EMN vs SWK: Correlation
Measured on weekly returns over the past three years, Eastman Chemical Company (EMN) and Stanley Black & Decker (SWK) carry a correlation of 0.66, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMN and SWK?
On 3 years of weekly data the EMN/SWK correlation comes out at 0.66, strong. Little has changed lately, as the 1-year reading of 0.66 lands near the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 714.3 %².
Among the 22 assets we track against EMN, SWK ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SWK outperformed by 26.2 percentage points (+10.8% for EMN against +37.0% for SWK).
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 SWK: side by side
| EMN (Eastman Chemical Company) | SWK (Stanley Black & Decker) | |
|---|---|---|
| 1-year return | +10.8% | +37.0% |
| 5-year return | -22.9% | -39.1% |
| Volatility (ann.) | 30.5% | 35.4% |
| Beta vs S&P 500 | 0.95 | 1.19 |
| Max drawdown (3Y) | -48.4% | -48.3% |
| Market cap | $8.3B | $15.0B |
| P/E (trailing) | 18.9 | 24.4 |
| Dividend yield | 4.59% | 3.33% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | EMN | SWK |
|---|---|---|
| 2022 | -30.4% | -58.9% |
| 2023 | +14.7% | +35.6% |
| 2024 | +5.1% | -15.2% |
| 2025 | -26.9% | -3.2% |
| 2026 | +16.5% | +36.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMN and SWK good diversifiers for each other?
Only partially. A correlation of 0.66 means EMN and SWK 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 EMN and SWK?
Using weekly returns as of 2026-08-27: 0.66 over 3 years, with 0.66 over the last year and 0.65 over 5 years.
Is SWK a good diversifier for EMN?
Only partially. A correlation of 0.66 means EMN and SWK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.66 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-swk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emn-vs-swk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMN correlations · SWK correlations
