ECHO vs LYV: Correlation
How closely do EchoStar (ECHO) and Live Nation Entertainment (LYV) trade together? Their weekly returns over three years give a correlation of 0.21, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and LYV?
Over the past 3 years, ECHO and LYV moved with a correlation of 0.21, which is weak. The link has tightened recently: the 1-year correlation (0.37) runs above the 3-year figure (0.21). Over 5 years the correlation is 0.19, and the annualized covariance of weekly returns is 526.6 %².
Among the 35 assets we track against ECHO, LYV ranks #18 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ECHO ahead by 38.1 points (+47.2% versus +9.1%). The rolling one-year correlation moved between 0.02 and 0.35 over the past three years, a moderate range. One caveat on sizing: ECHO is 3.2 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 LYV: side by side
| ECHO (EchoStar) | LYV (Live Nation Entertainment) | |
|---|---|---|
| 1-year return | +47.2% | +9.1% |
| 5-year return | +227.3% | +108.7% |
| Volatility (ann.) | 91.1% | 28.1% |
| Beta vs S&P 500 | 1.17 | 1.02 |
| Max drawdown (3Y) | -50.1% | -27.8% |
| Market cap | $25.1B | $42.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | ECHO | LYV |
|---|---|---|
| 2022 | -36.7% | -41.7% |
| 2023 | -0.7% | +34.2% |
| 2024 | +38.2% | +38.4% |
| 2025 | +374.7% | +10.0% |
| 2026 | -20.5% | +26.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and LYV good diversifiers for each other?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECHO and LYV?
Using weekly returns as of 2026-08-27: 0.21 over 3 years, with 0.37 over the last year and 0.19 over 5 years.
Is LYV a good diversifier for ECHO?
A fair diversifier. At 0.21, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.21 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.
Use this data
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Related comparisons
Hubs: ECHO correlations · LYV correlations
