Ecolab Inc. vs Unilever PLC
WatchlistECL / ULPrices through Oct 22, 2026
Why these are rivals: #2 and #3 by market value ($140B vs $80B) in Nasdaq's "Package Goods/Cosmetics" industry; SEC SIC 2840 / 2840 (same major group); #2 and #3 by market value ($140B vs $80B) with SEC SIC 2840 (Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics).
Rivals, but right now the price gap does not have a measured habit of closing, so there is no paper idea, whatever the gap.
- Co-movement: daily return correlation, 252 sessions: 0.53 (needs >= 0.60)
- Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
Business leadership
Business size
Annual revenue reported to the SEC. Scale, not market share.
| Year | ECL | UL | Larger |
|---|---|---|---|
| 2025 | $16.1B | - | - |
| 2024 | $15.7B | - | - |
| 2023 | $15.3B | - | - |
| 2022 | $14.2B | - | - |
| 2021 | $12.7B | - | - |
| 2020 | $11.8B | - | - |
Market value: ECL $80.2B, UL $140.4B.
Stock leadership
Neither is clearly ahead
Measured against the pair's own last 252 trading days.
The gap is 0.10 standard deviations, close to the usual relationship. 4 lead switches in the last year.
| Price change | 3 mo | 6 mo | 12 mo |
|---|---|---|---|
| ECL | +8.8% | +7.7% | +5.1% |
| UL | +9.9% | +16.5% | +1.7% |
Relationship
Not a measured twin today
Only these tests can make a pair tradable on paper.
- Pass
- Aligned sessions: 2521 (needs >= 254)
- Fail
- Co-movement: daily return correlation, 252 sessions: 0.54 (needs >= 0.60)
- Fail
- Mean reversion: ADF t-statistic of the spread: -2.23 (needs <= -2.873 (5% critical value))
- Pass
- Speed: half-life of the spread, sessions: 16.27 (needs <= 63)
- Data
- Both stocks current
The twins over two years
Prices side by side, and the gap between them
ECL Ecolab Inc. UL Unilever PLCPrice index, 100 = 2024-10-18. Tint = which stock is ahead of the pair's usual 1-year relationship (z beyond +/-0.5).
Spread z-score: ECL relative to UL, against the 252 sessions before each day. Above 0: ECL ahead; below 0: UL ahead. Lines at +/-2 (idea) and +/-4 (stop).
Data table (504 sessions)
| Date | ECL index | UL index | z | Ahead |
|---|---|---|---|---|
| 2026-10-22 | 111.80 | 100.70 | +0.10 | near the usual relationship |
| 2026-10-21 | 110.19 | 96.79 | +0.63 | ECL ahead |
| 2026-10-20 | 110.21 | 98.03 | +0.38 | near the usual relationship |
| 2026-10-19 | 109.36 | 97.92 | +0.24 | near the usual relationship |
| 2026-10-16 | 110.49 | 99.44 | +0.14 | near the usual relationship |
| 2026-10-15 | 111.23 | 97.17 | +0.77 | ECL ahead |
| 2026-10-14 | 110.04 | 95.98 | +0.81 | ECL ahead |
| 2026-10-13 | 109.26 | 93.92 | +1.12 | ECL ahead |
| 2026-10-12 | 108.74 | 94.62 | +0.87 | ECL ahead |
| 2026-10-09 | 107.79 | 93.58 | +0.92 | ECL ahead |
| 2026-10-08 | 107.74 | 93.10 | +1.02 | ECL ahead |
| 2026-10-07 | 106.36 | 91.65 | +1.08 | ECL ahead |
| 2026-10-06 | 107.40 | 91.38 | +1.35 | ECL ahead |
| 2026-10-05 | 105.97 | 90.15 | +1.37 | ECL ahead |
| 2026-10-02 | 104.68 | 89.73 | +1.21 | ECL ahead |
| 2026-10-01 | 103.75 | 89.55 | +1.07 | ECL ahead |
| 2026-09-30 | 105.02 | 91.28 | +0.93 | ECL ahead |
| 2026-09-29 | 106.28 | 92.05 | +1.01 | ECL ahead |
| 2026-09-28 | 107.18 | 93.98 | +0.75 | ECL ahead |
| 2026-09-25 | 106.90 | 94.00 | +0.69 | ECL ahead |
| 2026-09-24 | 105.32 | 93.56 | +0.48 | near the usual relationship |
| 2026-09-23 | 105.84 | 93.43 | +0.62 | ECL ahead |
| 2026-09-22 | 105.65 | 94.59 | +0.32 | near the usual relationship |
| 2026-09-21 | 103.26 | 93.44 | +0.09 | near the usual relationship |
| 2026-09-18 | 103.06 | 92.92 | +0.18 | near the usual relationship |
| 2026-09-17 | 103.91 | 93.52 | +0.22 | near the usual relationship |
| 2026-09-16 | 104.83 | 93.85 | +0.34 | near the usual relationship |
| 2026-09-15 | 105.03 | 93.85 | +0.38 | near the usual relationship |
| 2026-09-14 | 105.37 | 95.55 | +0.08 | near the usual relationship |
| 2026-09-11 | 105.63 | 93.22 | +0.66 | ECL ahead |
| 2026-09-10 | 103.88 | 92.63 | +0.44 | near the usual relationship |
| 2026-09-09 | 104.11 | 93.92 | +0.21 | near the usual relationship |
| 2026-09-08 | 106.37 | 95.50 | +0.31 | near the usual relationship |
| 2026-09-04 | 106.82 | 96.49 | +0.19 | near the usual relationship |
