COIN vs EHGO: Correlation
Coinbase (COIN) and Eshallgo Inc. - Class A (EHGO) show a negative relationship: their 3-year correlation of weekly returns is -0.14.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COIN and EHGO?
Across a 3-year window, the weekly returns of COIN and EHGO correlate at -0.14, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.22 lands near the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -1464.2 %².
Within COIN's tracked universe of 34 assets, EHGO comes in at #25 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months COIN outperformed by 51.8 percentage points (-38.3% for COIN against -90.1% for EHGO). One caveat on sizing: EHGO is 1.6 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.
COIN vs EHGO: side by side
| COIN (Coinbase) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | -38.3% | -90.1% |
| 5-year return | -27.4% | n/a |
| Volatility (ann.) | 80.0% | 127.9% |
| Beta vs S&P 500 | 2.66 | -1.42 |
| Max drawdown (3Y) | -66.4% | -98.5% |
| Market cap | $50.3B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | COIN | EHGO |
|---|---|---|
| 2022 | -86.0% | – |
| 2023 | +391.4% | – |
| 2024 | +42.8% | – |
| 2025 | -8.9% | -94.4% |
| 2026 | -15.7% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COIN and EHGO good diversifiers for each other?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between COIN and EHGO?
Using weekly returns as of 2026-08-27: -0.14 over 3 years, with -0.22 over the last year and n/a over 5 years.
Is EHGO a good diversifier for COIN?
Yes: at -0.14, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.14 mean?
A reading of -0.14 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/coin-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/coin-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: COIN correlations · EHGO correlations
