EMBC vs MTD: Correlation
How closely do Embecta Corp. (EMBC) and Mettler Toledo (MTD) trade together? Their weekly returns over three years give a correlation of 0.51, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMBC and MTD?
Over the past 3 years, EMBC and MTD moved with a correlation of 0.51, which is moderate. Recent behaviour matches the longer record: 0.61 over 1 year against 0.51 over 3. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1168.1 %².
In EMBC's tracked universe of 15 assets, MTD sits right near the top at #1. Correlation aside, the last 12 months split them widely, with MTD ahead by 74.0 points (-64.5% versus +9.5%). One caveat on sizing: EMBC is 2.3 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.
EMBC vs MTD: side by side
| EMBC (Embecta Corp.) | MTD (Mettler Toledo) | |
|---|---|---|
| 1-year return | -64.5% | +9.5% |
| 5-year return | -87.8% | -11.4% |
| Volatility (ann.) | 72.4% | 31.4% |
| Beta vs S&P 500 | 0.91 | 1.00 |
| Max drawdown (3Y) | -85.3% | -36.6% |
| Market cap | $0.3B | $28.2B |
| P/E (trailing) | 3.4 | 31.7 |
| Dividend yield | 9.29% | 0.00% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | EMBC | MTD |
|---|---|---|
| 2022 | – | -14.8% |
| 2023 | -23.1% | -16.1% |
| 2024 | +13.6% | +0.9% |
| 2025 | -39.6% | +13.9% |
| 2026 | -57.4% | +0.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMBC and MTD good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EMBC and MTD?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.61 over the last year and 0.42 over 5 years.
Is MTD a good diversifier for EMBC?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
A reading of 0.51 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
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Related comparisons
Hubs: EMBC correlations · MTD correlations
