EHGO vs TSLA: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Tesla, Inc. (TSLA) 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 TSLA?
On 3 years of weekly data the EHGO/TSLA correlation comes out at -0.18, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.32) runs below the 3-year figure (-0.18). The 5-year figure is n/a, and annualized covariance runs at -1209.4 %².
By 3-year correlation, TSLA places #24 of the 66 assets tracked against EHGO. Correlation aside, the last 12 months split them widely, with TSLA ahead by 91.6 points (-90.1% versus +1.5%). Risk is not evenly split, since EHGO carries 2.4 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 TSLA: side by side
| EHGO (Eshallgo Inc. - Class A) | TSLA (Tesla, Inc.) | |
|---|---|---|
| 1-year return | -90.1% | +1.5% |
| 5-year return | n/a | +45.6% |
| Volatility (ann.) | 127.9% | 53.9% |
| Beta vs S&P 500 | -1.42 | 1.87 |
| Max drawdown (3Y) | -98.5% | -53.8% |
| Market cap | – | $1,401.3B |
| P/E (trailing) | – | 322.6 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | EHGO | TSLA |
|---|---|---|
| 2022 | – | -65.0% |
| 2023 | – | +101.7% |
| 2024 | – | +62.5% |
| 2025 | -94.4% | +11.4% |
| 2026 | -65.9% | -21.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and TSLA good diversifiers for each other?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
FAQ
What is the correlation between EHGO and TSLA?
The EHGO/TSLA correlation stands at -0.18 on a 3-year window (1 year: -0.32, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is TSLA a good diversifier for EHGO?
By historical standards, yes. A correlation of -0.18 means the two rarely move for the same reasons.
What does a correlation of -0.18 mean?
A reading of -0.18 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-tsla.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ehgo-vs-tsla/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EHGO correlations · TSLA correlations
