EMR vs EQS: Correlation
Measured on weekly returns over the past three years, Emerson Electric (EMR) and Equus Total Return, Inc. (EQS) carry a correlation of -0.12, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and EQS?
Over the past 3 years, EMR and EQS moved with a correlation of -0.12, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.12). Over 5 years the correlation is -0.07, and the annualized covariance of weekly returns is -163.9 %².
By 3-year correlation, EQS places #38 of the 47 assets tracked against EMR. Correlation aside, the last 12 months split them widely, with EMR ahead by 69.5 points (+20.0% versus -49.5%). One caveat on sizing: EQS is 1.7 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EMR vs EQS: side by side
| EMR (Emerson Electric) | EQS (Equus Total Return, Inc.) | |
|---|---|---|
| 1-year return | +20.0% | -49.5% |
| 5-year return | +65.4% | -58.6% |
| Volatility (ann.) | 28.3% | 47.4% |
| Beta vs S&P 500 | 1.29 | -0.16 |
| Max drawdown (3Y) | -29.6% | -58.6% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | EQS |
|---|---|---|
| 2022 | +5.7% | -39.9% |
| 2023 | +3.8% | +1.4% |
| 2024 | +29.7% | -24.1% |
| 2025 | +8.9% | +28.2% |
| 2026 | +20.2% | -27.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and EQS good diversifiers for each other?
Yes. With a correlation of -0.12, EMR and EQS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EMR and EQS?
The EMR/EQS correlation stands at -0.12 on a 3-year window (1 year: -0.29, 5 years: -0.07), computed from weekly returns as of 2026-08-27.
Is EQS a good diversifier for EMR?
Yes. With a correlation of -0.12, EMR and EQS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.12 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.
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Related comparisons
Hubs: EMR correlations · EQS correlations
