ECL vs VEL: Correlation
Measured on weekly returns over the past three years, Ecolab (ECL) and Velocity Financial, Inc. (VEL) carry a correlation of 0.44, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and VEL?
On 3 years of weekly data the ECL/VEL correlation comes out at 0.44, moderate. Little has changed lately, as the 1-year reading of 0.41 lands near the 3-year figure. The 5-year figure is 0.37, and annualized covariance runs at 221.5 %².
By 3-year correlation, VEL places #36 of the 53 assets tracked against ECL. On 12-month performance ECL holds a 8.2-point edge, +3.1% against -5.1%.
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 VEL: side by side
| ECL (Ecolab) | VEL (Velocity Financial, Inc.) | |
|---|---|---|
| 1-year return | +3.1% | -5.1% |
| 5-year return | +34.0% | +41.6% |
| Volatility (ann.) | 19.5% | 25.6% |
| Beta vs S&P 500 | 0.64 | 0.42 |
| Max drawdown (3Y) | -20.1% | -22.1% |
| Market cap | $80.1B | $0.7B |
| P/E (trailing) | 39.1 | 6.4 |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ECL | VEL |
|---|---|---|
| 2022 | -37.1% | -29.6% |
| 2023 | +37.9% | +78.4% |
| 2024 | +19.3% | +13.6% |
| 2025 | +13.2% | +6.1% |
| 2026 | +9.5% | -12.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and VEL good diversifiers for each other?
Reasonably. At 0.44, ECL and VEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECL and VEL?
The ECL/VEL correlation stands at 0.44 on a 3-year window (1 year: 0.41, 5 years: 0.37), computed from weekly returns as of 2026-08-27.
Is VEL a good diversifier for ECL?
Reasonably. At 0.44, ECL and VEL keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.44 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-vel.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecl-vs-vel/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECL correlations · VEL correlations
