ECL vs. ICVT
ECL (Ecolab Inc.) is a stock, while ICVT (iShares Convertible Bond ETF) is Preferred Stock/Convertible Bonds fund tracking the Barclays U.S. Convertible Cash Pay Bond > $250MM Index. Over the past 10 years, ECL returned 8.96%/yr vs 14.11%/yr for ICVT. At a 0.40 correlation, their price movements are largely independent.
Performance
ECL vs. ICVT - Performance Comparison
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Returns By Period
In the year-to-date period, ECL achieves a -2.86% return, which is significantly lower than ICVT's 25.39% return. Over the past 10 years, ECL has underperformed ICVT with an annualized return of 8.96%, while ICVT has yielded a comparatively higher 14.11% annualized return.
ECL
- 1D
- -0.52%
- 1M
- -1.29%
- YTD
- -2.86%
- 6M
- -3.29%
- 1Y
- -3.77%
- 3Y*
- 14.82%
- 5Y*
- 4.52%
- 10Y*
- 8.96%
ICVT
- 1D
- 0.09%
- 1M
- 6.06%
- YTD
- 25.39%
- 6M
- 23.41%
- 1Y
- 41.66%
- 3Y*
- 20.87%
- 5Y*
- 7.81%
- 10Y*
- 14.11%
ECL vs. ICVT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ECL Ecolab Inc. | -2.86% | 13.19% | 19.29% | 37.94% | -37.10% | 9.38% | 13.17% | 32.26% | 11.07% | 15.80% |
ICVT iShares Convertible Bond ETF | 25.39% | 18.10% | 10.61% | 15.35% | -20.66% | -0.66% | 61.01% | 21.76% | -0.27% | 16.38% |
Correlation
The correlation between ECL and ICVT is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jun 5, 2015 | 0.40 |
The correlation between ECL and ICVT shifts across timeframes, from 0.20 (1 year) to 0.43 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ECL vs. ICVT — Risk / Return Rank
ECL
ICVT
ECL vs. ICVT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Ecolab Inc. (ECL) and iShares Convertible Bond ETF (ICVT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ECL | ICVT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.10 | ||
| Sortino ratioReturn per unit of downside risk | -3.91 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.52 | -0.53 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.55 | -5.74 |
| Martin ratioReturn relative to average drawdown | -0.45 | 20.21 | -20.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ECL | ICVT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.19 | 2.92 | -3.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.59 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.91 | -0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.78 | -0.23 |
Drawdowns
ECL vs. ICVT - Drawdown Comparison
The maximum ECL drawdown since its inception was -47.19%, which is greater than ICVT's maximum drawdown of -33.25%. Use the drawdown chart below to compare losses from any high point for ECL and ICVT.
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Drawdown Indicators
| ECL | ICVT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.19% | -33.25% | -13.94% |
Max Drawdown (1Y)Largest decline over 1 year | -20.09% | -7.55% | -12.54% |
Max Drawdown (3Y)Largest decline over 3 years | -20.09% | -11.22% | -8.87% |
Max Drawdown (5Y)Largest decline over 5 years | -43.70% | -29.95% | -13.75% |
Max Drawdown (10Y)Largest decline over 10 years | -43.70% | -33.25% | -10.45% |
Current DrawdownCurrent decline from peak | -17.30% | -0.89% | -16.41% |
Average DrawdownAverage peak-to-trough decline | -7.98% | -9.49% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.45% | 2.07% | +6.38% |
Volatility
ECL vs. ICVT - Volatility Comparison
Ecolab Inc. (ECL) has a higher volatility of 6.90% compared to iShares Convertible Bond ETF (ICVT) at 5.47%. This indicates that ECL's price experiences larger fluctuations and is considered to be riskier than ICVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECL | ICVT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.90% | 5.47% | +1.43% |
Volatility (6M)Calculated over the trailing 6-month period | 15.58% | 11.67% | +3.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.46% | 14.36% | +6.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.81% | 13.22% | +10.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.98% | 15.50% | +9.48% |
Dividends
ECL vs. ICVT - Dividend Comparison
ECL's dividend yield for the trailing twelve months is around 1.09%, less than ICVT's 1.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECL Ecolab Inc. | 1.09% | 1.02% | 1.01% | 1.09% | 1.42% | 0.83% | 0.87% | 0.96% | 1.15% | 1.13% | 1.21% | 1.17% |
ICVT iShares Convertible Bond ETF | 1.29% | 1.73% | 2.19% | 1.85% | 1.93% | 7.70% | 3.98% | 1.86% | 4.82% | 2.56% | 3.06% | 1.57% |
Frequently Asked Questions
ECL and ICVT have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ECL has higher volatility (6.90%) compared to ICVT (5.47%). In terms of maximum drawdown, ECL dropped -47.19% vs ICVT's -33.25%.
ICVT currently has the higher Sharpe Ratio (2.92 vs -0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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