CRVL vs. TPL
CRVL (CorVel Corporation) and TPL (Texas Pacific Land Corporation) are both stocks. CRVL operates in Insurance Brokers (Financial Services), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, CRVL returned 15.78%/yr vs 37.32%/yr for TPL. At a 0.08 correlation, their price movements are largely independent.
Performance
CRVL vs. TPL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CRVL achieves a -8.70% return, which is significantly lower than TPL's 36.51% return. Over the past 10 years, CRVL has underperformed TPL with an annualized return of 15.78%, while TPL has yielded a comparatively higher 37.32% annualized return.
CRVL
- 1D
- -0.24%
- 1M
- 1.20%
- YTD
- -8.70%
- 6M
- -10.31%
- 1Y
- -39.83%
- 3Y*
- -1.23%
- 5Y*
- 7.11%
- 10Y*
- 15.78%
TPL
- 1D
- 3.57%
- 1M
- -2.11%
- YTD
- 36.51%
- 6M
- 32.46%
- 1Y
- 13.91%
- 3Y*
- 40.97%
- 5Y*
- 18.85%
- 10Y*
- 37.32%
CRVL vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CRVL CorVel Corporation | -8.70% | -39.18% | 35.02% | 70.10% | -30.13% | 96.23% | 21.34% | 41.54% | 16.67% | 44.54% |
TPL Texas Pacific Land Corporation | 36.51% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
Correlation
The correlation between CRVL and TPL is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 1991 | 0.08 |
The correlation between CRVL and TPL shifts across timeframes, from 0.00 (1 year) to 0.17 (10 years), reflecting how their relationship changes across market environments.
Fundamentals
CRVL:
$3.17B
TPL:
$26.99B
CRVL:
$2.14
TPL:
$7.30
CRVL:
28.90
TPL:
53.60
CRVL:
1.95
TPL:
2.84
CRVL:
3.33
TPL:
32.17
CRVL:
8.04
TPL:
17.34
CRVL:
$958.53M
TPL:
$839.03M
CRVL:
$232.86M
TPL:
$625.27M
CRVL:
$166.41M
TPL:
$690.06M
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CRVL vs. TPL — Risk / Return Rank
CRVL
TPL
CRVL vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for CorVel Corporation (CRVL) and Texas Pacific Land Corporation (TPL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| CRVL | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.93 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.10 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 0.41 | -1.12 |
| Martin ratioReturn relative to average drawdown | -1.12 | 0.85 | -1.97 |
Loading charts...
Drawdowns
CRVL vs. TPL - Drawdown Comparison
The maximum CRVL drawdown since its inception was -67.12%, smaller than the maximum TPL drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for CRVL and TPL.
Loading charts...
Drawdown Indicators
| CRVL | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.12% | -73.05% | +5.93% |
Max Drawdown (1Y)Largest decline over 1 year | -55.91% | -34.23% | -21.68% |
Max Drawdown (3Y)Largest decline over 3 years | -64.19% | -52.22% | -11.97% |
Max Drawdown (5Y)Largest decline over 5 years | -64.19% | -52.50% | -11.69% |
Max Drawdown (10Y)Largest decline over 10 years | -64.19% | -65.46% | +1.27% |
Current DrawdownCurrent decline from peak | -51.91% | -31.52% | -20.39% |
Average DrawdownAverage peak-to-trough decline | -20.40% | -27.27% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 35.60% | 16.32% | +19.28% |
Volatility
CRVL vs. TPL - Volatility Comparison
The current volatility for CorVel Corporation (CRVL) is 12.34%, while Texas Pacific Land Corporation (TPL) has a volatility of 15.45%. This indicates that CRVL experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| CRVL | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.34% | 15.45% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 39.40% | 37.38% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.55% | 47.14% | -5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.43% | 46.26% | -12.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.40% | 47.15% | -12.75% |
Dividends
CRVL vs. TPL - Dividend Comparison
CRVL has not paid dividends to shareholders, while TPL's dividend yield for the trailing twelve months is around 0.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CRVL CorVel Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TPL Texas Pacific Land Corporation | 0.58% | 0.74% | 1.37% | 0.83% | 1.37% | 0.88% | 2.20% | 0.22% | 0.55% | 0.30% | 0.10% | 0.22% |
Financials
CRVL vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between CorVel Corporation and Texas Pacific Land Corporation. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
CRVL vs. TPL - Profitability Comparison
CRVL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported a gross profit of 63.01M and revenue of 248.55M. Therefore, the gross margin over that period was 25.4%.
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a gross profit of 0.00 and revenue of 236.82M. Therefore, the gross margin over that period was 0.0%.
CRVL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported an operating income of 39.72M and revenue of 248.55M, resulting in an operating margin of 16.0%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported an operating income of 182.33M and revenue of 236.82M, resulting in an operating margin of 77.0%.
CRVL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, CorVel Corporation reported a net income of 31.03M and revenue of 248.55M, resulting in a net margin of 12.5%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Texas Pacific Land Corporation reported a net income of 142.90M and revenue of 236.82M, resulting in a net margin of 60.3%.
Frequently Asked Questions
CRVL and TPL have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (15.45%) compared to CRVL (12.34%). In terms of maximum drawdown, CRVL dropped -67.12% vs TPL's -73.05%.
TPL currently has the higher Sharpe Ratio (0.30 vs -0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for CRVL and TPL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer