EME vs GEV: Correlation
Emcor (EME) and GE Vernova (GEV) show a strong relationship: their 3-year correlation of weekly returns is 0.61.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and GEV?
Over the past 3 years, EME and GEV moved with a correlation of 0.61, which is strong. The past 12 months show a weaker link (0.39) than the 3-year average (0.61). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1005.4 %².
Within EME's tracked universe of 34 assets, GEV comes in at #10 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEV ahead by 29.1 points (+24.5% versus +53.6%). Across three years, the rolling one-year figure varied moderately, from 0.34 to 0.80.
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.
EME vs GEV: side by side
| EME (Emcor) | GEV (GE Vernova) | |
|---|---|---|
| 1-year return | +24.5% | +53.6% |
| 5-year return | +540.3% | n/a |
| Volatility (ann.) | 34.9% | 45.8% |
| Beta vs S&P 500 | 1.31 | 1.42 |
| Max drawdown (3Y) | -36.2% | -38.3% |
| Market cap | $34.2B | $254.0B |
| P/E (trailing) | 23.8 | 27.3 |
| Dividend yield | 0.09% | 0.18% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EME | GEV |
|---|---|---|
| 2022 | +16.8% | – |
| 2023 | +46.0% | – |
| 2024 | +111.3% | – |
| 2025 | +35.1% | +99.0% |
| 2026 | +26.9% | +46.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and GEV good diversifiers for each other?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EME and GEV?
The EME/GEV correlation stands at 0.61 on a 3-year window (1 year: 0.39, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GEV a good diversifier for EME?
Somewhat, no more. With 0.61 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.61 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/eme-vs-gev.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eme-vs-gev/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EME correlations · GEV correlations
