# How Eni S.p.A. (E) compares with the whole market and its popular alternatives

> Source: BetterThanSPY research, https://betterthanspy.com/research/e
> Data as of October 22, 2026. Total returns include reinvested dividends. Past performance does not predict future results; nothing here is investment advice.

Built by QuantCommons' quantitative engine, this page is about relative opportunity, not data on E alone. It places E (Eni S.p.A.) against 16 popular alternatives, its neighboring categories and the entire market of over 10,000 U.S.-listed stocks and ETFs, and surfaces what has done better on consistent outperformance, return for the risk taken, behavior in real market crashes and diversification. The result is a clearer view of where E stands in the market, and of the alternatives worth a closer look.

Period covered: E's full trading record, from November 1995 through September 2026. All returns include reinvested dividends. Data as of October 22, 2026.

## Key findings

- **Right now:** Over the past 3 months, E rose 17.9% against 2.5% for the S&P 500. After a 20.0% loss from April 2026 to July 2026, E has bounced 25.0% off the low.
- **Stock or market?:** E's 17.9% gain over the past 3 months is part of a broader integrated oil & gas rally: the integrated oil & gas ETF IXC (iShares Global Energy ETF) rose 13.3%, with XOM (Exxonmobil, up 16.1%) and CVX (Chevron, up 18.5%). Last month cut against the tape: E rose 11.8% while the S&P 500 fell 1.2%.
- **Past 1 to 3 years:** E has run far ahead of the market, rising 76.8% over the past year against 15.6% for the S&P 500 and 16.9% for the Nasdaq 100. The same gap shows up over 3 years (122% against 88.4%).
- **Long term:** E turned $10,000 into $38,300 over the past decade, against $41,600 in the S&P 500. On the flip side, the past 5 years have been the better stretch: E rose 190% against 80.3% for the S&P 500, after trailing over the decade.
- **In a crash:** Across seven sell-offs, E has typically fallen 1.3 times as far as the S&P 500.
- **Diversification:** Against the S&P 500, E has a correlation of 0.25 over 5 years, less closely than 79% of stocks worth at least $300 million. Next to an index fund it is a real diversifier. Over 10 years E kept more of the market's gains than of its losses: 79% of the S&P 500's gains in rising months and 69% of its losses in falling ones, with a beta of 0.70.
- **Better options**
  - **Nearby categories and themes:** WMB (Williams Companies, oil & gas midstream) earned more than E with less volatility over the past 5 years: 25.2% a year at 24.1% volatility, against 23.7% a year at 25.6%.
  - **Whole market:** Few investments have done better on both counts: only four of the 3,641 stocks and funds worth at least $500 million earned more than E with less volatility over the past 5 years, among them ABBV (AbbVie), WELL (Welltower) and WMB (Williams Companies).

## How much would $10,000 in E have grown?

This chart tracks a hypothetical $10,000 investment in E over the past 29 years, with dividends reinvested, alongside the same amount in the S&P 500, investments that ended ahead of E over the same span and E's popular alternatives, among those that traded for the entire period.

- $10,000 invested in E at the end of September 1997 would have grown to $101,879 by September 2026, less than the $132,907 it would have become in SPY, an S&P 500 fund.
- Six of the eight other investments on the chart ended ahead of E, and VLO finished highest, at $1,019,941.

## E at a glance

This section summarizes the key facts about the stock, its returns over periods from one to ten years and the risk it has carried, with dividends reinvested throughout.

- E's deepest decline since it began trading in 1995 was 64.8%, from May 2008 to March 2020. It took about three years from the low to climb back to its old high.
- E is trading within 1% of its all-time high.
- Over 29 full calendar years, E's best was 2025, when it returned 49.0%, and its worst was 2008, when it lost 29.9%. It lost money in eight of those years.

- Type: Stock, Energy (Oil & Gas Integrated)
- Trading since: November 28, 1995
- Market value: $87B
- Volatility (5 years): 25.6%; Sharpe ratio: 0.96
- Worst decline ever: −64.8%, from May 21, 2008 to March 16, 2020; back at its high by August 29, 2023

| Period | E total return |
| --- | --- |
| 1 month | +11.8% |
| 3 months | +17.9% |
| 6 months | +12.3% |
| year to date | +57.8% |
| 1 year | +76.8% |
| 3 years | +122% |
| 5 years | +190% |
| 10 years | +283% |

## E against the whole market

Where E ranks among every stock and fund, and what across the market has done better.

