EME vs JCI: Correlation
Emcor (EME) and Johnson Controls (JCI) show a moderate relationship: their 3-year correlation of weekly returns is 0.55.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and JCI?
On 3 years of weekly data the EME/JCI correlation comes out at 0.55, moderate. The link has loosened recently: the 1-year correlation (0.42) runs below the 3-year figure (0.55). The 5-year figure is 0.53, and annualized covariance runs at 536.8 %².
Among the 34 assets we track against EME, JCI ranks #17 by 3-year correlation. On 12-month performance JCI holds a 6.4-point edge, +24.5% against +30.9%. The relationship is regime-dependent: the rolling one-year correlation swung between 0.22 and 0.75 over the past three years, so this pair behaves very differently depending on the market environment.
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 JCI: side by side
| EME (Emcor) | JCI (Johnson Controls) | |
|---|---|---|
| 1-year return | +24.5% | +30.9% |
| 5-year return | +540.3% | +108.2% |
| Volatility (ann.) | 34.9% | 28.1% |
| Beta vs S&P 500 | 1.31 | 0.98 |
| Max drawdown (3Y) | -36.2% | -21.1% |
| Market cap | $34.2B | $86.1B |
| P/E (trailing) | 23.8 | 40.1 |
| Dividend yield | 0.09% | 1.11% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EME | JCI |
|---|---|---|
| 2022 | +16.8% | -19.3% |
| 2023 | +46.0% | -7.6% |
| 2024 | +111.3% | +39.8% |
| 2025 | +35.1% | +53.0% |
| 2026 | +26.9% | +19.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and JCI good diversifiers for each other?
Only partially. A correlation of 0.55 means EME and JCI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EME and JCI?
As of 2026-08-27, the correlation of weekly returns between EME and JCI is 0.55 over 3 years, 0.42 over 1 year and 0.53 over 5 years.
Is JCI a good diversifier for EME?
Only partially. A correlation of 0.55 means EME and JCI share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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-jci.json
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Related comparisons
Hubs: EME correlations · JCI correlations
