EHGO vs PBM: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and Psyence Biomedical Ltd. (PBM) 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 PBM?
Over the past 3 years, EHGO and PBM moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.21) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -6556.6 %².
Within EHGO's tracked universe of 66 assets, PBM comes in at #45 by 3-year correlation. Over the last 12 months EHGO came out ahead by 6.4 percentage points (-90.1% against -96.5%). Risk is not evenly split, since PBM carries 2.0 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 PBM: side by side
| EHGO (Eshallgo Inc. - Class A) | PBM (Psyence Biomedical Ltd.) | |
|---|---|---|
| 1-year return | -90.1% | -96.5% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 127.9% | 254.5% |
| Beta vs S&P 500 | -1.42 | 3.60 |
| Max drawdown (3Y) | -98.5% | -100.0% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | PBM |
|---|---|---|
| 2022 | – | +3.7% |
| 2023 | – | -10.1% |
| 2024 | – | -99.7% |
| 2025 | -94.4% | -95.5% |
| 2026 | -65.9% | -85.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and PBM good diversifiers for each other?
Yes. With a correlation of -0.23, EHGO and PBM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and PBM?
As of 2026-08-27, the correlation of weekly returns between EHGO and PBM is -0.23 over 3 years, -0.21 over 1 year and n/a over 5 years.
Is PBM a good diversifier for EHGO?
Yes. With a correlation of -0.23, EHGO and PBM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.23 mean?
On the −1 to +1 scale, -0.23 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-pbm.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehgo-vs-pbm/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · PBM correlations
