AORT vs EZGO: Correlation
Measured on weekly returns over the past three years, Artivion, Inc. (AORT) and EZGO Technologies Ltd. (EZGO) carry a correlation of 0.34, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AORT and EZGO?
On 3 years of weekly data the AORT/EZGO correlation comes out at 0.34, moderate. The link has tightened recently: the 1-year correlation (0.63) runs above the 3-year figure (0.34). The 5-year figure is 0.25, and annualized covariance runs at 1923.9 %².
Within AORT's tracked universe of 15 assets, EZGO comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with AORT ahead by 60.9 points (-39.0% versus -99.9%). One caveat on sizing: EZGO is 2.5 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.
AORT vs EZGO: side by side
| AORT (Artivion, Inc.) | EZGO (EZGO Technologies Ltd.) | |
|---|---|---|
| 1-year return | -39.0% | -99.9% |
| 5-year return | +3.6% | -100.0% |
| Volatility (ann.) | 47.1% | 118.7% |
| Beta vs S&P 500 | 0.88 | 1.16 |
| Max drawdown (3Y) | -57.8% | -100.0% |
| Market cap | $1.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AORT | EZGO |
|---|---|---|
| 2022 | -40.4% | -55.2% |
| 2023 | +47.5% | -82.8% |
| 2024 | +59.9% | -82.2% |
| 2025 | +59.5% | -90.3% |
| 2026 | -41.5% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AORT and EZGO good diversifiers for each other?
Reasonably. At 0.34, AORT and EZGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between AORT and EZGO?
Using weekly returns as of 2026-08-27: 0.34 over 3 years, with 0.63 over the last year and 0.25 over 5 years.
Is EZGO a good diversifier for AORT?
Reasonably. At 0.34, AORT and EZGO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.34 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/aort-vs-ezgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/aort-vs-ezgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: AORT correlations · EZGO correlations
