FTI vs SLB: Correlation
TechnipFMC plc (FTI) and Schlumberger (SLB) show a strong relationship: their 3-year correlation of weekly returns is 0.73.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and SLB?
On 3 years of weekly data the FTI/SLB correlation comes out at 0.73, strong. Little has changed lately, as the 1-year reading of 0.76 lands near the 3-year figure. The 5-year figure is 0.72, and annualized covariance runs at 929.7 %².
Few assets follow FTI as closely as SLB, which ranks #3 of 14 tracked partners. Correlation aside, the last 12 months split them widely, with FTI ahead by 52.3 points (+109.4% versus +57.1%).
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.
FTI vs SLB: side by side
| FTI (TechnipFMC plc) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | +109.4% | +57.1% |
| 5-year return | +1078.9% | +117.1% |
| Volatility (ann.) | 36.4% | 35.1% |
| Beta vs S&P 500 | 0.70 | 0.57 |
| Max drawdown (3Y) | -28.9% | -46.6% |
| Market cap | $29.9B | $81.6B |
| P/E (trailing) | 26.5 | 26.2 |
| Dividend yield | 0.26% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | FTI | SLB |
|---|---|---|
| 2022 | +105.9% | +81.2% |
| 2023 | +66.1% | -0.8% |
| 2024 | +44.8% | -24.5% |
| 2025 | +54.9% | +3.3% |
| 2026 | +71.6% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and SLB good diversifiers for each other?
Only partially. A correlation of 0.73 means FTI and SLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between FTI and SLB?
As of 2026-08-27, the correlation of weekly returns between FTI and SLB is 0.73 over 3 years, 0.76 over 1 year and 0.72 over 5 years.
Is SLB a good diversifier for FTI?
Only partially. A correlation of 0.73 means FTI and SLB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.73 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.
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Related comparisons
Hubs: FTI correlations · SLB correlations
