EHGO vs VWO: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Vanguard FTSE Emerging Markets ETF (VWO) carry a correlation of -0.17, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and VWO?
Over the past 3 years, EHGO and VWO 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 -0.24 lands near the 3-year figure. Over 5 years the correlation is n/a, and the annualized covariance of weekly returns is -359.6 %².
By 3-year correlation, VWO places #19 of the 66 assets tracked against EHGO. The last year tells two different stories: VWO led by 111.7 percentage points, -90.1% for EHGO against +21.6% for VWO. Risk is not evenly split, since EHGO carries 8.4 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 VWO: side by side
| EHGO (Eshallgo Inc. - Class A) | VWO (Vanguard FTSE Emerging Markets ETF) | |
|---|---|---|
| 1-year return | -90.1% | +21.6% |
| 5-year return | n/a | +38.2% |
| Volatility (ann.) | 127.9% | 15.2% |
| Beta vs S&P 500 | -1.42 | 0.75 |
| Max drawdown (3Y) | -98.5% | -17.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 2.36% |
| Expense ratio | – | 0.06% |
| Assets under management | – | $162.0B |
| Sector / category | US Listed | ETF · International |
On the fund side, VWO sits in the Diversified Emerging Mkts category at Vanguard, with $162.0B under management, 4113 holdings, a 0.06% expense ratio, a 2.36% trailing dividend yield.
Year-by-year returns
| Year | EHGO | VWO |
|---|---|---|
| 2022 | – | -18.0% |
| 2023 | – | +9.3% |
| 2024 | – | +10.6% |
| 2025 | -94.4% | +25.6% |
| 2026 | -65.9% | +13.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and VWO 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 VWO?
As of 2026-08-27, the correlation of weekly returns between EHGO and VWO is -0.17 over 3 years, -0.24 over 1 year and n/a over 5 years.
Is VWO 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-vwo.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ehgo-vs-vwo/)
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Related comparisons
Hubs: EHGO correlations · VWO correlations
