EHGO vs FOX: Correlation
Eshallgo Inc. - Class A (EHGO) and Fox Corporation (Class B) (FOX) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and FOX?
On 3 years of weekly data the EHGO/FOX correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.36 versus -0.23 over 3 years. The 5-year figure is n/a, and annualized covariance runs at -909.3 %².
Within EHGO's tracked universe of 66 assets, FOX comes in at #41 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FOX outperformed by 102.3 percentage points (-90.1% for EHGO against +12.2% for FOX). Note the risk asymmetry: EHGO runs 4.5 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.
EHGO vs FOX: side by side
| EHGO (Eshallgo Inc. - Class A) | FOX (Fox Corporation (Class B)) | |
|---|---|---|
| 1-year return | -90.1% | +12.2% |
| 5-year return | n/a | +88.7% |
| Volatility (ann.) | 127.9% | 28.5% |
| Beta vs S&P 500 | -1.42 | 0.58 |
| Max drawdown (3Y) | -98.5% | -34.1% |
| Market cap | – | $25.4B |
| P/E (trailing) | – | 16.2 |
| Dividend yield | 0.00% | 0.90% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EHGO | FOX |
|---|---|---|
| 2022 | – | -15.8% |
| 2023 | – | -1.2% |
| 2024 | – | +68.3% |
| 2025 | -94.4% | +43.4% |
| 2026 | -65.9% | -6.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and FOX good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and FOX?
The EHGO/FOX correlation stands at -0.23 on a 3-year window (1 year: -0.36, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is FOX a good diversifier for EHGO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: EHGO correlations · FOX correlations
