DIA vs EMR: Correlation
How closely do SPDR Dow Jones Industrial Average ETF (DIA) and Emerson Electric (EMR) trade together? Their weekly returns over three years give a correlation of 0.69, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DIA and EMR?
Over the past 3 years, DIA and EMR moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.67 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 253.9 %².
Among the 116 assets we track against DIA, EMR ranks #40 by 3-year correlation. Neither side won the trailing year by much: +19.2% against +20.0%. The rolling one-year correlation moved between 0.36 and 0.84 over the past three years, a moderate range. One caveat on sizing: EMR is 2.2 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.
DIA vs EMR: side by side
| DIA (SPDR Dow Jones Industrial Average ETF) | EMR (Emerson Electric) | |
|---|---|---|
| 1-year return | +19.2% | +20.0% |
| 5-year return | +64.8% | +65.4% |
| Volatility (ann.) | 13.0% | 28.3% |
| Beta vs S&P 500 | 0.79 | 1.29 |
| Max drawdown (3Y) | -16.0% | -29.6% |
| Market cap | – | $88.0B |
| P/E (trailing) | – | 34.5 |
| Dividend yield | 1.37% | 1.39% |
| Expense ratio | 0.16% | – |
| Assets under management | $45.2B | – |
| Sector / category | ETF · US Large Cap | Industrials |
DIA is a Large Value fund from State Street Investment Management: $45.2B under management, 30 holdings, a 0.16% expense ratio, a 1.37% trailing dividend yield.
Year-by-year returns
| Year | DIA | EMR |
|---|---|---|
| 2022 | -7.0% | +5.7% |
| 2023 | +16.0% | +3.8% |
| 2024 | +14.8% | +29.7% |
| 2025 | +14.7% | +8.9% |
| 2026 | +12.3% | +20.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DIA and EMR good diversifiers for each other?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between DIA and EMR?
Using weekly returns as of 2026-08-27: 0.69 over 3 years, with 0.67 over the last year and 0.70 over 5 years.
Is EMR a good diversifier for DIA?
Somewhat, no more. With 0.69 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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/dia-vs-emr.json
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[](https://www.pairbook.io/pair/dia-vs-emr/)
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Related comparisons
Hubs: DIA correlations · EMR correlations