| 2026-09-03 | 106.70 | 96.55 | +0.16 | near the usual relationship |
| 2026-09-02 | 107.05 | 97.05 | +0.13 | near the usual relationship |
| 2026-09-01 | 107.19 | 96.76 | +0.22 | near the usual relationship |
| 2026-08-31 | 108.31 | 97.47 | +0.29 | near the usual relationship |
| 2026-08-28 | 109.67 | 97.80 | +0.47 | near the usual relationship |
| 2026-08-27 | 109.35 | 96.83 | +0.62 | ECL ahead |
| 2026-08-26 | 111.15 | 97.64 | +0.79 | ECL ahead |
| 2026-08-25 | 110.74 | 97.92 | +0.66 | ECL ahead |
| 2026-08-24 | 109.76 | 98.18 | +0.43 | near the usual relationship |
| 2026-08-21 | 107.71 | 96.40 | +0.42 | near the usual relationship |
| 2026-08-20 | 107.66 | 95.29 | +0.65 | ECL ahead |
| 2026-08-19 | 109.24 | 94.96 | +1.03 | ECL ahead |
| 2026-08-18 | 107.09 | 93.23 | +1.00 | ECL ahead |
| 2026-08-17 | 105.50 | 92.03 | +0.97 | ECL ahead |
| 2026-08-14 | 105.60 | 93.32 | +0.70 | ECL ahead |
| 2026-08-13 | 105.66 | 94.21 | +0.52 | ECL ahead |
| 2026-08-12 | 106.49 | 92.77 | +1.01 | ECL ahead |
| 2026-08-11 | 108.86 | 93.74 | +1.26 | ECL ahead |
| 2026-08-10 | 108.77 | 94.48 | +1.09 | ECL ahead |
| 2026-08-07 | 109.07 | 94.63 | +1.12 | ECL ahead |
| 2026-08-06 | 108.41 | 95.68 | +0.77 | ECL ahead |
| 2026-08-05 | 109.18 | 96.84 | +0.67 | ECL ahead |
| 2026-08-04 | 108.29 | 96.31 | +0.62 | ECL ahead |
| 2026-08-03 | 106.87 | 95.89 | +0.43 | near the usual relationship |
| 2026-07-31 | 106.18 | 95.31 | +0.43 | near the usual relationship |
| 2026-07-30 | 106.84 | 98.10 | -0.04 | near the usual relationship |
| 2026-07-29 | 108.51 | 99.20 | +0.05 | near the usual relationship |
| 2026-07-28 | 108.20 | 100.51 | -0.29 | near the usual relationship |
| 2026-07-27 | 103.79 | 92.24 | +0.65 | ECL ahead |
| 2026-07-24 | 102.79 | 91.59 | +0.59 | ECL ahead |
| 2026-07-23 | 100.64 | 90.50 | +0.41 | near the usual relationship |
| 2026-07-22 | 102.07 | 92.93 | +0.15 | near the usual relationship |
| 2026-07-21 | 101.05 | 91.37 | +0.29 | near the usual relationship |
| 2026-07-20 | 102.75 | 93.19 | +0.23 | near the usual relationship |
| 2026-07-17 | 104.35 | 93.77 | +0.43 | near the usual relationship |
| 2026-07-16 | 105.45 | 94.25 | +0.54 | ECL ahead |
| 2026-07-15 | 103.36 | 92.36 | +0.55 | ECL ahead |
| 2026-07-14 | 103.17 | 91.44 | +0.73 | ECL ahead |
| 2026-07-13 | 103.97 | 92.41 | +0.68 | ECL ahead |
| 2026-07-10 | 104.91 | 92.77 | +0.79 | ECL ahead |
| 2026-07-09 | 104.43 | 91.67 | +0.95 | ECL ahead |
| 2026-07-08 | 104.84 | 92.95 | +0.75 | ECL ahead |
| 2026-07-07 | 108.27 | 94.30 | +1.13 | ECL ahead |
| 2026-07-06 | 108.51 | 92.56 | +1.58 | ECL ahead |
| 2026-07-02 | 108.38 | 93.91 | +1.26 | ECL ahead |
| 2026-07-01 | 106.47 | 91.52 | +1.44 | ECL ahead |
| 2026-06-30 | 106.56 | 90.36 | +1.75 | ECL ahead |
| 2026-06-29 | 106.56 | 91.99 | +1.38 | ECL ahead |
| 2026-06-26 | 108.49 | 91.01 | +2.02 | ECL ahead |
| 2026-06-25 | 107.55 | 90.99 | +1.86 | ECL ahead |
| 2026-06-24 | 105.67 | 90.14 | +1.70 | ECL ahead |
| 2026-06-23 | 102.75 | 89.05 | +1.36 | ECL ahead |
| 2026-06-22 | 103.01 | 86.72 | +2.01 | ECL ahead |
| 2026-06-18 | 102.93 | 87.78 | +1.75 | ECL ahead |
| 2026-06-17 | 102.91 | 86.81 | +2.01 | ECL ahead |
| 2026-06-16 | 104.75 | 88.71 | +1.94 | ECL ahead |
| 2026-06-15 | 102.72 | 88.21 | +1.65 | ECL ahead |
| 2026-06-12 | 101.51 | 88.56 | +1.31 | ECL ahead |
| 2026-06-11 | 100.83 | 87.66 | +1.40 | ECL ahead |
| 2026-06-10 | 98.29 | 88.14 | +0.72 | ECL ahead |
| 2026-06-09 | 101.14 | 86.54 | +1.77 | ECL ahead |
| 2026-06-08 | 98.45 | 84.30 | +1.78 | ECL ahead |
| 2026-06-05 | 98.67 | 85.25 | +1.59 | ECL ahead |
| 2026-06-04 | 97.27 | 82.74 | +1.96 | ECL ahead |
| 2026-06-03 | 97.79 | 83.13 | +1.99 | ECL ahead |
| 2026-06-02 | 98.01 | 83.46 | +1.98 | ECL ahead |
| 2026-06-01 | 95.80 | 83.84 | +1.37 | ECL ahead |
| 2026-05-29 | 97.91 | 84.85 | +1.60 | ECL ahead |
| 2026-05-28 | 99.54 | 85.72 | +1.76 | ECL ahead |
| 2026-05-27 | 100.43 | 87.18 | +1.59 | ECL ahead |
| 2026-05-26 | 97.23 | 85.78 | +1.24 | ECL ahead |
| 2026-05-22 | 96.89 | 86.20 | +1.05 | ECL ahead |
| 2026-05-21 | 95.69 | 86.75 | +0.64 | ECL ahead |
| 2026-05-20 | 95.10 | 86.69 | +0.52 | ECL ahead |
| 2026-05-19 | 93.98 | 86.00 | +0.44 | near the usual relationship |
| 2026-05-18 | 95.31 | 86.12 | +0.73 | ECL ahead |
