BLNK vs EVGO: Correlation
Blink Charging Co. (BLNK) and EVgo Inc. (EVGO) show a moderate relationship: their 3-year correlation of weekly returns is 0.50.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BLNK and EVGO?
On 3 years of weekly data the BLNK/EVGO correlation comes out at 0.50, moderate. The link has loosened recently: the 1-year correlation (0.34) runs below the 3-year figure (0.50). The 5-year figure is 0.55, and annualized covariance runs at 3500.8 %².
EVGO is one of the assets that tracks BLNK most closely: it ranks #1 out of the 10 assets we track against BLNK. The last year tells two different stories: BLNK led by 19.8 percentage points, -44.6% for BLNK against -64.4% for EVGO.
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.
BLNK vs EVGO: side by side
| BLNK (Blink Charging Co.) | EVGO (EVgo Inc.) | |
|---|---|---|
| 1-year return | -44.6% | -64.4% |
| 5-year return | -98.2% | -84.3% |
| Volatility (ann.) | 81.5% | 85.3% |
| Beta vs S&P 500 | 1.83 | 1.93 |
| Max drawdown (3Y) | -89.4% | -84.1% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BLNK | EVGO |
|---|---|---|
| 2022 | -58.6% | -55.0% |
| 2023 | -69.1% | -19.9% |
| 2024 | -59.0% | +13.1% |
| 2025 | -52.0% | -28.1% |
| 2026 | -13.6% | -50.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BLNK and EVGO good diversifiers for each other?
Only partially. A correlation of 0.50 means BLNK and EVGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between BLNK and EVGO?
Using weekly returns as of 2026-08-27: 0.50 over 3 years, with 0.34 over the last year and 0.55 over 5 years.
Is EVGO a good diversifier for BLNK?
Only partially. A correlation of 0.50 means BLNK and EVGO share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.50 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
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Related comparisons
Hubs: BLNK correlations · EVGO correlations
