EHGO vs GS: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Goldman Sachs (GS) trade together? Their weekly returns over three years give a correlation of -0.16, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and GS?
On 3 years of weekly data the EHGO/GS correlation comes out at -0.16, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -582.6 %².
Among the 66 assets we track against EHGO, GS ranks #11 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GS ahead by 131.7 points (-90.1% versus +41.6%). Risk is not evenly split, since EHGO carries 4.7 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 GS: side by side
| EHGO (Eshallgo Inc. - Class A) | GS (Goldman Sachs) | |
|---|---|---|
| 1-year return | -90.1% | +41.6% |
| 5-year return | n/a | +184.1% |
| Volatility (ann.) | 127.9% | 27.0% |
| Beta vs S&P 500 | -1.42 | 1.34 |
| Max drawdown (3Y) | -98.5% | -30.9% |
| Market cap | – | $303.1B |
| P/E (trailing) | – | 16.1 |
| Dividend yield | 0.00% | 1.63% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EHGO | GS |
|---|---|---|
| 2022 | – | -7.9% |
| 2023 | – | +15.9% |
| 2024 | – | +52.0% |
| 2025 | -94.4% | +56.6% |
| 2026 | -65.9% | +19.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and GS good diversifiers for each other?
Yes. With a correlation of -0.16, EHGO and GS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and GS?
The EHGO/GS correlation stands at -0.16 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is GS a good diversifier for EHGO?
Yes. With a correlation of -0.16, EHGO and GS have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 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-gs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-gs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · GS correlations
