EHGO vs GGT: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Gabelli Multi-Media Trust, Inc. (The) (GGT) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and GGT?
Across a 3-year window, the weekly returns of EHGO and GGT correlate at -0.25, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.43 versus -0.25 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -519.7 %².
By 3-year correlation, GGT places #50 of the 66 assets tracked against EHGO. Their recent paths diverged sharply: over the last 12 months GGT outperformed by 109.7 percentage points (-90.1% for EHGO against +19.6% for GGT). Note the risk asymmetry: EHGO runs 5.9 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 GGT: side by side
| EHGO (Eshallgo Inc. - Class A) | GGT (Gabelli Multi-Media Trust, Inc. (The)) | |
|---|---|---|
| 1-year return | -90.1% | +19.6% |
| 5-year return | n/a | -2.3% |
| Volatility (ann.) | 127.9% | 21.6% |
| Beta vs S&P 500 | -1.42 | 0.52 |
| Max drawdown (3Y) | -98.5% | -31.7% |
| Market cap | – | $0.2B |
| P/E (trailing) | – | 3.3 |
| Dividend yield | 0.00% | 21.31% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | GGT |
|---|---|---|
| 2022 | – | -30.8% |
| 2023 | – | +22.5% |
| 2024 | – | -6.0% |
| 2025 | -94.4% | +15.4% |
| 2026 | -65.9% | +12.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and GGT good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and GGT?
The EHGO/GGT correlation stands at -0.25 on a 3-year window (1 year: -0.43, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GGT a good diversifier for EHGO?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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-ggt.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-ggt/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EHGO correlations · GGT correlations
