ECHO vs VXX: Correlation
EchoStar (ECHO) and iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECHO and VXX?
Over the past 3 years, ECHO and VXX moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.34) runs below the 3-year figure (-0.18). Over 5 years the correlation is -0.17, and the annualized covariance of weekly returns is -974.4 %².
VXX is close to the least connected end of ECHO's tracked universe, ranking #32 of 35. Correlation aside, the last 12 months split them widely, with ECHO ahead by 96.9 points (+47.2% versus -49.7%).
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 VXX: side by side
| ECHO (EchoStar) | VXX (iPath Series B S&P 500 VIX Short-Term Futures ETN) | |
|---|---|---|
| 1-year return | +47.2% | -49.7% |
| 5-year return | +227.3% | -95.6% |
| Volatility (ann.) | 91.1% | 60.9% |
| Beta vs S&P 500 | 1.17 | -3.31 |
| Max drawdown (3Y) | -50.1% | -83.3% |
| 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 | VXX |
|---|---|---|
| 2022 | -36.7% | -23.8% |
| 2023 | -0.7% | -72.5% |
| 2024 | +38.2% | -26.2% |
| 2025 | +374.7% | -42.2% |
| 2026 | -20.5% | -31.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECHO and VXX good diversifiers for each other?
Yes. With a correlation of -0.18, ECHO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ECHO and VXX?
As of 2026-08-27, the correlation of weekly returns between ECHO and VXX is -0.18 over 3 years, -0.34 over 1 year and -0.17 over 5 years.
Is VXX a good diversifier for ECHO?
Yes. With a correlation of -0.18, ECHO and VXX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.18 mean?
A reading of -0.18 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-vxx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/echo-vs-vxx/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ECHO correlations · VXX correlations
