CRH vs ECL: Correlation
How closely do CRH plc (CRH) and Ecolab (ECL) trade together? Their weekly returns over three years give a correlation of 0.54, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CRH and ECL?
Across a 3-year window, the weekly returns of CRH and ECL correlate at 0.54, moderate. Little has changed lately, as the 1-year reading of 0.47 lands near the 3-year figure. Stretching to 5 years gives 0.53, with an annualized covariance of 311.3 %².
By 3-year correlation, ECL places #22 of the 40 assets tracked against CRH. Their recent paths diverged sharply: over the last 12 months ECL outperformed by 17.7 percentage points (-14.6% for CRH against +3.1% for ECL). Stability stands out here, with the rolling one-year correlation confined to 0.45 through 0.68. Risk is not evenly split, since CRH carries 1.5 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.
CRH vs ECL: side by side
| CRH (CRH plc) | ECL (Ecolab) | |
|---|---|---|
| 1-year return | -14.6% | +3.1% |
| 5-year return | +104.1% | +34.0% |
| Volatility (ann.) | 29.7% | 19.5% |
| Beta vs S&P 500 | 1.26 | 0.64 |
| Max drawdown (3Y) | -28.4% | -20.1% |
| Market cap | $63.6B | $80.1B |
| P/E (trailing) | 17.2 | 39.1 |
| Dividend yield | 1.57% | 0.98% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | CRH | ECL |
|---|---|---|
| 2022 | -20.5% | -37.1% |
| 2023 | +81.3% | +37.9% |
| 2024 | +35.9% | +19.3% |
| 2025 | +35.9% | +13.2% |
| 2026 | -22.6% | +9.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CRH and ECL good diversifiers for each other?
Only partially. A correlation of 0.54 means CRH and ECL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between CRH and ECL?
As of 2026-08-27, the correlation of weekly returns between CRH and ECL is 0.54 over 3 years, 0.47 over 1 year and 0.53 over 5 years.
Is ECL a good diversifier for CRH?
Only partially. A correlation of 0.54 means CRH and ECL share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.54 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/crh-vs-ecl.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/crh-vs-ecl/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CRH correlations · ECL correlations
