TOL vs. TPH

Last updated Jun 3, 2026

TOL (Toll Brothers, Inc.) and TPH (Tri Pointe Homes, Inc.) are both stocks. Both operate in the Residential Construction industry within the Consumer Cyclical sector. Over the past 10 years, TOL returned 18.28%/yr vs 15.92%/yr for TPH. A 0.75 correlation means they provide meaningful diversification when combined.

Performance

TOL vs. TPH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Toll Brothers, Inc. (TOL) and Tri Pointe Homes, Inc. (TPH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TOL achieves a 3.57% return, which is significantly lower than TPH's 49.19% return. Over the past 10 years, TOL has outperformed TPH with an annualized return of 18.28%, while TPH has yielded a comparatively lower 15.92% annualized return.

TOL

• 1D: 0.83%
• 1M: -0.22%
• YTD: 3.57%
• 6M: 0.68%
• 1Y: 36.10%
• 3Y*: 26.11%
• 5Y*: 18.84%
• 10Y*: 18.28%

TPH

• 1D: -0.04%
• 1M: 0.19%
• YTD: 49.19%
• 6M: 37.97%
• 1Y: 59.69%
• 3Y*: 16.33%
• 5Y*: 13.64%
• 10Y*: 15.92%

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

TOL vs. TPH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOL Toll Brothers, Inc.	3.57%	8.28%	23.45%	108.62%	-29.97%	68.43%	11.53%	21.40%	-30.69%	55.85%
TPH Tri Pointe Homes, Inc.	49.19%	-13.21%	2.43%	90.42%	-33.35%	61.68%	10.72%	42.54%	-39.01%	56.10%

Correlation

The correlation between TOL and TPH is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 1, 2013	0.75

The correlation between TOL and TPH shifts across timeframes, from 0.68 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TOL : $13.41B TPH : $4.00B
EPS TOL : $13.19 TPH : $2.08
PE Ratio TOL : 10.58 TPH : 22.59
PS Ratio TOL : 2.14 TPH : 1.27
PB Ratio TOL : 1.58 TPH : 1.21
Total Revenue (TTM) TOL : $6.37B TPH : $3.24B
Gross Profit (TTM) TOL : $2.71B TPH : $1.07B
EBITDA (TTM) TOL : $1.76B TPH : $274.34M

Return for Risk

TOL vs. TPH — Risk / Return Rank

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

TOL

TOL Risk / Return Rank: 69
TOL Sharpe Ratio Rank: 73
TOL Sortino Ratio Rank: 72
TOL Omega Ratio Rank: 67
TOL Calmar Ratio Rank: 67
TOL Martin Ratio Rank: 69

TPH

TPH Risk / Return Rank: 78
TPH Sharpe Ratio Rank: 73
TPH Sortino Ratio Rank: 80
TPH Omega Ratio Rank: 81
TPH Calmar Ratio Rank: 79
TPH Martin Ratio Rank: 77

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.

TOL vs. TPH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Toll Brothers, Inc. (TOL) and Tri Pointe Homes, Inc. (TPH). 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.

	TOL	TPH	Difference
Sharpe ratio Return per unit of total volatility	1.07	1.13	-0.06
Sortino ratio Return per unit of downside risk	1.85	2.35	-0.50
Omega ratio Gain probability vs. loss probability	1.21	1.32	-0.11
Calmar ratio Return relative to maximum drawdown	1.39	2.61	-1.22
Martin ratio Return relative to average drawdown	3.59	5.75	-2.16
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TOL vs. TPH - Sharpe Ratio Comparison

The current TOL Sharpe Ratio is 1.07, which is comparable to the TPH Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of TOL and TPH, 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

	TOL	TPH	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.07	1.13	-0.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.37	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.38	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.18	+0.12

Drawdowns

TOL vs. TPH - Drawdown Comparison

The maximum TOL drawdown since its inception was -76.39%, which is greater than TPH's maximum drawdown of -70.06%. Use the drawdown chart below to compare losses from any high point for TOL and TPH.

Drawdown Indicators

	TOL	TPH	Difference
Max Drawdown Largest peak-to-trough decline	-76.39%	-70.06%	-6.33%
Max Drawdown (1Y) Largest decline over 1 year	-25.13%	-17.47%	-7.66%
Max Drawdown (3Y) Largest decline over 3 years	-45.97%	-37.97%	-8.00%
Max Drawdown (5Y) Largest decline over 5 years	-45.97%	-47.00%	+1.03%
Max Drawdown (10Y) Largest decline over 10 years	-73.11%	-68.38%	-4.73%
Current Drawdown Current decline from peak	-15.85%	-0.04%	-15.81%
Average Drawdown Average peak-to-trough decline	-32.28%	-23.88%	-8.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.72%	7.93%	+1.79%

Volatility

TOL vs. TPH - Volatility Comparison

Toll Brothers, Inc. (TOL) has a higher volatility of 13.26% compared to Tri Pointe Homes, Inc. (TPH) at 0.48%. This indicates that TOL's price experiences larger fluctuations and is considered to be riskier than TPH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TOL	TPH	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.26%	0.48%	+12.78%
Volatility (6M) Calculated over the trailing 6-month period	24.49%	29.53%	-5.04%
Volatility (1Y) Calculated over the trailing 1-year period	33.95%	40.54%	-6.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.96%	37.27%	-1.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	41.08%	41.98%	-0.90%

Dividends

TOL vs. TPH - Dividend Comparison

TOL's dividend yield for the trailing twelve months is around 0.72%, while TPH has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
TOL Toll Brothers, Inc.	0.72%	0.72%	0.71%	0.81%	1.54%	0.86%	1.01%	1.11%	1.25%	0.50%
TPH Tri Pointe Homes, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

TOL vs. TPH - Profitability Comparison

The chart below illustrates the profitability comparison between Toll Brothers, Inc. and Tri Pointe Homes, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

TOL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Toll Brothers, Inc. reported a gross profit of 568.77M and revenue of -2.15B. Therefore, the gross margin over that period was -26.5%.

TPH - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tri Pointe Homes, Inc. reported a gross profit of 502.02M and revenue of 507.90M. Therefore, the gross margin over that period was 98.8%.

TOL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Toll Brothers, Inc. reported an operating income of 346.64M and revenue of -2.15B, resulting in an operating margin of -16.2%.

TPH - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tri Pointe Homes, Inc. reported an operating income of 4.19M and revenue of 507.90M, resulting in an operating margin of 0.8%.

TOL - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Toll Brothers, Inc. reported a net income of 260.59M and revenue of -2.15B, resulting in a net margin of -12.2%.

TPH - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tri Pointe Homes, Inc. reported a net income of 5.54M and revenue of 507.90M, resulting in a net margin of 1.1%.

Frequently Asked Questions

Can I hold both TOL and TPH in my portfolio?

TOL and TPH have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TOL or TPH?

TOL has higher volatility (13.26%) compared to TPH (0.48%). In terms of maximum drawdown, TOL dropped -76.39% vs TPH's -70.06%.

Which has better risk-adjusted returns?

TPH currently has the higher Sharpe Ratio (1.13 vs 1.07), 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.