AQB vs ECHO: Correlation
Measured on weekly returns over the past three years, AquaBounty Technologies, Inc. (AQB) and EchoStar (ECHO) carry a correlation of 0.36, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AQB and ECHO?
Over the past 3 years, AQB and ECHO moved with a correlation of 0.36, which is moderate. The past 12 months show a weaker link (0.06) than the 3-year average (0.36). Over 5 years the correlation is 0.34, and the annualized covariance of weekly returns is 3168.0 %².
Few assets follow AQB as closely as ECHO, which ranks #2 of 10 tracked partners. Their 12-month results are close: +44.3% for AQB against +47.2% for ECHO.
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.
AQB vs ECHO: side by side
| AQB (AquaBounty Technologies, Inc.) | ECHO (EchoStar) | |
|---|---|---|
| 1-year return | +44.3% | +47.2% |
| 5-year return | -98.6% | +227.3% |
| Volatility (ann.) | 97.8% | 91.1% |
| Beta vs S&P 500 | 1.24 | 1.17 |
| Max drawdown (3Y) | -90.6% | -50.1% |
| Market cap | – | $25.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | AQB | ECHO |
|---|---|---|
| 2022 | -63.6% | -36.7% |
| 2023 | -81.3% | -0.7% |
| 2024 | -78.0% | +38.2% |
| 2025 | +48.6% | +374.7% |
| 2026 | +40.9% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AQB and ECHO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between AQB and ECHO?
The AQB/ECHO correlation stands at 0.36 on a 3-year window (1 year: 0.06, 5 years: 0.34), computed from weekly returns as of 2026-08-27.
Is ECHO a good diversifier for AQB?
Yes, to a useful degree: a correlation of 0.36 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.36 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/aqb-vs-echo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/aqb-vs-echo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AQB correlations · ECHO correlations
