EHGO vs WKSP: Correlation
Measured on weekly returns over the past three years, Eshallgo Inc. - Class A (EHGO) and Worksport, Ltd. (WKSP) carry a correlation of 0.37, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EHGO and WKSP?
On 3 years of weekly data the EHGO/WKSP correlation comes out at 0.37, moderate. The past 12 months show a tighter link (0.51) than the 3-year average (0.37). The 5-year figure is n/a, and annualized covariance runs at 4733.1 %².
Few assets follow EHGO as closely as WKSP, which ranks #3 of 66 tracked partners. Over the last 12 months WKSP came out ahead by 10.6 percentage points (-90.1% against -79.5%).
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 WKSP: side by side
| EHGO (Eshallgo Inc. - Class A) | WKSP (Worksport, Ltd.) | |
|---|---|---|
| 1-year return | -90.1% | -79.5% |
| 5-year return | n/a | -98.8% |
| Volatility (ann.) | 127.9% | 108.8% |
| Beta vs S&P 500 | -1.42 | 1.80 |
| Max drawdown (3Y) | -98.5% | -98.4% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EHGO | WKSP |
|---|---|---|
| 2022 | – | -58.9% |
| 2023 | – | +49.7% |
| 2024 | – | -38.3% |
| 2025 | -94.4% | -76.8% |
| 2026 | -65.9% | -70.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EHGO and WKSP good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between EHGO and WKSP?
As of 2026-08-27, the correlation of weekly returns between EHGO and WKSP is 0.37 over 3 years, 0.51 over 1 year and n/a over 5 years.
Is WKSP a good diversifier for EHGO?
Yes, to a useful degree: a correlation of 0.37 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.37 mean?
On the −1 to +1 scale, 0.37 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-wksp.json
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Related comparisons
Hubs: EHGO correlations · WKSP correlations
