EHGO vs IVV: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and iShares Core S&P 500 ETF (IVV) carry a correlation of -0.16, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and IVV?
Across a 3-year window, the weekly returns of EHGO and IVV correlate at -0.16, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.29) than the 3-year average (-0.16). Stretching to 5 years gives n/a, with an annualized covariance of -313.7 %².
Within EHGO's tracked universe of 66 assets, IVV comes in at #12 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months IVV outperformed by 110.8 percentage points (-90.1% for EHGO against +20.7% for IVV). Note the risk asymmetry: EHGO runs 8.8 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 IVV: side by side
| EHGO (Eshallgo Inc. - Class A) | IVV (iShares Core S&P 500 ETF) | |
|---|---|---|
| 1-year return | -90.1% | +20.7% |
| 5-year return | n/a | +83.0% |
| Volatility (ann.) | 127.9% | 14.5% |
| Beta vs S&P 500 | -1.42 | 1.00 |
| Max drawdown (3Y) | -98.5% | -18.8% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 1.09% |
| Expense ratio | – | 0.03% |
| Assets under management | – | $869.2B |
| Sector / category | US Listed | ETF · US Large Cap |
IVV is a Large Blend fund from iShares: $869.2B under management, 503 holdings, a 0.03% expense ratio, a 1.09% trailing dividend yield.
Year-by-year returns
| Year | EHGO | IVV |
|---|---|---|
| 2022 | – | -18.2% |
| 2023 | – | +26.3% |
| 2024 | – | +24.9% |
| 2025 | -94.4% | +17.8% |
| 2026 | -65.9% | +13.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and IVV good diversifiers for each other?
Yes. With a correlation of -0.16, EHGO and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and IVV?
Using weekly returns as of 2026-08-27: -0.16 over 3 years, with -0.29 over the last year and n/a over 5 years.
Is IVV a good diversifier for EHGO?
Yes. With a correlation of -0.16, EHGO and IVV have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.16 mean?
A reading of -0.16 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
$ curl https://www.pairbook.io/api/v1/pairs/ehgo-vs-ivv.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ehgo-vs-ivv/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · IVV correlations