### How does E rank among all stocks?

This section ranks E on return, volatility, risk-adjusted return and worst decline against every stock worth at least $300 million with enough history.

- On return for the risk taken (the Sharpe ratio), E ranks in the top 4% of the 2,897 stocks worth at least $300 million.

| Measure | E | Rank |
| --- | --- | --- |
| 1-year return | +76.8% | 285 of 3,282 (top 9%) |
| 3-year return | +122% | 769 of 3,016 (top 26%) |
| 5-year return | +190% | 333 of 2,897 (top 12%) |
| 10-year return | +283% | 621 of 2,201 (top 29%) |
| Volatility, 5 years | 25.6% | 373 of 2,897 (top 13%) |
| Sharpe ratio, 5 years | 0.96 | 115 of 2,897 (top 4%) |
| Worst decline, past 10 years | −61.4% | 936 of 2,184 (top 43%) |

### What has beaten E on both return and risk?

Each dot is an investment, placed by how much it earned a year over the past 5 years (higher is better) and how much its price swung, its volatility (further left is calmer).

- Three stocks and one ETF worth at least $500 million sit in the green region: each earned more than E over the past 5 years with smaller price swings. That is fewer than 1% of the 3,641 screened. Few investments beat it on both counts.
- Among those with at least half E's swings, DXJ has the best return for its risk: 26.6% a year at 19.1% volatility, 26% less than E's 25.6%, and a Sharpe ratio (return above cash per unit of volatility) of 1.34 against 0.96 for E. WELL earned the most, 27.0% a year, while still swinging less than E (23.8% against 25.6%).
- None of E's popular alternatives made it, but WMB (oil & gas midstream) did: 25.2% a year at 24.1% volatility, 6% less than E's 25.6%.

### Is there a better investment than E?

The table below lists investments that beat E over the past 5 years on at least one of these measures: a higher annual return with lower volatility, a higher annual return at similar volatility, a similar return with lower volatility, a higher Sharpe ratio with a smaller worst decline, a higher total return in most periods from 3 months to 10 years, or smaller losses in recent market crashes.

- Among E's popular alternatives, XOM earned more than E over the past 5 years with similar volatility: 27.5% a year at 26.5% volatility, against 23.7% a year at 25.6%.
- Looking beyond its popular alternatives, WMB (oil & gas midstream) earned more than E with less volatility over the past 5 years: 25.2% a year at 24.1% volatility, against 23.7% a year at 25.6%.
- Few investments have done better on both counts: only four of the 3,641 stocks and funds worth at least $500 million earned more than E with less volatility over the past 5 years, among them ABBV, WELL and WMB.

The 4 strongest of 4 investments that beat E over the past 5 years, out of 3,641 stocks and funds worth at least $500 million.

| Investment | Group | Annual return (5 years) | Volatility | Sharpe | Worst decline (10 years) | 10Y return | Correlation with E | Better on |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| E: Eni S.p.A. (this page) |  | +23.7% | 25.6% | 0.96 | −61.4% | +283% |  |  |
| [ABBV](https://betterthanspy.com/research/abbv): AbbVie Inc. | Specialty Pharmaceuticals | +25.5% | 23.4% | 1.09 | −45.1% | +600% | 0.06 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| DXJ: WisdomTree Japan Hedged Equity Fund | Japan Equity | +26.6% | 19.1% | 1.34 | −39.1% | +415% | 0.22 | Higher return, lower volatility; Higher Sharpe, smaller worst decline |
| [WELL](https://betterthanspy.com/research/well): Welltower Inc. | Healthcare REITs | +27.0% | 23.8% | 1.13 | −63.3% | +378% | 0.22 | Higher return, lower volatility |
| [WMB](https://betterthanspy.com/research/wmb): The Williams Companies, Inc. | Oil & Gas Midstream | +25.2% | 24.1% | 1.06 | −68.1% | +291% | 0.42 | Higher return, lower volatility |

## E against its popular alternatives

The investments people most often weigh against E, compared period by period and year by year.