| 2026-05-15 | 94.71 | 84.53 | +1.01 | ECL ahead |
| 2026-05-14 | 95.19 | 86.18 | +0.70 | ECL ahead |
| 2026-05-13 | 95.47 | 86.42 | +0.71 | ECL ahead |
| 2026-05-12 | 96.27 | 87.06 | +0.74 | ECL ahead |
| 2026-05-11 | 96.04 | 86.03 | +0.95 | ECL ahead |
| 2026-05-08 | 97.23 | 87.78 | +0.79 | ECL ahead |
| 2026-05-07 | 98.12 | 88.27 | +0.87 | ECL ahead |
| 2026-05-06 | 100.75 | 89.73 | +1.08 | ECL ahead |
| 2026-05-05 | 98.54 | 87.81 | +1.08 | ECL ahead |
| 2026-05-04 | 97.75 | 88.24 | +0.81 | ECL ahead |
| 2026-05-01 | 99.25 | 89.82 | +0.77 | ECL ahead |
| 2026-04-30 | 99.67 | 88.65 | +1.13 | ECL ahead |
| 2026-04-29 | 98.15 | 85.52 | +1.54 | ECL ahead |
| 2026-04-28 | 102.10 | 86.71 | +2.05 | ECL ahead |
| 2026-04-27 | 102.46 | 86.42 | +2.18 | ECL ahead |
| 2026-04-24 | 103.07 | 87.37 | +2.08 | ECL ahead |
| 2026-04-23 | 103.82 | 86.45 | +2.41 | ECL ahead |
| 2026-04-22 | 102.86 | 86.32 | +2.25 | ECL ahead |
| 2026-04-21 | 103.59 | 85.61 | +2.55 | ECL ahead |
| 2026-04-20 | 105.44 | 87.12 | +2.57 | ECL ahead |
| 2026-04-17 | 105.10 | 87.97 | +2.34 | ECL ahead |
| 2026-04-16 | 102.97 | 86.09 | +2.38 | ECL ahead |
| 2026-04-15 | 103.41 | 87.31 | +2.21 | ECL ahead |
| 2026-04-14 | 104.46 | 86.89 | +2.52 | ECL ahead |
| 2026-04-13 | 105.26 | 87.52 | +2.56 | ECL ahead |
| 2026-04-10 | 104.52 | 87.69 | +2.42 | ECL ahead |
| 2026-04-09 | 104.21 | 87.87 | +2.35 | ECL ahead |
| 2026-04-08 | 104.61 | 87.55 | +2.52 | ECL ahead |
| 2026-04-07 | 100.31 | 83.72 | +2.61 | ECL ahead |
| 2026-04-06 | 102.13 | 84.21 | +2.91 | ECL ahead |
| 2026-04-02 | 101.08 | 83.34 | +2.97 | ECL ahead |
| 2026-04-01 | 103.09 | 84.26 | +3.22 | ECL ahead |
| 2026-03-31 | 101.74 | 85.63 | +2.68 | ECL ahead |
| 2026-03-30 | 100.39 | 90.15 | +1.36 | ECL ahead |
| 2026-03-27 | 99.97 | 89.23 | +1.50 | ECL ahead |
| 2026-03-26 | 101.07 | 89.90 | +1.58 | ECL ahead |
| 2026-03-25 | 102.71 | 91.38 | +1.59 | ECL ahead |
| 2026-03-24 | 101.16 | 91.11 | +1.35 | ECL ahead |
| 2026-03-23 | 99.87 | 91.79 | +0.93 | ECL ahead |
| 2026-03-20 | 98.10 | 92.41 | +0.42 | near the usual relationship |
| 2026-03-19 | 98.94 | 92.45 | +0.59 | ECL ahead |
| 2026-03-18 | 100.15 | 93.71 | +0.56 | ECL ahead |
| 2026-03-17 | 104.26 | 98.33 | +0.40 | near the usual relationship |
| 2026-03-16 | 104.46 | 98.34 | +0.44 | near the usual relationship |
| 2026-03-13 | 104.86 | 96.27 | +0.98 | ECL ahead |
| 2026-03-12 | 105.52 | 96.79 | +1.00 | ECL ahead |
| 2026-03-11 | 105.94 | 97.89 | +0.85 | ECL ahead |
| 2026-03-10 | 107.62 | 99.77 | +0.78 | ECL ahead |
| 2026-03-09 | 107.80 | 99.74 | +0.82 | ECL ahead |
| 2026-03-06 | 108.12 | 100.43 | +0.73 | ECL ahead |
| 2026-03-05 | 109.74 | 101.29 | +0.86 | ECL ahead |
| 2026-03-04 | 113.93 | 103.81 | +1.12 | ECL ahead |
| 2026-03-03 | 114.15 | 103.93 | +1.13 | ECL ahead |
| 2026-03-02 | 116.06 | 107.44 | +0.78 | ECL ahead |
| 2026-02-27 | 117.93 | 110.85 | +0.45 | near the usual relationship |
| 2026-02-26 | 117.33 | 110.14 | +0.47 | near the usual relationship |
| 2026-02-25 | 117.23 | 110.02 | +0.47 | near the usual relationship |
| 2026-02-24 | 117.86 | 112.11 | +0.19 | near the usual relationship |
| 2026-02-23 | 116.91 | 111.19 | +0.18 | near the usual relationship |
| 2026-02-20 | 116.33 | 110.07 | +0.27 | near the usual relationship |
| 2026-02-19 | 115.12 | 108.23 | +0.39 | near the usual relationship |
| 2026-02-18 | 115.73 | 108.85 | +0.37 | near the usual relationship |
| 2026-02-17 | 116.19 | 111.16 | +0.03 | near the usual relationship |
| 2026-02-13 | 114.42 | 112.11 | -0.43 | near the usual relationship |
| 2026-02-12 | 115.00 | 110.41 | -0.04 | near the usual relationship |
| 2026-02-11 | 116.10 | 110.13 | +0.20 | near the usual relationship |
| 2026-02-10 | 114.59 | 108.17 | +0.29 | near the usual relationship |
| 2026-02-09 | 110.21 | 107.26 | -0.30 | near the usual relationship |
| 2026-02-06 | 111.04 | 108.40 | -0.36 | near the usual relationship |
| 2026-02-05 | 109.84 | 107.57 | -0.42 | near the usual relationship |
| 2026-02-04 | 110.21 | 106.40 | -0.14 | near the usual relationship |
| 2026-02-03 | 108.02 | 103.93 | -0.08 | near the usual relationship |
| 2026-02-02 | 108.49 | 103.36 | +0.11 | near the usual relationship |
| 2026-01-30 | 107.85 | 102.75 | +0.11 | near the usual relationship |
