ECHO vs TKO: Correlation
How closely do EchoStar (ECHO) and TKO Group Holdings (TKO) 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 TKO?
On 3 years of weekly data the ECHO/TKO correlation comes out at 0.17, weak. Recent behaviour matches the longer record: 0.25 over 1 year against 0.17 over 3. The 5-year figure is 0.17, and annualized covariance runs at 503.8 %².
Among the 35 assets we track against ECHO, TKO ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ECHO ahead by 46.4 points (+47.2% versus +0.8%). The rolling one-year correlation moved between -0.08 and 0.30 over the past three years, a moderate range. One caveat on sizing: ECHO is 2.8 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 TKO: side by side
| ECHO (EchoStar) | TKO (TKO Group Holdings) | |
|---|---|---|
| 1-year return | +47.2% | +0.8% |
| 5-year return | +227.3% | +281.8% |
| Volatility (ann.) | 91.1% | 32.1% |
| Beta vs S&P 500 | 1.17 | 0.70 |
| Max drawdown (3Y) | -50.1% | -34.8% |
| Market cap | $25.1B | $34.9B |
| P/E (trailing) | – | 65.8 |
| Dividend yield | 0.00% | 1.66% |
| Sector / category | Communication Services | Communication Services |
Year-by-year returns
| Year | ECHO | TKO |
|---|---|---|
| 2022 | -36.7% | +39.9% |
| 2023 | -0.7% | +23.9% |
| 2024 | +38.2% | +74.2% |
| 2025 | +374.7% | +48.9% |
| 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 TKO good diversifiers for each other?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ECHO and TKO?
The ECHO/TKO correlation stands at 0.17 on a 3-year window (1 year: 0.25, 5 years: 0.17), computed from weekly returns as of 2026-08-27.
Is TKO a good diversifier for ECHO?
Yes: at 0.17, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of 0.17 mean?
On the −1 to +1 scale, 0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/echo-vs-tko.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/echo-vs-tko/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECHO correlations · TKO correlations
