CVCO vs TOL: Correlation
Measured on weekly returns over the past three years, Cavco Industries, Inc. (CVCO) and Toll Brothers, Inc. (TOL) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CVCO and TOL?
On 3 years of weekly data the CVCO/TOL correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.69 lands near the 3-year figure. The 5-year figure is 0.66, and annualized covariance runs at 913.8 %².
Among the 13 assets we track against CVCO, TOL ranks #5 by 3-year correlation. Twelve-month performance is nearly a tie, at +7.6% for CVCO and +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.
CVCO vs TOL: side by side
| CVCO (Cavco Industries, Inc.) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | +7.6% | +6.0% |
| 5-year return | +119.4% | +139.9% |
| Volatility (ann.) | 39.8% | 34.9% |
| Beta vs S&P 500 | 0.96 | 1.14 |
| Max drawdown (3Y) | -34.7% | -46.0% |
| Market cap | $4.4B | $13.4B |
| P/E (trailing) | 25.1 | 11.9 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CVCO | TOL |
|---|---|---|
| 2022 | -28.8% | -30.0% |
| 2023 | +53.2% | +108.6% |
| 2024 | +28.7% | +23.4% |
| 2025 | +32.4% | +8.3% |
| 2026 | -3.5% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CVCO and TOL good diversifiers for each other?
To a limited degree. At 0.66 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 CVCO and TOL?
As of 2026-08-27, the correlation of weekly returns between CVCO and TOL is 0.66 over 3 years, 0.69 over 1 year and 0.66 over 5 years.
Is TOL a good diversifier for CVCO?
To a limited degree. At 0.66 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 0.66 mean?
On the −1 to +1 scale, 0.66 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cvco-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cvco-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CVCO correlations · TOL correlations