| 2026-01-29 | 108.17 | 101.50 | +0.41 | near the usual relationship |
| 2026-01-28 | 107.65 | 100.00 | +0.61 | ECL ahead |
| 2026-01-27 | 108.66 | 101.54 | +0.49 | near the usual relationship |
| 2026-01-26 | 108.49 | 101.17 | +0.54 | ECL ahead |
| 2026-01-23 | 107.82 | 100.70 | +0.51 | ECL ahead |
| 2026-01-22 | 107.66 | 98.49 | +0.91 | ECL ahead |
| 2026-01-21 | 107.04 | 97.44 | +1.02 | ECL ahead |
| 2026-01-20 | 104.41 | 97.55 | +0.52 | ECL ahead |
| 2026-01-16 | 105.97 | 96.96 | +0.93 | ECL ahead |
| 2026-01-15 | 106.22 | 96.51 | +1.07 | ECL ahead |
| 2026-01-14 | 105.43 | 98.19 | +0.59 | ECL ahead |
| 2026-01-13 | 104.62 | 97.25 | +0.64 | ECL ahead |
| 2026-01-12 | 103.65 | 96.83 | +0.54 | ECL ahead |
| 2026-01-09 | 103.93 | 96.49 | +0.67 | ECL ahead |
| 2026-01-08 | 103.93 | 95.20 | +0.94 | ECL ahead |
| 2026-01-07 | 102.79 | 94.12 | +0.95 | ECL ahead |
| 2026-01-06 | 103.85 | 96.92 | +0.59 | ECL ahead |
| 2026-01-05 | 100.66 | 95.80 | +0.21 | near the usual relationship |
| 2026-01-02 | 100.45 | 97.77 | -0.22 | near the usual relationship |
| 2025-12-31 | 100.41 | 98.30 | -0.33 | near the usual relationship |
| 2025-12-30 | 101.16 | 98.63 | -0.25 | near the usual relationship |
| 2025-12-29 | 101.55 | 98.85 | -0.22 | near the usual relationship |
| 2025-12-26 | 101.64 | 99.47 | -0.32 | near the usual relationship |
| 2025-12-24 | 101.58 | 99.18 | -0.27 | near the usual relationship |
| 2025-12-23 | 101.25 | 98.79 | -0.26 | near the usual relationship |
| 2025-12-22 | 102.26 | 97.64 | +0.17 | near the usual relationship |
| 2025-12-19 | 100.81 | 97.85 | -0.15 | near the usual relationship |
| 2025-12-18 | 100.56 | 98.00 | -0.22 | near the usual relationship |
| 2025-12-17 | 100.16 | 98.55 | -0.41 | near the usual relationship |
| 2025-12-16 | 99.26 | 96.69 | -0.22 | near the usual relationship |
| 2025-12-15 | 99.87 | 97.76 | -0.31 | near the usual relationship |
| 2025-12-12 | 100.82 | 97.61 | -0.09 | near the usual relationship |
| 2025-12-11 | 99.95 | 97.43 | -0.22 | near the usual relationship |
| 2025-12-10 | 98.47 | 95.98 | -0.23 | near the usual relationship |
| 2025-12-09 | 96.88 | 96.25 | -0.59 | UL ahead |
| 2025-12-08 | 98.35 | 93.51 | +0.26 | near the usual relationship |
| 2025-12-05 | 99.32 | 94.49 | +0.25 | near the usual relationship |
| 2025-12-04 | 101.13 | 93.90 | +0.72 | ECL ahead |
| 2025-12-03 | 101.10 | 94.30 | +0.64 | ECL ahead |
| 2025-12-02 | 103.61 | 94.57 | +1.06 | ECL ahead |
| 2025-12-01 | 104.36 | 95.87 | +0.95 | ECL ahead |
| 2025-11-28 | 105.24 | 96.25 | +1.04 | ECL ahead |
| 2025-11-26 | 105.17 | 95.63 | +1.16 | ECL ahead |
| 2025-11-25 | 104.59 | 95.68 | +1.05 | ECL ahead |
| 2025-11-24 | 102.81 | 94.68 | +0.93 | ECL ahead |
| 2025-11-21 | 102.15 | 95.95 | +0.55 | ECL ahead |
| 2025-11-20 | 100.11 | 94.17 | +0.52 | ECL ahead |
| 2025-11-19 | 100.02 | 93.52 | +0.64 | ECL ahead |
| 2025-11-18 | 97.79 | 94.34 | +0.04 | near the usual relationship |
| 2025-11-17 | 97.71 | 94.06 | +0.08 | near the usual relationship |
| 2025-11-14 | 98.90 | 94.11 | +0.30 | near the usual relationship |
| 2025-11-13 | 100.20 | 95.84 | +0.21 | near the usual relationship |
| 2025-11-12 | 99.85 | 96.89 | -0.07 | near the usual relationship |
| 2025-11-11 | 100.23 | 97.01 | -0.02 | near the usual relationship |
| 2025-11-10 | 98.89 | 96.60 | -0.20 | near the usual relationship |
| 2025-11-07 | 97.96 | 97.65 | -0.58 | UL ahead |
| 2025-11-06 | 96.79 | 96.76 | -0.63 | UL ahead |
| 2025-11-05 | 99.03 | 97.36 | -0.31 | near the usual relationship |
| 2025-11-04 | 98.93 | 96.60 | -0.17 | near the usual relationship |
| 2025-11-03 | 98.47 | 96.38 | -0.21 | near the usual relationship |
| 2025-10-31 | 98.06 | 95.62 | -0.14 | near the usual relationship |
| 2025-10-30 | 98.33 | 96.70 | -0.30 | near the usual relationship |
| 2025-10-29 | 98.47 | 96.85 | -0.30 | near the usual relationship |
| 2025-10-28 | 102.61 | 98.36 | +0.19 | near the usual relationship |
| 2025-10-27 | 106.98 | 99.62 | +0.75 | ECL ahead |
| 2025-10-24 | 106.03 | 99.56 | +0.59 | ECL ahead |
| 2025-10-23 | 105.19 | 99.00 | +0.55 | ECL ahead |
| 2025-10-22 | 105.56 | 98.78 | +0.67 | ECL ahead |
| 2025-10-21 | 106.40 | 99.03 | +0.78 | ECL ahead |
