BCV vs ECHO: Correlation
Measured on weekly returns over the past three years, Bancroft Fund, Ltd. (BCV) and EchoStar (ECHO) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BCV and ECHO?
On 3 years of weekly data the BCV/ECHO correlation comes out at 0.32, moderate. Recent behaviour matches the longer record: 0.28 over 1 year against 0.32 over 3. The 5-year figure is 0.32, and annualized covariance runs at 520.5 %².
Among the 20 assets we track against BCV, ECHO sits near the bottom by co-movement, at rank #17. The last year tells two different stories: ECHO led by 18.9 percentage points, +28.3% for BCV against +47.2% for ECHO. Note the risk asymmetry: ECHO runs 5.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
BCV vs ECHO: side by side
| BCV (Bancroft Fund, Ltd.) | ECHO (EchoStar) | |
|---|---|---|
| 1-year return | +28.3% | +47.2% |
| 5-year return | +22.7% | +227.3% |
| Volatility (ann.) | 17.6% | 91.1% |
| Beta vs S&P 500 | 0.68 | 1.17 |
| Max drawdown (3Y) | -14.6% | -50.1% |
| Market cap | $0.1B | $25.1B |
| P/E (trailing) | 3.7 | – |
| Dividend yield | 5.42% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BCV | ECHO |
|---|---|---|
| 2022 | -33.7% | -36.7% |
| 2023 | +5.6% | -0.7% |
| 2024 | +19.8% | +38.2% |
| 2025 | +33.4% | +374.7% |
| 2026 | +16.1% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BCV and ECHO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BCV and ECHO?
Using weekly returns as of 2026-08-27: 0.32 over 3 years, with 0.28 over the last year and 0.32 over 5 years.
Is ECHO a good diversifier for BCV?
Yes, to a useful degree: a correlation of 0.32 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.32 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/bcv-vs-echo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bcv-vs-echo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BCV correlations · ECHO correlations
