TOST vs TROW: Correlation
Toast, Inc. (TOST) and T. Rowe Price (TROW) show a moderate relationship: their 3-year correlation of weekly returns is 0.54.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are TOST and TROW?
Across a 3-year window, the weekly returns of TOST and TROW correlate at 0.54, moderate. The past 12 months show a weaker link (0.36) than the 3-year average (0.54). Stretching to 5 years gives 0.49, with an annualized covariance of 600.5 %².
Among the 16 assets we track against TOST, TROW ranks #4 by 3-year correlation. The last year tells two different stories: TROW led by 27.9 percentage points, -19.8% for TOST against +8.1% for TROW. One caveat on sizing: TOST is 2.0 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
TOST vs TROW: side by side
| TOST (Toast, Inc.) | TROW (T. Rowe Price) | |
|---|---|---|
| 1-year return | -19.8% | +8.1% |
| 5-year return | -43.7% | -37.0% |
| Volatility (ann.) | 47.1% | 23.5% |
| Beta vs S&P 500 | 1.36 | 1.10 |
| Max drawdown (3Y) | -54.7% | -34.0% |
| Market cap | $20.3B | $24.0B |
| P/E (trailing) | 46.9 | 11.3 |
| Dividend yield | 0.00% | 4.57% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | TOST | TROW |
|---|---|---|
| 2022 | -48.1% | -42.2% |
| 2023 | +1.3% | +3.4% |
| 2024 | +99.6% | +9.7% |
| 2025 | -2.6% | -4.7% |
| 2026 | -1.0% | +12.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are TOST and TROW good diversifiers for each other?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between TOST and TROW?
The TOST/TROW correlation stands at 0.54 on a 3-year window (1 year: 0.36, 5 years: 0.49), computed from weekly returns as of 2026-08-27.
Is TROW a good diversifier for TOST?
Somewhat, no more. With 0.54 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.54 mean?
A reading of 0.54 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/tost-vs-trow.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/tost-vs-trow/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: TOST correlations · TROW correlations
