EHGO vs IVZ: Correlation
Eshallgo Inc. - Class A (EHGO) and Invesco (IVZ) show a negative relationship: their 3-year correlation of weekly returns is -0.18.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and IVZ?
Over the past 3 years, EHGO and IVZ moved with a correlation of -0.18, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.38 versus -0.18 over 3 years. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -767.5 %².
By 3-year correlation, IVZ places #21 of the 66 assets tracked against EHGO. Correlation aside, the last 12 months split them widely, with IVZ ahead by 146.0 points (-90.1% versus +55.9%). One caveat on sizing: EHGO is 3.9 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 IVZ: side by side
| EHGO (Eshallgo Inc. - Class A) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | -90.1% | +55.9% |
| 5-year return | n/a | +63.7% |
| Volatility (ann.) | 127.9% | 32.6% |
| Beta vs S&P 500 | -1.42 | 1.29 |
| Max drawdown (3Y) | -98.5% | -36.5% |
| Market cap | – | $14.7B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.58% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EHGO | IVZ |
|---|---|---|
| 2022 | – | -18.7% |
| 2023 | – | +4.2% |
| 2024 | – | +3.0% |
| 2025 | -94.4% | +56.9% |
| 2026 | -65.9% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and IVZ good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and IVZ?
The EHGO/IVZ correlation stands at -0.18 on a 3-year window (1 year: -0.38, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is IVZ a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 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-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EHGO correlations · IVZ correlations
