EMR vs FIZZ: Correlation
Emerson Electric (EMR) and National Beverage Corp. (FIZZ) show a moderate relationship: their 3-year correlation of weekly returns is 0.32.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and FIZZ?
On 3 years of weekly data the EMR/FIZZ correlation comes out at 0.32, moderate. Little has changed lately, as the 1-year reading of 0.37 lands near the 3-year figure. The 5-year figure is 0.28, and annualized covariance runs at 219.3 %².
Within EMR's tracked universe of 47 assets, FIZZ comes in at #37 by 3-year correlation. The last year tells two different stories: EMR led by 35.0 percentage points, +20.0% for EMR against -15.0% for FIZZ.
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 FIZZ: side by side
| EMR (Emerson Electric) | FIZZ (National Beverage Corp.) | |
|---|---|---|
| 1-year return | +20.0% | -15.0% |
| 5-year return | +65.4% | -9.3% |
| Volatility (ann.) | 28.3% | 24.4% |
| Beta vs S&P 500 | 1.29 | 0.36 |
| Max drawdown (3Y) | -29.6% | -41.3% |
| Market cap | $88.0B | $3.0B |
| P/E (trailing) | 34.5 | 16.8 |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | FIZZ |
|---|---|---|
| 2022 | +5.7% | +2.6% |
| 2023 | +3.8% | +6.9% |
| 2024 | +29.7% | -8.0% |
| 2025 | +8.9% | -25.3% |
| 2026 | +20.2% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and FIZZ good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EMR and FIZZ?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.37 over the last year and 0.28 over 5 years.
Is FIZZ a good diversifier for EMR?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
On the −1 to +1 scale, 0.32 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emr-vs-fizz.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-fizz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMR correlations · FIZZ correlations
