EME vs TT: Correlation
Measured on weekly returns over the past three years, Emcor (EME) and Trane Technologies (TT) carry a correlation of 0.58, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EME and TT?
Over the past 3 years, EME and TT moved with a correlation of 0.58, which is moderate. The link has loosened recently: the 1-year correlation (0.38) runs below the 3-year figure (0.58). Over 5 years the correlation is 0.59, and the annualized covariance of weekly returns is 563.5 %².
Within EME's tracked universe of 34 assets, TT comes in at #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EME outperformed by 16.7 percentage points (+24.5% for EME against +7.8% for TT). The rolling one-year correlation moved between 0.34 and 0.84 over the past three years, a moderate range.
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 TT: side by side
| EME (Emcor) | TT (Trane Technologies) | |
|---|---|---|
| 1-year return | +24.5% | +7.8% |
| 5-year return | +540.3% | +141.4% |
| Volatility (ann.) | 34.9% | 27.8% |
| Beta vs S&P 500 | 1.31 | 1.19 |
| Max drawdown (3Y) | -36.2% | -24.4% |
| Market cap | $34.2B | $100.0B |
| P/E (trailing) | 23.8 | 33.8 |
| Dividend yield | 0.09% | 0.86% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EME | TT |
|---|---|---|
| 2022 | +16.8% | -15.3% |
| 2023 | +46.0% | +47.4% |
| 2024 | +111.3% | +53.0% |
| 2025 | +35.1% | +6.1% |
| 2026 | +26.9% | +17.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EME and TT good diversifiers for each other?
To a limited degree. At 0.58 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 TT?
As of 2026-08-27, the correlation of weekly returns between EME and TT is 0.58 over 3 years, 0.38 over 1 year and 0.59 over 5 years.
Is TT a good diversifier for EME?
To a limited degree. At 0.58 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 0.58 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-tt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eme-vs-tt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EME correlations · TT correlations
