EME vs NVT: Correlation
Emcor (EME) and nVent Electric plc (NVT) show a strong relationship: their 3-year correlation of weekly returns is 0.64.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and NVT?
Across a 3-year window, the weekly returns of EME and NVT correlate at 0.64, strong. The past 12 months show a weaker link (0.47) than the 3-year average (0.64). Stretching to 5 years gives 0.63, with an annualized covariance of 819.2 %².
Within EME's tracked universe of 34 assets, NVT comes in at #5 by 3-year correlation. Correlation aside, the last 12 months split them widely, with NVT ahead by 47.4 points (+24.5% versus +71.9%).
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 NVT: side by side
| EME (Emcor) | NVT (nVent Electric plc) | |
|---|---|---|
| 1-year return | +24.5% | +71.9% |
| 5-year return | +540.3% | +382.4% |
| Volatility (ann.) | 34.9% | 36.7% |
| Beta vs S&P 500 | 1.31 | 1.68 |
| Max drawdown (3Y) | -36.2% | -46.7% |
| Market cap | $34.2B | $25.2B |
| P/E (trailing) | 23.8 | 43.2 |
| Dividend yield | 0.09% | 0.53% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | NVT |
|---|---|---|
| 2022 | +16.8% | +3.3% |
| 2023 | +46.0% | +56.0% |
| 2024 | +111.3% | +16.6% |
| 2025 | +35.1% | +51.3% |
| 2026 | +26.9% | +53.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and NVT good diversifiers for each other?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EME and NVT?
Using weekly returns as of 2026-08-27: 0.64 over 3 years, with 0.47 over the last year and 0.63 over 5 years.
Is NVT a good diversifier for EME?
Somewhat, no more. With 0.64 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.64 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-nvt.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/eme-vs-nvt/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EME correlations · NVT correlations
