ECL vs SYK: Correlation
Ecolab (ECL) and Stryker Corporation (SYK) show a moderate relationship: their 3-year correlation of weekly returns is 0.47.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and SYK?
On 3 years of weekly data the ECL/SYK correlation comes out at 0.47, moderate. Little has changed lately, as the 1-year reading of 0.49 lands near the 3-year figure. The 5-year figure is 0.57, and annualized covariance runs at 199.3 %².
By 3-year correlation, SYK places #30 of the 53 assets tracked against ECL. Their recent paths diverged sharply: over the last 12 months ECL outperformed by 20.3 percentage points (+3.1% for ECL against -17.2% for SYK). The rolling one-year correlation moved between 0.30 and 0.61 over the past three years, a moderate range.
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 SYK: side by side
| ECL (Ecolab) | SYK (Stryker Corporation) | |
|---|---|---|
| 1-year return | +3.1% | -17.2% |
| 5-year return | +34.0% | +23.8% |
| Volatility (ann.) | 19.5% | 21.5% |
| Beta vs S&P 500 | 0.64 | 0.61 |
| Max drawdown (3Y) | -20.1% | -29.4% |
| Market cap | $80.1B | $123.6B |
| P/E (trailing) | 39.1 | 34.1 |
| Dividend yield | 0.98% | 1.06% |
| Sector / category | Materials | Health Care |
Year-by-year returns
| Year | ECL | SYK |
|---|---|---|
| 2022 | -37.1% | -7.4% |
| 2023 | +37.9% | +23.8% |
| 2024 | +19.3% | +21.3% |
| 2025 | +13.2% | -1.5% |
| 2026 | +9.5% | -7.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and SYK good diversifiers for each other?
Reasonably. At 0.47, ECL and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECL and SYK?
Using weekly returns as of 2026-08-27: 0.47 over 3 years, with 0.49 over the last year and 0.57 over 5 years.
Is SYK a good diversifier for ECL?
Reasonably. At 0.47, ECL and SYK keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.47 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-syk.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ecl-vs-syk/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECL correlations · SYK correlations
