APO vs EHGO: Correlation
Measured on weekly returns over the past three years, Apollo Global Management (APO) and Eshallgo Inc. - Class A (EHGO) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APO and EHGO?
Over the past 3 years, APO and EHGO moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.40) than the 3-year average (-0.23). Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1251.5 %².
EHGO is close to the least connected end of APO's tracked universe, ranking #29 of 33. Correlation aside, the last 12 months split them widely, with APO ahead by 90.0 points (-0.1% versus -90.1%). One caveat on sizing: EHGO is 3.5 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.
APO vs EHGO: side by side
| APO (Apollo Global Management) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | -0.1% | -90.1% |
| 5-year return | +149.7% | n/a |
| Volatility (ann.) | 36.8% | 127.9% |
| Beta vs S&P 500 | 1.62 | -1.42 |
| Max drawdown (3Y) | -42.8% | -98.5% |
| Market cap | $78.8B | – |
| P/E (trailing) | 47.5 | – |
| Dividend yield | 1.60% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | APO | EHGO |
|---|---|---|
| 2022 | -9.6% | – |
| 2023 | +49.4% | – |
| 2024 | +79.9% | – |
| 2025 | -11.1% | -94.4% |
| 2026 | -6.7% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APO and EHGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between APO and EHGO?
The APO/EHGO correlation stands at -0.23 on a 3-year window (1 year: -0.40, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EHGO a good diversifier for APO?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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/apo-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apo-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APO correlations · EHGO correlations
