EXP vs TOL: Correlation
Measured on weekly returns over the past three years, Eagle Materials Inc (EXP) and Toll Brothers, Inc. (TOL) carry a correlation of 0.73, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EXP and TOL?
Across a 3-year window, the weekly returns of EXP and TOL correlate at 0.73, strong. Little has changed lately, as the 1-year reading of 0.72 lands near the 3-year figure. Stretching to 5 years gives 0.70, with an annualized covariance of 887.4 %².
In EXP's tracked universe of 24 assets, TOL sits right near the top at #3. Correlation aside, the last 12 months split them widely, with TOL ahead by 21.7 points (-15.7% versus +6.0%).
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.
EXP vs TOL: side by side
| EXP (Eagle Materials Inc) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -15.7% | +6.0% |
| 5-year return | +29.5% | +139.9% |
| Volatility (ann.) | 34.8% | 34.9% |
| Beta vs S&P 500 | 1.21 | 1.14 |
| Max drawdown (3Y) | -44.7% | -46.0% |
| Market cap | $6.1B | $13.4B |
| P/E (trailing) | 15.6 | 11.9 |
| Dividend yield | 0.50% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EXP | TOL |
|---|---|---|
| 2022 | -19.6% | -30.0% |
| 2023 | +53.6% | +108.6% |
| 2024 | +22.1% | +23.4% |
| 2025 | -15.9% | +8.3% |
| 2026 | -4.1% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EXP and TOL good diversifiers for each other?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EXP and TOL?
Using weekly returns as of 2026-08-27: 0.73 over 3 years, with 0.72 over the last year and 0.70 over 5 years.
Is TOL a good diversifier for EXP?
Somewhat, no more. With 0.73 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.73 mean?
On the −1 to +1 scale, 0.73 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/exp-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/exp-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EXP correlations · TOL correlations
