ECHO vs RDDT: Correlation
How closely do EchoStar (ECHO) and Reddit (RDDT) trade together? Their weekly returns over three years give a correlation of 0.19, which is weak.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and RDDT?
On 3 years of weekly data the ECHO/RDDT correlation comes out at 0.19, weak. The past 12 months show a tighter link (0.36) than the 3-year average (0.19). The 5-year figure is n/a, and annualized covariance runs at 1285.8 %².
Among the 35 assets we track against ECHO, RDDT ranks #20 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ECHO outperformed by 74.3 percentage points (+47.2% for ECHO against -27.1% for RDDT). Stability stands out here, with the rolling one-year correlation confined to 0.10 through 0.31.
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 RDDT: side by side
| ECHO (EchoStar) | RDDT (Reddit) | |
|---|---|---|
| 1-year return | +47.2% | -27.1% |
| 5-year return | +227.3% | n/a |
| Volatility (ann.) | 91.1% | 75.2% |
| Beta vs S&P 500 | 1.17 | 2.59 |
| Max drawdown (3Y) | -50.1% | -61.4% |
| Market cap | $25.1B | $29.6B |
| P/E (trailing) | – | 36.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | ECHO | RDDT |
|---|---|---|
| 2022 | -36.7% | – |
| 2023 | -0.7% | – |
| 2024 | +38.2% | – |
| 2025 | +374.7% | +40.6% |
| 2026 | -20.5% | -33.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and RDDT good diversifiers for each other?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
FAQ
What is the correlation between ECHO and RDDT?
As of 2026-08-27, the correlation of weekly returns between ECHO and RDDT is 0.19 over 3 years, 0.36 over 1 year and n/a over 5 years.
Is RDDT a good diversifier for ECHO?
By historical standards, yes. A correlation of 0.19 means the two rarely move for the same reasons.
What does a correlation of 0.19 mean?
A reading of 0.19 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-rddt.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/echo-vs-rddt/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECHO correlations · RDDT correlations
