EHGO vs EVGN: Correlation
Eshallgo Inc. - Class A (EHGO) and Evogene Ltd. (EVGN) 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 EHGO and EVGN?
Over the past 3 years, EHGO and EVGN moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.36 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2411.2 %².
Within EHGO's tracked universe of 66 assets, EVGN comes in at #59 by 3-year correlation. The last year tells two different stories: EVGN led by 31.2 percentage points, -90.1% for EHGO against -58.9% for EVGN. One caveat on sizing: EHGO is 1.8 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 EVGN: side by side
| EHGO (Eshallgo Inc. - Class A) | EVGN (Evogene Ltd.) | |
|---|---|---|
| 1-year return | -90.1% | -58.9% |
| 5-year return | n/a | -97.9% |
| Volatility (ann.) | 127.9% | 71.8% |
| Beta vs S&P 500 | -1.42 | 1.04 |
| Max drawdown (3Y) | -98.5% | -96.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | EVGN |
|---|---|---|
| 2022 | – | -57.3% |
| 2023 | – | +20.0% |
| 2024 | – | -77.7% |
| 2025 | -94.4% | -41.2% |
| 2026 | -65.9% | -51.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and EVGN good diversifiers for each other?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and EVGN?
As of 2026-08-27, the correlation of weekly returns between EHGO and EVGN is -0.28 over 3 years, -0.36 over 1 year and n/a over 5 years.
Is EVGN a good diversifier for EHGO?
Yes: at -0.28, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.28 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.
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Related comparisons
Hubs: EHGO correlations · EVGN correlations
