ESAB vs VMC: Correlation
ESAB Corporation (ESAB) and Vulcan Materials Company (VMC) show a moderate relationship: their 3-year correlation of weekly returns is 0.59.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ESAB and VMC?
On 3 years of weekly data the ESAB/VMC correlation comes out at 0.59, moderate. The relationship has been stable: the 1-year correlation (0.62) sits close to the 3-year figure. The 5-year figure is 0.58, and annualized covariance runs at 539.9 %².
Within ESAB's tracked universe of 13 assets, VMC comes in at #6 by 3-year correlation. The last year tells two different stories: VMC led by 27.3 percentage points, -32.5% for ESAB against -5.2% for VMC.
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.
ESAB vs VMC: side by side
| ESAB (ESAB Corporation) | VMC (Vulcan Materials Company) | |
|---|---|---|
| 1-year return | -32.5% | -5.2% |
| 5-year return | +60.4% | +53.2% |
| Volatility (ann.) | 36.3% | 25.2% |
| Beta vs S&P 500 | 1.30 | 0.82 |
| Max drawdown (3Y) | -41.6% | -24.4% |
| Market cap | $4.9B | $35.5B |
| P/E (trailing) | 25.8 | 32.3 |
| Dividend yield | 0.51% | 0.74% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ESAB | VMC |
|---|---|---|
| 2022 | – | -14.9% |
| 2023 | +85.2% | +30.8% |
| 2024 | +38.9% | +14.1% |
| 2025 | -6.5% | +11.7% |
| 2026 | -29.1% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ESAB and VMC good diversifiers for each other?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between ESAB and VMC?
The ESAB/VMC correlation stands at 0.59 on a 3-year window (1 year: 0.62, 5 years: 0.58), computed from weekly returns as of 2026-08-27.
Is VMC a good diversifier for ESAB?
To a limited degree. At 0.59 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.59 mean?
A reading of 0.59 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/esab-vs-vmc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/esab-vs-vmc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ESAB correlations · VMC correlations
