EMR vs HON: Correlation
Emerson Electric (EMR) and Honeywell Technologies (HON) show a moderate relationship: their 3-year correlation of weekly returns is 0.53.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and HON?
Across a 3-year window, the weekly returns of EMR and HON correlate at 0.53, moderate. Little has changed lately, as the 1-year reading of 0.55 lands near the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 348.2 %².
Within EMR's tracked universe of 47 assets, HON comes in at #31 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EMR ahead by 17.3 points (+20.0% versus +2.7%). On a rolling one-year basis the correlation drifted between 0.31 and 0.67, a moderate band.
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 HON: side by side
| EMR (Emerson Electric) | HON (Honeywell Technologies) | |
|---|---|---|
| 1-year return | +20.0% | +2.7% |
| 5-year return | +65.4% | +6.6% |
| Volatility (ann.) | 28.3% | 23.2% |
| Beta vs S&P 500 | 1.29 | 0.74 |
| Max drawdown (3Y) | -29.6% | -22.1% |
| Market cap | $88.0B | $69.9B |
| P/E (trailing) | 34.5 | 8.5 |
| Dividend yield | 1.39% | 4.26% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EMR | HON |
|---|---|---|
| 2022 | +5.7% | +4.9% |
| 2023 | +3.8% | +0.0% |
| 2024 | +29.7% | +10.0% |
| 2025 | +8.9% | -6.4% |
| 2026 | +20.2% | +9.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and HON good diversifiers for each other?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between EMR and HON?
Using weekly returns as of 2026-08-27: 0.53 over 3 years, with 0.55 over the last year and 0.57 over 5 years.
Is HON a good diversifier for EMR?
To a limited degree. At 0.53 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.53 mean?
On the −1 to +1 scale, 0.53 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-hon.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/emr-vs-hon/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMR correlations · HON correlations
