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ESAB correlations (ESAB Corporation)

ESAB measured against 4756 US stocks and ETFs: closest co-movers on one side, the best offsets on the other, all from weekly returns.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
36.3%
3y weekly
Beta vs S&P 500
1.30
3y weekly
1-year return
-32.5%
price, adjusted
5-year return
+60.4%
price, adjusted
Market cap
$4.9B
latest
P/E ratio
25.8
trailing
Dividend yield
0.51%
trailing
Max drawdown
-41.6%
3y, daily closes
-33%0%+15%2025-09-052026-08-27
ESAB over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with ESAB

AssetCorrelation (3Y)
LECOLincoln Electric Holdings, Inc.0.68
MDYSPDR S&P MidCap 400 ETF0.66
XLIIndustrial Select Sector SPDR Fund0.64
VNTVontier Corporation0.62
GTESGates Industrial Corporation Ltd.0.62

Best diversifiers for ESAB

If the goal is offsetting ESAB, these tracked assets have historically moved the most on their own terms.

AssetCorrelation (3Y)
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.45
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.41
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.36

ESAB vs benchmarks

ESAB vs SPY 0.52 ESAB vs QQQ 0.44

Get ESAB data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/esab.json

Correlations, diversifiers, beta and volatility for ESAB, plus one endpoint per pair. API documentation.

ESAB inside major ETFs

ETFESAB weight
MDYSPDR S&P MidCap 400 ETF0.13%