CARR vs EJH: Correlation
Measured on weekly returns over the past three years, Carrier Global (CARR) and E-Home Household Service Holdings Limited (EJH) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CARR and EJH?
On 3 years of weekly data the CARR/EJH correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.06) than the 3-year average (-0.17). The 5-year figure is -0.07, and annualized covariance runs at -916.0 %².
Among the 29 assets we track against CARR, EJH ranks #21 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CARR ahead by 84.4 points (-11.6% versus -96.0%). One caveat on sizing: EJH is 5.1 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.
CARR vs EJH: side by side
| CARR (Carrier Global) | EJH (E-Home Household Service Holdings Limited) | |
|---|---|---|
| 1-year return | -11.6% | -96.0% |
| 5-year return | +8.8% | -100.0% |
| Volatility (ann.) | 32.6% | 167.4% |
| Beta vs S&P 500 | 1.21 | -1.07 |
| Max drawdown (3Y) | -38.1% | -100.0% |
| Market cap | $48.5B | – |
| P/E (trailing) | 42.0 | 0.0 |
| Dividend yield | 1.61% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | CARR | EJH |
|---|---|---|
| 2022 | -22.7% | -98.5% |
| 2023 | +41.5% | -90.7% |
| 2024 | +20.3% | -99.7% |
| 2025 | -21.8% | -97.6% |
| 2026 | +12.6% | -93.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CARR and EJH good diversifiers for each other?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between CARR and EJH?
As of 2026-08-27, the correlation of weekly returns between CARR and EJH is -0.17 over 3 years, 0.06 over 1 year and -0.07 over 5 years.
Is EJH a good diversifier for CARR?
Yes: at -0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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/carr-vs-ejh.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/carr-vs-ejh/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CARR correlations · EJH correlations
