ECL Ecolab, Inc.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

ECL vs XLB

Both indexed to 100 at 2026-05-11.

ECL XLB · range 94–126 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

XLB State Street Materials Select Sector SPDR ETF

ρ +0.64beyond mkt +0.25holdout +0.71stable 100%robust

SHW The Sherwin-Williams Company

ρ +0.67beyond mkt +0.21holdout +0.74stable 100%robust

AAPL Apple Inc. Common Stock

ρ +0.38beyond mkt +0.21holdout +0.38stable 100%robust

RPM RPM International, Inc.

ρ +0.64beyond mkt +0.20holdout +0.73stable 100%robust

FIW First Trust Water ETF

ρ +0.66beyond mkt +0.16holdout +0.72stable 100%robust

PIO Invesco Exchange-Traded Fund Trust II Invesco Global Water ETF

ρ +0.61beyond mkt +0.15holdout +0.65stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.34beyond mkt -0.10holdout -0.31stable 88%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.37beyond mkt -0.09holdout -0.28stable 88%robust

No day-to-day relationship, but 5- or 10-day returns move together.

FLC Flaherty & Crumrine Total Return Fund Incorporated

horizon 10dρ +0.38holdout +0.47stable 75%robust

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

MBCE Monarch Blue Chips Elite Index ETF

Δ -0.61recent -0.21prior +0.39beyond mkt -0.01

MTRN Materion Corporation

Δ -0.58recent -0.24prior +0.35beyond mkt +0.04

FORM FormFactor, Inc. FormFactor, Inc. Common Stock

Δ -0.56recent -0.41prior +0.15beyond mkt -0.01

DBMF iMGP DBi Managed Futures Strategy ETF

Δ -0.54recent -0.51prior +0.03beyond mkt +0.03

INTC Intel Corporation Common Stock

Δ -0.54recent -0.42prior +0.12beyond mkt -0.06

BOF BranchOut Food Inc. Common Stock

Δ -0.54recent -0.37prior +0.18beyond mkt +0.03