AME vs EMR: Correlation
How closely do Ametek (AME) and Emerson Electric (EMR) trade together? Their weekly returns over three years give a correlation of 0.67, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AME and EMR?
On 3 years of weekly data the AME/EMR correlation comes out at 0.67, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.67 over 3. The 5-year figure is 0.69, and annualized covariance runs at 387.6 %².
Among the 31 assets we track against AME, EMR ranks #4 by 3-year correlation. Over the last 12 months AME came out ahead by 11.4 percentage points (+31.4% against +20.0%). The rolling one-year correlation moved between 0.36 and 0.79 over the past three years, a moderate range.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
AME vs EMR: side by side
| AME (Ametek) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +31.4% | +20.0% |
| 5-year return | +83.6% | +65.4% |
| Volatility (ann.) | 20.4% | 28.3% |
| Beta vs S&P 500 | 0.84 | 1.29 |
| Max drawdown (3Y) | -23.0% | -29.6% |
| Market cap | $55.9B | $88.0B |
| P/E (trailing) | 35.8 | 34.5 |
| Dividend yield | 0.53% | 1.39% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | AME | EMR |
|---|---|---|
| 2022 | -4.3% | +5.7% |
| 2023 | +18.8% | +3.8% |
| 2024 | +10.0% | +29.7% |
| 2025 | +14.7% | +8.9% |
| 2026 | +19.1% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AME and EMR good diversifiers for each other?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between AME and EMR?
Using weekly returns as of 2026-08-27: 0.67 over 3 years, with 0.75 over the last year and 0.69 over 5 years.
Is EMR a good diversifier for AME?
Somewhat, no more. With 0.67 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.67 mean?
A reading of 0.67 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ame-vs-emr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ame-vs-emr/)
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Related comparisons
Hubs: AME correlations · EMR correlations
