ECHO vs PHI: Correlation
Measured on weekly returns over the past three years, EchoStar (ECHO) and PLDT Inc. Sponsored ADR (PHI) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and PHI?
On 3 years of weekly data the ECHO/PHI correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.09) sits close to the 3-year figure. The 5-year figure is -0.09, and annualized covariance runs at -384.3 %².
PHI is close to the least connected end of ECHO's tracked universe, ranking #31 of 35. The last year tells two different stories: ECHO led by 55.4 percentage points, +47.2% for ECHO against -8.2% for PHI. Note the risk asymmetry: ECHO runs 3.8 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 PHI: side by side
| ECHO (EchoStar) | PHI (PLDT Inc. Sponsored ADR) | |
|---|---|---|
| 1-year return | +47.2% | -8.2% |
| 5-year return | +227.3% | -17.6% |
| Volatility (ann.) | 91.1% | 24.0% |
| Beta vs S&P 500 | 1.17 | 0.22 |
| Max drawdown (3Y) | -50.1% | -33.7% |
| Market cap | $25.1B | – |
| P/E (trailing) | – | 9.4 |
| Dividend yield | 0.00% | 494.13% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | PHI |
|---|---|---|
| 2022 | -36.7% | -31.7% |
| 2023 | -0.7% | +11.9% |
| 2024 | +38.2% | +0.8% |
| 2025 | +374.7% | +1.5% |
| 2026 | -20.5% | -14.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and PHI good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ECHO and PHI?
As of 2026-08-27, the correlation of weekly returns between ECHO and PHI is -0.18 over 3 years, -0.09 over 1 year and -0.09 over 5 years.
Is PHI a good diversifier for ECHO?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 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
$ curl https://www.pairbook.io/api/v1/pairs/echo-vs-phi.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/echo-vs-phi/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECHO correlations · PHI correlations
