EHGO vs FIZZ: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and National Beverage Corp. (FIZZ) trade together? Their weekly returns over three years give a correlation of -0.20, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and FIZZ?
Over the past 3 years, EHGO and FIZZ moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.42 versus -0.20 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -601.2 %².
By 3-year correlation, FIZZ places #27 of the 66 assets tracked against EHGO. Correlation aside, the last 12 months split them widely, with FIZZ ahead by 75.1 points (-90.1% versus -15.0%). Risk is not evenly split, since EHGO carries 5.2 times the volatility of the other side.
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 FIZZ: side by side
| EHGO (Eshallgo Inc. - Class A) | FIZZ (National Beverage Corp.) | |
|---|---|---|
| 1-year return | -90.1% | -15.0% |
| 5-year return | n/a | -9.3% |
| Volatility (ann.) | 127.9% | 24.4% |
| Beta vs S&P 500 | -1.42 | 0.36 |
| Max drawdown (3Y) | -98.5% | -41.3% |
| Market cap | – | $3.0B |
| P/E (trailing) | – | 16.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | FIZZ |
|---|---|---|
| 2022 | – | +2.6% |
| 2023 | – | +6.9% |
| 2024 | – | -8.0% |
| 2025 | -94.4% | -25.3% |
| 2026 | -65.9% | +12.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and FIZZ good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and FIZZ?
The EHGO/FIZZ correlation stands at -0.20 on a 3-year window (1 year: -0.42, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FIZZ a good diversifier for EHGO?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ehgo-vs-fizz.json
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Hubs: EHGO correlations · FIZZ correlations
