EHGO vs FOXA: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Fox Corporation (Class A) (FOXA) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and FOXA?
On 3 years of weekly data the EHGO/FOXA correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.39) runs below the 3-year figure (-0.26). The 5-year figure is n/a, and annualized covariance runs at -1088.3 %².
By 3-year correlation, FOXA places #54 of the 66 assets tracked against EHGO. Correlation aside, the last 12 months split them widely, with FOXA ahead by 104.1 points (-90.1% versus +14.0%). One caveat on sizing: EHGO is 4.4 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 FOXA: side by side
| EHGO (Eshallgo Inc. - Class A) | FOXA (Fox Corporation (Class A)) | |
|---|---|---|
| 1-year return | -90.1% | +14.0% |
| 5-year return | n/a | +93.4% |
| Volatility (ann.) | 127.9% | 29.3% |
| Beta vs S&P 500 | -1.42 | 0.56 |
| Max drawdown (3Y) | -98.5% | -35.6% |
| Market cap | – | $28.3B |
| P/E (trailing) | – | 18.1 |
| Dividend yield | 0.00% | 0.80% |
| Sector / category | US Listed | Communication Services |
Year-by-year returns
| Year | EHGO | FOXA |
|---|---|---|
| 2022 | – | -16.6% |
| 2023 | – | -0.8% |
| 2024 | – | +66.3% |
| 2025 | -94.4% | +51.8% |
| 2026 | -65.9% | -7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and FOXA good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and FOXA?
Using weekly returns as of 2026-08-27: -0.26 over 3 years, with -0.39 over the last year and n/a over 5 years.
Is FOXA a good diversifier for EHGO?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: EHGO correlations · FOXA correlations
