EHGO vs EL: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Estée Lauder Companies (The) (EL) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and EL?
Over the past 3 years, EHGO and EL moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.15 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1355.8 %².
By 3-year correlation, EL places #32 of the 66 assets tracked against EHGO. Their recent paths diverged sharply: over the last 12 months EL outperformed by 106.5 percentage points (-90.1% for EHGO against +16.4% for EL). One caveat on sizing: EHGO is 2.7 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.
EHGO vs EL: side by side
| EHGO (Eshallgo Inc. - Class A) | EL (Estée Lauder Companies (The)) | |
|---|---|---|
| 1-year return | -90.1% | +16.4% |
| 5-year return | n/a | -66.7% |
| Volatility (ann.) | 127.9% | 47.0% |
| Beta vs S&P 500 | -1.42 | 1.28 |
| Max drawdown (3Y) | -98.5% | -68.4% |
| Market cap | – | $38.4B |
| P/E (trailing) | – | 208.3 |
| Dividend yield | 0.00% | 1.33% |
| Sector / category | US Listed | Consumer Staples |
Year-by-year returns
| Year | EHGO | EL |
|---|---|---|
| 2022 | – | -32.3% |
| 2023 | – | -40.1% |
| 2024 | – | -47.6% |
| 2025 | -94.4% | +42.1% |
| 2026 | -65.9% | +2.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and EL good diversifiers for each other?
Yes. With a correlation of -0.21, EHGO and EL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and EL?
The EHGO/EL correlation stands at -0.21 on a 3-year window (1 year: -0.15, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is EL a good diversifier for EHGO?
Yes. With a correlation of -0.21, EHGO and EL have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
A reading of -0.21 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/ehgo-vs-el.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-el/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · EL correlations
