We consider an electromagnetic waveguide with a time-dependent propagation speed v(t) as an analog for cosmological particle creation. In contrast to most previous studies which focus on the number of particles produced, we calculate the corresponding two-point correlation function. For a small step-like variation δv(t), this correlator displays characteristic signatures of particle pair creation. As another potential advantage, this observable is of first order in the perturbation δv(t), whereas the particle number is second order in δv(t) and thus stronger suppressed for small δv(t).