IBP vs. TGLS
IBP (Installed Building Products, Inc.) and TGLS (Tecnoglass Inc.) are both stocks. IBP operates in Building Products & Equipment (Industrials), while TGLS operates in Building Materials (Basic Materials). Over the past 10 years, IBP returned 21.23%/yr vs 18.23%/yr for TGLS. Their 0.31 correlation means their historical movements had little consistent relationship.
Performance
IBP vs. TGLS - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IBP having a -13.19% return and TGLS slightly higher at -13.09%. Over the past 10 years, IBP has outperformed TGLS with an annualized return of 21.23%, while TGLS has yielded a comparatively lower 18.23% annualized return.
IBP
- 1D
- -0.99%
- 1M
- -2.33%
- 6M
- -21.85%
- YTD
- -13.19%
- 1Y
- 9.34%
- 3Y*
- 15.91%
- 5Y*
- 15.01%
- 10Y*
- 21.23%
- ALL TIME*
- 27.04%
TGLS
- 1D
- -0.34%
- 1M
- -4.78%
- 6M
- -10.58%
- YTD
- -13.09%
- 1Y
- -41.78%
- 3Y*
- -2.17%
- 5Y*
- 18.77%
- 10Y*
- 18.23%
- ALL TIME*
- 13.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $88.43M | $87.29M | $109.43M | |
TGLS Tecnoglass Inc. | $10.82M | $10.19M | $12.85M |
IBP vs. TGLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBP Installed Building Products, Inc. | -13.19% | 50.59% | -3.53% | 117.57% | -37.31% | 38.43% | 48.00% | 104.42% | -55.64% | 83.90% |
TGLS Tecnoglass Inc. | -13.09% | -35.98% | 74.88% | 49.86% | 18.91% | 281.83% | -14.53% | 10.03% | 15.12% | -36.04% |
Correlation
The correlation between IBP and TGLS is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.49 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.48 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 13, 2014 | 0.31 |
The correlation between IBP and TGLS shifts across timeframes, from 0.31 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.
Fundamentals
IBP:
$6.01B
TGLS:
$1.93B
IBP:
$9.42
TGLS:
$3.26
IBP:
23.68
TGLS:
13.34
IBP:
0.82
TGLS:
0.39
IBP:
2.05
TGLS:
1.97
IBP:
9.01
TGLS:
2.64
IBP:
$2.95B
TGLS:
$1.01B
IBP:
$997.90M
TGLS:
$419.72M
IBP:
$658.40M
TGLS:
$251.16M
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Return for Risk
IBP vs. TGLS — Risk / Return Rank
IBP
TGLS
IBP vs. TGLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Installed Building Products, Inc. (IBP) and Tecnoglass Inc. (TGLS). 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.
| IBP | TGLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.30 | ||
| Sortino ratioReturn per unit of downside risk | +2.30 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.82 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.27 | -0.81 | +1.09 |
| Martin ratioReturn relative to average drawdown | 0.59 | -1.13 | +1.72 |
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Drawdowns
IBP vs. TGLS - Drawdown Comparison
The maximum IBP drawdown since its inception was -61.75%, smaller than the maximum TGLS drawdown of -81.32%. Use the drawdown chart below to compare losses from any high point for IBP and TGLS.
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Drawdown Indicators
| IBP | TGLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.75% | -81.32% | +19.57% |
Max Drawdown (1Y)Largest decline over 1 year | -42.70% | -53.83% | +11.13% |
Max Drawdown (3Y)Largest decline over 3 years | -42.70% | -56.55% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -48.38% | -56.55% | +8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -61.75% | -77.98% | +16.23% |
Current DrawdownCurrent decline from peak | -34.58% | -50.19% | +15.61% |
Average DrawdownAverage peak-to-trough decline | -17.08% | -23.25% | +6.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 19.80% | 38.74% | -18.94% |
Volatility
IBP vs. TGLS - Volatility Comparison
The current volatility for Installed Building Products, Inc. (IBP) is 10.83%, while Tecnoglass Inc. (TGLS) has a volatility of 12.17%. This indicates that IBP experiences smaller price fluctuations and is considered to be less risky than TGLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBP | TGLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.83% | 12.17% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 45.96% | 29.77% | +16.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 54.37% | 40.21% | +14.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.09% | 53.19% | -7.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.02% | 54.34% | -5.32% |
Dividends
IBP vs. TGLS - Dividend Comparison
IBP's dividend yield for the trailing twelve months is around 1.49%, more than TGLS's 1.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
IBP Installed Building Products, Inc. | 1.49% | 1.23% | 0.80% | 1.21% | 2.52% | 0.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TGLS Tecnoglass Inc. | 1.38% | 1.19% | 0.61% | 0.79% | 0.91% | 0.56% | 1.59% | 6.79% | 5.20% | 7.21% | 2.04% |
Financials
IBP vs. TGLS - Financials Comparison
This section allows you to compare key financial metrics between Installed Building Products, Inc. and Tecnoglass Inc.. 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
IBP vs. TGLS - Profitability Comparison
IBP - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Installed Building Products, Inc. reported a gross profit of 212.30M and revenue of 660.50M. Therefore, the gross margin over that period was 32.1%.
TGLS - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Tecnoglass Inc. reported a gross profit of 95.83M and revenue of 249.01M. Therefore, the gross margin over that period was 38.5%.
IBP - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Installed Building Products, Inc. reported an operating income of 57.60M and revenue of 660.50M, resulting in an operating margin of 8.7%.
TGLS - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Tecnoglass Inc. reported an operating income of 44.94M and revenue of 249.01M, resulting in an operating margin of 18.1%.
IBP - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Installed Building Products, Inc. reported a net income of 34.80M and revenue of 660.50M, resulting in a net margin of 5.3%.
TGLS - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Tecnoglass Inc. reported a net income of 31.89M and revenue of 249.01M, resulting in a net margin of 12.8%.
Frequently Asked Questions
IBP and TGLS have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TGLS has higher volatility (12.17%) compared to IBP (10.83%). In terms of maximum drawdown, IBP dropped -61.75% vs TGLS's -81.32%.
IBP currently has the higher Sharpe Ratio (0.21 vs -1.09), 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.
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