EMR vs IR: Correlation
Emerson Electric (EMR) and Ingersoll Rand (IR) show a strong relationship: their 3-year correlation of weekly returns is 0.65.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and IR?
Across a 3-year window, the weekly returns of EMR and IR correlate at 0.65, strong. Little has changed lately, as the 1-year reading of 0.58 lands near the 3-year figure. Stretching to 5 years gives 0.66, with an annualized covariance of 547.1 %².
Among the 47 assets we track against EMR, IR ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EMR outperformed by 22.0 percentage points (+20.0% for EMR against -2.0% for IR). The rolling one-year correlation moved between 0.51 and 0.83 over the past three years, a moderate range.
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 IR: side by side
| EMR (Emerson Electric) | IR (Ingersoll Rand) | |
|---|---|---|
| 1-year return | +20.0% | -2.0% |
| 5-year return | +65.4% | +49.2% |
| Volatility (ann.) | 28.3% | 29.8% |
| Beta vs S&P 500 | 1.29 | 1.17 |
| Max drawdown (3Y) | -29.6% | -36.6% |
| Market cap | $88.0B | $30.6B |
| P/E (trailing) | 34.5 | 32.6 |
| Dividend yield | 1.39% | 0.15% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EMR | IR |
|---|---|---|
| 2022 | +5.7% | -15.4% |
| 2023 | +3.8% | +48.2% |
| 2024 | +29.7% | +17.1% |
| 2025 | +8.9% | -12.3% |
| 2026 | +20.2% | -0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and IR good diversifiers for each other?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between EMR and IR?
The EMR/IR correlation stands at 0.65 on a 3-year window (1 year: 0.58, 5 years: 0.66), computed from weekly returns as of 2026-08-27.
Is IR a good diversifier for EMR?
Somewhat, no more. With 0.65 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.65 mean?
A reading of 0.65 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/emr-vs-ir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emr-vs-ir/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMR correlations · IR correlations
