MT vs. TTE

Last updated Jun 3, 2026

MT (ArcelorMittal) and TTE (TotalEnergies SE) are both stocks. MT operates in Steel (Basic Materials), while TTE operates in Oil & Gas Integrated (Energy). Over the past 10 years, MT returned 17.45%/yr vs 17.16%/yr for TTE. At a 0.24 correlation, their price movements are largely independent.

Performance

MT vs. TTE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ArcelorMittal (MT) and TotalEnergies SE (TTE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MT achieves a 57.85% return, which is significantly higher than TTE's 38.12% return. Both investments have delivered pretty close results over the past 10 years, with MT having a 17.45% annualized return and TTE not far behind at 17.16%.

MT

• 1D: 1.99%
• 1M: 26.23%
• YTD: 57.85%
• 6M: 64.75%
• 1Y: 136.51%
• 3Y*: 41.05%
• 5Y*: 18.83%
• 10Y*: 17.45%

TTE

• 1D: 0.78%
• 1M: -3.64%
• YTD: 38.12%
• 6M: 41.28%
• 1Y: 55.53%
• 3Y*: 22.75%
• 5Y*: 26.79%
• 10Y*: 17.16%

*Multi-year figures are annualized to reflect compound growth (CAGR)

MT vs. TTE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MT ArcelorMittal	57.85%	100.13%	-16.92%	10.28%	-16.44%	40.29%	30.56%	-14.14%	-35.85%	47.53%
TTE TotalEnergies SE	38.12%	31.96%	-11.58%	10.48%	37.55%	56.52%	-9.98%	15.41%	-2.56%	12.42%

Correlation

The correlation between MT and TTE is -0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.01
Correlation (3Y) Calculated over the trailing 3-year period	0.22
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jul 16, 2007	0.24

The correlation between MT and TTE shifts across timeframes, from -0.01 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap MT : $54.69B TTE : $193.46B
EPS MT : $3.82 TTE : $6.84
PE Ratio MT : 18.76 TTE : 13.06
PEG Ratio MT : 1.16 TTE : 11.09
PS Ratio MT : 0.88 TTE : 1.07
PB Ratio MT : 0.99 TTE : 1.57
Total Revenue (TTM) MT : $62.01B TTE : $183.34B
Gross Profit (TTM) MT : $34.15B TTE : $61.59B
EBITDA (TTM) MT : $5.81B TTE : $37.85B

Return for Risk

MT vs. TTE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MT

MT Risk / Return Rank: 93
MT Sharpe Ratio Rank: 95
MT Sortino Ratio Rank: 94
MT Omega Ratio Rank: 92
MT Calmar Ratio Rank: 90
MT Martin Ratio Rank: 93

TTE

TTE Risk / Return Rank: 89
TTE Sharpe Ratio Rank: 89
TTE Sortino Ratio Rank: 86
TTE Omega Ratio Rank: 85
TTE Calmar Ratio Rank: 94
TTE Martin Ratio Rank: 94

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MT vs. TTE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ArcelorMittal (MT) and TotalEnergies SE (TTE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MT	TTE	Difference
Sharpe ratio Return per unit of total volatility	3.37	2.19	+1.18
Sortino ratio Return per unit of downside risk	3.89	2.84	+1.06
Omega ratio Gain probability vs. loss probability	1.49	1.36	+0.13
Calmar ratio Return relative to maximum drawdown	4.74	6.25	-1.51
Martin ratio Return relative to average drawdown	16.68	17.82	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MT vs. TTE - Sharpe Ratio Comparison

The current MT Sharpe Ratio is 3.37, which is higher than the TTE Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of MT and TTE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MT	TTE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.37	2.19	+1.18
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.74	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.46	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.04	0.19	-0.15

Drawdowns

MT vs. TTE - Drawdown Comparison

The maximum MT drawdown since its inception was -97.34%, which is greater than TTE's maximum drawdown of -62.81%. Use the drawdown chart below to compare losses from any high point for MT and TTE.

Drawdown Indicators

	MT	TTE	Difference
Max Drawdown Largest peak-to-trough decline	-97.34%	-62.81%	-34.53%
Max Drawdown (1Y) Largest decline over 1 year	-28.84%	-9.77%	-19.07%
Max Drawdown (3Y) Largest decline over 3 years	-30.83%	-24.51%	-6.32%
Max Drawdown (5Y) Largest decline over 5 years	-45.99%	-24.95%	-21.04%
Max Drawdown (10Y) Largest decline over 10 years	-81.10%	-62.81%	-18.29%
Current Drawdown Current decline from peak	-58.25%	-4.49%	-53.76%
Average Drawdown Average peak-to-trough decline	-69.41%	-18.98%	-50.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.20%	3.43%	+4.77%

Volatility

MT vs. TTE - Volatility Comparison

ArcelorMittal (MT) has a higher volatility of 15.83% compared to TotalEnergies SE (TTE) at 7.36%. This indicates that MT's price experiences larger fluctuations and is considered to be riskier than TTE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MT	TTE	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.83%	7.36%	+8.47%
Volatility (6M) Calculated over the trailing 6-month period	34.12%	18.72%	+15.40%
Volatility (1Y) Calculated over the trailing 1-year period	40.69%	25.66%	+15.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	39.67%	36.26%	+3.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	44.88%	37.69%	+7.19%

Dividends

MT vs. TTE - Dividend Comparison

MT's dividend yield for the trailing twelve months is around 0.80%, less than TTE's 4.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MT ArcelorMittal	0.80%	1.21%	2.16%	1.55%	1.45%	0.94%	0.00%	1.14%	0.48%	0.00%	0.00%	4.03%
TTE TotalEnergies SE	4.41%	9.64%	9.09%	4.60%	8.41%	27.22%	10.10%	6.52%	4.07%	4.51%	4.77%	5.46%

Financials

MT vs. TTE - Profitability Comparison

The chart below illustrates the profitability comparison between ArcelorMittal and TotalEnergies SE over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MT - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a gross profit of 15.46B and revenue of 15.46B. Therefore, the gross margin over that period was 100.0%.

TTE - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, TotalEnergies SE reported a gross profit of 10.03B and revenue of 48.90B. Therefore, the gross margin over that period was 20.5%.

MT - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported an operating income of 753.00M and revenue of 15.46B, resulting in an operating margin of 4.9%.

TTE - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, TotalEnergies SE reported an operating income of 10.03B and revenue of 48.90B, resulting in an operating margin of 20.5%.

MT - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, ArcelorMittal reported a net income of 575.00M and revenue of 15.46B, resulting in a net margin of 3.7%.

TTE - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, TotalEnergies SE reported a net income of 5.74B and revenue of 48.90B, resulting in a net margin of 11.7%.

Frequently Asked Questions

Can I hold both MT and TTE in my portfolio?

MT and TTE have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MT or TTE?

MT has higher volatility (15.83%) compared to TTE (7.36%). In terms of maximum drawdown, MT dropped -97.34% vs TTE's -62.81%.

Which has better risk-adjusted returns?

MT currently has the higher Sharpe Ratio (3.37 vs 2.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.