ECL vs VIG: Correlation
How closely do Ecolab (ECL) and Vanguard Dividend Appreciation ETF (VIG) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and VIG?
Across a 3-year window, the weekly returns of ECL and VIG correlate at 0.62, strong. The past 12 months show a weaker link (0.48) than the 3-year average (0.62). Stretching to 5 years gives 0.71, with an annualized covariance of 144.2 %².
By 3-year correlation, VIG places #9 of the 53 assets tracked against ECL. Over the last 12 months VIG came out ahead by 14.0 percentage points (+3.1% against +17.1%). The rolling one-year correlation moved between 0.51 and 0.78 over the past three years, a moderate range. Note the risk asymmetry: ECL runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 VIG: side by side
| ECL (Ecolab) | VIG (Vanguard Dividend Appreciation ETF) | |
|---|---|---|
| 1-year return | +3.1% | +17.1% |
| 5-year return | +34.0% | +64.0% |
| Volatility (ann.) | 19.5% | 11.9% |
| Beta vs S&P 500 | 0.64 | 0.74 |
| Max drawdown (3Y) | -20.1% | -15.0% |
| Market cap | $80.1B | – |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.98% | 1.50% |
| Expense ratio | – | 0.04% |
| Assets under management | – | $130.9B |
| Sector / category | Materials | ETF · Dividend |
VIG, Vanguard's Large Blend fund, carries $130.9B under management, 333 holdings, a 0.04% expense ratio, a 1.50% trailing dividend yield.
Year-by-year returns
| Year | ECL | VIG |
|---|---|---|
| 2022 | -37.1% | -9.8% |
| 2023 | +37.9% | +14.5% |
| 2024 | +19.3% | +17.0% |
| 2025 | +13.2% | +14.2% |
| 2026 | +9.5% | +11.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Fund exposure
Keep in mind that VIG holds ECL at a 0.31% weight, which makes a slice of this correlation mechanical rather than coincidental.
Are ECL and VIG good diversifiers for each other?
Only partially. A correlation of 0.62 means ECL and VIG 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 ECL and VIG?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.48 over the last year and 0.71 over 5 years.
Is VIG a good diversifier for ECL?
Only partially. A correlation of 0.62 means ECL and VIG share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecl-vs-vig.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecl-vs-vig/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECL correlations · VIG correlations
