EMR vs XYL: Correlation
How closely do Emerson Electric (EMR) and Xylem Inc. (XYL) trade together? Their weekly returns over three years give a correlation of 0.55, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMR and XYL?
Across a 3-year window, the weekly returns of EMR and XYL correlate at 0.55, moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.55 over 3. Stretching to 5 years gives 0.55, with an annualized covariance of 371.5 %².
Within EMR's tracked universe of 47 assets, XYL comes in at #29 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EMR outperformed by 41.1 percentage points (+20.0% for EMR against -21.1% for XYL). Across three years, the rolling one-year figure varied moderately, from 0.41 to 0.68.
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 XYL: side by side
| EMR (Emerson Electric) | XYL (Xylem Inc.) | |
|---|---|---|
| 1-year return | +20.0% | -21.1% |
| 5-year return | +65.4% | -12.5% |
| Volatility (ann.) | 28.3% | 23.9% |
| Beta vs S&P 500 | 1.29 | 0.96 |
| Max drawdown (3Y) | -29.6% | -30.0% |
| Market cap | $88.0B | $26.3B |
| P/E (trailing) | 34.5 | 26.8 |
| Dividend yield | 1.39% | 1.47% |
| Sector / category | Industrials | Industrials |
Year-by-year returns
| Year | EMR | XYL |
|---|---|---|
| 2022 | +5.7% | -6.6% |
| 2023 | +3.8% | +4.8% |
| 2024 | +29.7% | +2.6% |
| 2025 | +8.9% | +18.8% |
| 2026 | +20.2% | -16.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMR and XYL good diversifiers for each other?
Only partially. A correlation of 0.55 means EMR and XYL 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 XYL?
Using weekly returns as of 2026-08-27: 0.55 over 3 years, with 0.53 over the last year and 0.55 over 5 years.
Is XYL a good diversifier for EMR?
Only partially. A correlation of 0.55 means EMR and XYL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.55 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-xyl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/emr-vs-xyl/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EMR correlations · XYL correlations