| 2025-10-20 | 107.16 | 99.90 | +0.75 | ECL ahead |
| 2025-10-17 | 105.85 | 100.27 | +0.45 | near the usual relationship |
| 2025-10-16 | 103.50 | 98.52 | +0.37 | near the usual relationship |
| 2025-10-15 | 104.68 | 96.71 | +0.94 | ECL ahead |
| 2025-10-14 | 104.43 | 96.89 | +0.87 | ECL ahead |
| 2025-10-13 | 103.35 | 95.46 | +0.96 | ECL ahead |
| 2025-10-10 | 104.06 | 96.00 | +0.99 | ECL ahead |
| 2025-10-09 | 104.24 | 93.61 | +1.51 | ECL ahead |
| 2025-10-08 | 107.61 | 93.15 | +2.23 | ECL ahead |
| 2025-10-07 | 106.70 | 93.11 | +2.11 | ECL ahead |
| 2025-10-06 | 106.99 | 93.06 | +2.20 | ECL ahead |
| 2025-10-03 | 105.79 | 93.82 | +1.84 | ECL ahead |
| 2025-10-02 | 104.80 | 93.63 | +1.71 | ECL ahead |
| 2025-10-01 | 103.16 | 93.42 | +1.46 | ECL ahead |
| 2025-09-30 | 104.74 | 94.17 | +1.61 | ECL ahead |
| 2025-09-29 | 104.38 | 94.00 | +1.59 | ECL ahead |
| 2025-09-26 | 103.65 | 94.17 | +1.43 | ECL ahead |
| 2025-09-25 | 102.21 | 94.25 | +1.15 | ECL ahead |
| 2025-09-24 | 102.12 | 95.46 | +0.90 | ECL ahead |
| 2025-09-23 | 101.66 | 96.24 | +0.66 | ECL ahead |
| 2025-09-22 | 102.15 | 96.09 | +0.79 | ECL ahead |
| 2025-09-19 | 101.54 | 97.22 | +0.46 | near the usual relationship |
| 2025-09-18 | 101.29 | 97.63 | +0.34 | near the usual relationship |
| 2025-09-17 | 101.49 | 99.16 | +0.09 | near the usual relationship |
| 2025-09-16 | 100.99 | 98.27 | +0.18 | near the usual relationship |
| 2025-09-15 | 103.50 | 99.00 | +0.50 | ECL ahead |
| 2025-09-12 | 104.27 | 99.90 | +0.47 | near the usual relationship |
| 2025-09-11 | 105.13 | 100.86 | +0.46 | near the usual relationship |
| 2025-09-10 | 102.92 | 99.73 | +0.28 | near the usual relationship |
| 2025-09-09 | 103.52 | 100.21 | +0.31 | near the usual relationship |
| 2025-09-08 | 105.31 | 101.67 | +0.36 | near the usual relationship |
| 2025-09-05 | 104.63 | 102.16 | +0.17 | near the usual relationship |
| 2025-09-04 | 105.16 | 103.27 | +0.07 | near the usual relationship |
| 2025-09-03 | 104.50 | 102.05 | +0.18 | near the usual relationship |
| 2025-09-02 | 105.10 | 100.94 | +0.47 | near the usual relationship |
| 2025-08-29 | 105.96 | 100.40 | +0.72 | ECL ahead |
| 2025-08-28 | 106.72 | 99.08 | +1.08 | ECL ahead |
| 2025-08-27 | 107.24 | 99.32 | +1.13 | ECL ahead |
| 2025-08-26 | 106.79 | 98.49 | +1.21 | ECL ahead |
| 2025-08-25 | 106.46 | 98.59 | +1.15 | ECL ahead |
| 2025-08-22 | 108.52 | 100.17 | +1.22 | ECL ahead |
| 2025-08-21 | 108.26 | 100.51 | +1.13 | ECL ahead |
| 2025-08-20 | 109.18 | 100.97 | +1.20 | ECL ahead |
| 2025-08-19 | 108.49 | 98.44 | +1.55 | ECL ahead |
| 2025-08-18 | 107.12 | 97.36 | +1.53 | ECL ahead |
| 2025-08-15 | 107.41 | 96.90 | +1.68 | ECL ahead |
| 2025-08-14 | 107.08 | 97.98 | +1.44 | ECL ahead |
| 2025-08-13 | 107.79 | 99.19 | +1.36 | ECL ahead |
| 2025-08-12 | 105.80 | 97.03 | +1.43 | ECL ahead |
| 2025-08-11 | 104.60 | 96.74 | +1.29 | ECL ahead |
| 2025-08-08 | 104.36 | 97.00 | +1.21 | ECL ahead |
| 2025-08-07 | 103.18 | 97.41 | +0.94 | ECL ahead |
| 2025-08-06 | 102.80 | 96.60 | +1.03 | ECL ahead |
| 2025-08-05 | 101.92 | 95.52 | +1.08 | ECL ahead |
| 2025-08-04 | 101.08 | 95.58 | +0.93 | ECL ahead |
| 2025-08-01 | 99.83 | 96.06 | +0.64 | ECL ahead |
| 2025-07-31 | 100.11 | 92.82 | +1.29 | ECL ahead |
| 2025-07-30 | 100.64 | 93.74 | +1.22 | ECL ahead |
| 2025-07-29 | 99.21 | 94.25 | +0.88 | ECL ahead |
| 2025-07-28 | 103.26 | 94.06 | +1.62 | ECL ahead |
| 2025-07-25 | 103.94 | 96.00 | +1.39 | ECL ahead |
| 2025-07-24 | 103.20 | 96.97 | +1.09 | ECL ahead |
| 2025-07-23 | 102.69 | 96.71 | +1.06 | ECL ahead |
| 2025-07-22 | 103.48 | 95.85 | +1.36 | ECL ahead |
| 2025-07-21 | 102.54 | 94.77 | +1.41 | ECL ahead |
| 2025-07-18 | 102.79 | 94.84 | +1.45 | ECL ahead |
| 2025-07-17 | 102.89 | 94.98 | +1.45 | ECL ahead |
| 2025-07-16 | 102.39 | 95.82 | +1.21 | ECL ahead |
| 2025-07-15 | 101.29 | 95.73 | +1.04 | ECL ahead |
| 2025-07-14 | 102.59 | 96.85 | +1.06 | ECL ahead |
| 2025-07-11 | 102.10 | 96.57 | +1.03 | ECL ahead |
| 2025-07-10 | 102.04 | 97.65 | +0.82 | ECL ahead |
| 2025-07-09 | 102.58 | 96.58 | +1.11 | ECL ahead |
| 2025-07-08 | 102.85 | 96.76 | +1.13 | ECL ahead |
| 2025-07-07 | 103.95 | 97.55 | +1.18 | ECL ahead |
| 2025-07-03 | 104.83 | 97.49 | +1.35 | ECL ahead |
