EME vs. IGC

Last updated Jun 3, 2026

EME (EMCOR Group, Inc.) and IGC (India Globalization Capital, Inc.) are both stocks. Both are in the Industrials sector — EME in Engineering & Construction, IGC in Conglomerates. Over the past 10 years, EME returned 33.58%/yr vs -4.41%/yr for IGC. At a 0.13 correlation, their price movements are largely independent.

Performance

EME vs. IGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EMCOR Group, Inc. (EME) and India Globalization Capital, Inc. (IGC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EME achieves a 35.37% return, which is significantly higher than IGC's 3.06% return. Over the past 10 years, EME has outperformed IGC with an annualized return of 33.58%, while IGC has yielded a comparatively lower -4.41% annualized return.

EME

• 1D: -0.44%
• 1M: -8.44%
• YTD: 35.37%
• 6M: 36.58%
• 1Y: 76.52%
• 3Y*: 68.84%
• 5Y*: 46.24%
• 10Y*: 33.58%

IGC

• 1D: -1.69%
• 1M: -13.41%
• YTD: 3.06%
• 6M: -5.23%
• 1Y: -2.68%
• 3Y*: -1.12%
• 5Y*: -27.12%
• 10Y*: -4.41%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EME vs. IGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EME EMCOR Group, Inc.	35.37%	35.05%	111.27%	46.03%	16.81%	39.93%	6.47%	45.18%	-26.68%	16.09%
IGC India Globalization Capital, Inc.	3.06%	-16.25%	19.96%	-11.95%	-67.42%	-37.40%	147.62%	125.00%	-72.00%	257.14%

Correlation

The correlation between EME and IGC is 0.10, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (3Y) Calculated over the trailing 3-year period	0.08
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (10Y) Calculated over the trailing 10-year period	0.14
Correlation (All Time) Calculated using the full available price history since Apr 17, 2006	0.13

Fundamentals

Market Cap EME : $37.27B IGC : $28.47B
EPS EME : $29.65 IGC : -$0.00
PS Ratio EME : 2.10 IGC : 6.02K
PB Ratio EME : 9.64 IGC : 4.65K
Total Revenue (TTM) EME : $17.75B IGC : $1.19M
Gross Profit (TTM) EME : $3.47B IGC : $302.00K
EBITDA (TTM) EME : $2.03B IGC : -$8.80M

Return for Risk

EME vs. IGC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EME

EME Risk / Return Rank: 83
EME Sharpe Ratio Rank: 87
EME Sortino Ratio Rank: 81
EME Omega Ratio Rank: 85
EME Calmar Ratio Rank: 82
EME Martin Ratio Rank: 82

IGC

IGC Risk / Return Rank: 37
IGC Sharpe Ratio Rank: 38
IGC Sortino Ratio Rank: 38
IGC Omega Ratio Rank: 37
IGC Calmar Ratio Rank: 35
IGC Martin Ratio Rank: 35

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EME vs. IGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EMCOR Group, Inc. (EME) and India Globalization Capital, Inc. (IGC). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	EME	IGC	Difference
Sharpe ratio Return per unit of total volatility	2.03	-0.05	+2.07
Sortino ratio Return per unit of downside risk	2.42	0.38	+2.04
Omega ratio Gain probability vs. loss probability	1.36	1.04	+0.32
Calmar ratio Return relative to maximum drawdown	3.01	-0.16	+3.17
Martin ratio Return relative to average drawdown	7.63	-0.27	+7.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EME vs. IGC - Sharpe Ratio Comparison

The current EME Sharpe Ratio is 2.03, which is higher than the IGC Sharpe Ratio of -0.05. The chart below compares the historical Sharpe Ratios of EME and IGC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EME	IGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	-0.05	+2.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.40	-0.30	+1.70
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	1.02	-0.02	+1.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	-0.14	+0.74

Drawdowns

EME vs. IGC - Drawdown Comparison

The maximum EME drawdown since its inception was -70.56%, smaller than the maximum IGC drawdown of -99.76%. Use the drawdown chart below to compare losses from any high point for EME and IGC.

Drawdown Indicators

	EME	IGC	Difference
Max Drawdown Largest peak-to-trough decline	-70.56%	-99.76%	+29.20%
Max Drawdown (1Y) Largest decline over 1 year	-25.15%	-47.15%	+22.00%
Max Drawdown (3Y) Largest decline over 3 years	-36.19%	-63.99%	+27.80%
Max Drawdown (5Y) Largest decline over 5 years	-36.19%	-91.13%	+54.94%
Max Drawdown (10Y) Largest decline over 10 years	-48.00%	-98.09%	+50.09%
Current Drawdown Current decline from peak	-12.34%	-99.51%	+87.17%
Average Drawdown Average peak-to-trough decline	-15.37%	-85.07%	+69.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.91%	28.87%	-18.96%

Volatility

EME vs. IGC - Volatility Comparison

The current volatility for EMCOR Group, Inc. (EME) is 7.11%, while India Globalization Capital, Inc. (IGC) has a volatility of 8.56%. This indicates that EME experiences smaller price fluctuations and is considered to be less risky than IGC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EME	IGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.11%	8.56%	-1.45%
Volatility (6M) Calculated over the trailing 6-month period	25.46%	37.81%	-12.35%
Volatility (1Y) Calculated over the trailing 1-year period	37.96%	58.05%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.26%	90.77%	-57.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.95%	208.83%	-175.88%

Dividends

EME vs. IGC - Dividend Comparison

EME's dividend yield for the trailing twelve months is around 0.16%, while IGC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EME EMCOR Group, Inc.	0.16%	0.16%	0.20%	0.32%	0.36%	0.41%	0.35%	0.37%	0.54%	0.39%	0.45%	0.67%
IGC India Globalization Capital, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Financials

Frequently Asked Questions

Can I hold both EME and IGC in my portfolio?

EME and IGC have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EME or IGC?

IGC has higher volatility (8.56%) compared to EME (7.11%). In terms of maximum drawdown, EME dropped -70.56% vs IGC's -99.76%.

Which has better risk-adjusted returns?

EME currently has the higher Sharpe Ratio (2.03 vs -0.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.