ETN vs PRIM: Correlation
Eaton Corporation (ETN) and Primoris Services Corporation (PRIM) show a moderate relationship: their 3-year correlation of weekly returns is 0.57.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ETN and PRIM?
Over the past 3 years, ETN and PRIM moved with a correlation of 0.57, which is moderate. Recent behaviour matches the longer record: 0.52 over 1 year against 0.57 over 3. Over 5 years the correlation is 0.54, and the annualized covariance of weekly returns is 875.2 %².
By 3-year correlation, PRIM places #25 of the 44 assets tracked against ETN. Correlation aside, the last 12 months split them widely, with ETN ahead by 53.9 points (+19.7% versus -34.2%). Note the risk asymmetry: PRIM runs 1.7 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ETN vs PRIM: side by side
| ETN (Eaton Corporation) | PRIM (Primoris Services Corporation) | |
|---|---|---|
| 1-year return | +19.7% | -34.2% |
| 5-year return | +164.1% | +212.4% |
| Volatility (ann.) | 30.2% | 50.6% |
| Beta vs S&P 500 | 1.33 | 1.49 |
| Max drawdown (3Y) | -34.5% | -63.1% |
| Market cap | $161.6B | $4.2B |
| P/E (trailing) | 42.4 | 30.7 |
| Dividend yield | 1.02% | 0.41% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ETN | PRIM |
|---|---|---|
| 2022 | -7.2% | -7.5% |
| 2023 | +56.2% | +52.6% |
| 2024 | +39.5% | +131.1% |
| 2025 | -2.8% | +63.1% |
| 2026 | +31.7% | -37.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ETN and PRIM good diversifiers for each other?
To a limited degree. At 0.57 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 ETN and PRIM?
The ETN/PRIM correlation stands at 0.57 on a 3-year window (1 year: 0.52, 5 years: 0.54), computed from weekly returns as of 2026-08-27.
Is PRIM a good diversifier for ETN?
To a limited degree. At 0.57 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 0.57 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/etn-vs-prim.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/etn-vs-prim/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ETN correlations · PRIM correlations
