FTI vs TDW: Correlation
Measured on weekly returns over the past three years, TechnipFMC plc (FTI) and Tidewater Inc. (TDW) carry a correlation of 0.65, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTI and TDW?
Over the past 3 years, FTI and TDW moved with a correlation of 0.65, which is strong. Recent behaviour matches the longer record: 0.71 over 1 year against 0.65 over 3. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 1098.7 %².
Among the 14 assets we track against FTI, TDW ranks #7 by 3-year correlation. The last year tells two different stories: FTI led by 56.2 percentage points, +109.4% for FTI against +53.2% for TDW.
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 TDW: side by side
| FTI (TechnipFMC plc) | TDW (Tidewater Inc.) | |
|---|---|---|
| 1-year return | +109.4% | +53.2% |
| 5-year return | +1078.9% | +724.8% |
| Volatility (ann.) | 36.4% | 46.4% |
| Beta vs S&P 500 | 0.70 | 0.92 |
| Max drawdown (3Y) | -28.9% | -70.3% |
| Market cap | $29.9B | $4.6B |
| P/E (trailing) | 26.5 | 18.0 |
| Dividend yield | 0.26% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTI | TDW |
|---|---|---|
| 2022 | +105.9% | +244.1% |
| 2023 | +66.1% | +95.7% |
| 2024 | +44.8% | -24.1% |
| 2025 | +54.9% | -7.7% |
| 2026 | +71.6% | +84.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTI and TDW good diversifiers for each other?
To a limited degree. At 0.65 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 FTI and TDW?
As of 2026-08-27, the correlation of weekly returns between FTI and TDW is 0.65 over 3 years, 0.71 over 1 year and 0.61 over 5 years.
Is TDW a good diversifier for FTI?
To a limited degree. At 0.65 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 0.65 mean?
A reading of 0.65 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/fti-vs-tdw.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/fti-vs-tdw/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: FTI correlations · TDW correlations
