CPS vs TOL: Correlation
Cooper-Standard Holdings Inc. (CPS) and Toll Brothers, Inc. (TOL) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPS and TOL?
On 3 years of weekly data the CPS/TOL correlation comes out at 0.53, moderate. Recent behaviour matches the longer record: 0.59 over 1 year against 0.53 over 3. The 5-year figure is 0.43, and annualized covariance runs at 1336.6 %².
Among the 12 assets we track against CPS, TOL ranks #4 by 3-year correlation. The last year tells two different stories: TOL led by 31.8 percentage points, -25.8% for CPS against +6.0% for TOL. Note the risk asymmetry: CPS runs 2.1 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
CPS vs TOL: side by side
| CPS (Cooper-Standard Holdings Inc.) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -25.8% | +6.0% |
| 5-year return | +15.8% | +139.9% |
| Volatility (ann.) | 72.2% | 34.9% |
| Beta vs S&P 500 | 1.75 | 1.14 |
| Max drawdown (3Y) | -45.2% | -46.0% |
| Market cap | $0.5B | $13.4B |
| P/E (trailing) | – | 11.9 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CPS | TOL |
|---|---|---|
| 2022 | -59.6% | -30.0% |
| 2023 | +115.7% | +108.6% |
| 2024 | -30.6% | +23.4% |
| 2025 | +142.1% | +8.3% |
| 2026 | -19.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPS and TOL good diversifiers for each other?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CPS and TOL?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.59 over the last year and 0.43 over 5 years.
Is TOL a good diversifier for CPS?
Somewhat, no more. With 0.53 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.53 mean?
A reading of 0.53 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/cps-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cps-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CPS correlations · TOL correlations
