TGLS vs. IBP

Last updated Jun 3, 2026

TGLS (Tecnoglass Inc.) and IBP (Installed Building Products, Inc.) are both stocks. TGLS operates in Building Materials (Basic Materials), while IBP operates in Building Products & Equipment (Industrials). Over the past 10 years, TGLS returned 17.16%/yr vs 20.47%/yr for IBP. At a 0.31 correlation, their price movements are largely independent.

Performance

TGLS vs. IBP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Tecnoglass Inc. (TGLS) and Installed Building Products, Inc. (IBP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TGLS achieves a -12.75% return, which is significantly higher than IBP's -20.60% return. Over the past 10 years, TGLS has underperformed IBP with an annualized return of 17.16%, while IBP has yielded a comparatively higher 20.47% annualized return.

TGLS

• 1D: 0.41%
• 1M: 2.77%
• YTD: -12.75%
• 6M: -11.97%
• 1Y: -47.83%
• 3Y*: 3.32%
• 5Y*: 17.28%
• 10Y*: 17.16%

IBP

• 1D: 1.24%
• 1M: -29.60%
• YTD: -20.60%
• 6M: -21.65%
• 1Y: 30.17%
• 3Y*: 23.13%
• 5Y*: 13.57%
• 10Y*: 20.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

TGLS vs. IBP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TGLS Tecnoglass Inc.	-12.75%	-35.98%	74.88%	49.86%	18.91%	281.83%	-14.53%	10.03%	15.12%	-36.04%
IBP Installed Building Products, Inc.	-20.60%	50.59%	-3.53%	117.57%	-37.31%	38.43%	48.00%	104.42%	-55.64%	83.90%

Correlation

The correlation between TGLS and IBP is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 14, 2014	0.31

The correlation between TGLS and IBP shifts across timeframes, from 0.31 (all time) to 0.49 (3 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TGLS : $1.95B IBP : $5.51B
EPS TGLS : $3.24 IBP : $9.39
PE Ratio TGLS : 13.52 IBP : 21.77
PEG Ratio TGLS : 0.40 IBP : 0.75
PS Ratio TGLS : 2.00 IBP : 1.88
PB Ratio TGLS : 2.66 IBP : 8.25
Total Revenue (TTM) TGLS : $1.01B IBP : $2.95B
Gross Profit (TTM) TGLS : $419.72M IBP : $997.90M
EBITDA (TTM) TGLS : $251.16M IBP : $658.40M

Return for Risk

TGLS vs. IBP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TGLS

TGLS Risk / Return Rank: 5
TGLS Sharpe Ratio Rank: 2
TGLS Sortino Ratio Rank: 3
TGLS Omega Ratio Rank: 4
TGLS Calmar Ratio Rank: 8
TGLS Martin Ratio Rank: 11

IBP

IBP Risk / Return Rank: 58
IBP Sharpe Ratio Rank: 60
IBP Sortino Ratio Rank: 55
IBP Omega Ratio Rank: 58
IBP Calmar Ratio Rank: 56
IBP Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TGLS vs. IBP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Tecnoglass Inc. (TGLS) and Installed Building Products, Inc. (IBP). 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.

	TGLS	IBP	Difference
Sharpe ratio Return per unit of total volatility	-1.23	0.55	-1.78
Sortino ratio Return per unit of downside risk	-1.90	1.11	-3.01
Omega ratio Gain probability vs. loss probability	0.79	1.16	-0.37
Calmar ratio Return relative to maximum drawdown	-0.86	0.73	-1.58
Martin ratio Return relative to average drawdown	-1.29	2.18	-3.47
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TGLS vs. IBP - Sharpe Ratio Comparison

The current TGLS Sharpe Ratio is -1.23, which is lower than the IBP Sharpe Ratio of 0.55. The chart below compares the historical Sharpe Ratios of TGLS and IBP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TGLS	IBP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.23	0.55	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.30	+0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.42	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.55	-0.27

Drawdowns

TGLS vs. IBP - Drawdown Comparison

The maximum TGLS drawdown since its inception was -81.32%, which is greater than IBP's maximum drawdown of -61.75%. Use the drawdown chart below to compare losses from any high point for TGLS and IBP.

Drawdown Indicators

	TGLS	IBP	Difference
Max Drawdown Largest peak-to-trough decline	-81.32%	-61.75%	-19.57%
Max Drawdown (1Y) Largest decline over 1 year	-56.55%	-40.89%	-15.66%
Max Drawdown (3Y) Largest decline over 3 years	-56.55%	-42.14%	-14.41%
Max Drawdown (5Y) Largest decline over 5 years	-56.55%	-48.38%	-8.17%
Max Drawdown (10Y) Largest decline over 10 years	-77.98%	-61.75%	-16.23%
Current Drawdown Current decline from peak	-50.00%	-40.16%	-9.84%
Average Drawdown Average peak-to-trough decline	-22.90%	-16.84%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	37.47%	13.66%	+23.81%

Volatility

TGLS vs. IBP - Volatility Comparison

The current volatility for Tecnoglass Inc. (TGLS) is 15.80%, while Installed Building Products, Inc. (IBP) has a volatility of 35.85%. This indicates that TGLS experiences smaller price fluctuations and is considered to be less risky than IBP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TGLS	IBP	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.80%	35.85%	-20.05%
Volatility (6M) Calculated over the trailing 6-month period	29.62%	45.96%	-16.34%
Volatility (1Y) Calculated over the trailing 1-year period	39.12%	54.77%	-15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.99%	45.80%	+8.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	54.26%	48.82%	+5.44%

Dividends

TGLS vs. IBP - Dividend Comparison

TGLS's dividend yield for the trailing twelve months is around 1.37%, less than IBP's 1.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IBP Installed Building Products, Inc.	1.62%	1.23%	0.80%	1.21%	2.52%	0.86%	0.00%	0.00%	0.00%	0.00%	0.00%
TGLS Tecnoglass Inc.	1.37%	1.19%	0.61%	0.79%	0.91%	0.56%	1.59%	6.79%	5.20%	7.21%	2.04%

Financials

TGLS vs. IBP - Profitability Comparison

The chart below illustrates the profitability comparison between Tecnoglass Inc. and Installed Building Products, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TGLS - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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 - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tecnoglass Inc. reported an operating income of 44.94M and revenue of 249.01M, resulting in an operating margin of 18.1%.

IBP - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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 - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tecnoglass Inc. reported a net income of 31.89M and revenue of 249.01M, resulting in a net margin of 12.8%.

IBP - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.

Frequently Asked Questions

Can I hold both TGLS and IBP in my portfolio?

TGLS and IBP have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TGLS or IBP?

IBP has higher volatility (35.85%) compared to TGLS (15.80%). In terms of maximum drawdown, TGLS dropped -81.32% vs IBP's -61.75%.

Which has better risk-adjusted returns?

IBP currently has the higher Sharpe Ratio (0.55 vs -1.23), 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.