IOT vs TOST: Correlation
Samsara Inc. (IOT) and Toast, Inc. (TOST) 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 IOT and TOST?
Across a 3-year window, the weekly returns of IOT and TOST correlate at 0.53, moderate. Recent behaviour matches the longer record: 0.57 over 1 year against 0.53 over 3. Stretching to 5 years gives 0.49, with an annualized covariance of 1478.7 %².
Among the 18 assets we track against IOT, TOST ranks #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with IOT ahead by 37.2 points (+17.4% versus -19.8%).
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.
IOT vs TOST: side by side
| IOT (Samsara Inc.) | TOST (Toast, Inc.) | |
|---|---|---|
| 1-year return | +17.4% | -19.8% |
| 5-year return | +69.5% | -43.7% |
| Volatility (ann.) | 59.7% | 47.1% |
| Beta vs S&P 500 | 1.74 | 1.36 |
| Max drawdown (3Y) | -60.2% | -54.7% |
| Market cap | – | $20.3B |
| P/E (trailing) | 418.7 | 46.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | IOT | TOST |
|---|---|---|
| 2022 | -55.8% | -48.1% |
| 2023 | +168.5% | +1.3% |
| 2024 | +30.9% | +99.6% |
| 2025 | -18.9% | -2.6% |
| 2026 | +18.1% | -1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are IOT and TOST good diversifiers for each other?
To a limited degree. At 0.53 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 IOT and TOST?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.57 over the last year and 0.49 over 5 years.
Is TOST a good diversifier for IOT?
To a limited degree. At 0.53 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 0.53 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/iot-vs-tost.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/iot-vs-tost/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: IOT correlations · TOST correlations
