CHPT vs EVGO: Correlation
Measured on weekly returns over the past three years, ChargePoint Holdings, Inc. (CHPT) and EVgo Inc. (EVGO) carry a correlation of 0.47, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CHPT and EVGO?
Over the past 3 years, CHPT and EVGO moved with a correlation of 0.47, which is moderate. The link has tightened recently: the 1-year correlation (0.61) runs above the 3-year figure (0.47). Over 5 years the correlation is 0.52, and the annualized covariance of weekly returns is 3046.0 %².
By 3-year correlation, EVGO places #6 of the 16 assets tracked against CHPT. Their recent paths diverged sharply: over the last 12 months CHPT outperformed by 15.3 percentage points (-49.1% for CHPT 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.
CHPT vs EVGO: side by side
| CHPT (ChargePoint Holdings, Inc.) | EVGO (EVgo Inc.) | |
|---|---|---|
| 1-year return | -49.1% | -64.4% |
| 5-year return | -98.6% | -84.3% |
| Volatility (ann.) | 76.7% | 85.3% |
| Beta vs S&P 500 | 2.40 | 1.93 |
| Max drawdown (3Y) | -97.0% | -84.1% |
| Market cap | $0.2B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CHPT | EVGO |
|---|---|---|
| 2022 | -50.0% | -55.0% |
| 2023 | -75.4% | -19.9% |
| 2024 | -54.3% | +13.1% |
| 2025 | -69.0% | -28.1% |
| 2026 | -12.2% | -50.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CHPT and EVGO good diversifiers for each other?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CHPT and EVGO?
As of 2026-08-27, the correlation of weekly returns between CHPT and EVGO is 0.47 over 3 years, 0.61 over 1 year and 0.52 over 5 years.
Is EVGO a good diversifier for CHPT?
A fair diversifier. At 0.47, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.47 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/chpt-vs-evgo.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: CHPT correlations · EVGO correlations
