TPL vs. JNJ

Last updated Jul 21, 2026

TPL (Texas Pacific Land Corporation) and JNJ (Johnson & Johnson) are both stocks. TPL operates in Oil & Gas E&P (Energy), while JNJ operates in Drug Manufacturers - General (Healthcare). Over the past 10 years, TPL returned 37.28%/yr vs 10.10%/yr for JNJ. At a 0.08 correlation, their price movements are largely independent.

Performance

TPL vs. JNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Texas Pacific Land Corporation (TPL) and Johnson & Johnson (JNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TPL achieves a 41.69% return, which is significantly higher than JNJ's 21.57% return. Over the past 10 years, TPL has outperformed JNJ with an annualized return of 37.28%, while JNJ has yielded a comparatively lower 10.10% annualized return.

TPL

• 1D: -2.36%
• 1M: 14.29%
• 6M: 20.59%
• YTD: 41.69%
• 1Y: 22.88%
• 3Y*: 36.95%
• 5Y*: 20.54%
• 10Y*: 37.28%
• ALL TIME*: 20.04%

JNJ

• 1D: -1.67%
• 1M: 8.95%
• 6M: 15.06%
• YTD: 21.57%
• 1Y: 55.80%
• 3Y*: 16.86%
• 5Y*: 11.06%
• 10Y*: 10.10%
• ALL TIME*: 12.23%

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

TPL vs. JNJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPL Texas Pacific Land Corporation	41.69%	-21.61%	115.31%	-32.40%	91.29%	73.25%	-4.69%	44.58%	21.96%	51.18%
JNJ Johnson & Johnson	21.57%	47.48%	-4.81%	-8.58%	5.97%	11.44%	10.82%	16.22%	-5.13%	24.43%

Correlation

The correlation between TPL and JNJ is 0.04, 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	0.04
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.05
Correlation (10Y) Calculated over the trailing 10-year period	0.09
Correlation (All Time) Calculated using the full available price history since Dec 31, 1987	0.08

Fundamentals

Market Cap TPL : $27.99B JNJ : $598.96B
EPS TPL : $7.30 JNJ : $8.63
PE Ratio TPL : 55.63 JNJ : 28.83
PEG Ratio TPL : 2.94 JNJ : 0.96
PS Ratio TPL : 33.39 JNJ : 6.29
PB Ratio TPL : 18.00 JNJ : 7.49
Total Revenue (TTM) TPL : $839.03M JNJ : $96.36B
Gross Profit (TTM) TPL : $625.27M JNJ : $66.60B
EBITDA (TTM) TPL : $690.06M JNJ : $31.62B

Return for Risk

TPL vs. JNJ — Risk / Return Rank

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

TPL

TPL Risk / Return Rank: 61
TPL Sharpe Ratio Rank: 62
TPL Sortino Ratio Rank: 59
TPL Omega Ratio Rank: 59
TPL Calmar Ratio Rank: 61
TPL Martin Ratio Rank: 62

JNJ

JNJ Risk / Return Rank: 96
JNJ Sharpe Ratio Rank: 97
JNJ Sortino Ratio Rank: 98
JNJ Omega Ratio Rank: 96
JNJ Calmar Ratio Rank: 95
JNJ Martin Ratio Rank: 95

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.

TPL vs. JNJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Johnson & Johnson (JNJ). 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.

	TPL	JNJ	Difference
Sharpe ratio: Return per unit of total volatility	0.48	3.11	-2.62
Sortino ratio: Return per unit of downside risk	0.98	4.29	-3.31
Omega ratio: Gain probability vs. loss probability	1.13	1.53	-0.40
Calmar ratio: Return relative to maximum drawdown	0.67	5.12	-4.45
Martin ratio: Return relative to average drawdown	1.49	14.40	-12.90

TPL vs. JNJ - Sharpe Ratio Comparison

The current TPL Sharpe Ratio is 0.48, which is lower than the JNJ Sharpe Ratio of 3.11. The chart below compares the historical Sharpe Ratios of TPL and JNJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TPL vs. JNJ - Drawdown Comparison

The maximum TPL drawdown since its inception was -73.05%, which is greater than JNJ's maximum drawdown of -50.67%. Use the drawdown chart below to compare losses from any high point for TPL and JNJ.

Drawdown Indicators

	TPL	JNJ	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-50.67%	-22.38%
Max Drawdown (1Y) Largest decline over 1 year	-34.23%	-10.96%	-23.27%
Max Drawdown (3Y) Largest decline over 3 years	-52.22%	-15.95%	-36.27%
Max Drawdown (5Y) Largest decline over 5 years	-52.50%	-18.41%	-34.09%
Max Drawdown (10Y) Largest decline over 10 years	-65.46%	-27.37%	-38.09%
Current Drawdown Current decline from peak	-28.92%	-6.89%	-22.03%
Average Drawdown Average peak-to-trough decline	-27.27%	-11.88%	-15.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	15.40%	3.89%	+11.51%

Volatility

TPL vs. JNJ - Volatility Comparison

Texas Pacific Land Corporation (TPL) has a higher volatility of 11.61% compared to Johnson & Johnson (JNJ) at 9.47%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than JNJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPL	JNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.61%	9.47%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	37.08%	14.38%	+22.70%
Volatility (1Y) Calculated over the trailing 1-year period	47.66%	18.08%	+29.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.23%	17.34%	+28.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.27%	18.70%	+28.57%

Dividends

TPL vs. JNJ - Dividend Comparison

TPL's dividend yield for the trailing twelve months is around 0.56%, less than JNJ's 2.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JNJ Johnson & Johnson	2.11%	2.48%	3.40%	3.00%	2.52%	2.45%	2.53%	2.57%	2.74%	2.38%	2.73%	2.87%
TPL Texas Pacific Land Corporation	0.56%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Financials

TPL vs. JNJ - Profitability Comparison

The chart below illustrates the profitability comparison between Texas Pacific Land Corporation and Johnson & Johnson over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

Portfolio components

TPL - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 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%.

JNJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jul 2026, Johnson & Johnson reported a gross profit of 17.20B and revenue of 24.06B. Therefore, the gross margin over that period was 71.5%.

TPL - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 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%.

JNJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jul 2026, Johnson & Johnson reported an operating income of 6.40B and revenue of 24.06B, resulting in an operating margin of 26.6%.

TPL - Net Margin

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

JNJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jul 2026, Johnson & Johnson reported a net income of 5.24B and revenue of 24.06B, resulting in a net margin of 21.8%.

Frequently Asked Questions

Can I hold both TPL and JNJ in my portfolio?

TPL and JNJ have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TPL or JNJ?

TPL has higher volatility (11.61%) compared to JNJ (9.47%). In terms of maximum drawdown, TPL dropped -73.05% vs JNJ's -50.67%.

Which has better risk-adjusted returns?

JNJ currently has the higher Sharpe Ratio (3.11 vs 0.48), 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.