CPAY vs EHGO: Correlation
Measured on weekly returns over the past three years, Corpay (CPAY) and Eshallgo Inc. - Class A (EHGO) carry a correlation of -0.15, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPAY and EHGO?
Over the past 3 years, CPAY and EHGO moved with a correlation of -0.15, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.19 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -642.9 %².
By 3-year correlation, EHGO places #23 of the 32 assets tracked against CPAY. Their recent paths diverged sharply: over the last 12 months CPAY outperformed by 114.2 percentage points (+24.1% for CPAY against -90.1% for EHGO). Note the risk asymmetry: EHGO runs 4.0 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.
CPAY vs EHGO: side by side
| CPAY (Corpay) | EHGO (Eshallgo Inc. - Class A) | |
|---|---|---|
| 1-year return | +24.1% | -90.1% |
| 5-year return | +55.2% | n/a |
| Volatility (ann.) | 31.7% | 127.9% |
| Beta vs S&P 500 | 1.22 | -1.42 |
| Max drawdown (3Y) | -34.5% | -98.5% |
| Market cap | $26.5B | – |
| P/E (trailing) | 24.7 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Financials | US Listed |
Year-by-year returns
| Year | CPAY | EHGO |
|---|---|---|
| 2022 | -17.9% | – |
| 2023 | +53.9% | – |
| 2024 | +19.7% | – |
| 2025 | -11.1% | -94.4% |
| 2026 | +34.1% | -65.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPAY and EHGO good diversifiers for each other?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
FAQ
What is the correlation between CPAY and EHGO?
As of 2026-08-27, the correlation of weekly returns between CPAY and EHGO is -0.15 over 3 years, -0.19 over 1 year and n/a over 5 years.
Is EHGO a good diversifier for CPAY?
By historical standards, yes. A correlation of -0.15 means the two rarely move for the same reasons.
What does a correlation of -0.15 mean?
On the −1 to +1 scale, -0.15 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/cpay-vs-ehgo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpay-vs-ehgo/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: CPAY correlations · EHGO correlations
