SPY vs TTE: Correlation
SPDR S&P 500 ETF Trust (SPY) and TotalEnergies SE (TTE) show a near-zero relationship: their 3-year correlation of weekly returns is 0.06.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SPY and TTE?
On 3 years of weekly data the SPY/TTE correlation comes out at 0.06, near zero, meaning they move largely independently. The link has loosened recently: the 1-year correlation (-0.23) runs below the 3-year figure (0.06). The 5-year figure is 0.22, and annualized covariance runs at 18.8 %².
By 3-year correlation, TTE places #4353 of the 4755 assets tracked against SPY. Their recent paths diverged sharply: over the last 12 months TTE outperformed by 24.4 percentage points (+20.6% for SPY against +45.0% for TTE). Risk is not evenly split, since TTE carries 1.5 times the volatility of the other side.
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.
SPY vs TTE: side by side
| SPY (SPDR S&P 500 ETF Trust) | TTE (TotalEnergies SE) | |
|---|---|---|
| 1-year return | +20.6% | +45.0% |
| 5-year return | +82.4% | +156.2% |
| Volatility (ann.) | 14.5% | 21.8% |
| Beta vs S&P 500 | 1.00 | 0.09 |
| Max drawdown (3Y) | -18.8% | -26.2% |
| Market cap | – | $191.0B |
| P/E (trailing) | – | 10.9 |
| Dividend yield | 1.01% | 4.65% |
| Expense ratio | 0.09% | – |
| Assets under management | $795.3B | – |
| Sector / category | ETF · US Large Cap | US Listed |
On the fund side, SPY sits in the Large Blend category at State Street Investment Management, with $795.3B under management, 504 holdings, a 0.09% expense ratio, a 1.01% trailing dividend yield.
Year-by-year returns
| Year | SPY | TTE |
|---|---|---|
| 2022 | -18.2% | +34.6% |
| 2023 | +26.2% | +14.2% |
| 2024 | +24.9% | -14.7% |
| 2025 | +17.7% | +27.5% |
| 2026 | +13.7% | +33.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SPY and TTE good diversifiers for each other?
Yes. With a correlation of 0.06, SPY and TTE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between SPY and TTE?
Using weekly returns as of 2026-08-27: 0.06 over 3 years, with -0.23 over the last year and 0.22 over 5 years.
Is TTE a good diversifier for SPY?
Yes. With a correlation of 0.06, SPY and TTE have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.06 mean?
On the −1 to +1 scale, 0.06 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/spy-vs-tte.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/spy-vs-tte/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SPY correlations · TTE correlations
