EMR vs UEIC: Correlation
Emerson Electric (EMR) and Universal Electronics Inc. (UEIC) show a moderate relationship: their 3-year correlation of weekly returns is 0.41.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and UEIC?
Over the past 3 years, EMR and UEIC moved with a correlation of 0.41, which is moderate. The past 12 months show a weaker link (0.08) than the 3-year average (0.41). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 651.0 %².
By 3-year correlation, UEIC places #36 of the 47 assets tracked against EMR. The last year tells two different stories: EMR led by 29.5 percentage points, +20.0% for EMR against -9.5% for UEIC. Risk is not evenly split, since UEIC carries 2.0 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 UEIC: side by side
| EMR (Emerson Electric) | UEIC (Universal Electronics Inc.) | |
|---|---|---|
| 1-year return | +20.0% | -9.5% |
| 5-year return | +65.4% | -91.0% |
| Volatility (ann.) | 28.3% | 56.2% |
| Beta vs S&P 500 | 1.29 | 0.79 |
| Max drawdown (3Y) | -29.6% | -79.8% |
| Market cap | $88.0B | $0.1B |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | UEIC |
|---|---|---|
| 2022 | +5.7% | -48.9% |
| 2023 | +3.8% | -54.9% |
| 2024 | +29.7% | +17.1% |
| 2025 | +8.9% | -67.2% |
| 2026 | +20.2% | +25.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and UEIC good diversifiers for each other?
Reasonably. At 0.41, EMR and UEIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EMR and UEIC?
The EMR/UEIC correlation stands at 0.41 on a 3-year window (1 year: 0.08, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is UEIC a good diversifier for EMR?
Reasonably. At 0.41, EMR and UEIC keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.41 mean?
A reading of 0.41 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-ueic.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-ueic/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EMR correlations · UEIC correlations
