EHGO vs VVX: Correlation
How closely do Eshallgo Inc. - Class A (EHGO) and V2X, Inc. (VVX) trade together? Their weekly returns over three years give a correlation of -0.21, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and VVX?
Over the past 3 years, EHGO and VVX moved with a correlation of -0.21, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.30) sits close to the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -1206.3 %².
By 3-year correlation, VVX places #35 of the 66 assets tracked against EHGO. The last year tells two different stories: VVX led by 124.4 percentage points, -90.1% for EHGO against +34.3% for VVX. Risk is not evenly split, since EHGO carries 2.9 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 VVX: side by side
| EHGO (Eshallgo Inc. - Class A) | VVX (V2X, Inc.) | |
|---|---|---|
| 1-year return | -90.1% | +34.3% |
| 5-year return | n/a | +58.1% |
| Volatility (ann.) | 127.9% | 43.9% |
| Beta vs S&P 500 | -1.42 | 0.98 |
| Max drawdown (3Y) | -98.5% | -38.9% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 26.9 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | VVX |
|---|---|---|
| 2022 | – | -9.8% |
| 2023 | – | +12.5% |
| 2024 | – | +3.0% |
| 2025 | -94.4% | +14.0% |
| 2026 | -65.9% | +43.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and VVX good diversifiers for each other?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EHGO and VVX?
Using weekly returns as of 2026-08-27: -0.21 over 3 years, with -0.30 over the last year and n/a over 5 years.
Is VVX a good diversifier for EHGO?
Yes: at -0.21, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 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.
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Related comparisons
Hubs: EHGO correlations · VVX correlations
