ECHO vs LTRX: Correlation
How closely do EchoStar (ECHO) and Lantronix, Inc. (LTRX) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and LTRX?
Across a 3-year window, the weekly returns of ECHO and LTRX correlate at 0.39, moderate. Little has changed lately, as the 1-year reading of 0.32 lands near the 3-year figure. Stretching to 5 years gives 0.33, with an annualized covariance of 2455.8 %².
By 3-year correlation, LTRX places #5 of the 35 assets tracked against ECHO. Their recent paths diverged sharply: over the last 12 months LTRX outperformed by 15.3 percentage points (+47.2% for ECHO against +62.5% for LTRX).
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 LTRX: side by side
| ECHO (EchoStar) | LTRX (Lantronix, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | +62.5% |
| 5-year return | +227.3% | +0.0% |
| Volatility (ann.) | 91.1% | 68.2% |
| Beta vs S&P 500 | 1.17 | 1.12 |
| Max drawdown (3Y) | -50.1% | -71.7% |
| 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 | LTRX |
|---|---|---|
| 2022 | -36.7% | -44.8% |
| 2023 | -0.7% | +35.6% |
| 2024 | +38.2% | -29.7% |
| 2025 | +374.7% | +42.2% |
| 2026 | -20.5% | +2.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and LTRX good diversifiers for each other?
Reasonably. At 0.39, ECHO and LTRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECHO and LTRX?
As of 2026-08-27, the correlation of weekly returns between ECHO and LTRX is 0.39 over 3 years, 0.32 over 1 year and 0.33 over 5 years.
Is LTRX a good diversifier for ECHO?
Reasonably. At 0.39, ECHO and LTRX keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
On the −1 to +1 scale, 0.39 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-ltrx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/echo-vs-ltrx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECHO correlations · LTRX correlations
