EHGO vs SLB: Correlation
Eshallgo Inc. - Class A (EHGO) and Schlumberger (SLB) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and SLB?
Over the past 3 years, EHGO and SLB moved with a correlation of -0.17, which is negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.11 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -830.5 %².
Within EHGO's tracked universe of 66 assets, SLB comes in at #17 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months SLB outperformed by 147.2 percentage points (-90.1% for EHGO against +57.1% for SLB). One caveat on sizing: EHGO is 3.6 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 SLB: side by side
| EHGO (Eshallgo Inc. - Class A) | SLB (Schlumberger) | |
|---|---|---|
| 1-year return | -90.1% | +57.1% |
| 5-year return | n/a | +117.1% |
| Volatility (ann.) | 127.9% | 35.1% |
| Beta vs S&P 500 | -1.42 | 0.57 |
| Max drawdown (3Y) | -98.5% | -46.6% |
| Market cap | – | $81.6B |
| P/E (trailing) | – | 26.2 |
| Dividend yield | 0.00% | 2.16% |
| Sector / category | US Listed | Energy |
Year-by-year returns
| Year | EHGO | SLB |
|---|---|---|
| 2022 | – | +81.2% |
| 2023 | – | -0.8% |
| 2024 | – | -24.5% |
| 2025 | -94.4% | +3.3% |
| 2026 | -65.9% | +44.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and SLB good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and SLB?
As of 2026-08-27, the correlation of weekly returns between EHGO and SLB is -0.17 over 3 years, -0.11 over 1 year and n/a over 5 years.
Is SLB a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 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-slb.json
Embed this badge (it refreshes with the data), with attribution:
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Related comparisons
Hubs: EHGO correlations · SLB correlations