### How do E's risk and return compare with its alternatives?

This map plots each investment's annual return over the past 5 years against its volatility, the size of its typical price swings.

- None of the 16 popular alternatives earned more than E over the past 5 years with smaller price swings, so every higher return on the map came with a bumpier ride.
- Over the past 5 years, E returned 23.7% a year, more than the S&P 500's 12.5%, with higher volatility (25.6% against 17.2%).

### Has E consistently beaten its popular alternatives?

This section compares E with the investments people most often weigh against it, checking each one over eight periods from one month to ten years.

- Three of the 16 popular alternatives, VLO, PBR and SU, outperformed E in at least 3 of 5 short-term and 2 of 3 long-term timeframes.
- VLO and PBR outperformed E in every long-term period and in all but one short-term period, the most consistent record in the group.
- XOM earned more for the risk it took than E (a higher Sharpe ratio) and fell less in its worst decline of the past 10 years.

| Investment | 1Y return | 3Y return | 5Y return | 10Y return | Periods ahead of E | Verdict | Sharpe |
| --- | --- | --- | --- | --- | --- | --- | --- |
| E: Eni S.p.A. (this page) | +76.8% | +122% | +190% | +283% |  |  | 0.96 |
| [VLO](https://betterthanspy.com/research/vlo): Valero Energy Corporation | +169% | +254% | +515% | +1,014% | 5/5 short-term, 3/3 long-term | all-weather | 1.18 |
| [PBR](https://betterthanspy.com/research/pbr): Petróleo Brasileiro S.A. - Petrobras | +139% | +144% | +721% | +647% | 5/5 short-term, 3/3 long-term | all-weather | 1.32 |
| [SU](https://betterthanspy.com/research/su): Suncor Energy Inc. | +104% | +160% | +318% | +289% | 5/5 short-term, 2/3 long-term | consistent | 1.05 |
| YPF: YPF Sociedad Anónima | +98.7% | +328% | +1,000% | +164% | 2/5 short-term, 2/3 long-term |  | 1.15 |
| [EQNR](https://betterthanspy.com/research/eqnr): Equinor ASA | +103% | +78.3% | +150% | +422% | 3/5 short-term, 1/3 long-term |  | 0.71 |
| EC: Ecopetrol S.A. | +104% | +112% | +124% | +383% | 3/5 short-term, 1/3 long-term |  | 0.62 |
| [COP](https://betterthanspy.com/research/cop): ConocoPhillips | +71.9% | +31.1% | +131% | +369% | 3/5 short-term, 1/3 long-term |  | 0.68 |
| [CVE](https://betterthanspy.com/research/cve): Cenovus Energy Inc. | +95.5% | +73.9% | +211% | +155% | 3/5 short-term, 1/3 long-term |  | 0.78 |
| [XOM](https://betterthanspy.com/research/xom): Exxonmobil Holdings Corporation | +59.8% | +79.7% | +236% | +216% | 2/5 short-term, 1/3 long-term |  | 1.05 |
| [LNG](https://betterthanspy.com/research/lng): Cheniere Energy, Inc. | +29.1% | +74.6% | +187% | +635% | 0/5 short-term, 1/3 long-term |  | 0.85 |
| [SHEL](https://betterthanspy.com/research/shel): Shell plc | +47.2% | +77.5% | +164% | +236% | 3/5 short-term, 0/3 long-term |  | 0.91 |
| [CVX](https://betterthanspy.com/research/cvx): Chevron Corporation | +51.4% | +59.9% | +146% | +243% | 2/5 short-term, 0/3 long-term |  | 0.84 |
| [BP](https://betterthanspy.com/research/bp): BP p.l.c. | +53.3% | +51.1% | +118% | +145% | 1/5 short-term, 0/3 long-term |  | 0.69 |
| [TTE](https://betterthanspy.com/research/tte): TotalEnergies SE | +53.6% | +61.8% | +137% | +237% | 0/5 short-term, 0/3 long-term |  | 0.80 |
| [ENB](https://betterthanspy.com/research/enb): Enbridge Inc. | +7.6% | +82.7% | +56.0% | +106% | 0/5 short-term, 0/3 long-term |  | 0.57 |
| [SLB](https://betterthanspy.com/research/slb): Slb N.V. | +45.5% | −9.0% | +63.2% | −19.4% | 0/5 short-term, 0/3 long-term |  | 0.45 |

### How did E do year by year?

This table shows each investment's total return in every full calendar year since 1997, along with where E ranked among its popular alternatives each year.

