ECL vs VXX: Correlation
Measured on weekly returns over the past three years, Ecolab (ECL) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) carry a correlation of -0.47, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECL and VXX?
Over the past 3 years, ECL and VXX moved with a correlation of -0.47, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.29) than the 3-year average (-0.47). Over 5 years the correlation is -0.47, and the annualized covariance of weekly returns is -559.0 %².
VXX is close to the least connected end of ECL's tracked universe, ranking #52 of 53. Correlation aside, the last 12 months split them widely, with ECL ahead by 52.8 points (+3.1% versus -49.7%). Risk is not evenly split, since VXX carries 3.1 times the volatility of the other side.
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 VXX: side by side
| ECL (Ecolab) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +3.1% | -49.7% |
| 5-year return | +34.0% | -95.6% |
| Volatility (ann.) | 19.5% | 60.9% |
| Beta vs S&P 500 | 0.64 | -3.31 |
| Max drawdown (3Y) | -20.1% | -83.3% |
| Market cap | $80.1B | – |
| P/E (trailing) | 39.1 | – |
| Dividend yield | 0.98% | 0.00% |
| Sector / category | Materials | US Listed |
Year-by-year returns
| Year | ECL | VXX |
|---|---|---|
| 2022 | -37.1% | -23.8% |
| 2023 | +37.9% | -72.5% |
| 2024 | +19.3% | -26.2% |
| 2025 | +13.2% | -42.2% |
| 2026 | +9.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECL and VXX good diversifiers for each other?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ECL and VXX?
The ECL/VXX correlation stands at -0.47 on a 3-year window (1 year: -0.29, 5 years: -0.47), computed from weekly returns as of 2026-08-27.
Is VXX a good diversifier for ECL?
Yes: at -0.47, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.47 mean?
A reading of -0.47 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ecl-vs-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ecl-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECL correlations · VXX correlations
