EMR vs FUN: Correlation
Measured on weekly returns over the past three years, Emerson Electric (EMR) and Six Flags Entertainment Corporation (FUN) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and FUN?
On 3 years of weekly data the EMR/FUN correlation comes out at 0.47, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.47 over 3. The 5-year figure is 0.41, and annualized covariance runs at 647.2 %².
Within EMR's tracked universe of 47 assets, FUN comes in at #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EMR ahead by 52.7 points (+20.0% versus -32.7%). One caveat on sizing: FUN 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 FUN: side by side
| EMR (Emerson Electric) | FUN (Six Flags Entertainment Corporation) | |
|---|---|---|
| 1-year return | +20.0% | -32.7% |
| 5-year return | +65.4% | -61.4% |
| Volatility (ann.) | 28.3% | 49.2% |
| Beta vs S&P 500 | 1.29 | 1.35 |
| Max drawdown (3Y) | -29.6% | -77.7% |
| Market cap | $88.0B | $1.6B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | FUN |
|---|---|---|
| 2022 | +5.7% | -16.2% |
| 2023 | +3.8% | -1.0% |
| 2024 | +29.7% | +22.8% |
| 2025 | +8.9% | -68.2% |
| 2026 | +20.2% | +4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and FUN good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EMR and FUN?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.53 over the last year and 0.41 over 5 years.
Is FUN a good diversifier for EMR?
Yes, to a useful degree: a correlation of 0.47 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.47 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/emr-vs-fun.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-fun/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · FUN correlations
