PRGS vs TTE: Correlation
How closely do Progress Software Corporation (PRGS) and TotalEnergies SE (TTE) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PRGS and TTE?
On 3 years of weekly data the PRGS/TTE correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.37 over 1 year against -0.27 over 3. The 5-year figure is -0.09, and annualized covariance runs at -227.1 %².
TTE is close to the least connected end of PRGS's tracked universe, ranking #13 of 14. Their recent paths diverged sharply: over the last 12 months TTE outperformed by 48.5 percentage points (-3.5% for PRGS against +45.0% for TTE). Note the risk asymmetry: PRGS runs 1.8 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
PRGS vs TTE: side by side
| PRGS (Progress Software Corporation) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | -3.5% | +45.0% |
| 5-year return | +1.2% | +156.2% |
| Volatility (ann.) | 38.3% | 21.8% |
| Beta vs S&P 500 | 0.62 | 0.09 |
| Max drawdown (3Y) | -64.1% | -26.2% |
| Market cap | $1.9B | $191.0B |
| P/E (trailing) | 22.0 | 10.9 |
| Dividend yield | 0.00% | 4.65% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PRGS | TTE |
|---|---|---|
| 2022 | +6.0% | +34.6% |
| 2023 | +8.9% | +14.2% |
| 2024 | +21.2% | -14.7% |
| 2025 | -34.1% | +27.5% |
| 2026 | +5.3% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PRGS and TTE good diversifiers for each other?
Yes. With a correlation of -0.27, PRGS and TTE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PRGS and TTE?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.37 over the last year and -0.09 over 5 years.
Is TTE a good diversifier for PRGS?
Yes. With a correlation of -0.27, PRGS and TTE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/prgs-vs-tte.json
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[](https://www.pairbook.io/pair/prgs-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PRGS correlations · TTE correlations