| 2025-07-02 | 104.21 | 97.52 | +1.24 | ECL ahead |
| 2025-07-01 | 104.26 | 97.66 | +1.23 | ECL ahead |
| 2025-06-30 | 103.05 | 97.17 | +1.11 | ECL ahead |
| 2025-06-27 | 102.29 | 96.78 | +1.05 | ECL ahead |
| 2025-06-26 | 100.68 | 96.39 | +0.84 | ECL ahead |
| 2025-06-25 | 101.91 | 97.36 | +0.87 | ECL ahead |
| 2025-06-24 | 102.06 | 99.03 | +0.59 | ECL ahead |
| 2025-06-23 | 101.72 | 99.05 | +0.53 | ECL ahead |
| 2025-06-20 | 99.91 | 97.33 | +0.52 | ECL ahead |
| 2025-06-18 | 99.53 | 98.65 | +0.20 | near the usual relationship |
| 2025-06-17 | 99.95 | 98.82 | +0.24 | near the usual relationship |
| 2025-06-16 | 101.79 | 99.73 | +0.41 | near the usual relationship |
| 2025-06-13 | 101.05 | 99.56 | +0.31 | near the usual relationship |
| 2025-06-12 | 103.63 | 101.11 | +0.48 | near the usual relationship |
| 2025-06-11 | 102.48 | 99.98 | +0.48 | near the usual relationship |
| 2025-06-10 | 103.03 | 100.29 | +0.52 | ECL ahead |
| 2025-06-09 | 101.87 | 99.68 | +0.43 | near the usual relationship |
| 2025-06-06 | 102.14 | 100.11 | +0.40 | near the usual relationship |
| 2025-06-05 | 102.09 | 100.19 | +0.37 | near the usual relationship |
| 2025-06-04 | 102.13 | 100.21 | +0.38 | near the usual relationship |
| 2025-06-03 | 101.51 | 99.62 | +0.37 | near the usual relationship |
| 2025-06-02 | 101.41 | 100.73 | +0.15 | near the usual relationship |
| 2025-05-30 | 101.59 | 101.41 | +0.06 | near the usual relationship |
| 2025-05-29 | 101.08 | 100.98 | +0.05 | near the usual relationship |
| 2025-05-28 | 100.49 | 100.56 | +0.02 | near the usual relationship |
| 2025-05-27 | 101.54 | 101.26 | +0.07 | near the usual relationship |
| 2025-05-23 | 99.86 | 101.32 | -0.24 | near the usual relationship |
| 2025-05-22 | 99.31 | 100.57 | -0.21 | near the usual relationship |
| 2025-05-21 | 99.80 | 100.81 | -0.17 | near the usual relationship |
| 2025-05-20 | 100.35 | 100.54 | -0.02 | near the usual relationship |
| 2025-05-19 | 99.96 | 99.21 | +0.15 | near the usual relationship |
| 2025-05-16 | 99.09 | 98.09 | +0.19 | near the usual relationship |
| 2025-05-15 | 97.88 | 98.24 | -0.06 | near the usual relationship |
| 2025-05-14 | 95.67 | 96.27 | -0.11 | near the usual relationship |
| 2025-05-13 | 96.19 | 96.54 | -0.07 | near the usual relationship |
| 2025-05-12 | 97.33 | 97.60 | -0.06 | near the usual relationship |
| 2025-05-09 | 96.64 | 99.29 | -0.49 | near the usual relationship |
| 2025-05-08 | 96.92 | 99.41 | -0.47 | near the usual relationship |
| 2025-05-07 | 97.27 | 101.84 | -0.84 | UL ahead |
| 2025-05-06 | 96.63 | 101.51 | -0.91 | UL ahead |
| 2025-05-05 | 97.57 | 100.83 | -0.62 | UL ahead |
| 2025-05-02 | 97.67 | 100.87 | -0.62 | UL ahead |
| 2025-05-01 | 96.62 | 100.06 | -0.67 | UL ahead |
| 2025-04-30 | 96.16 | 100.95 | -0.92 | UL ahead |
| 2025-04-29 | 94.44 | 100.30 | -1.13 | UL ahead |
| 2025-04-28 | 91.42 | 100.37 | -1.74 | UL ahead |
| 2025-04-25 | 91.08 | 99.48 | -1.66 | UL ahead |
| 2025-04-24 | 91.67 | 101.18 | -1.86 | UL ahead |
| 2025-04-23 | 91.01 | 102.02 | -2.16 | UL ahead |
| 2025-04-22 | 90.57 | 103.94 | -2.61 | UL ahead |
| 2025-04-21 | 88.55 | 101.14 | -2.56 | UL ahead |
| 2025-04-17 | 91.31 | 101.41 | -2.07 | UL ahead |
| 2025-04-16 | 90.25 | 99.40 | -1.93 | UL ahead |
| 2025-04-15 | 91.10 | 98.73 | -1.65 | UL ahead |
| 2025-04-14 | 91.26 | 98.87 | -1.65 | UL ahead |
| 2025-04-11 | 90.00 | 98.35 | -1.82 | UL ahead |
| 2025-04-10 | 88.94 | 95.17 | -1.45 | UL ahead |
| 2025-04-09 | 90.86 | 94.39 | -0.93 | UL ahead |
| 2025-04-08 | 86.30 | 91.98 | -1.39 | UL ahead |
| 2025-04-07 | 88.09 | 91.98 | -1.04 | UL ahead |
| 2025-04-04 | 90.94 | 95.19 | -1.09 | UL ahead |
| 2025-04-03 | 95.71 | 99.36 | -0.95 | UL ahead |
| 2025-04-02 | 97.02 | 95.09 | +0.05 | near the usual relationship |
| 2025-04-01 | 97.25 | 94.63 | +0.17 | near the usual relationship |
| 2025-03-31 | 96.96 | 94.60 | +0.12 | near the usual relationship |
| 2025-03-28 | 95.43 | 94.01 | -0.05 | near the usual relationship |
| 2025-03-27 | 96.64 | 93.20 | +0.31 | near the usual relationship |
| 2025-03-26 | 96.53 | 92.44 | +0.43 | near the usual relationship |
| 2025-03-25 | 96.08 | 92.28 | +0.37 | near the usual relationship |
| 2025-03-24 | 96.62 | 92.36 | +0.44 | near the usual relationship |
