NVR vs TOL: Correlation
NVR, Inc. (NVR) and Toll Brothers, Inc. (TOL) show a strong relationship: their 3-year correlation of weekly returns is 0.76.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are NVR and TOL?
On 3 years of weekly data the NVR/TOL correlation comes out at 0.76, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.76 over 3. The 5-year figure is 0.80, and annualized covariance runs at 621.8 %².
Within NVR's tracked universe of 38 assets, TOL comes in at #5 by 3-year correlation. The last year tells two different stories: TOL led by 26.8 percentage points, -20.8% for NVR 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.
NVR vs TOL: side by side
| NVR (NVR, Inc.) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -20.8% | +6.0% |
| 5-year return | +24.2% | +139.9% |
| Volatility (ann.) | 23.4% | 34.9% |
| Beta vs S&P 500 | 0.53 | 1.14 |
| Max drawdown (3Y) | -43.9% | -46.0% |
| Market cap | $17.0B | $13.4B |
| P/E (trailing) | 16.6 | 11.9 |
| Dividend yield | 0.00% | 0.69% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | NVR | TOL |
|---|---|---|
| 2022 | -21.9% | -30.0% |
| 2023 | +51.8% | +108.6% |
| 2024 | +16.8% | +23.4% |
| 2025 | -10.8% | +8.3% |
| 2026 | -12.7% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are NVR and TOL good diversifiers for each other?
Only partially. A correlation of 0.76 means NVR and TOL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between NVR and TOL?
Using weekly returns as of 2026-08-27: 0.76 over 3 years, with 0.73 over the last year and 0.80 over 5 years.
Is TOL a good diversifier for NVR?
Only partially. A correlation of 0.76 means NVR and TOL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.76 mean?
On the −1 to +1 scale, 0.76 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/nvr-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/nvr-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: NVR correlations · TOL correlations
