CMCO vs EMR: Correlation
Columbus McKinnon Corporation (CMCO) and Emerson Electric (EMR) show a strong relationship: their 3-year correlation of weekly returns is 0.60.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CMCO and EMR?
Over the past 3 years, CMCO and EMR moved with a correlation of 0.60, which is strong. Lately the two have moved closer together, with the 1-year correlation at 0.72 versus 0.60 over 3 years. Over 5 years the correlation is 0.61, and the annualized covariance of weekly returns is 856.1 %².
In CMCO's tracked universe of 15 assets, EMR sits right near the top at #1. Neither side won the trailing year by much: +23.3% against +20.0%. Risk is not evenly split, since CMCO carries 1.8 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.
CMCO vs EMR: side by side
| CMCO (Columbus McKinnon Corporation) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +23.3% | +20.0% |
| 5-year return | -58.0% | +65.4% |
| Volatility (ann.) | 50.1% | 28.3% |
| Beta vs S&P 500 | 1.42 | 1.29 |
| Max drawdown (3Y) | -72.8% | -29.6% |
| Market cap | $0.5B | $88.0B |
| P/E (trailing) | – | 34.5 |
| Dividend yield | 1.56% | 1.39% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | CMCO | EMR |
|---|---|---|
| 2022 | -29.3% | +5.7% |
| 2023 | +21.1% | +3.8% |
| 2024 | -3.9% | +29.7% |
| 2025 | -52.9% | +8.9% |
| 2026 | +7.8% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CMCO and EMR good diversifiers for each other?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CMCO and EMR?
Using weekly returns as of 2026-08-27: 0.60 over 3 years, with 0.72 over the last year and 0.61 over 5 years.
Is EMR a good diversifier for CMCO?
Somewhat, no more. With 0.60 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.60 mean?
A reading of 0.60 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/cmco-vs-emr.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/cmco-vs-emr/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CMCO correlations · EMR correlations
