ECHO vs QQQ: Correlation
How closely do EchoStar (ECHO) and Invesco QQQ Trust (QQQ) trade together? Their weekly returns over three years give a correlation of 0.14, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and QQQ?
On 3 years of weekly data the ECHO/QQQ correlation comes out at 0.14, weak. Recent behaviour matches the longer record: 0.21 over 1 year against 0.14 over 3. The 5-year figure is 0.16, and annualized covariance runs at 254.4 %².
By 3-year correlation, QQQ places #25 of the 35 assets tracked against ECHO. Correlation aside, the last 12 months split them widely, with ECHO ahead by 20.9 points (+47.2% versus +26.3%). The rolling one-year correlation moved between -0.00 and 0.31 over the past three years, a moderate range. One caveat on sizing: ECHO is 4.6 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 QQQ: side by side
| ECHO (EchoStar) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | +47.2% | +26.3% |
| 5-year return | +227.3% | +95.4% |
| Volatility (ann.) | 91.1% | 19.6% |
| Beta vs S&P 500 | 1.17 | 1.28 |
| Max drawdown (3Y) | -50.1% | -22.8% |
| Market cap | $25.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | Communication Services | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | ECHO | QQQ |
|---|---|---|
| 2022 | -36.7% | -32.6% |
| 2023 | -0.7% | +54.9% |
| 2024 | +38.2% | +25.6% |
| 2025 | +374.7% | +20.8% |
| 2026 | -20.5% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and QQQ good diversifiers for each other?
Yes. With a correlation of 0.14, ECHO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ECHO and QQQ?
The ECHO/QQQ correlation stands at 0.14 on a 3-year window (1 year: 0.21, 5 years: 0.16), computed from weekly returns as of 2026-08-27.
Is QQQ a good diversifier for ECHO?
Yes. With a correlation of 0.14, ECHO and QQQ have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of 0.14 mean?
A reading of 0.14 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ECHO correlations · QQQ correlations
