
| 2023 | +26.7% | +14.2% |
| 2024 | -14.0% | -14.7% |
| 2025 | +43.8% | +27.5% |
| 2026 | +43.5% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are E and TTE good diversifiers for each other?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
FAQ
What is the correlation between E and TTE?
As of 2026-08-27, the correlation of weekly returns between E and TTE is 0.84 over 3 years, 0.87 over 1 year and 0.81 over 5 years.
Is TTE a good diversifier for E?
Not really. At 0.84, the two trade almost as one position, and owning both buys little extra protection.
What does a correlation of 0.84 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/e-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/e-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: E correlations · TTE correlations
