ECL vs VMC: Correlation
Measured on weekly returns over the past three years, Ecolab (ECL) and Vulcan Materials Company (VMC) carry a correlation of 0.46, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and VMC?
Over the past 3 years, ECL and VMC moved with a correlation of 0.46, which is moderate. Recent behaviour matches the longer record: 0.50 over 1 year against 0.46 over 3. Over 5 years the correlation is 0.51, and the annualized covariance of weekly returns is 224.3 %².
By 3-year correlation, VMC places #32 of the 53 assets tracked against ECL. Over the last 12 months ECL came out ahead by 8.3 percentage points (+3.1% against -5.2%). Do not treat this figure as fixed: across three years the rolling one-year correlation ranged all the way from 0.17 to 0.70.
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 VMC: side by side
| ECL (Ecolab) | VMC (Vulcan Materials Company) | |
|---|---|---|
| 1-year return | +3.1% | -5.2% |
| 5-year return | +34.0% | +53.2% |
| Volatility (ann.) | 19.5% | 25.2% |
| Beta vs S&P 500 | 0.64 | 0.82 |
| Max drawdown (3Y) | -20.1% | -24.4% |
| Market cap | $80.1B | $35.5B |
| P/E (trailing) | 39.1 | 32.3 |
| Dividend yield | 0.98% | 0.74% |
| Sector / category | Materials | Materials |
Year-by-year returns
| Year | ECL | VMC |
|---|---|---|
| 2022 | -37.1% | -14.9% |
| 2023 | +37.9% | +30.8% |
| 2024 | +19.3% | +14.1% |
| 2025 | +13.2% | +11.7% |
| 2026 | +9.5% | -3.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and VMC good diversifiers for each other?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECL and VMC?
Using weekly returns as of 2026-08-27: 0.46 over 3 years, with 0.50 over the last year and 0.51 over 5 years.
Is VMC a good diversifier for ECL?
A fair diversifier. At 0.46, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
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-vmc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ecl-vs-vmc/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ECL correlations · VMC correlations
