TPB vs. BX
TPB (Turning Point Brands, Inc.) and BX (Blackstone Inc.) are both stocks. TPB operates in Tobacco (Consumer Defensive), while BX operates in Asset Management (Financial Services). Over the past 10 years, TPB returned 23.67%/yr vs 22.60%/yr for BX. At a 0.22 correlation, their price movements are largely independent.
Performance
TPB vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, TPB achieves a -25.89% return, which is significantly lower than BX's -20.47% return. Both investments have delivered pretty close results over the past 10 years, with TPB having a 23.67% annualized return and BX not far behind at 22.60%.
TPB
- 1D
- 6.27%
- 1M
- -10.81%
- YTD
- -25.89%
- 6M
- -24.92%
- 1Y
- 7.28%
- 3Y*
- 52.66%
- 5Y*
- 13.44%
- 10Y*
- 23.67%
BX
- 1D
- -2.59%
- 1M
- 1.32%
- YTD
- -20.47%
- 6M
- -20.99%
- 1Y
- -10.04%
- 3Y*
- 14.47%
- 5Y*
- 7.41%
- 10Y*
- 22.60%
TPB vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPB Turning Point Brands, Inc. | -25.89% | 81.04% | 130.09% | 23.06% | -42.19% | -14.79% | 57.08% | 5.63% | 29.57% | 72.88% |
BX Blackstone Inc. | -20.47% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between TPB and BX is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since May 11, 2016 | 0.22 |
The correlation between TPB and BX shifts across timeframes, from 0.14 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TPB:
$1.56B
BX:
$94.09B
TPB:
$3.04
BX:
$3.90
TPB:
26.41
BX:
30.76
TPB:
0.48
BX:
11.31
TPB:
3.17
BX:
6.27
TPB:
4.05
BX:
11.24
TPB:
$480.90M
BX:
$14.99B
TPB:
$273.00M
BX:
$13.12B
TPB:
$102.45M
BX:
$7.37B
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Return for Risk
TPB vs. BX — Risk / Return Rank
TPB
BX
TPB vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Turning Point Brands, Inc. (TPB) and Blackstone Inc. (BX). 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.
| TPB | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 0.98 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | -0.23 | +0.37 |
| Martin ratioReturn relative to average drawdown | 0.31 | -0.41 | +0.72 |
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Drawdowns
TPB vs. BX - Drawdown Comparison
The maximum TPB drawdown since its inception was -72.75%, smaller than the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for TPB and BX.
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Drawdown Indicators
| TPB | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -72.75% | -88.09% | +15.34% |
Max Drawdown (1Y)Largest decline over 1 year | -50.58% | -44.76% | -5.82% |
Max Drawdown (3Y)Largest decline over 3 years | -50.58% | -46.50% | -4.08% |
Max Drawdown (5Y)Largest decline over 5 years | -63.15% | -49.29% | -13.86% |
Max Drawdown (10Y)Largest decline over 10 years | -72.75% | -49.29% | -23.46% |
Current DrawdownCurrent decline from peak | -43.81% | -36.51% | -7.30% |
Average DrawdownAverage peak-to-trough decline | -28.76% | -26.40% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.25% | 24.71% | -1.46% |
Volatility
TPB vs. BX - Volatility Comparison
Turning Point Brands, Inc. (TPB) has a higher volatility of 15.44% compared to Blackstone Inc. (BX) at 12.20%. This indicates that TPB's price experiences larger fluctuations and is considered to be riskier than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPB | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.44% | 12.20% | +3.24% |
Volatility (6M)Calculated over the trailing 6-month period | 46.69% | 28.75% | +17.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 52.33% | 35.05% | +17.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 42.55% | 39.46% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.18% | 35.76% | +11.42% |
Dividends
TPB vs. BX - Dividend Comparison
TPB's dividend yield for the trailing twelve months is around 0.39%, less than BX's 4.14% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.14% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
TPB Turning Point Brands, Inc. | 0.39% | 0.28% | 0.47% | 0.99% | 1.11% | 0.58% | 0.45% | 0.63% | 0.61% | 0.19% | 0.00% | 0.00% |
Financials
TPB vs. BX - Financials Comparison
This section allows you to compare key financial metrics between Turning Point Brands, Inc. and Blackstone 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
TPB vs. BX - Profitability Comparison
TPB - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Turning Point Brands, Inc. reported a gross profit of 68.30M and revenue of 124.28M. Therefore, the gross margin over that period was 55.0%.
BX - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a gross profit of 4.04B and revenue of 4.10B. Therefore, the gross margin over that period was 98.5%.
TPB - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Turning Point Brands, Inc. reported an operating income of 12.48M and revenue of 124.28M, resulting in an operating margin of 10.1%.
BX - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported an operating income of 1.59B and revenue of 4.10B, resulting in an operating margin of 38.8%.
TPB - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Turning Point Brands, Inc. reported a net income of 13.94M and revenue of 124.28M, resulting in a net margin of 11.2%.
BX - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Blackstone Inc. reported a net income of 649.73M and revenue of 4.10B, resulting in a net margin of 15.8%.
Frequently Asked Questions
TPB and BX have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPB has higher volatility (15.44%) compared to BX (12.20%). In terms of maximum drawdown, TPB dropped -72.75% vs BX's -88.09%.
TPB currently has the higher Sharpe Ratio (0.14 vs -0.29), 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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