EHGO vs MSCI: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and MSCI (MSCI) carry a correlation of -0.21, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and MSCI?
Over the past 3 years, EHGO and MSCI moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.28 over 1 year against -0.21 over 3. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -717.7 %².
Among the 66 assets we track against EHGO, MSCI ranks #33 by 3-year correlation. Correlation aside, the last 12 months split them widely, with MSCI ahead by 91.4 points (-90.1% versus +1.3%). Risk is not evenly split, since EHGO carries 5.0 times the volatility of the other side.
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 MSCI: side by side
| EHGO (Eshallgo Inc. - Class A) | MSCI (MSCI) | |
|---|---|---|
| 1-year return | -90.1% | +1.3% |
| 5-year return | n/a | -5.6% |
| Volatility (ann.) | 127.9% | 25.4% |
| Beta vs S&P 500 | -1.42 | 0.85 |
| Max drawdown (3Y) | -98.5% | -26.0% |
| Market cap | – | $41.4B |
| P/E (trailing) | – | 30.9 |
| Dividend yield | 0.00% | 1.36% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | EHGO | MSCI |
|---|---|---|
| 2022 | – | -23.3% |
| 2023 | – | +22.9% |
| 2024 | – | +7.3% |
| 2025 | -94.4% | -3.2% |
| 2026 | -65.9% | +0.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and MSCI good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and MSCI?
As of 2026-08-27, the correlation of weekly returns between EHGO and MSCI is -0.21 over 3 years, -0.28 over 1 year and n/a over 5 years.
Is MSCI a good diversifier for EHGO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ehgo-vs-msci.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehgo-vs-msci/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · MSCI correlations
