AMCR vs ECL: Correlation
Amcor (AMCR) and Ecolab (ECL) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AMCR and ECL?
Over the past 3 years, AMCR and ECL moved with a correlation of 0.50, which is moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.50). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 238.3 %².
Among the 36 assets we track against AMCR, ECL ranks #14 by 3-year correlation. The trailing year gives AMCR the advantage: +12.6% versus +3.1%, a 9.5-point spread. Across three years, the rolling one-year figure varied moderately, from 0.31 to 0.63.
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.
AMCR vs ECL: side by side
| AMCR (Amcor) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | +12.6% | +3.1% |
| 5-year return | -9.8% | +34.0% |
| Volatility (ann.) | 24.5% | 19.5% |
| Beta vs S&P 500 | 0.46 | 0.64 |
| Max drawdown (3Y) | -32.0% | -20.1% |
| Market cap | $21.5B | $80.1B |
| P/E (trailing) | 19.8 | 39.1 |
| Dividend yield | 5.51% | 0.98% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | AMCR | ECL |
|---|---|---|
| 2022 | +3.2% | -37.1% |
| 2023 | -15.0% | +37.9% |
| 2024 | +2.6% | +19.3% |
| 2025 | -9.0% | +13.2% |
| 2026 | +14.9% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AMCR and ECL good diversifiers for each other?
To a limited degree. At 0.50 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 AMCR and ECL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.63 over the last year and 0.52 over 5 years.
Is ECL a good diversifier for AMCR?
To a limited degree. At 0.50 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 0.50 mean?
On the −1 to +1 scale, 0.50 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/amcr-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/amcr-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AMCR correlations · ECL correlations
