CCEP vs ECL: Correlation
Measured on weekly returns over the past three years, Coca-Cola Europacific Partners plc (CCEP) and Ecolab (ECL) carry a correlation of 0.51, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CCEP and ECL?
Across a 3-year window, the weekly returns of CCEP and ECL correlate at 0.51, moderate. The past 12 months show a tighter link (0.66) than the 3-year average (0.51). Stretching to 5 years gives 0.50, with an annualized covariance of 191.5 %².
In CCEP's tracked universe of 17 assets, ECL sits right near the top at #3. The last year tells two different stories: CCEP led by 21.4 percentage points, +24.5% for CCEP against +3.1% for ECL.
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.
CCEP vs ECL: side by side
| CCEP (Coca-Cola Europacific Partners plc) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | +24.5% | +3.1% |
| 5-year return | +115.3% | +34.0% |
| Volatility (ann.) | 19.3% | 19.5% |
| Beta vs S&P 500 | 0.39 | 0.64 |
| Max drawdown (3Y) | -18.2% | -20.1% |
| Market cap | $47.4B | $80.1B |
| P/E (trailing) | 21.0 | 39.1 |
| Dividend yield | 1.90% | 0.98% |
| Sector / category | US Listed | Materials |
Year-by-year returns
| Year | CCEP | ECL |
|---|---|---|
| 2022 | +2.3% | -37.1% |
| 2023 | +24.5% | +37.9% |
| 2024 | +18.4% | +19.3% |
| 2025 | +21.2% | +13.2% |
| 2026 | +19.6% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CCEP and ECL good diversifiers for each other?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
FAQ
What is the correlation between CCEP and ECL?
Using weekly returns as of 2026-08-27: 0.51 over 3 years, with 0.66 over the last year and 0.50 over 5 years.
Is ECL a good diversifier for CCEP?
Somewhat, no more. With 0.51 correlation, most large moves hit both names, and the diversification benefit stays modest.
What does a correlation of 0.51 mean?
On the −1 to +1 scale, 0.51 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/ccep-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ccep-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CCEP correlations · ECL correlations
