EHGO vs HOOD: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Robinhood Markets (HOOD) carry a correlation of -0.23, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and HOOD?
Over the past 3 years, EHGO and HOOD moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -2193.6 %².
Within EHGO's tracked universe of 66 assets, HOOD comes in at #42 by 3-year correlation. Correlation aside, the last 12 months split them widely, with HOOD ahead by 96.7 points (-90.1% versus +6.6%). One caveat on sizing: EHGO is 1.8 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 HOOD: side by side
| EHGO (Eshallgo Inc. - Class A) | HOOD (Robinhood Markets) | |
|---|---|---|
| 1-year return | -90.1% | +6.6% |
| 5-year return | n/a | +151.5% |
| Volatility (ann.) | 127.9% | 71.4% |
| Beta vs S&P 500 | -1.42 | 2.88 |
| Max drawdown (3Y) | -98.5% | -57.3% |
| Market cap | – | $98.7B |
| P/E (trailing) | – | 48.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EHGO | HOOD |
|---|---|---|
| 2022 | – | -54.2% |
| 2023 | – | +56.5% |
| 2024 | – | +192.5% |
| 2025 | -94.4% | +203.5% |
| 2026 | -65.9% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and HOOD good diversifiers for each other?
Yes. With a correlation of -0.23, EHGO and HOOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and HOOD?
As of 2026-08-27, the correlation of weekly returns between EHGO and HOOD is -0.23 over 3 years, -0.26 over 1 year and n/a over 5 years.
Is HOOD a good diversifier for EHGO?
Yes. With a correlation of -0.23, EHGO and HOOD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 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-hood.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehgo-vs-hood/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · HOOD correlations
