GRBK vs TOL: Correlation
Measured on weekly returns over the past three years, Green Brick Partners, Inc. (GRBK) and Toll Brothers, Inc. (TOL) carry a correlation of 0.85, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GRBK and TOL?
Over the past 3 years, GRBK and TOL moved with a correlation of 0.85, which is very strong, meaning they move nearly in lockstep. Recent behaviour matches the longer record: 0.87 over 1 year against 0.85 over 3. Over 5 years the correlation is 0.78, and the annualized covariance of weekly returns is 1100.0 %².
In GRBK's tracked universe of 27 assets, TOL sits right near the top at #2. Twelve-month performance is nearly a tie, at +4.5% for GRBK 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.
GRBK vs TOL: side by side
| GRBK (Green Brick Partners, Inc.) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | +4.5% | +6.0% |
| 5-year return | +186.8% | +139.9% |
| Volatility (ann.) | 37.3% | 34.9% |
| Beta vs S&P 500 | 1.07 | 1.14 |
| Max drawdown (3Y) | -36.1% | -46.0% |
| Market cap | $3.1B | $13.4B |
| P/E (trailing) | 11.1 | 11.9 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GRBK | TOL |
|---|---|---|
| 2022 | -20.1% | -30.0% |
| 2023 | +114.4% | +108.6% |
| 2024 | +8.8% | +23.4% |
| 2025 | +10.9% | +8.3% |
| 2026 | +16.2% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GRBK and TOL good diversifiers for each other?
No: a correlation of 0.85 means GRBK and TOL tend to fall together, which is precisely when diversification is supposed to help.
FAQ
What is the correlation between GRBK and TOL?
The GRBK/TOL correlation stands at 0.85 on a 3-year window (1 year: 0.87, 5 years: 0.78), computed from weekly returns as of 2026-08-27.
Is TOL a good diversifier for GRBK?
No: a correlation of 0.85 means GRBK and TOL tend to fall together, which is precisely when diversification is supposed to help.
What does a correlation of 0.85 mean?
A reading of 0.85 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/grbk-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/grbk-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GRBK correlations · TOL correlations
