ECHO vs IPDN: Correlation
How closely do EchoStar (ECHO) and Professional Diversity Network, Inc. (IPDN) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and IPDN?
On 3 years of weekly data the ECHO/IPDN correlation comes out at 0.43, moderate. The link has loosened recently: the 1-year correlation (-0.01) runs below the 3-year figure (0.43). The 5-year figure is 0.39, and annualized covariance runs at 7601.2 %².
IPDN is one of the assets that tracks ECHO most closely: it ranks #1 out of the 35 assets we track against ECHO. Their recent paths diverged sharply: over the last 12 months ECHO outperformed by 140.7 percentage points (+47.2% for ECHO against -93.5% for IPDN). One caveat on sizing: IPDN is 2.1 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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 IPDN: side by side
| ECHO (EchoStar) | IPDN (Professional Diversity Network, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | -93.5% |
| 5-year return | +227.3% | -99.5% |
| Volatility (ann.) | 91.1% | 192.4% |
| Beta vs S&P 500 | 1.17 | 1.06 |
| Max drawdown (3Y) | -50.1% | -99.6% |
| Market cap | $25.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | IPDN |
|---|---|---|
| 2022 | -36.7% | +5.1% |
| 2023 | -0.7% | -1.5% |
| 2024 | +38.2% | -75.4% |
| 2025 | +374.7% | -77.2% |
| 2026 | -20.5% | -89.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and IPDN good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECHO and IPDN?
The ECHO/IPDN correlation stands at 0.43 on a 3-year window (1 year: -0.01, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is IPDN a good diversifier for ECHO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/echo-vs-ipdn.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/echo-vs-ipdn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECHO correlations · IPDN correlations
