EHGO vs MPWR: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Monolithic Power Systems (MPWR) trade together? Their weekly returns over three years give a correlation of -0.23, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and MPWR?
On 3 years of weekly data the EHGO/MPWR correlation comes out at -0.23, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.29 lands near the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -1413.8 %².
Among the 66 assets we track against EHGO, MPWR ranks #43 by 3-year correlation. The last year tells two different stories: MPWR led by 142.5 percentage points, -90.1% for EHGO against +52.4% for MPWR. One caveat on sizing: EHGO is 2.7 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 MPWR: side by side
| EHGO (Eshallgo Inc. - Class A) | MPWR (Monolithic Power Systems) | |
|---|---|---|
| 1-year return | -90.1% | +52.4% |
| 5-year return | n/a | +170.3% |
| Volatility (ann.) | 127.9% | 48.1% |
| Beta vs S&P 500 | -1.42 | 2.22 |
| Max drawdown (3Y) | -98.5% | -51.6% |
| Market cap | – | $64.4B |
| P/E (trailing) | – | 79.4 |
| Dividend yield | 0.00% | 0.55% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EHGO | MPWR |
|---|---|---|
| 2022 | – | -27.8% |
| 2023 | – | +79.8% |
| 2024 | – | -5.6% |
| 2025 | -94.4% | +54.5% |
| 2026 | -65.9% | +45.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and MPWR good diversifiers for each other?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and MPWR?
As of 2026-08-27, the correlation of weekly returns between EHGO and MPWR is -0.23 over 3 years, -0.29 over 1 year and n/a over 5 years.
Is MPWR a good diversifier for EHGO?
Yes: at -0.23, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.23 mean?
A reading of -0.23 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Hubs: EHGO correlations · MPWR correlations