| 2025-03-21 | 96.00 | 93.17 | +0.18 | near the usual relationship |
| 2025-03-20 | 96.36 | 94.09 | +0.07 | near the usual relationship |
| 2025-03-19 | 97.19 | 93.60 | +0.30 | near the usual relationship |
| 2025-03-18 | 97.03 | 93.26 | +0.32 | near the usual relationship |
| 2025-03-17 | 96.34 | 94.87 | -0.09 | near the usual relationship |
| 2025-03-14 | 95.98 | 93.26 | +0.13 | near the usual relationship |
| 2025-03-13 | 96.04 | 93.14 | +0.16 | near the usual relationship |
| 2025-03-12 | 97.60 | 93.77 | +0.31 | near the usual relationship |
| 2025-03-11 | 99.08 | 94.25 | +0.47 | near the usual relationship |
| 2025-03-10 | 101.61 | 95.77 | +0.62 | ECL ahead |
| 2025-03-07 | 102.98 | 94.09 | +1.13 | ECL ahead |
| 2025-03-06 | 101.83 | 92.53 | +1.22 | ECL ahead |
| 2025-03-05 | 103.12 | 92.69 | +1.40 | ECL ahead |
| 2025-03-04 | 102.41 | 92.17 | +1.38 | ECL ahead |
| 2025-03-03 | 103.20 | 91.68 | +1.60 | ECL ahead |
| 2025-02-28 | 102.89 | 89.91 | +1.89 | ECL ahead |
| 2025-02-27 | 102.19 | 89.71 | +1.83 | ECL ahead |
| 2025-02-26 | 101.92 | 88.98 | +1.94 | ECL ahead |
| 2025-02-25 | 101.62 | 88.80 | +1.94 | ECL ahead |
| 2025-02-24 | 100.90 | 89.47 | +1.71 | ECL ahead |
| 2025-02-21 | 101.24 | 89.17 | +1.85 | ECL ahead |
| 2025-02-20 | 102.25 | 88.23 | +2.23 | ECL ahead |
| 2025-02-19 | 101.83 | 88.39 | +2.15 | ECL ahead |
| 2025-02-18 | 101.82 | 87.24 | +2.41 | ECL ahead |
| 2025-02-14 | 101.25 | 87.20 | +2.35 | ECL ahead |
| 2025-02-13 | 101.53 | 88.90 | +2.08 | ECL ahead |
| 2025-02-12 | 100.22 | 93.95 | +0.86 | ECL ahead |
| 2025-02-11 | 99.91 | 93.60 | +0.88 | ECL ahead |
| 2025-02-10 | 94.06 | 92.55 | +0.00 | near the usual relationship |
| 2025-02-07 | 94.62 | 92.57 | +0.11 | near the usual relationship |
| 2025-02-06 | 95.63 | 92.25 | +0.37 | near the usual relationship |
| 2025-02-05 | 95.51 | 92.53 | +0.29 | near the usual relationship |
| 2025-02-04 | 95.17 | 90.95 | +0.54 | ECL ahead |
| 2025-02-03 | 95.43 | 91.58 | +0.47 | near the usual relationship |
| 2025-01-31 | 95.69 | 91.15 | +0.61 | ECL ahead |
| 2025-01-30 | 96.58 | 92.61 | +0.49 | near the usual relationship |
| 2025-01-29 | 94.44 | 90.98 | +0.42 | near the usual relationship |
| 2025-01-28 | 95.43 | 91.31 | +0.54 | ECL ahead |
| 2025-01-27 | 94.16 | 92.34 | +0.10 | near the usual relationship |
| 2025-01-24 | 92.58 | 89.75 | +0.31 | near the usual relationship |
| 2025-01-23 | 92.91 | 90.02 | +0.32 | near the usual relationship |
| 2025-01-22 | 92.42 | 89.04 | +0.42 | near the usual relationship |
| 2025-01-21 | 92.20 | 90.41 | +0.11 | near the usual relationship |
| 2025-01-17 | 90.81 | 88.42 | +0.23 | near the usual relationship |
| 2025-01-16 | 91.47 | 88.07 | +0.44 | near the usual relationship |
| 2025-01-15 | 90.47 | 86.93 | +0.48 | near the usual relationship |
| 2025-01-14 | 89.46 | 86.96 | +0.28 | near the usual relationship |
| 2025-01-13 | 89.29 | 87.42 | +0.15 | near the usual relationship |
| 2025-01-10 | 87.86 | 87.58 | -0.17 | near the usual relationship |
| 2025-01-08 | 89.72 | 89.18 | -0.11 | near the usual relationship |
| 2025-01-07 | 88.52 | 88.72 | -0.26 | near the usual relationship |
| 2025-01-06 | 88.50 | 88.05 | -0.12 | near the usual relationship |
| 2025-01-03 | 88.71 | 89.77 | -0.42 | near the usual relationship |
| 2025-01-02 | 88.32 | 89.79 | -0.50 | UL ahead |
| 2024-12-31 | 89.62 | 90.07 | -0.30 | near the usual relationship |
| 2024-12-30 | 89.70 | 90.17 | -0.30 | near the usual relationship |
| 2024-12-27 | 90.94 | 91.28 | -0.28 | near the usual relationship |
| 2024-12-26 | 91.55 | 91.37 | -0.18 | near the usual relationship |
| 2024-12-24 | 92.08 | 90.85 | +0.03 | near the usual relationship |
| 2024-12-23 | 91.44 | 90.85 | -0.09 | near the usual relationship |
| 2024-12-20 | 91.14 | 90.80 | -0.14 | near the usual relationship |
| 2024-12-19 | 90.08 | 91.42 | -0.47 | near the usual relationship |
| 2024-12-18 | 90.90 | 91.87 | -0.39 | near the usual relationship |
| 2024-12-17 | 94.15 | 94.20 | -0.22 | near the usual relationship |
| 2024-12-16 | 95.00 | 94.23 | -0.06 | near the usual relationship |
| 2024-12-13 | 95.69 | 93.52 | +0.20 | near the usual relationship |
| 2024-12-12 | 95.16 | 93.26 | +0.16 | near the usual relationship |
