TPL vs. PCFT.L
TPL (Texas Pacific Land Corporation) and PCFT.L (Polar Capital Global Financials Trust plc) are both stocks. TPL operates in Oil & Gas E&P (Energy), while PCFT.L operates in Collective Investments (Financial Services). Over the past 10 years, TPL returned 36.58%/yr vs 12.37%/yr for PCFT.L. At a 0.16 correlation, their price movements are largely independent.
Performance
TPL vs. PCFT.L - Performance Comparison
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Different Trading Currencies
TPL is traded in USD, while PCFT.L is traded in GBp. To make them comparable, the PCFT.L values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, TPL achieves a 32.28% return, which is significantly higher than PCFT.L's 1.73% return. Over the past 10 years, TPL has outperformed PCFT.L with an annualized return of 36.58%, while PCFT.L has yielded a comparatively lower 12.37% annualized return.
TPL
- 1D
- 2.53%
- 1M
- -2.32%
- YTD
- 32.28%
- 6M
- 35.91%
- 1Y
- 2.17%
- 3Y*
- 38.06%
- 5Y*
- 18.80%
- 10Y*
- 36.58%
PCFT.L
- 1D
- 1.82%
- 1M
- 4.40%
- YTD
- 1.73%
- 6M
- 6.32%
- 1Y
- 17.40%
- 3Y*
- 24.93%
- 5Y*
- 9.05%
- 10Y*
- 12.37%
TPL vs. PCFT.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TPL Texas Pacific Land Corporation | 32.28% | -21.61% | 115.31% | -32.40% | 91.29% | 73.25% | -4.69% | 44.58% | 21.96% | 51.18% |
PCFT.L Polar Capital Global Financials Trust plc | 1.73% | 34.09% | 29.57% | 6.13% | -18.94% | 24.25% | 3.94% | 27.95% | -17.93% | 27.21% |
Correlation
The correlation between TPL and PCFT.L is 0.02, 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 | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013 | 0.16 |
The correlation between TPL and PCFT.L shifts across timeframes, from 0.02 (1 year) to 0.18 (5 years), reflecting how their relationship changes across market environments.
Fundamentals
TPL:
$26.15B
PCFT.L:
£561.73M
TPL:
$7.30
PCFT.L:
£0.90
TPL:
51.93
PCFT.L:
2.56
TPL:
2.75
PCFT.L:
0.00
TPL:
31.17
PCFT.L:
3.04
TPL:
16.81
PCFT.L:
1.49
TPL:
$839.03M
PCFT.L:
£184.77M
TPL:
$625.27M
PCFT.L:
£181.04M
TPL:
$690.06M
PCFT.L:
£232.42M
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Return for Risk
TPL vs. PCFT.L — Risk / Return Rank
TPL
PCFT.L
TPL vs. PCFT.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Texas Pacific Land Corporation (TPL) and Polar Capital Global Financials Trust plc (PCFT.L). 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 | PCFT.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -0.81 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.16 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.13 | 0.98 | -0.85 |
| Martin ratioReturn relative to average drawdown | 0.25 | 2.82 | -2.57 |
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Drawdowns
TPL vs. PCFT.L - Drawdown Comparison
The maximum TPL drawdown since its inception was -73.05%, which is greater than PCFT.L's maximum drawdown of -47.20%. Use the drawdown chart below to compare losses from any high point for TPL and PCFT.L.
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Drawdown Indicators
| TPL | PCFT.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.05% | -47.20% | -25.85% |
Max Drawdown (1Y)Largest decline over 1 year | -31.68% | -14.63% | -17.05% |
Max Drawdown (3Y)Largest decline over 3 years | -52.22% | -14.63% | -37.59% |
Max Drawdown (5Y)Largest decline over 5 years | -52.50% | -39.96% | -12.54% |
Max Drawdown (10Y)Largest decline over 10 years | -65.46% | -47.20% | -18.26% |
Current DrawdownCurrent decline from peak | -33.65% | -3.15% | -30.50% |
Average DrawdownAverage peak-to-trough decline | -27.27% | -11.57% | -15.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.08% | 5.11% | +11.97% |
Volatility
TPL vs. PCFT.L - Volatility Comparison
Texas Pacific Land Corporation (TPL) has a higher volatility of 14.23% compared to Polar Capital Global Financials Trust plc (PCFT.L) at 3.16%. This indicates that TPL's price experiences larger fluctuations and is considered to be riskier than PCFT.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TPL | PCFT.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.23% | 3.16% | +11.07% |
Volatility (6M)Calculated over the trailing 6-month period | 38.06% | 13.51% | +24.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.87% | 17.13% | +29.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.25% | 19.93% | +26.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 47.10% | 22.47% | +24.63% |
Dividends
TPL vs. PCFT.L - Dividend Comparison
TPL's dividend yield for the trailing twelve months is around 0.60%, less than PCFT.L's 3.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCFT.L Polar Capital Global Financials Trust plc | 3.93% | 2.76% | 2.40% | 3.01% | 2.88% | 2.54% | 3.10% | 2.95% | 3.31% | 2.55% | 2.71% | 3.90% |
TPL Texas Pacific Land Corporation | 0.60% | 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. PCFT.L - Financials Comparison
This section allows you to compare key financial metrics between Texas Pacific Land Corporation and Polar Capital Global Financials Trust plc. 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
Frequently Asked Questions
TPL and PCFT.L have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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