AORT vs EMBC: Correlation
How closely do Artivion, Inc. (AORT) and Embecta Corp. (EMBC) trade together? Their weekly returns over three years give a correlation of 0.47, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AORT and EMBC?
On 3 years of weekly data the AORT/EMBC correlation comes out at 0.47, moderate. The past 12 months show a tighter link (0.72) than the 3-year average (0.47). The 5-year figure is 0.37, and annualized covariance runs at 1586.6 %².
Among the 15 assets we track against AORT, EMBC ranks #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AORT ahead by 25.5 points (-39.0% versus -64.5%). One caveat on sizing: EMBC is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
AORT vs EMBC: side by side
| AORT (Artivion, Inc.) | EMBC (Embecta Corp.) | |
|---|---|---|
| 1-year return | -39.0% | -64.5% |
| 5-year return | +3.6% | -87.8% |
| Volatility (ann.) | 47.1% | 72.4% |
| Beta vs S&P 500 | 0.88 | 0.91 |
| Max drawdown (3Y) | -57.8% | -85.3% |
| Market cap | $1.3B | $0.3B |
| P/E (trailing) | – | 3.4 |
| Dividend yield | 0.00% | 9.29% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AORT | EMBC |
|---|---|---|
| 2022 | -40.4% | – |
| 2023 | +47.5% | -23.1% |
| 2024 | +59.9% | +13.6% |
| 2025 | +59.5% | -39.6% |
| 2026 | -41.5% | -57.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AORT and EMBC good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AORT and EMBC?
As of 2026-08-27, the correlation of weekly returns between AORT and EMBC is 0.47 over 3 years, 0.72 over 1 year and 0.37 over 5 years.
Is EMBC a good diversifier for AORT?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 mean?
On the −1 to +1 scale, 0.47 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aort-vs-embc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/aort-vs-embc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AORT correlations · EMBC correlations
