EHGO vs MAAS: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Maase Inc. - Class A (MAAS) carry a correlation of -0.24, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and MAAS?
Across a 3-year window, the weekly returns of EHGO and MAAS correlate at -0.24, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.35) runs below the 3-year figure (-0.24). Stretching to 5 years gives n/a, with an annualized covariance of -3978.3 %².
Within EHGO's tracked universe of 66 assets, MAAS comes in at #49 by 3-year correlation. The last year tells two different stories: MAAS led by 398.5 percentage points, -90.1% for EHGO against +308.4% for MAAS.
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 MAAS: side by side
| EHGO (Eshallgo Inc. - Class A) | MAAS (Maase Inc. - Class A) | |
|---|---|---|
| 1-year return | -90.1% | +308.4% |
| 5-year return | n/a | -94.5% |
| Volatility (ann.) | 127.9% | 126.1% |
| Beta vs S&P 500 | -1.42 | 1.00 |
| Max drawdown (3Y) | -98.5% | -99.6% |
| Market cap | – | $7.3B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | MAAS |
|---|---|---|
| 2022 | – | +14.9% |
| 2023 | – | -19.2% |
| 2024 | – | -94.6% |
| 2025 | -94.4% | -73.1% |
| 2026 | -65.9% | +206.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and MAAS good diversifiers for each other?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and MAAS?
As of 2026-08-27, the correlation of weekly returns between EHGO and MAAS is -0.24 over 3 years, -0.35 over 1 year and n/a over 5 years.
Is MAAS a good diversifier for EHGO?
Yes: at -0.24, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.24 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-maas.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-maas/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · MAAS correlations
