PHM vs TOL: Correlation
Measured on weekly returns over the past three years, PulteGroup (PHM) and Toll Brothers, Inc. (TOL) carry a correlation of 0.91, a very strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PHM and TOL?
On 3 years of weekly data the PHM/TOL correlation comes out at 0.91, very strong, meaning they move nearly in lockstep. Little has changed lately, as the 1-year reading of 0.91 lands near the 3-year figure. The 5-year figure is 0.89, and annualized covariance runs at 1024.6 %².
Among the 47 assets we track against PHM, TOL ranks #4 by 3-year correlation. Over the last 12 months TOL came out ahead by 8.5 percentage points (-2.5% against +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.
PHM vs TOL: side by side
| PHM (PulteGroup) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -2.5% | +6.0% |
| 5-year return | +145.5% | +139.9% |
| Volatility (ann.) | 32.2% | 34.9% |
| Beta vs S&P 500 | 0.82 | 1.14 |
| Max drawdown (3Y) | -38.0% | -46.0% |
| Market cap | – | $13.4B |
| P/E (trailing) | 13.3 | 11.9 |
| Dividend yield | 0.77% | 0.69% |
| Sector / category | Consumer Discretionary | US Listed |
Year-by-year returns
| Year | PHM | TOL |
|---|---|---|
| 2022 | -19.2% | -30.0% |
| 2023 | +128.8% | +108.6% |
| 2024 | +6.2% | +23.4% |
| 2025 | +8.5% | +8.3% |
| 2026 | +8.6% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PHM and TOL good diversifiers for each other?
No. With a correlation of 0.91, PHM and TOL move nearly in lockstep, so holding both adds very little diversification.
FAQ
What is the correlation between PHM and TOL?
The PHM/TOL correlation stands at 0.91 on a 3-year window (1 year: 0.91, 5 years: 0.89), computed from weekly returns as of 2026-08-27.
Is TOL a good diversifier for PHM?
No. With a correlation of 0.91, PHM and TOL move nearly in lockstep, so holding both adds very little diversification.
What does a correlation of 0.91 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/phm-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/phm-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: PHM correlations · TOL correlations
