ECHO vs. FLY

Last updated Jul 1, 2026

ECHO (EchoStar Corporation) and FLY (Firefly Aerospace Inc) are both stocks. ECHO operates in Telecom Services (Communication Services), while FLY operates in Aerospace & Defense (Industrials). A 0.71 correlation means they provide meaningful diversification when combined.

Performance

ECHO vs. FLY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EchoStar Corporation (ECHO) and Firefly Aerospace Inc (FLY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ECHO

• 1D: 0.65%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FLY

• 1D: 1.20%
• 1M: -36.76%
• YTD: 31.43%
• 6M: 29.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECHO vs. FLY - Yearly Performance Comparison

	2026 (YTD)
ECHO EchoStar Corporation	-1.85%
FLY Firefly Aerospace Inc	1.52%

Correlation

The correlation between ECHO and FLY is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 23, 2026	0.71

Return for Risk

ECHO vs. FLY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EchoStar Corporation (ECHO) and Firefly Aerospace Inc (FLY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

ECHO vs. FLY - Drawdown Comparison

The maximum ECHO drawdown since its inception was -6.48%, smaller than the maximum FLY drawdown of -76.03%. Use the drawdown chart below to compare losses from any high point for ECHO and FLY.

Drawdown Indicators

	ECHO	FLY	Difference
Max Drawdown Largest peak-to-trough decline	-6.48%	-76.03%	+69.55%
Current Drawdown Current decline from peak	-2.33%	-58.00%	+55.67%
Average Drawdown Average peak-to-trough decline	-3.67%	-55.59%	+51.92%

Volatility

Volatility by Period

	ECHO	FLY	Difference
Volatility (1Y) Calculated over the trailing 1-year period	42.51%	115.50%	-72.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	42.51%	115.50%	-72.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.51%	115.50%	-72.99%

Dividends

ECHO vs. FLY - Dividend Comparison

Neither ECHO nor FLY has paid dividends to shareholders.

Tickers have no history of dividend payments

Financials

Frequently Asked Questions

Can I hold both ECHO and FLY in my portfolio?

ECHO and FLY have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.