TSCO vs. TPL
TSCO (Tractor Supply Company) and TPL (Texas Pacific Land Corporation) are both stocks. TSCO operates in Specialty Retail (Consumer Cyclical), while TPL operates in Oil & Gas E&P (Energy). Over the past 10 years, TSCO returned 7.06%/yr vs 36.58%/yr for TPL. At a 0.11 correlation, their price movements are largely independent.
Performance
TSCO vs. TPL - Performance Comparison
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Returns By Period
In the year-to-date period, TSCO achieves a -36.72% return, which is significantly lower than TPL's 32.28% return. Over the past 10 years, TSCO has underperformed TPL with an annualized return of 7.06%, while TPL has yielded a comparatively higher 36.58% annualized return.
TSCO
- 1D
- -0.03%
- 1M
- 3.32%
- YTD
- -36.72%
- 6M
- -39.11%
- 1Y
- -38.10%
- 3Y*
- -8.75%
- 5Y*
- -1.51%
- 10Y*
- 7.06%
TPL
- 1D
- 2.53%
- 1M
- -1.82%
- YTD
- 32.28%
- 6M
- 35.91%
- 1Y
- 4.22%
- 3Y*
- 38.06%
- 5Y*
- 18.80%
- 10Y*
- 36.58%
TSCO vs. TPL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TSCO Tractor Supply Company | -36.72% | -4.16% | 25.43% | -2.55% | -3.97% | 71.57% | 52.33% | 13.53% | 13.34% | 0.32% |
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% |
Correlation
The correlation between TSCO and TPL is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 1994 | 0.11 |
Fundamentals
TSCO:
$2.06
TPL:
$7.30
TSCO:
15.16
TPL:
51.93
TSCO:
3.32
TPL:
2.75
TSCO:
1.07
TPL:
31.17
TSCO:
$15.52B
TPL:
$839.03M
TSCO:
$5.16B
TPL:
$625.27M
TSCO:
$1.96B
TPL:
$690.06M
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Return for Risk
TSCO vs. TPL — Risk / Return Rank
TSCO
TPL
TSCO vs. TPL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tractor Supply Company (TSCO) and Texas Pacific Land Corporation (TPL). 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.
| TSCO | TPL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -2.22 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 1.06 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | 0.13 | -0.86 |
| Martin ratioReturn relative to average drawdown | -1.67 | 0.25 | -1.92 |
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Drawdowns
TSCO vs. TPL - Drawdown Comparison
The maximum TSCO drawdown since its inception was -76.15%, roughly equal to the maximum TPL drawdown of -73.05%. Use the drawdown chart below to compare losses from any high point for TSCO and TPL.
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Drawdown Indicators
| TSCO | TPL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.15% | -73.05% | -3.10% |
Max Drawdown (1Y)Largest decline over 1 year | -52.69% | -31.68% | -21.01% |
Max Drawdown (3Y)Largest decline over 3 years | -52.69% | -52.22% | -0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -52.69% | -52.50% | -0.19% |
Max Drawdown (10Y)Largest decline over 10 years | -52.69% | -65.46% | +12.77% |
Current DrawdownCurrent decline from peak | -49.27% | -33.65% | -15.62% |
Average DrawdownAverage peak-to-trough decline | -17.46% | -27.27% | +9.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 23.00% | 17.08% | +5.92% |
Volatility
TSCO vs. TPL - Volatility Comparison
The current volatility for Tractor Supply Company (TSCO) is 11.84%, while Texas Pacific Land Corporation (TPL) has a volatility of 14.23%. This indicates that TSCO experiences smaller price fluctuations and is considered to be less risky than TPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TSCO | TPL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.84% | 14.23% | -2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 26.71% | 38.06% | -11.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.78% | 46.87% | -16.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.85% | 46.25% | -17.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.40% | 47.10% | -17.70% |
Dividends
TSCO vs. TPL - Dividend Comparison
TSCO's dividend yield for the trailing twelve months is around 3.01%, more than TPL's 0.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
TSCO Tractor Supply Company | 3.01% | 1.84% | 1.66% | 1.92% | 1.64% | 0.87% | 1.07% | 1.46% | 1.44% | 1.40% | 1.21% | 0.89% |
Financials
TSCO vs. TPL - Financials Comparison
This section allows you to compare key financial metrics between Tractor Supply Company and Texas Pacific Land Corporation. 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
TSCO vs. TPL - Profitability Comparison
TSCO - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Tractor Supply Company reported a gross profit of 997.97M and revenue of 3.90B. Therefore, the gross margin over that period was 25.6%.
TPL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 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%.
TSCO - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Tractor Supply Company reported an operating income of 297.73M and revenue of 3.90B, resulting in an operating margin of 7.6%.
TPL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 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%.
TSCO - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Tractor Supply Company reported a net income of 227.41M and revenue of 3.90B, resulting in a net margin of 5.8%.
TPL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 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%.
Frequently Asked Questions
TSCO and TPL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TPL has higher volatility (14.23%) compared to TSCO (11.84%). In terms of maximum drawdown, TSCO dropped -76.15% vs TPL's -73.05%.
TPL currently has the higher Sharpe Ratio (0.09 vs -1.25), 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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