EHGO vs ICE: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Intercontinental Exchange (ICE) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and ICE?
Across a 3-year window, the weekly returns of EHGO and ICE correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.23) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -626.5 %².
Within EHGO's tracked universe of 66 assets, ICE comes in at #37 by 3-year correlation. Correlation aside, the last 12 months split them widely, with ICE ahead by 82.2 points (-90.1% versus -7.9%). One caveat on sizing: EHGO is 6.0 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 ICE: side by side
| EHGO (Eshallgo Inc. - Class A) | ICE (Intercontinental Exchange) | |
|---|---|---|
| 1-year return | -90.1% | -7.9% |
| 5-year return | n/a | +44.2% |
| Volatility (ann.) | 127.9% | 21.2% |
| Beta vs S&P 500 | -1.42 | 0.62 |
| Max drawdown (3Y) | -98.5% | -33.9% |
| Market cap | – | $90.5B |
| P/E (trailing) | – | 22.7 |
| Dividend yield | 0.00% | 1.24% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EHGO | ICE |
|---|---|---|
| 2022 | – | -23.9% |
| 2023 | – | +27.1% |
| 2024 | – | +17.5% |
| 2025 | -94.4% | +9.9% |
| 2026 | -65.9% | +0.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and ICE good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and ICE?
As of 2026-08-27, the correlation of weekly returns between EHGO and ICE is -0.22 over 3 years, -0.23 over 1 year and n/a over 5 years.
Is ICE a good diversifier for EHGO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
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Related comparisons
Hubs: EHGO correlations · ICE correlations
