EHGO vs PRLD: Correlation
Eshallgo Inc. - Class A (EHGO) and Prelude Therapeutics Incorporated (PRLD) show a negative relationship: their 3-year correlation of weekly returns is -0.19.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and PRLD?
On 3 years of weekly data the EHGO/PRLD correlation comes out at -0.19, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.17 over 1 year against -0.19 over 3. The 5-year figure is n/a, and annualized covariance runs at -2686.2 %².
Within EHGO's tracked universe of 66 assets, PRLD comes in at #26 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months PRLD outperformed by 485.4 percentage points (-90.1% for EHGO against +395.3% for PRLD).
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 PRLD: side by side
| EHGO (Eshallgo Inc. - Class A) | PRLD (Prelude Therapeutics Incorporated) | |
|---|---|---|
| 1-year return | -90.1% | +395.3% |
| 5-year return | n/a | -82.8% |
| Volatility (ann.) | 127.9% | 109.9% |
| Beta vs S&P 500 | -1.42 | 1.35 |
| Max drawdown (3Y) | -98.5% | -90.4% |
| Market cap | – | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | PRLD |
|---|---|---|
| 2022 | – | -51.5% |
| 2023 | – | -29.3% |
| 2024 | – | -70.1% |
| 2025 | -94.4% | +127.5% |
| 2026 | -65.9% | +118.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and PRLD good diversifiers for each other?
Yes. With a correlation of -0.19, EHGO and PRLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between EHGO and PRLD?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with -0.17 over the last year and n/a over 5 years.
Is PRLD a good diversifier for EHGO?
Yes. With a correlation of -0.19, EHGO and PRLD have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
On the −1 to +1 scale, -0.19 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-prld.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/ehgo-vs-prld/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EHGO correlations · PRLD correlations
