ECHO vs IFRX: Correlation
EchoStar (ECHO) and InflaRx N.V. (IFRX) show a moderate relationship: their 3-year correlation of weekly returns is 0.39.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and IFRX?
Across a 3-year window, the weekly returns of ECHO and IFRX correlate at 0.39, moderate. The past 12 months show a weaker link (0.09) than the 3-year average (0.39). Stretching to 5 years gives 0.23, with an annualized covariance of 3652.0 %².
Among the 35 assets we track against ECHO, IFRX ranks #4 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IFRX outperformed by 79.8 percentage points (+47.2% for ECHO against +127.0% for IFRX).
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.
ECHO vs IFRX: side by side
| ECHO (EchoStar) | IFRX (InflaRx N.V.) | |
|---|---|---|
| 1-year return | +47.2% | +127.0% |
| 5-year return | +227.3% | -9.2% |
| Volatility (ann.) | 91.1% | 102.6% |
| Beta vs S&P 500 | 1.17 | 1.54 |
| Max drawdown (3Y) | -50.1% | -82.4% |
| Market cap | $25.1B | $0.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | IFRX |
|---|---|---|
| 2022 | -36.7% | -34.9% |
| 2023 | -0.7% | -47.4% |
| 2024 | +38.2% | +51.5% |
| 2025 | +374.7% | -59.1% |
| 2026 | -20.5% | +124.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and IFRX good diversifiers for each other?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECHO and IFRX?
As of 2026-08-27, the correlation of weekly returns between ECHO and IFRX is 0.39 over 3 years, 0.09 over 1 year and 0.23 over 5 years.
Is IFRX a good diversifier for ECHO?
A fair diversifier. At 0.39, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.39 mean?
A reading of 0.39 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ECHO correlations · IFRX correlations
