TTE vs XLE: Correlation
TotalEnergies SE (TTE) and Energy Select Sector SPDR Fund (XLE) show a strong relationship: their 3-year correlation of weekly returns is 0.67.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TTE and XLE?
On 3 years of weekly data the TTE/XLE correlation comes out at 0.67, strong. Little has changed lately, as the 1-year reading of 0.67 lands near the 3-year figure. The 5-year figure is 0.70, and annualized covariance runs at 337.8 %².
By 3-year correlation, XLE places #5 of the 17 assets tracked against TTE. Neither side won the trailing year by much: +45.0% against +44.0%.
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 XLE: side by side
| TTE (TotalEnergies SE) | XLE (Energy Select Sector SPDR Fund) | |
|---|---|---|
| 1-year return | +45.0% | +44.0% |
| 5-year return | +156.2% | +206.7% |
| Volatility (ann.) | 21.8% | 23.1% |
| Beta vs S&P 500 | 0.09 | 0.27 |
| Max drawdown (3Y) | -26.2% | -20.1% |
| Market cap | $191.0B | – |
| P/E (trailing) | 10.9 | – |
| Dividend yield | 4.65% | 2.55% |
| Expense ratio | – | 0.08% |
| Assets under management | – | $39.2B |
| Sector / category | US Listed | Sector ETF |
XLE is an Equity Energy fund from State Street Investment Management: $39.2B under management, 22 holdings, a 0.08% expense ratio, a 2.55% trailing dividend yield.
Year-by-year returns
| Year | TTE | XLE |
|---|---|---|
| 2022 | +34.6% | +64.3% |
| 2023 | +14.2% | -0.6% |
| 2024 | -14.7% | +5.6% |
| 2025 | +27.5% | +7.9% |
| 2026 | +33.4% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TTE and XLE good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TTE and XLE?
As of 2026-08-27, the correlation of weekly returns between TTE and XLE is 0.67 over 3 years, 0.67 over 1 year and 0.70 over 5 years.
Is XLE a good diversifier for TTE?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 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/tte-vs-xle.json
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Related comparisons
Hubs: TTE correlations · XLE correlations
