BHR vs ECHO: Correlation
Measured on weekly returns over the past three years, Braemar Hotels & Resorts Inc. (BHR) and EchoStar (ECHO) carry a correlation of 0.33, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BHR and ECHO?
Over the past 3 years, BHR and ECHO moved with a correlation of 0.33, which is moderate. The link has loosened recently: the 1-year correlation (0.13) runs below the 3-year figure (0.33). Over 5 years the correlation is 0.32, and the annualized covariance of weekly returns is 1686.2 %².
Among the 12 assets we track against BHR, ECHO ranks #6 by 3-year correlation. The last year tells two different stories: ECHO led by 68.6 percentage points, -21.4% for BHR against +47.2% for ECHO. Risk is not evenly split, since ECHO carries 1.6 times the volatility of the other side.
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.
BHR vs ECHO: side by side
| BHR (Braemar Hotels & Resorts Inc.) | ECHO (EchoStar) | |
|---|---|---|
| 1-year return | -21.4% | +47.2% |
| 5-year return | -47.8% | +227.3% |
| Volatility (ann.) | 55.4% | 91.1% |
| Beta vs S&P 500 | 1.17 | 1.17 |
| Max drawdown (3Y) | -49.7% | -50.1% |
| Market cap | $0.2B | $25.1B |
| P/E (trailing) | – | – |
| Dividend yield | 4.88% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BHR | ECHO |
|---|---|---|
| 2022 | -17.9% | -36.7% |
| 2023 | -35.2% | -0.7% |
| 2024 | +29.6% | +38.2% |
| 2025 | +3.0% | +374.7% |
| 2026 | -27.9% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BHR and ECHO good diversifiers for each other?
Reasonably. At 0.33, BHR and ECHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between BHR and ECHO?
As of 2026-08-27, the correlation of weekly returns between BHR and ECHO is 0.33 over 3 years, 0.13 over 1 year and 0.32 over 5 years.
Is ECHO a good diversifier for BHR?
Reasonably. At 0.33, BHR and ECHO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.33 mean?
On the −1 to +1 scale, 0.33 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bhr-vs-echo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bhr-vs-echo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BHR correlations · ECHO correlations