- E finished ahead of the S&P 500 in 15 of its 29 full calendar years.
- Among its popular alternatives, SU came out ahead of E most often, in 19 of the 29 years both traded.
- Ranked against its popular alternatives each year, E finished in the top quarter in six of 29 years and in the bottom quarter in eight. In 2025, it ranked 1 of 17.

| Year | E | SPY |
| --- | --- | --- |
| 2025 | +49.0% | +17.7% |
| 2024 | −13.6% | +24.9% |
| 2023 | +27.5% | +26.2% |
| 2022 | +11.0% | −18.2% |
| 2021 | +44.9% | +28.7% |
| 2020 | −28.1% | +18.3% |
| 2019 | +4.8% | +31.2% |
| 2018 | +0.6% | −4.6% |
| 2017 | +9.2% | +21.7% |
| 2016 | +15.9% | +12.0% |

## Risk and diversification

How E has fallen, how it held up in crashes beside the S&P 500 and its popular alternatives, and what moves independently of it.

### What were E's worst declines?

A drawdown is the decline from a peak to the lowest point before a new high.

- In all five of E's worst declines, the S&P 500 held up better over the same dates.
- Not every decline was the market's doing: E fell 64.8% from May 2008 to March 2020, while the S&P 500 rose 119%.
- The slowest recovery came after E fell 64.8% from May 2008 to March 2020; it did not regain that peak until August 2023, three years later.

| Decline | Peak | Low | Back at the high | SPY over the same dates | Market event |
| --- | --- | --- | --- | --- | --- |
| −64.8% | May 21, 2008 | March 16, 2020 | August 29, 2023 | +119% | 2008 financial crisis |
| −33.2% | April 6, 1998 | February 2, 2000 | March 8, 2001 | +28.9% |  |
| −22.9% | April 25, 2001 | September 21, 2001 | February 22, 2002 | −20.5% | dot-com bust |
| −21.9% | July 8, 2002 | July 23, 2002 | January 6, 2003 | −18.5% | dot-com bust |
| −20.0% | April 6, 2026 | July 1, 2026 | August 20, 2026 | +13.5% |  |

### How did E do in stock market crashes?

This section measures how far E, the S&P 500 and each alternative fell from peak to trough during every major market crash since 2000.

- Among its popular alternatives, ENB held up best, falling less than E in nine of the ten crashes they both traded through.
- E fell further than the S&P 500 in six of the ten crashes it has traded through. The clearest case was the 2015 China and oil sell-off, when E fell 30.6% and the S&P 500 fell 12.8%.

| Crash | Dates | E fall | SPY fall |
| --- | --- | --- | --- |
| Dot-com bust | March 10, 2000 to October 9, 2002 | −22.9% | −47.5% |
| Global financial crisis | October 9, 2007 to March 9, 2009 | −61.8% | −55.2% |
| Flash crash | May 6, 2010 to May 7, 2010 | −1.1% | −1.5% |
| Euro debt crisis | July 22, 2011 to October 3, 2011 | −25.1% | −17.9% |
| China devaluation & oil rout | August 10, 2015 to February 11, 2016 | −30.6% | −12.8% |
| Volmageddon | February 2, 2018 to February 9, 2018 | −6.9% | −6.5% |
| Q4 2018 selloff | September 21, 2018 to December 24, 2018 | −23.2% | −19.3% |
| COVID crash | February 19, 2020 to March 23, 2020 | −49.7% | −33.7% |
| 2022 bear market | January 4, 2022 to October 12, 2022 | −33.7% | −24.5% |
| SVB / regional bank stress | March 8, 2023 to March 13, 2023 | −2.5% | −3.4% |

### How closely does E move with the S&P 500?

Upside capture measures how much of the S&P 500's gains an investment kept in the months the market rose, and downside capture how much of its losses it took in the months the market fell.

