EME vs TPC: Correlation
Measured on weekly returns over the past three years, Emcor (EME) and Tutor Perini Corporation (TPC) carry a correlation of 0.52, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and TPC?
On 3 years of weekly data the EME/TPC correlation comes out at 0.52, moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.52 over 3. The 5-year figure is 0.49, and annualized covariance runs at 1135.9 %².
Within EME's tracked universe of 34 assets, TPC comes in at #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months TPC outperformed by 32.4 percentage points (+24.5% for EME against +56.9% for TPC). Note the risk asymmetry: TPC runs 1.8 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 TPC: side by side
| EME (Emcor) | TPC (Tutor Perini Corporation) | |
|---|---|---|
| 1-year return | +24.5% | +56.9% |
| 5-year return | +540.3% | +541.7% |
| Volatility (ann.) | 34.9% | 62.0% |
| Beta vs S&P 500 | 1.31 | 1.63 |
| Max drawdown (3Y) | -36.2% | -40.9% |
| Market cap | $34.2B | $4.8B |
| P/E (trailing) | 23.8 | 39.6 |
| Dividend yield | 0.09% | 0.20% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EME | TPC |
|---|---|---|
| 2022 | +16.8% | -39.0% |
| 2023 | +46.0% | +20.5% |
| 2024 | +111.3% | +165.9% |
| 2025 | +35.1% | +177.2% |
| 2026 | +26.9% | +37.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and TPC good diversifiers for each other?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EME and TPC?
As of 2026-08-27, the correlation of weekly returns between EME and TPC is 0.52 over 3 years, 0.50 over 1 year and 0.49 over 5 years.
Is TPC a good diversifier for EME?
To a limited degree. At 0.52 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.52 mean?
A reading of 0.52 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
$ curl https://www.pairbook.io/api/v1/pairs/eme-vs-tpc.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/eme-vs-tpc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EME correlations · TPC correlations
