EMR vs WAB: Correlation
Emerson Electric (EMR) and Wabtec (WAB) show a moderate relationship: their 3-year correlation of weekly returns is 0.58.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and WAB?
Across a 3-year window, the weekly returns of EMR and WAB correlate at 0.58, moderate. The relationship has been stable: the 1-year correlation (0.57) sits close to the 3-year figure. Stretching to 5 years gives 0.63, with an annualized covariance of 414.5 %².
By 3-year correlation, WAB places #26 of the 47 assets tracked against EMR. The last year tells two different stories: WAB led by 32.9 percentage points, +20.0% for EMR against +52.9% for WAB. On a rolling one-year basis the correlation drifted between 0.31 and 0.77, 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 WAB: side by side
| EMR (Emerson Electric) | WAB (Wabtec) | |
|---|---|---|
| 1-year return | +20.0% | +52.9% |
| 5-year return | +65.4% | +241.0% |
| Volatility (ann.) | 28.3% | 25.3% |
| Beta vs S&P 500 | 1.29 | 0.99 |
| Max drawdown (3Y) | -29.6% | -23.6% |
| Market cap | $88.0B | $50.2B |
| P/E (trailing) | 34.5 | 40.5 |
| Dividend yield | 1.39% | 0.37% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EMR | WAB |
|---|---|---|
| 2022 | +5.7% | +9.1% |
| 2023 | +3.8% | +28.0% |
| 2024 | +29.7% | +50.1% |
| 2025 | +8.9% | +13.2% |
| 2026 | +20.2% | +39.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and WAB good diversifiers for each other?
Only partially. A correlation of 0.58 means EMR and WAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between EMR and WAB?
As of 2026-08-27, the correlation of weekly returns between EMR and WAB is 0.58 over 3 years, 0.57 over 1 year and 0.63 over 5 years.
Is WAB a good diversifier for EMR?
Only partially. A correlation of 0.58 means EMR and WAB share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.58 mean?
A reading of 0.58 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-wab.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/emr-vs-wab/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMR correlations · WAB correlations
