TTE vs WKSP: Correlation
How closely do TotalEnergies SE (TTE) and Worksport, Ltd. (WKSP) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTE and WKSP?
On 3 years of weekly data the TTE/WKSP correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.44 versus -0.23 over 3 years. The 5-year figure is -0.07, and annualized covariance runs at -535.1 %².
Out of 17 assets tracked against TTE, WKSP lands near the bottom at #14. Correlation aside, the last 12 months split them widely, with TTE ahead by 124.5 points (+45.0% versus -79.5%). Note the risk asymmetry: WKSP runs 5.0 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 WKSP: side by side
| TTE (TotalEnergies SE) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | +45.0% | -79.5% |
| 5-year return | +156.2% | -98.8% |
| Volatility (ann.) | 21.8% | 108.8% |
| Beta vs S&P 500 | 0.09 | 1.80 |
| Max drawdown (3Y) | -26.2% | -98.4% |
| Market cap | $191.0B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.65% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | TTE | WKSP |
|---|---|---|
| 2022 | +34.6% | -58.9% |
| 2023 | +14.2% | +49.7% |
| 2024 | -14.7% | -38.3% |
| 2025 | +27.5% | -76.8% |
| 2026 | +33.4% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTE and WKSP good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between TTE and WKSP?
As of 2026-08-27, the correlation of weekly returns between TTE and WKSP is -0.23 over 3 years, -0.44 over 1 year and -0.07 over 5 years.
Is WKSP a good diversifier for TTE?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 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
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Related comparisons
Hubs: TTE correlations · WKSP correlations
