EMR vs FLS: Correlation
Emerson Electric (EMR) and Flowserve Corporation (FLS) show a strong relationship: their 3-year correlation of weekly returns is 0.69.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and FLS?
Over the past 3 years, EMR and FLS moved with a correlation of 0.69, which is strong. Recent behaviour matches the longer record: 0.68 over 1 year against 0.69 over 3. Over 5 years the correlation is 0.70, and the annualized covariance of weekly returns is 721.1 %².
Within EMR's tracked universe of 47 assets, FLS comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FLS outperformed by 31.4 percentage points (+20.0% for EMR against +51.4% for FLS).
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 FLS: side by side
| EMR (Emerson Electric) | FLS (Flowserve Corporation) | |
|---|---|---|
| 1-year return | +20.0% | +51.4% |
| 5-year return | +65.4% | +131.6% |
| Volatility (ann.) | 28.3% | 37.2% |
| Beta vs S&P 500 | 1.29 | 1.43 |
| Max drawdown (3Y) | -29.6% | -38.8% |
| Market cap | $88.0B | $10.4B |
| P/E (trailing) | 34.5 | 28.8 |
| Dividend yield | 1.39% | 1.04% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | FLS |
|---|---|---|
| 2022 | +5.7% | +3.1% |
| 2023 | +3.8% | +37.3% |
| 2024 | +29.7% | +41.9% |
| 2025 | +8.9% | +22.5% |
| 2026 | +20.2% | +18.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and FLS good diversifiers for each other?
Only partially. A correlation of 0.69 means EMR and FLS 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 EMR and FLS?
As of 2026-08-27, the correlation of weekly returns between EMR and FLS is 0.69 over 3 years, 0.68 over 1 year and 0.70 over 5 years.
Is FLS a good diversifier for EMR?
Only partially. A correlation of 0.69 means EMR and FLS share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.69 mean?
On the −1 to +1 scale, 0.69 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-fls.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emr-vs-fls/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMR correlations · FLS correlations
