TTE vs VEEV: Correlation
Measured on weekly returns over the past three years, TotalEnergies SE (TTE) and Veeva Systems (VEEV) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTE and VEEV?
Across a 3-year window, the weekly returns of TTE and VEEV correlate at -0.15, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.31) than the 3-year average (-0.15). Stretching to 5 years gives 0.00, with an annualized covariance of -134.0 %².
Among the 17 assets we track against TTE, VEEV ranks #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TTE outperformed by 48.9 percentage points (+45.0% for TTE against -3.9% for VEEV). Note the risk asymmetry: VEEV 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.
TTE vs VEEV: side by side
| TTE (TotalEnergies SE) | VEEV (Veeva Systems) | |
|---|---|---|
| 1-year return | +45.0% | -3.9% |
| 5-year return | +156.2% | -15.2% |
| Volatility (ann.) | 21.8% | 40.0% |
| Beta vs S&P 500 | 0.09 | 0.99 |
| Max drawdown (3Y) | -26.2% | -50.5% |
| Market cap | $191.0B | $45.8B |
| P/E (trailing) | 10.9 | 46.3 |
| Dividend yield | 4.65% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | TTE | VEEV |
|---|---|---|
| 2022 | +34.6% | -36.8% |
| 2023 | +14.2% | +19.3% |
| 2024 | -14.7% | +9.2% |
| 2025 | +27.5% | +6.2% |
| 2026 | +33.4% | +26.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTE and VEEV good diversifiers for each other?
Yes. With a correlation of -0.15, TTE and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between TTE and VEEV?
The TTE/VEEV correlation stands at -0.15 on a 3-year window (1 year: -0.31, 5 years: 0.00), computed from weekly returns as of 2026-08-27.
Is VEEV a good diversifier for TTE?
Yes. With a correlation of -0.15, TTE and VEEV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/tte-vs-veev.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/tte-vs-veev/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: TTE correlations · VEEV correlations
