BCE vs EME: Correlation
How closely do BCE, Inc. (BCE) and Emcor (EME) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCE and EME?
On 3 years of weekly data the BCE/EME correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.02) runs above the 3-year figure (-0.19). The 5-year figure is -0.03, and annualized covariance runs at -138.8 %².
By 3-year correlation, EME places #17 of the 27 assets tracked against BCE. The last year tells two different stories: EME led by 25.9 percentage points, -1.4% for BCE against +24.5% for EME. Risk is not evenly split, since EME carries 1.6 times the volatility of the other side.
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.
BCE vs EME: side by side
| BCE (BCE, Inc.) | EME (Emcor) | |
|---|---|---|
| 1-year return | -1.4% | +24.5% |
| 5-year return | -36.8% | +540.3% |
| Volatility (ann.) | 21.5% | 34.9% |
| Beta vs S&P 500 | -0.06 | 1.31 |
| Max drawdown (3Y) | -43.5% | -36.2% |
| Market cap | $21.8B | $34.2B |
| P/E (trailing) | 4.8 | 23.8 |
| Dividend yield | 7.45% | 0.09% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | BCE | EME |
|---|---|---|
| 2022 | -10.6% | +16.8% |
| 2023 | -4.2% | +46.0% |
| 2024 | -35.5% | +111.3% |
| 2025 | +10.2% | +35.1% |
| 2026 | +0.8% | +26.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCE and EME good diversifiers for each other?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between BCE and EME?
The BCE/EME correlation stands at -0.19 on a 3-year window (1 year: 0.02, 5 years: -0.03), computed from weekly returns as of 2026-08-27.
Is EME a good diversifier for BCE?
By historical standards, yes. A correlation of -0.19 means the two rarely move for the same reasons.
What does a correlation of -0.19 mean?
A reading of -0.19 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: BCE correlations · EME correlations
