SHW vs TOL: Correlation
Sherwin-Williams (SHW) and Toll Brothers, Inc. (TOL) show a strong relationship: their 3-year correlation of weekly returns is 0.68.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SHW and TOL?
Across a 3-year window, the weekly returns of SHW and TOL correlate at 0.68, strong. Recent behaviour matches the longer record: 0.65 over 1 year against 0.68 over 3. Stretching to 5 years gives 0.66, with an annualized covariance of 586.9 %².
Among the 60 assets we track against SHW, TOL ranks #9 by 3-year correlation. On 12-month performance TOL holds a 11.1-point edge, -5.1% 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.
SHW vs TOL: side by side
| SHW (Sherwin-Williams) | TOL (Toll Brothers, Inc.) | |
|---|---|---|
| 1-year return | -5.1% | +6.0% |
| 5-year return | +18.3% | +139.9% |
| Volatility (ann.) | 24.6% | 34.9% |
| Beta vs S&P 500 | 0.79 | 1.14 |
| Max drawdown (3Y) | -25.7% | -46.0% |
| Market cap | $83.8B | $13.4B |
| P/E (trailing) | 31.8 | 11.9 |
| Dividend yield | 0.91% | 0.69% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | SHW | TOL |
|---|---|---|
| 2022 | -32.0% | -30.0% |
| 2023 | +32.7% | +108.6% |
| 2024 | +9.9% | +23.4% |
| 2025 | -3.8% | +8.3% |
| 2026 | +7.3% | +7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SHW and TOL good diversifiers for each other?
Only partially. A correlation of 0.68 means SHW 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 SHW and TOL?
Using weekly returns as of 2026-08-27: 0.68 over 3 years, with 0.65 over the last year and 0.66 over 5 years.
Is TOL a good diversifier for SHW?
Only partially. A correlation of 0.68 means SHW 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 0.68 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/shw-vs-tol.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/shw-vs-tol/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SHW correlations · TOL correlations
