JOE vs TOL: Correlation
Measured on weekly returns over the past three years, St. Joe Company (The) (JOE) and Toll Brothers, Inc. (TOL) carry a correlation of 0.64, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are JOE and TOL?
Over the past 3 years, JOE and TOL moved with a correlation of 0.64, which is strong. Lately the two have drifted apart, with the 1-year correlation at 0.46 versus 0.64 over 3 years. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 626.8 %².
Among the 12 assets we track against JOE, TOL ranks #4 by 3-year correlation. The last year tells two different stories: JOE led by 29.1 percentage points, +35.1% for JOE against +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.
JOE vs TOL: side by side
| JOE (St. Joe Company (The)) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | +35.1% | +6.0% |
| 5-year return | +53.5% | +139.9% |
| Volatility (ann.) | 28.2% | 34.9% |
| Beta vs S&P 500 | 0.84 | 1.14 |
| Max drawdown (3Y) | -35.4% | -46.0% |
| Market cap | $3.9B | $13.4B |
| P/E (trailing) | 32.5 | 11.9 |
| Dividend yield | 0.90% | 0.69% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | JOE | TOL |
|---|---|---|
| 2022 | -25.1% | -30.0% |
| 2023 | +57.1% | +108.6% |
| 2024 | -24.6% | +23.4% |
| 2025 | +33.7% | +8.3% |
| 2026 | +15.2% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are JOE and TOL good diversifiers for each other?
To a limited degree. At 0.64 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 JOE and TOL?
As of 2026-08-27, the correlation of weekly returns between JOE and TOL is 0.64 over 3 years, 0.46 over 1 year and 0.54 over 5 years.
Is TOL a good diversifier for JOE?
To a limited degree. At 0.64 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 0.64 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/joe-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/joe-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: JOE correlations · TOL correlations