- Over the past 10 years, E captured 79% of the S&P 500's gains in rising months and 69% of its losses in falling months, with a beta of 0.70. That is a defensive profile: it gave up some of the market's upside in exchange for smaller losses.
- LNG took just 30% of the S&P 500's losses, against 69% for E, while still keeping 79% of its gains.
- Six of the 16 popular alternatives had a higher capture ratio (upside capture divided by downside capture) than E's 1.15, led by LNG, PBR and EQNR.

Measured over the past 10 years of monthly returns against SPY.

| Investment | Upside capture | Downside capture | Beta |
| --- | --- | --- | --- |
| E: Eni S.p.A. (this page) | 79.0% | 69.0% | 0.70 |
| [VLO](https://betterthanspy.com/research/vlo): Valero Energy Corporation | 142% | 114% | 1.31 |
| [PBR](https://betterthanspy.com/research/pbr): Petróleo Brasileiro S.A. - Petrobras | 104% | 63.0% | 0.99 |
| [SU](https://betterthanspy.com/research/su): Suncor Energy Inc. | 90.0% | 90.0% | 0.96 |
| YPF: YPF Sociedad Anónima | 144% | 206% | 1.58 |
| [EQNR](https://betterthanspy.com/research/eqnr): Equinor ASA | 79.0% | 52.0% | 0.62 |
| EC: Ecopetrol S.A. | 127% | 139% | 1.13 |
| [COP](https://betterthanspy.com/research/cop): ConocoPhillips | 94.0% | 92.0% | 0.91 |
| [CVE](https://betterthanspy.com/research/cve): Cenovus Energy Inc. | 124% | 173% | 1.69 |
| [XOM](https://betterthanspy.com/research/xom): Exxonmobil Holdings Corporation | 78.0% | 83.0% | 0.76 |
| [LNG](https://betterthanspy.com/research/lng): Cheniere Energy, Inc. | 79.0% | 30.0% | 0.77 |
| [SHEL](https://betterthanspy.com/research/shel): Shell plc | 60.0% | 43.0% | 0.45 |
| [CVX](https://betterthanspy.com/research/cvx): Chevron Corporation | 86.0% | 94.0% | 0.89 |
| [BP](https://betterthanspy.com/research/bp): BP p.l.c. | 58.0% | 62.0% | 0.51 |
| [TTE](https://betterthanspy.com/research/tte): TotalEnergies SE | 69.0% | 57.0% | 0.51 |
| [ENB](https://betterthanspy.com/research/enb): Enbridge Inc. | 60.0% | 74.0% | 0.73 |
| [SLB](https://betterthanspy.com/research/slb): Slb N.V. | 104% | 212% | 1.54 |

### What diversifies E?

Correlation measures how closely two investments move together, on a scale from 1 (in lockstep) through 0 (unrelated) to -1 (in opposite directions).

- Moving a fifth of the money in E into SPMO would have cut the portfolio's volatility by 18% over the past 5 years and raised its annual return (+22.8% for E alone, +23.6% for the mix).
- Among large ETFs, DXJ, EMLP and DBEF have moved largely independently of E over the past 5 years, with correlations of 0.49 or lower, and each still earned a positive 5-year return.
- FIX made money in five of the eight calendar years in which E lost money.

| Investment | Correlation with E | 5Y return | Volatility | Sharpe | Rose in E's 8 down years |
| --- | --- | --- | --- | --- | --- |
| DXJ: WisdomTree Japan Hedged Equity Fund | 0.22 | +225% | 19.1% | 1.34 | 4 of 8 |
| EMLP: First Trust North American Energy Infrastructure Fund | 0.49 | +103% | 14.5% | 1.06 | 2 of 8 |
| DBEF: Xtrackers MSCI EAFE Hedged Equity ETF | 0.35 | +83.6% | 13.8% | 0.95 | 4 of 8 |
| [SMH](https://betterthanspy.com/research/smh): VanEck Semiconductor ETF | 0.01 | +304% | 37.0% | 0.94 | 4 of 8 |
| [GLD](https://betterthanspy.com/research/gld): SPDR Gold Shares | 0.16 | +120% | 19.0% | 0.93 | 4 of 8 |
| [VTV](https://betterthanspy.com/research/vtv): Vanguard Morningstar Value ETF | 0.45 | +78.0% | 13.7% | 0.91 | 4 of 8 |
| VLUE: iShares MSCI USA Value Factor ETF | 0.31 | +112% | 18.4% | 0.91 | 2 of 8 |
| SPMO: Invesco S&P 500 Momentum ETF | 0.06 | +130% | 20.9% | 0.91 | 2 of 8 |

