EMR vs SPIR: Correlation
How closely do Emerson Electric (EMR) and Spire Global, Inc. (SPIR) trade together? Their weekly returns over three years give a correlation of 0.45, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and SPIR?
Over the past 3 years, EMR and SPIR moved with a correlation of 0.45, which is moderate. Little has changed lately, as the 1-year reading of 0.42 lands near the 3-year figure. Over 5 years the correlation is 0.42, and the annualized covariance of weekly returns is 1196.6 %².
By 3-year correlation, SPIR places #34 of the 47 assets tracked against EMR. Their recent paths diverged sharply: over the last 12 months SPIR outperformed by 33.7 percentage points (+20.0% for EMR against +53.7% for SPIR). Risk is not evenly split, since SPIR carries 3.3 times the volatility of the other side.
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 SPIR: side by side
| EMR (Emerson Electric) | SPIR (Spire Global, Inc.) | |
|---|---|---|
| 1-year return | +20.0% | +53.7% |
| 5-year return | +65.4% | -81.3% |
| Volatility (ann.) | 28.3% | 94.0% |
| Beta vs S&P 500 | 1.29 | 2.35 |
| Max drawdown (3Y) | -29.6% | -66.2% |
| Market cap | $88.0B | $0.6B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | SPIR |
|---|---|---|
| 2022 | +5.7% | -71.6% |
| 2023 | +3.8% | +1.8% |
| 2024 | +29.7% | +79.9% |
| 2025 | +8.9% | -46.7% |
| 2026 | +20.2% | +86.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and SPIR good diversifiers for each other?
Reasonably. At 0.45, EMR and SPIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMR and SPIR?
Using weekly returns as of 2026-08-27: 0.45 over 3 years, with 0.42 over the last year and 0.42 over 5 years.
Is SPIR a good diversifier for EMR?
Reasonably. At 0.45, EMR and SPIR keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.45 mean?
On the −1 to +1 scale, 0.45 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-spir.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emr-vs-spir/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · SPIR correlations
