AWRE vs EHGO: Correlation
Measured on weekly returns over the past three years, Aware, Inc. (AWRE) and Eshallgo Inc. - Class A (EHGO) carry a correlation of -0.29, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AWRE and EHGO?
Over the past 3 years, AWRE and EHGO moved with a correlation of -0.29, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.25 over 1 year against -0.29 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2224.5 %².
Among the 11 assets we track against AWRE, EHGO sits near the bottom by co-movement, at rank #9. The last year tells two different stories: AWRE led by 45.3 percentage points, -44.8% for AWRE against -90.1% for EHGO. Note the risk asymmetry: EHGO runs 1.9 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
AWRE vs EHGO: side by side
| AWRE (Aware, Inc.) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | -44.8% | -90.1% |
| 5-year return | -69.6% | n/a |
| Volatility (ann.) | 65.6% | 127.9% |
| Beta vs S&P 500 | 1.56 | -1.42 |
| Max drawdown (3Y) | -62.9% | -98.5% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AWRE | EHGO |
|---|---|---|
| 2022 | -45.7% | – |
| 2023 | -2.9% | – |
| 2024 | +17.5% | – |
| 2025 | -5.1% | -94.4% |
| 2026 | -33.5% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AWRE and EHGO good diversifiers for each other?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between AWRE and EHGO?
As of 2026-08-27, the correlation of weekly returns between AWRE and EHGO is -0.29 over 3 years, -0.25 over 1 year and n/a over 5 years.
Is EHGO a good diversifier for AWRE?
Yes: at -0.29, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.29 mean?
On the −1 to +1 scale, -0.29 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/awre-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/awre-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: AWRE correlations · EHGO correlations
