CME vs EHGO: Correlation
CME Group (CME) and Eshallgo Inc. - Class A (EHGO) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CME and EHGO?
Across a 3-year window, the weekly returns of CME and EHGO correlate at -0.28, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.37) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -737.5 %².
Out of 47 assets tracked against CME, EHGO lands near the bottom at #44. Correlation aside, the last 12 months split them widely, with CME ahead by 98.2 points (+8.1% versus -90.1%). Note the risk asymmetry: EHGO runs 6.4 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.
CME vs EHGO: side by side
| CME (CME Group) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | +8.1% | -90.1% |
| 5-year return | +73.9% | n/a |
| Volatility (ann.) | 20.0% | 127.9% |
| Beta vs S&P 500 | 0.12 | -1.42 |
| Max drawdown (3Y) | -31.1% | -98.5% |
| Market cap | $101.0B | – |
| P/E (trailing) | 23.8 | – |
| Dividend yield | 1.82% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CME | EHGO |
|---|---|---|
| 2022 | -22.9% | – |
| 2023 | +31.3% | – |
| 2024 | +15.4% | – |
| 2025 | +19.8% | -94.4% |
| 2026 | +5.9% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CME and EHGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between CME and EHGO?
The CME/EHGO correlation stands at -0.28 on a 3-year window (1 year: -0.37, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EHGO a good diversifier for CME?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 mean?
On the −1 to +1 scale, -0.28 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/cme-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cme-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CME correlations · EHGO correlations
