EML vs FBIN: Correlation
Eastern Company (The) (EML) and Fortune Brands Innovations, Inc. (FBIN) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EML and FBIN?
Across a 3-year window, the weekly returns of EML and FBIN correlate at 0.44, moderate. The relationship has been stable: the 1-year correlation (0.34) sits close to the 3-year figure. Stretching to 5 years gives 0.36, with an annualized covariance of 679.2 %².
In EML's tracked universe of 10 assets, FBIN sits right near the top at #1. The last year tells two different stories: EML led by 34.0 percentage points, +11.9% for EML against -22.1% for FBIN.
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.
EML vs FBIN: side by side
| EML (Eastern Company (The)) | FBIN (Fortune Brands Innovations, Inc.) | |
|---|---|---|
| 1-year return | +11.9% | -22.1% |
| 5-year return | +6.9% | -42.9% |
| Volatility (ann.) | 39.5% | 38.8% |
| Beta vs S&P 500 | 0.99 | 1.29 |
| Max drawdown (3Y) | -47.0% | -61.9% |
| Market cap | $0.2B | $5.4B |
| P/E (trailing) | 19.8 | 37.4 |
| Dividend yield | 1.69% | 2.20% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EML | FBIN |
|---|---|---|
| 2022 | -21.5% | -36.5% |
| 2023 | +16.8% | +35.2% |
| 2024 | +22.6% | -9.1% |
| 2025 | -24.4% | -25.4% |
| 2026 | +35.9% | -7.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EML and FBIN good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EML and FBIN?
The EML/FBIN correlation stands at 0.44 on a 3-year window (1 year: 0.34, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is FBIN a good diversifier for EML?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
A reading of 0.44 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/eml-vs-fbin.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eml-vs-fbin/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EML correlations · FBIN correlations