| 2024-12-11 | 93.88 | 93.38 | -0.10 | near the usual relationship |
| 2024-12-10 | 94.49 | 93.26 | +0.03 | near the usual relationship |
| 2024-12-09 | 95.39 | 93.47 | +0.17 | near the usual relationship |
| 2024-12-06 | 95.75 | 93.79 | +0.18 | near the usual relationship |
| 2024-12-05 | 94.84 | 94.60 | -0.14 | near the usual relationship |
| 2024-12-04 | 95.18 | 94.31 | -0.02 | near the usual relationship |
| 2024-12-03 | 94.92 | 94.33 | -0.07 | near the usual relationship |
| 2024-12-02 | 95.02 | 95.17 | -0.20 | near the usual relationship |
| 2024-11-29 | 95.15 | 95.06 | -0.15 | near the usual relationship |
| 2024-11-27 | 94.74 | 94.90 | -0.20 | near the usual relationship |
| 2024-11-26 | 94.61 | 93.88 | -0.03 | near the usual relationship |
| 2024-11-25 | 94.44 | 93.38 | +0.04 | near the usual relationship |
| 2024-11-22 | 93.82 | 93.11 | -0.02 | near the usual relationship |
| 2024-11-21 | 93.10 | 91.55 | +0.14 | near the usual relationship |
| 2024-11-20 | 92.47 | 91.42 | +0.05 | near the usual relationship |
| 2024-11-19 | 93.44 | 91.91 | +0.15 | near the usual relationship |
| 2024-11-18 | 94.08 | 91.98 | +0.26 | near the usual relationship |
| 2024-11-15 | 93.80 | 91.18 | +0.36 | near the usual relationship |
| 2024-11-14 | 94.70 | 91.18 | +0.53 | ECL ahead |
| 2024-11-13 | 95.58 | 91.15 | +0.70 | ECL ahead |
| 2024-11-12 | 94.97 | 91.45 | +0.54 | ECL ahead |
| 2024-11-11 | 95.83 | 92.50 | +0.51 | ECL ahead |
| 2024-11-08 | 95.63 | 93.73 | +0.26 | near the usual relationship |
| 2024-11-07 | 94.20 | 94.69 | -0.14 | near the usual relationship |
| 2024-11-06 | 93.59 | 94.15 | -0.14 | near the usual relationship |
| 2024-11-05 | 94.41 | 97.95 | -0.63 | UL ahead |
| 2024-11-04 | 93.51 | 97.39 | -0.68 | UL ahead |
| 2024-11-01 | 93.54 | 97.41 | -0.66 | UL ahead |
| 2024-10-31 | 93.98 | 96.76 | -0.47 | near the usual relationship |
| 2024-10-30 | 96.61 | 97.86 | -0.20 | near the usual relationship |
| 2024-10-29 | 97.05 | 98.95 | -0.28 | near the usual relationship |
| 2024-10-28 | 98.08 | 99.35 | -0.17 | near the usual relationship |
| 2024-10-25 | 96.95 | 98.00 | -0.13 | near the usual relationship |
| 2024-10-24 | 98.04 | 98.97 | -0.09 | near the usual relationship |
| 2024-10-23 | 98.95 | 96.33 | +0.42 | near the usual relationship |
| 2024-10-22 | 98.77 | 98.30 | +0.13 | near the usual relationship |
| 2024-10-21 | 99.13 | 98.97 | +0.10 | near the usual relationship |
| 2024-10-18 | 100.00 | 100.00 | +0.08 | near the usual relationship |
One-day company-specific moves (4+ standard deviations, which block ideas for 10 sessions): Feb 13, 2025 (ECL +1.3%, UL -5.4%); Apr 3, 2025 (ECL -1.4%, UL +4.5%); Mar 31, 2026 (ECL +1.3%, UL -5.0%). Upcoming earnings: ECL Oct 27, 2026 (pre-market).
Paired trades
The shared paper book and the replay, kept apart
Forward paper record
No paper position on this pair yet.
Historical simulation (a diagnostic, same rules)
1 simulated trade to Oct 20, 2026: -6.09% per trade on average after costs, 0 won.
| Legs | Entered | Exited | Why | Days | Before costs | Costs + borrow | After costs |
|---|---|---|---|---|---|---|---|
| Long UL · Short ECL | Apr 28, 2020 | May 19, 2020 | divergence stop | 21 | -$536.20 | -$67.08 | -$608.97 (-6.09%) |
Per $10,000 a leg. A replay on today's companies cannot prove an edge.
The companies
ECL and UL at a glance
ECL Ecolab Inc.
- Listing
- NYSE · SEC CIK 31462
- Industry
- Package Goods/Cosmetics · SIC 2840 Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
- Market value
- $80.2B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
UL Unilever PLC
- Listing
- NYSE · SEC CIK 217410
- Industry
- Package Goods/Cosmetics · SIC 2840 Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
- Market value
- $140.4B
- Price history
- 2,521 daily closes, Oct 12, 2016 to Oct 22, 2026
Daily prices: Nasdaq.com. Filings and industry codes: SEC EDGAR. Earnings dates: Nasdaq earnings calendar.
Related
All pairs →Other rivals of ECL and UL
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Explore the private betaPaper only: hypothetical paired positions with modelled costs. No broker, no orders, no real money. A historical simulation is a diagnostic, not proof of an edge. Not investment advice.
