ANAB vs TOL: Correlation
AnaptysBio, Inc. (ANAB) and Toll Brothers, Inc. (TOL) show a moderate relationship: their 3-year correlation of weekly returns is 0.38.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ANAB and TOL?
Over the past 3 years, ANAB and TOL moved with a correlation of 0.38, which is moderate. The past 12 months show a weaker link (0.18) than the 3-year average (0.38). Over 5 years the correlation is 0.27, and the annualized covariance of weekly returns is 1001.2 %².
Within ANAB's tracked universe of 10 assets, TOL comes in at #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ANAB outperformed by 315.2 percentage points (+321.2% for ANAB against +6.0% for TOL). Risk is not evenly split, since ANAB carries 2.1 times the volatility of the other side.
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.
ANAB vs TOL: side by side
| ANAB (AnaptysBio, Inc.) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | +321.2% | +6.0% |
| 5-year return | +243.9% | +139.9% |
| Volatility (ann.) | 74.9% | 34.9% |
| Beta vs S&P 500 | 1.03 | 1.14 |
| Max drawdown (3Y) | -69.3% | -46.0% |
| Market cap | $1.7B | $13.4B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ANAB | TOL |
|---|---|---|
| 2022 | -10.8% | -30.0% |
| 2023 | -30.9% | +108.6% |
| 2024 | -38.2% | +23.4% |
| 2025 | +266.2% | +8.3% |
| 2026 | +77.3% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ANAB and TOL good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ANAB and TOL?
As of 2026-08-27, the correlation of weekly returns between ANAB and TOL is 0.38 over 3 years, 0.18 over 1 year and 0.27 over 5 years.
Is TOL a good diversifier for ANAB?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 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/anab-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/anab-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ANAB correlations · TOL correlations
