ECHO vs MDB: Correlation
How closely do EchoStar (ECHO) and MongoDB, Inc. (MDB) trade together? Their weekly returns over three years give a correlation of 0.38, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and MDB?
On 3 years of weekly data the ECHO/MDB correlation comes out at 0.38, moderate. Recent behaviour matches the longer record: 0.37 over 1 year against 0.38 over 3. The 5-year figure is 0.31, and annualized covariance runs at 2200.6 %².
Within ECHO's tracked universe of 35 assets, MDB comes in at #7 by 3-year correlation. Neither side won the trailing year by much: +47.2% against +49.0%.
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 MDB: side by side
| ECHO (EchoStar) | MDB (MongoDB, Inc.) | |
|---|---|---|
| 1-year return | +47.2% | +49.0% |
| 5-year return | +227.3% | +11.2% |
| Volatility (ann.) | 91.1% | 63.4% |
| Beta vs S&P 500 | 1.17 | 1.93 |
| Max drawdown (3Y) | -50.1% | -70.9% |
| Market cap | $25.1B | $35.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | MDB |
|---|---|---|
| 2022 | -36.7% | -62.8% |
| 2023 | -0.7% | +107.7% |
| 2024 | +38.2% | -43.1% |
| 2025 | +374.7% | +80.3% |
| 2026 | -20.5% | +5.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and MDB good diversifiers for each other?
Reasonably. At 0.38, ECHO and MDB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between ECHO and MDB?
Using weekly returns as of 2026-08-27: 0.38 over 3 years, with 0.37 over the last year and 0.31 over 5 years.
Is MDB a good diversifier for ECHO?
Reasonably. At 0.38, ECHO and MDB keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.38 mean?
On the −1 to +1 scale, 0.38 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-mdb.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/echo-vs-mdb/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECHO correlations · MDB correlations
