ECO vs POWW: Correlation
How closely do Okeanis Eco Tankers Corp. (ECO) and Outdoor Holding Company (POWW) trade together? Their weekly returns over three years give a correlation of 0.43, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ECO and POWW?
Over the past 3 years, ECO and POWW moved with a correlation of 0.43, which is moderate. Recent behaviour matches the longer record: 0.36 over 1 year against 0.43 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is 1040.5 %².
Among the 13 assets we track against ECO, POWW ranks #7 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months ECO outperformed by 143.8 percentage points (+189.8% for ECO against +46.0% for POWW).
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.
ECO vs POWW: side by side
| ECO (Okeanis Eco Tankers Corp.) | POWW (Outdoor Holding Company) | |
|---|---|---|
| 1-year return | +189.8% | +46.0% |
| 5-year return | n/a | -70.6% |
| Volatility (ann.) | 44.3% | 54.9% |
| Beta vs S&P 500 | 0.52 | 0.93 |
| Max drawdown (3Y) | -46.1% | -67.5% |
| Market cap | $2.6B | $0.3B |
| P/E (trailing) | 5.8 | 109.5 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ECO | POWW |
|---|---|---|
| 2022 | – | -68.3% |
| 2023 | – | +21.4% |
| 2024 | -11.7% | -47.6% |
| 2025 | +64.2% | +55.5% |
| 2026 | +128.8% | +28.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ECO and POWW good diversifiers for each other?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ECO and POWW?
The ECO/POWW correlation stands at 0.43 on a 3-year window (1 year: 0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is POWW a good diversifier for ECO?
A fair diversifier. At 0.43, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.43 mean?
On the −1 to +1 scale, 0.43 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/eco-vs-poww.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/eco-vs-poww/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ECO correlations · POWW correlations
