EMR vs VXZ: Correlation
How closely do Emerson Electric (EMR) and iPath Series B S&P 500 VIX Mid-Term Futures ETN (VXZ) trade together? Their weekly returns over three years give a correlation of -0.51, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and VXZ?
Over the past 3 years, EMR and VXZ moved with a correlation of -0.51, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.49 lands near the 3-year figure. Over 5 years the correlation is -0.52, and the annualized covariance of weekly returns is -371.1 %².
VXZ is close to the least connected end of EMR's tracked universe, ranking #46 of 47. Correlation aside, the last 12 months split them widely, with EMR ahead by 36.1 points (+20.0% versus -16.1%).
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 VXZ: side by side
| EMR (Emerson Electric) | VXZ (iPath Series B S&P 500 VIX Mid-Term Futures ETN) | |
|---|---|---|
| 1-year return | +20.0% | -16.1% |
| 5-year return | +65.4% | -53.1% |
| Volatility (ann.) | 28.3% | 25.6% |
| Beta vs S&P 500 | 1.29 | -1.31 |
| Max drawdown (3Y) | -29.6% | -36.4% |
| Market cap | $88.0B | – |
| P/E (trailing) | 34.5 | – |
| Dividend yield | 1.39% | – |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | EMR | VXZ |
|---|---|---|
| 2022 | +5.7% | +0.5% |
| 2023 | +3.8% | -44.0% |
| 2024 | +29.7% | -12.7% |
| 2025 | +8.9% | +5.7% |
| 2026 | +20.2% | -10.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and VXZ good diversifiers for each other?
Yes. With a correlation of -0.51, EMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EMR and VXZ?
Using weekly returns as of 2026-08-27: -0.51 over 3 years, with -0.49 over the last year and -0.52 over 5 years.
Is VXZ a good diversifier for EMR?
Yes. With a correlation of -0.51, EMR and VXZ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.51 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-vxz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emr-vs-vxz/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · VXZ correlations
