TPL vs. NECB

Last updated Jun 9, 2026

TPL (Texas Pacific Land Corporation) and NECB (Northeast Community Bancorp, Inc.) are both stocks. TPL operates in Oil & Gas E&P (Energy), while NECB operates in Banks - Regional (Financial Services). Over the past 10 years, TPL returned 37.24%/yr vs 20.05%/yr for NECB. At a 0.10 correlation, their price movements are largely independent.

Performance

TPL vs. NECB - Performance Comparison

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

Returns By Period

In the year-to-date period, TPL achieves a 38.29% return, which is significantly higher than NECB's 12.47% return. Over the past 10 years, TPL has outperformed NECB with an annualized return of 37.24%, while NECB has yielded a comparatively lower 20.05% annualized return.

TPL

• 1D: 1.63%
• 1M: 0.65%
• YTD: 38.29%
• 6M: 31.79%
• 1Y: 7.42%
• 3Y*: 38.29%
• 5Y*: 19.99%
• 10Y*: 37.24%

NECB

• 1D: 0.00%
• 1M: 2.21%
• YTD: 12.47%
• 6M: 16.17%
• 1Y: 16.71%
• 3Y*: 24.55%
• 5Y*: 19.82%
• 10Y*: 20.05%

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

TPL vs. NECB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TPL Texas Pacific Land Corporation	38.29%	-21.61%	115.31%	-32.40%	91.29%	73.25%	-4.69%	44.58%	21.96%	51.18%
NECB Northeast Community Bancorp, Inc.	12.47%	-3.51%	41.77%	20.41%	38.91%	10.09%	16.28%	9.72%	11.13%	29.67%

Correlation

The correlation between TPL and NECB 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	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.15
Correlation (10Y) Calculated over the trailing 10-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jul 7, 2006	0.10

The correlation between TPL and NECB shifts across timeframes, from -0.04 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.

Fundamentals

Market Cap TPL : $27.34B NECB : $338.05M
EPS TPL : $7.30 NECB : $2.49
PE Ratio TPL : 54.30 NECB : 10.03
PEG Ratio TPL : 2.87 NECB : 0.18
PS Ratio TPL : 32.59 NECB : 2.90
PB Ratio TPL : 17.57 NECB : 0.95
Total Revenue (TTM) TPL : $839.03M NECB : $116.88M
Gross Profit (TTM) TPL : $625.27M NECB : $77.77M
EBITDA (TTM) TPL : $690.06M NECB : $48.19M

Return for Risk

TPL vs. NECB — Risk / Return Rank

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

TPL

TPL Risk / Return Rank: 47
TPL Sharpe Ratio Rank: 48
TPL Sortino Ratio Rank: 45
TPL Omega Ratio Rank: 45
TPL Calmar Ratio Rank: 48
TPL Martin Ratio Rank: 47

NECB

NECB Risk / Return Rank: 59
NECB Sharpe Ratio Rank: 63
NECB Sortino Ratio Rank: 58
NECB Omega Ratio Rank: 55
NECB Calmar Ratio Rank: 61
NECB Martin Ratio Rank: 60

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. NECB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Northeast Community Bancorp, Inc. (NECB). 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.

	TPL	NECB	Difference
Sharpe ratio: Return per unit of total volatility	0.16	0.63	-0.47
Sortino ratio: Return per unit of downside risk	0.56	1.10	-0.55
Omega ratio: Gain probability vs. loss probability	1.07	1.12	-0.05
Calmar ratio: Return relative to maximum drawdown	0.24	0.89	-0.66
Martin ratio: Return relative to average drawdown	0.45	1.82	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TPL vs. NECB - Sharpe Ratio Comparison

The current TPL Sharpe Ratio is 0.16, which is lower than the NECB Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of TPL and NECB, 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

	TPL	NECB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.16	0.63	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	0.80	-0.37
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.79	0.69	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.23	+0.32

Drawdowns

TPL vs. NECB - Drawdown Comparison

The maximum TPL drawdown since its inception was -73.05%, which is greater than NECB's maximum drawdown of -61.91%. Use the drawdown chart below to compare losses from any high point for TPL and NECB.

Drawdown Indicators

	TPL	NECB	Difference
Max Drawdown Largest peak-to-trough decline	-73.05%	-61.91%	-11.14%
Max Drawdown (1Y) Largest decline over 1 year	-31.68%	-18.77%	-12.91%
Max Drawdown (3Y) Largest decline over 3 years	-52.22%	-34.54%	-17.68%
Max Drawdown (5Y) Largest decline over 5 years	-52.50%	-34.54%	-17.96%
Max Drawdown (10Y) Largest decline over 10 years	-65.46%	-47.80%	-17.66%
Current Drawdown Current decline from peak	-30.63%	-14.67%	-15.96%
Average Drawdown Average peak-to-trough decline	-27.27%	-24.87%	-2.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	16.65%	9.20%	+7.45%

Volatility

TPL vs. NECB - Volatility Comparison

Texas Pacific Land Corporation (TPL) has a higher volatility of 14.07% compared to Northeast Community Bancorp, Inc. (NECB) at 5.72%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than NECB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TPL	NECB	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.07%	5.72%	+8.35%
Volatility (6M) Calculated over the trailing 6-month period	37.91%	16.20%	+21.71%
Volatility (1Y) Calculated over the trailing 1-year period	46.71%	26.81%	+19.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.23%	24.87%	+21.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	47.10%	29.13%	+17.97%

Dividends

TPL vs. NECB - Dividend Comparison

TPL's dividend yield for the trailing twelve months is around 0.57%, less than NECB's 4.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
NECB Northeast Community Bancorp, Inc.	4.00%	4.20%	2.29%	1.01%	2.82%	1.82%	1.09%	1.00%	1.08%	1.19%	1.52%	1.69%
TPL Texas Pacific Land Corporation	0.57%	0.74%	1.37%	0.83%	1.37%	0.88%	2.20%	0.22%	0.55%	0.30%	0.10%	0.22%

Financials

Frequently Asked Questions

Can I hold both TPL and NECB in my portfolio?

TPL and NECB 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 NECB?

TPL has higher volatility (14.07%) compared to NECB (5.72%). In terms of maximum drawdown, TPL dropped -73.05% vs NECB's -61.91%.

Which has better risk-adjusted returns?

NECB currently has the higher Sharpe Ratio (0.63 vs 0.16), 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.