ECHO vs OMC: Correlation
How closely do EchoStar (ECHO) and Omnicom Group (OMC) trade together? Their weekly returns over three years give a correlation of 0.17, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and OMC?
On 3 years of weekly data the ECHO/OMC correlation comes out at 0.17, weak. Little has changed lately, as the 1-year reading of 0.16 lands near the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 432.2 %².
Among the 35 assets we track against ECHO, OMC ranks #22 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ECHO ahead by 30.7 points (+47.2% versus +16.5%). On a rolling one-year basis the correlation drifted between 0.02 and 0.45, a moderate band. Note the risk asymmetry: ECHO runs 3.3 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 OMC: side by side
| ECHO (EchoStar) | OMC (Omnicom Group) | |
|---|---|---|
| 1-year return | +47.2% | +16.5% |
| 5-year return | +227.3% | +45.6% |
| Volatility (ann.) | 91.1% | 28.0% |
| Beta vs S&P 500 | 1.17 | 0.76 |
| Max drawdown (3Y) | -50.1% | -33.3% |
| Market cap | $25.1B | $24.1B |
| P/E (trailing) | – | 237.5 |
| Dividend yield | 0.00% | 3.53% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | ECHO | OMC |
|---|---|---|
| 2022 | -36.7% | +15.7% |
| 2023 | -0.7% | +9.6% |
| 2024 | +38.2% | +2.5% |
| 2025 | +374.7% | -2.6% |
| 2026 | -20.5% | +11.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and OMC good diversifiers for each other?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECHO and OMC?
The ECHO/OMC correlation stands at 0.17 on a 3-year window (1 year: 0.16, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is OMC a good diversifier for ECHO?
By historical standards, yes. A correlation of 0.17 means the two rarely move for the same reasons.
What does a correlation of 0.17 mean?
A reading of 0.17 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/echo-vs-omc.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/echo-vs-omc/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECHO correlations · OMC correlations
