EME vs STRL: Correlation
Measured on weekly returns over the past three years, Emcor (EME) and Sterling Infrastructure, Inc. (STRL) carry a correlation of 0.63, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and STRL?
On 3 years of weekly data the EME/STRL correlation comes out at 0.63, strong. The link has loosened recently: the 1-year correlation (0.37) runs below the 3-year figure (0.63). The 5-year figure is 0.59, and annualized covariance runs at 1477.9 %².
By 3-year correlation, STRL places #7 of the 34 assets tracked against EME. The last year tells two different stories: STRL led by 50.5 percentage points, +24.5% for EME against +75.0% for STRL. Note the risk asymmetry: STRL runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 STRL: side by side
| EME (Emcor) | STRL (Sterling Infrastructure, Inc.) | |
|---|---|---|
| 1-year return | +24.5% | +75.0% |
| 5-year return | +540.3% | +2095.9% |
| Volatility (ann.) | 34.9% | 66.9% |
| Beta vs S&P 500 | 1.31 | 2.13 |
| Max drawdown (3Y) | -36.2% | -51.1% |
| Market cap | $34.2B | $15.5B |
| P/E (trailing) | 23.8 | 36.5 |
| Dividend yield | 0.09% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | STRL |
|---|---|---|
| 2022 | +16.8% | +24.7% |
| 2023 | +46.0% | +168.1% |
| 2024 | +111.3% | +91.6% |
| 2025 | +35.1% | +81.8% |
| 2026 | +26.9% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and STRL good diversifiers for each other?
Only partially. A correlation of 0.63 means EME and STRL 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 STRL?
As of 2026-08-27, the correlation of weekly returns between EME and STRL is 0.63 over 3 years, 0.37 over 1 year and 0.59 over 5 years.
Is STRL a good diversifier for EME?
Only partially. A correlation of 0.63 means EME and STRL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.63 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-strl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eme-vs-strl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EME correlations · STRL correlations
