AWI vs TOL: Correlation
Armstrong World Industries Inc (AWI) and Toll Brothers, Inc. (TOL) show a strong relationship: their 3-year correlation of weekly returns is 0.62.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWI and TOL?
On 3 years of weekly data the AWI/TOL correlation comes out at 0.62, strong. Little has changed lately, as the 1-year reading of 0.53 lands near the 3-year figure. The 5-year figure is 0.60, and annualized covariance runs at 587.5 %².
By 3-year correlation, TOL places #4 of the 15 assets tracked against AWI. Their recent paths diverged sharply: over the last 12 months TOL outperformed by 16.5 percentage points (-10.5% for AWI against +6.0% for TOL).
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.
AWI vs TOL: side by side
| AWI (Armstrong World Industries Inc) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -10.5% | +6.0% |
| 5-year return | +76.7% | +139.9% |
| Volatility (ann.) | 27.3% | 34.9% |
| Beta vs S&P 500 | 0.88 | 1.14 |
| Max drawdown (3Y) | -25.2% | -46.0% |
| Market cap | $7.4B | $13.4B |
| P/E (trailing) | 24.3 | 11.9 |
| Dividend yield | 0.76% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWI | TOL |
|---|---|---|
| 2022 | -40.3% | -30.0% |
| 2023 | +45.4% | +108.6% |
| 2024 | +45.1% | +23.4% |
| 2025 | +36.2% | +8.3% |
| 2026 | -7.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWI and TOL good diversifiers for each other?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between AWI and TOL?
The AWI/TOL correlation stands at 0.62 on a 3-year window (1 year: 0.53, 5 years: 0.60), computed from weekly returns as of 2026-08-27.
Is TOL a good diversifier for AWI?
To a limited degree. At 0.62 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.62 mean?
A reading of 0.62 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
$ curl https://www.pairbook.io/api/v1/pairs/awi-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awi-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AWI correlations · TOL correlations
