ABTS vs ECL: Correlation
Measured on weekly returns over the past three years, Abits Group Inc (ABTS) and Ecolab (ECL) carry a correlation of -0.22, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ABTS and ECL?
Across a 3-year window, the weekly returns of ABTS and ECL correlate at -0.22, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.03 versus -0.22 over 3 years. Stretching to 5 years gives -0.10, with an annualized covariance of -2949.2 %².
By 3-year correlation, ECL places #27 of the 48 assets tracked against ABTS. The last year tells two different stories: ECL led by 67.5 percentage points, -64.4% for ABTS against +3.1% for ECL. Risk is not evenly split, since ABTS carries 35.3 times the volatility of the other side.
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.
ABTS vs ECL: side by side
| ABTS (Abits Group Inc) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | -64.4% | +3.1% |
| 5-year return | -81.7% | +34.0% |
| Volatility (ann.) | 689.2% | 19.5% |
| Beta vs S&P 500 | -4.02 | 0.64 |
| Max drawdown (3Y) | -92.1% | -20.1% |
| Market cap | – | $80.1B |
| P/E (trailing) | – | 39.1 |
| Dividend yield | 0.00% | 0.98% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | ABTS | ECL |
|---|---|---|
| 2022 | -84.2% | -37.1% |
| 2023 | +152.8% | +37.9% |
| 2024 | -39.6% | +19.3% |
| 2025 | +647.5% | +13.2% |
| 2026 | -73.8% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ABTS and ECL good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ABTS and ECL?
As of 2026-08-27, the correlation of weekly returns between ABTS and ECL is -0.22 over 3 years, -0.03 over 1 year and -0.10 over 5 years.
Is ECL a good diversifier for ABTS?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 mean?
On the −1 to +1 scale, -0.22 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/abts-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/abts-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ABTS correlations · ECL correlations
