EHGO vs FXI: Correlation
Eshallgo Inc. - Class A (EHGO) and iShares China Large-Cap ETF (FXI) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and FXI?
Across a 3-year window, the weekly returns of EHGO and FXI correlate at -0.20, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.32 versus -0.20 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -669.0 %².
Among the 66 assets we track against EHGO, FXI ranks #28 by 3-year correlation. The last year tells two different stories: FXI led by 84.0 percentage points, -90.1% for EHGO against -6.1% for FXI. Note the risk asymmetry: EHGO runs 5.1 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 FXI: side by side
| EHGO (Eshallgo Inc. - Class A) | FXI (iShares China Large-Cap ETF) | |
|---|---|---|
| 1-year return | -90.1% | -6.1% |
| 5-year return | n/a | -1.4% |
| Volatility (ann.) | 127.9% | 25.3% |
| Beta vs S&P 500 | -1.42 | 0.68 |
| Max drawdown (3Y) | -98.5% | -23.2% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.87% |
| Expense ratio | – | 0.73% |
| Assets under management | – | $4.3B |
| Sector / category | US Listed | ETF · International |
FXI, iShares's Greater China Region fund, carries $4.3B under management, 50 holdings, a 0.73% expense ratio, a 1.87% trailing dividend yield.
Year-by-year returns
| Year | EHGO | FXI |
|---|---|---|
| 2022 | – | -20.7% |
| 2023 | – | -12.4% |
| 2024 | – | +29.0% |
| 2025 | -94.4% | +28.9% |
| 2026 | -65.9% | -7.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and FXI good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and FXI?
As of 2026-08-27, the correlation of weekly returns between EHGO and FXI is -0.20 over 3 years, -0.32 over 1 year and n/a over 5 years.
Is FXI a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
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-fxi.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-fxi/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · FXI correlations
