ECHO vs SDEV: Correlation
How closely do EchoStar (ECHO) and Stablecoin Development Corporation (SDEV) trade together? Their weekly returns over three years give a correlation of 0.33, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and SDEV?
Across a 3-year window, the weekly returns of ECHO and SDEV correlate at 0.33, moderate. Little has changed lately, as the 1-year reading of 0.43 lands near the 3-year figure. Stretching to 5 years gives 0.32, with an annualized covariance of 6759.3 %².
By 3-year correlation, SDEV places #14 of the 35 assets tracked against ECHO. Their recent paths diverged sharply: over the last 12 months ECHO outperformed by 128.1 percentage points (+47.2% for ECHO against -80.9% for SDEV). Note the risk asymmetry: SDEV runs 2.4 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 SDEV: side by side
| ECHO (EchoStar) | SDEV (Stablecoin Development Corporation) | |
|---|---|---|
| 1-year return | +47.2% | -80.9% |
| 5-year return | +227.3% | -100.0% |
| Volatility (ann.) | 91.1% | 222.1% |
| Beta vs S&P 500 | 1.17 | 1.75 |
| Max drawdown (3Y) | -50.1% | -99.0% |
| Market cap | $25.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Communication Services | US Listed |
Year-by-year returns
| Year | ECHO | SDEV |
|---|---|---|
| 2022 | -36.7% | -85.3% |
| 2023 | -0.7% | -89.7% |
| 2024 | +38.2% | -91.4% |
| 2025 | +374.7% | +1322.1% |
| 2026 | -20.5% | -96.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and SDEV good diversifiers for each other?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECHO and SDEV?
The ECHO/SDEV correlation stands at 0.33 on a 3-year window (1 year: 0.43, 5 years: 0.32), computed from weekly returns as of 2026-08-27.
Is SDEV a good diversifier for ECHO?
A fair diversifier. At 0.33, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.33 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.
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Related comparisons
Hubs: ECHO correlations · SDEV correlations
