EHGO vs SPKL: Correlation
Eshallgo Inc. - Class A (EHGO) and Spark I Acquisition Corp. - Class A (SPKL) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and SPKL?
Across a 3-year window, the weekly returns of EHGO and SPKL correlate at -0.27, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.33) sits close to the 3-year figure. Stretching to 5 years gives n/a, with an annualized covariance of -462.2 %².
By 3-year correlation, SPKL places #56 of the 66 assets tracked against EHGO. The last year tells two different stories: SPKL led by 95.6 percentage points, -90.1% for EHGO against +5.5% for SPKL. Risk is not evenly split, since EHGO carries 10.7 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 SPKL: side by side
| EHGO (Eshallgo Inc. - Class A) | SPKL (Spark I Acquisition Corp. - Class A) | |
|---|---|---|
| 1-year return | -90.1% | +5.5% |
| 5-year return | n/a | n/a |
| Volatility (ann.) | 127.9% | 11.9% |
| Beta vs S&P 500 | -1.42 | 0.07 |
| Max drawdown (3Y) | -98.5% | -15.7% |
| Market cap | – | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | SPKL |
|---|---|---|
| 2024 | – | +4.9% |
| 2025 | -94.4% | +7.4% |
| 2026 | -65.9% | +1.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and SPKL good diversifiers for each other?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and SPKL?
As of 2026-08-27, the correlation of weekly returns between EHGO and SPKL is -0.27 over 3 years, -0.33 over 1 year and n/a over 5 years.
Is SPKL a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.27 means the two rarely move for the same reasons.
What does a correlation of -0.27 mean?
A reading of -0.27 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ehgo-vs-spkl.json
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Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: EHGO correlations · SPKL correlations