## Common questions

### What was E's worst drawdown?

E's deepest decline since it began trading in 1995 was 64.8%, from May 2008 to March 2020. It took about three years from the low to climb back to its old high.

### What were E's best and worst years?

Over 29 full calendar years, E's best year was 2025, when it returned 49.0%. Its worst was 2008, with a return of -29.9%.

### Is there a better investment than E?

Among E's popular alternatives, XOM earned more than E over the past 5 years with similar volatility: 27.5% a year at 26.5% volatility, against 23.7% a year at 25.6%. Looking beyond its popular alternatives, WMB (oil & gas midstream) earned more than E with less volatility over the past 5 years: 25.2% a year at 24.1% volatility, against 23.7% a year at 25.6%.

### Is E more volatile than the S&P 500?

Yes. E's volatility over the past 5 years was 25.6%, 1.5 times the S&P 500's 17.2%. Volatility measures how widely returns swing around their average: in roughly two years out of three, E's return lands within 25.6% of its average, either way. The higher it is, the rougher the ride and the harder it is to hold through a slump.

### What is E's Sharpe ratio?

E's Sharpe ratio over the past 5 years was 0.96, against 0.78 for the S&P 500, so E earned more for each unit of risk than an index fund did. The Sharpe ratio is the return earned above cash for each unit of volatility: two investments with the same return are not equal if one got there with far bigger swings.

### How correlated is E with the S&P 500?

Over the past 5 years, E's monthly returns had a correlation of 0.25 with the S&P 500. Correlation runs from 1 (moving in lockstep) through 0 (unrelated) to −1 (moving in opposite directions). They are only loosely linked, which makes it a real diversifier next to an index fund. In the table, the correlation column measures each option against E instead: the lower it is, the more that option would diversify a E holding.

### What are the best alternatives to E?

Of the 16 popular alternatives we compared, three outperformed E in at least 3 of 5 short-term and 2 of 3 long-term timeframes, with dividends reinvested: VLO, PBR and SU.

### Did E outperform the S&P 500?

E finished ahead of the S&P 500 (SPY) in 15 of 29 full calendar years. In 2025, it returned +49.0%, against +17.7% for the index.

### How did E do in stock market crashes?

E fell less than the S&P 500 (SPY) in two of the ten major crashes it has traded through, and further in six. The clearest case was the 2015 China and oil sell-off, when E fell 30.6% and the S&P 500 fell 12.8%.

### What diversifies E?

These had a low correlation with E over the past 5 years and still earned a positive 5-year return: among large ETFs, DXJ (correlation 0.22), EMLP (correlation 0.49) and DBEF (correlation 0.35); among large stocks, CAH (correlation 0.10), CLS (correlation 0.13) and MCK (correlation 0.16). A correlation near zero means the two have moved largely independently.

## More research

- [Valero Energy (VLO) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/vlo)
- [Petróleo Brasileiro S.A. - Petrobras (PBR) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/pbr)
- [Suncor Energy (SU) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/su)
- [Equinor ASA (EQNR) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/eqnr)
- [ConocoPhillips (COP) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/cop)
- [Cenovus Energy (CVE) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/cve)
- [Exxonmobil (XOM) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/xom)
- [Cheniere Energy (LNG) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/lng)
- [Shell (SHEL) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/shel)
- [Chevron (CVX) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/cvx)
- [BP p.l.c. (BP) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/bp)
- [TotalEnergies (TTE) Performance, Alternatives and Market Rank](https://betterthanspy.com/research/tte)

## Explore further

- Full page with charts: https://betterthanspy.com/research/e
- All research pages: https://betterthanspy.com/llms.txt
- Compare the entire market against E live: https://betterthanspy.com/?b=E