BALL vs ECL: Correlation
Measured on weekly returns over the past three years, Ball Corporation (BALL) and Ecolab (ECL) carry a correlation of 0.50, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BALL and ECL?
Across a 3-year window, the weekly returns of BALL and ECL correlate at 0.50, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.66 versus 0.50 over 3 years. Stretching to 5 years gives 0.52, with an annualized covariance of 265.1 %².
Within BALL's tracked universe of 41 assets, ECL comes in at #17 by 3-year correlation. The last year tells two different stories: BALL led by 19.8 percentage points, +22.9% for BALL against +3.1% for ECL. Across three years, the rolling one-year figure varied moderately, from 0.32 to 0.68.
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.
BALL vs ECL: side by side
| BALL (Ball Corporation) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | +22.9% | +3.1% |
| 5-year return | -29.3% | +34.0% |
| Volatility (ann.) | 26.9% | 19.5% |
| Beta vs S&P 500 | 0.43 | 0.64 |
| Max drawdown (3Y) | -35.6% | -20.1% |
| Market cap | $16.8B | $80.1B |
| P/E (trailing) | 18.4 | 39.1 |
| Dividend yield | 1.25% | 0.98% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | BALL | ECL |
|---|---|---|
| 2022 | -46.2% | -37.1% |
| 2023 | +14.1% | +37.9% |
| 2024 | -3.0% | +19.3% |
| 2025 | -2.4% | +13.2% |
| 2026 | +20.4% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BALL 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 BALL and ECL?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.66 over the last year and 0.52 over 5 years.
Is ECL a good diversifier for BALL?
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?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ball-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ball-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BALL correlations · ECL correlations
