EHGO vs NTAP: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and NetApp (NTAP) carry a correlation of -0.18, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and NTAP?
On 3 years of weekly data the EHGO/NTAP correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is n/a, and annualized covariance runs at -897.5 %².
By 3-year correlation, NTAP places #23 of the 66 assets tracked against EHGO. Their recent paths diverged sharply: over the last 12 months NTAP outperformed by 163.1 percentage points (-90.1% for EHGO against +73.0% for NTAP). Risk is not evenly split, since EHGO carries 3.4 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 NTAP: side by side
| EHGO (Eshallgo Inc. - Class A) | NTAP (NetApp) | |
|---|---|---|
| 1-year return | -90.1% | +73.0% |
| 5-year return | n/a | +141.7% |
| Volatility (ann.) | 127.9% | 37.6% |
| Beta vs S&P 500 | -1.42 | 1.38 |
| Max drawdown (3Y) | -98.5% | -42.6% |
| Market cap | – | $37.4B |
| P/E (trailing) | – | 30.5 |
| Dividend yield | 0.00% | 1.07% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | EHGO | NTAP |
|---|---|---|
| 2022 | – | -32.9% |
| 2023 | – | +51.1% |
| 2024 | – | +34.2% |
| 2025 | -94.4% | -5.9% |
| 2026 | -65.9% | +80.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and NTAP good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and NTAP?
The EHGO/NTAP correlation stands at -0.18 on a 3-year window (1 year: -0.22, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is NTAP a good diversifier for EHGO?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
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-ntap.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-ntap/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · NTAP correlations
