ECL vs IFF: Correlation
Ecolab (ECL) and International Flavors & Fragrances (IFF) show a moderate relationship: their 3-year correlation of weekly returns is 0.46.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and IFF?
Over the past 3 years, ECL and IFF moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.53 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 268.0 %².
By 3-year correlation, IFF places #31 of the 53 assets tracked against ECL. Correlation aside, the last 12 months split them widely, with IFF ahead by 30.1 points (+3.1% versus +33.2%). On a rolling one-year basis the correlation drifted between 0.24 and 0.57, a moderate band. One caveat on sizing: IFF is 1.5 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
ECL vs IFF: side by side
| ECL (Ecolab) | IFF (International Flavors & Fragrances) | |
|---|---|---|
| 1-year return | +3.1% | +33.2% |
| 5-year return | +34.0% | -34.3% |
| Volatility (ann.) | 19.5% | 29.5% |
| Beta vs S&P 500 | 0.64 | 0.69 |
| Max drawdown (3Y) | -20.1% | -42.6% |
| Market cap | $80.1B | $22.2B |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.98% | 1.84% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | ECL | IFF |
|---|---|---|
| 2022 | -37.1% | -28.3% |
| 2023 | +37.9% | -19.5% |
| 2024 | +19.3% | +6.3% |
| 2025 | +13.2% | -18.4% |
| 2026 | +9.5% | +30.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and IFF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ECL and IFF?
As of 2026-08-27, the correlation of weekly returns between ECL and IFF is 0.46 over 3 years, 0.53 over 1 year and 0.51 over 5 years.
Is IFF a good diversifier for ECL?
Yes, to a useful degree: a correlation of 0.46 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.46 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/ecl-vs-iff.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecl-vs-iff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECL correlations · IFF correlations
