DSS vs ECHO: Correlation
How closely do DSS, Inc. (DSS) and EchoStar (ECHO) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DSS and ECHO?
Over the past 3 years, DSS and ECHO moved with a correlation of 0.38, which is moderate. The link has loosened recently: the 1-year correlation (0.19) runs below the 3-year figure (0.38). Over 5 years the correlation is 0.29, and the annualized covariance of weekly returns is 2140.5 %².
Few assets follow DSS as closely as ECHO, which ranks #1 of 10 tracked partners. Correlation aside, the last 12 months split them widely, with ECHO ahead by 115.8 points (-68.6% 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.
DSS vs ECHO: side by side
| DSS (DSS, Inc.) | ECHO (EchoStar) | |
|---|---|---|
| 1-year return | -68.6% | +47.2% |
| 5-year return | -97.6% | +227.3% |
| Volatility (ann.) | 62.3% | 91.1% |
| Beta vs S&P 500 | -0.03 | 1.17 |
| Max drawdown (3Y) | -90.5% | -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 | DSS | ECHO |
|---|---|---|
| 2022 | -75.6% | -36.7% |
| 2023 | -21.2% | -0.7% |
| 2024 | -62.5% | +38.2% |
| 2025 | +3.1% | +374.7% |
| 2026 | -41.4% | -20.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DSS and ECHO good diversifiers for each other?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between DSS and ECHO?
As of 2026-08-27, the correlation of weekly returns between DSS and ECHO is 0.38 over 3 years, 0.19 over 1 year and 0.29 over 5 years.
Is ECHO a good diversifier for DSS?
A fair diversifier. At 0.38, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.38 mean?
A reading of 0.38 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/dss-vs-echo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dss-vs-echo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: DSS correlations · ECHO correlations
