ECL vs PG: Correlation
Measured on weekly returns over the past three years, Ecolab (ECL) and Procter & Gamble (PG) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and PG?
Over the past 3 years, ECL and PG moved with a correlation of 0.43, which is moderate. The past 12 months show a tighter link (0.58) than the 3-year average (0.43). Over 5 years the correlation is 0.49, and the annualized covariance of weekly returns is 128.2 %².
Among the 53 assets we track against ECL, PG ranks #37 by 3-year correlation. The trailing year gives ECL the advantage: +3.1% versus -6.1%, a 9.2-point spread. Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.13 to 0.69.
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 PG: side by side
| ECL (Ecolab) | PG (Procter & Gamble) | |
|---|---|---|
| 1-year return | +3.1% | -6.1% |
| 5-year return | +34.0% | +13.9% |
| Volatility (ann.) | 19.5% | 15.3% |
| Beta vs S&P 500 | 0.64 | 0.19 |
| Max drawdown (3Y) | -20.1% | -21.2% |
| Market cap | $80.1B | $332.7B |
| P/E (trailing) | 39.1 | 21.9 |
| Dividend yield | 0.98% | 2.94% |
| Sector / category | Materials | Consumer Staples |
Year-by-year returns
| Year | ECL | PG |
|---|---|---|
| 2022 | -37.1% | -5.0% |
| 2023 | +37.9% | -0.9% |
| 2024 | +19.3% | +17.3% |
| 2025 | +13.2% | -12.3% |
| 2026 | +9.5% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and PG good diversifiers for each other?
Reasonably. At 0.43, ECL and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECL and PG?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.58 over the last year and 0.49 over 5 years.
Is PG a good diversifier for ECL?
Reasonably. At 0.43, ECL and PG keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.43 mean?
A reading of 0.43 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ECL correlations · PG correlations
