BCPC vs ECL: Correlation
Measured on weekly returns over the past three years, Balchem Corporation (BCPC) and Ecolab (ECL) carry a correlation of 0.57, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCPC and ECL?
Across a 3-year window, the weekly returns of BCPC and ECL correlate at 0.57, moderate. The relationship has been stable: the 1-year correlation (0.58) sits close to the 3-year figure. Stretching to 5 years gives 0.57, with an annualized covariance of 254.5 %².
Within BCPC's tracked universe of 14 assets, ECL comes in at #4 by 3-year correlation. On 12-month performance BCPC holds a 6.5-point edge, +9.6% against +3.1%.
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.
BCPC vs ECL: side by side
| BCPC (Balchem Corporation) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | +9.6% | +3.1% |
| 5-year return | +31.0% | +34.0% |
| Volatility (ann.) | 22.7% | 19.5% |
| Beta vs S&P 500 | 0.57 | 0.64 |
| Max drawdown (3Y) | -23.1% | -20.1% |
| Market cap | $5.7B | $80.1B |
| P/E (trailing) | 35.4 | 39.1 |
| Dividend yield | 0.53% | 0.98% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | BCPC | ECL |
|---|---|---|
| 2022 | -27.1% | -37.1% |
| 2023 | +22.5% | +37.9% |
| 2024 | +10.2% | +19.3% |
| 2025 | -5.3% | +13.2% |
| 2026 | +16.0% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCPC and ECL good diversifiers for each other?
To a limited degree. At 0.57 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 BCPC and ECL?
Using weekly returns as of 2026-08-27: 0.57 over 3 years, with 0.58 over the last year and 0.57 over 5 years.
Is ECL a good diversifier for BCPC?
To a limited degree. At 0.57 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 0.57 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/bcpc-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/bcpc-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BCPC correlations · ECL correlations
