BRLT vs ECHO: Correlation
Measured on weekly returns over the past three years, Brilliant Earth Group, Inc. (BRLT) 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 BRLT and ECHO?
On 3 years of weekly data the BRLT/ECHO correlation comes out at 0.33, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.33). The 5-year figure is 0.32, and annualized covariance runs at 2017.5 %².
Within BRLT's tracked universe of 12 assets, ECHO comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ECHO ahead by 100.9 points (-53.7% versus +47.2%).
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.
BRLT vs ECHO: side by side
| BRLT (Brilliant Earth Group, Inc.) | ECHO (EchoStar) | |
|---|---|---|
| 1-year return | -53.7% | +47.2% |
| 5-year return | -91.4% | +227.3% |
| Volatility (ann.) | 66.7% | 91.1% |
| Beta vs S&P 500 | 1.29 | 1.17 |
| Max drawdown (3Y) | -68.9% | -50.1% |
| Market cap | $0.1B | $25.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | BRLT | ECHO |
|---|---|---|
| 2022 | -76.1% | -36.7% |
| 2023 | -13.7% | -0.7% |
| 2024 | -43.5% | +38.2% |
| 2025 | -6.3% | +374.7% |
| 2026 | -25.1% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BRLT and ECHO good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between BRLT and ECHO?
The BRLT/ECHO correlation stands at 0.33 on a 3-year window (1 year: 0.09, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is ECHO a good diversifier for BRLT?
Yes, to a useful degree: a correlation of 0.33 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.33 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/brlt-vs-echo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/brlt-vs-echo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: BRLT correlations · ECHO correlations
