EMN vs IFF: Correlation
Eastman Chemical Company (EMN) and International Flavors & Fragrances (IFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMN and IFF?
Over the past 3 years, EMN and IFF moved with a correlation of 0.50, which is moderate. Recent behaviour matches the longer record: 0.42 over 1 year against 0.50 over 3. Over 5 years the correlation is 0.55, and the annualized covariance of weekly returns is 447.7 %².
By 3-year correlation, IFF places #13 of the 22 assets tracked against EMN. The last year tells two different stories: IFF led by 22.4 percentage points, +10.8% for EMN against +33.2% for IFF.
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.
EMN vs IFF: side by side
| EMN (Eastman Chemical Company) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +10.8% | +33.2% |
| 5-year return | -22.9% | -34.3% |
| Volatility (ann.) | 30.5% | 29.5% |
| Beta vs S&P 500 | 0.95 | 0.69 |
| Max drawdown (3Y) | -48.4% | -42.6% |
| Market cap | $8.3B | $22.2B |
| P/E (trailing) | 18.9 | – |
| Dividend yield | 4.59% | 1.84% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | EMN | IFF |
|---|---|---|
| 2022 | -30.4% | -28.3% |
| 2023 | +14.7% | -19.5% |
| 2024 | +5.1% | +6.3% |
| 2025 | -26.9% | -18.4% |
| 2026 | +16.5% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMN and IFF good diversifiers for each other?
To a limited degree. At 0.50 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 EMN and IFF?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.42 over the last year and 0.55 over 5 years.
Is IFF a good diversifier for EMN?
To a limited degree. At 0.50 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 0.50 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/emn-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emn-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMN correlations · IFF correlations
