ECHO vs KDP: Correlation
How closely do EchoStar (ECHO) and Keurig Dr Pepper (KDP) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and KDP?
Across a 3-year window, the weekly returns of ECHO and KDP correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.13) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -473.2 %².
Among the 35 assets we track against ECHO, KDP sits near the bottom by co-movement, at rank #34. Their recent paths diverged sharply: over the last 12 months ECHO outperformed by 36.3 percentage points (+47.2% for ECHO against +10.9% for KDP). This link changes with the market regime, having swung between -0.56 and 0.34 on a rolling one-year basis. Risk is not evenly split, since ECHO carries 3.9 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.
ECHO vs KDP: side by side
| ECHO (EchoStar) | KDP (Keurig Dr Pepper) | |
|---|---|---|
| 1-year return | +47.2% | +10.9% |
| 5-year return | +227.3% | +3.1% |
| Volatility (ann.) | 91.1% | 23.6% |
| Beta vs S&P 500 | 1.17 | 0.14 |
| Max drawdown (3Y) | -50.1% | -31.0% |
| Market cap | $25.1B | $43.4B |
| P/E (trailing) | – | 32.5 |
| Dividend yield | 0.00% | 2.86% |
| Sector / category | Communication Services | Consumer Staples |
Year-by-year returns
| Year | ECHO | KDP |
|---|---|---|
| 2022 | -36.7% | -1.2% |
| 2023 | -0.7% | -4.2% |
| 2024 | +38.2% | -1.1% |
| 2025 | +374.7% | -10.1% |
| 2026 | -20.5% | +16.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and KDP good diversifiers for each other?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECHO and KDP?
Using weekly returns as of 2026-08-27: -0.22 over 3 years, with -0.13 over the last year and -0.16 over 5 years.
Is KDP a good diversifier for ECHO?
By historical standards, yes. A correlation of -0.22 means the two rarely move for the same reasons.
What does a correlation of -0.22 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.
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Related comparisons
Hubs: ECHO correlations · KDP correlations
