EQ vs HOLO: Correlation
How closely do Equillium, Inc. (EQ) and MicroCloud Hologram Inc. (HOLO) trade together? Their weekly returns over three years give a correlation of 0.39, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EQ and HOLO?
Over the past 3 years, EQ and HOLO moved with a correlation of 0.39, which is moderate. The link has loosened recently: the 1-year correlation (0.05) runs below the 3-year figure (0.39). Over 5 years the correlation is 0.36, and the annualized covariance of weekly returns is 37569.6 %².
Among the 13 assets we track against EQ, HOLO ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months EQ outperformed by 87.9 percentage points (+28.3% for EQ against -59.6% for HOLO). Risk is not evenly split, since HOLO carries 4.4 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.
EQ vs HOLO: side by side
| EQ (Equillium, Inc.) | HOLO (MicroCloud Hologram Inc.) | |
|---|---|---|
| 1-year return | +28.3% | -59.6% |
| 5-year return | -60.0% | -100.0% |
| Volatility (ann.) | 147.8% | 648.5% |
| Beta vs S&P 500 | 0.03 | 3.02 |
| Max drawdown (3Y) | -90.3% | -100.0% |
| Market cap | $0.2B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EQ | HOLO |
|---|---|---|
| 2022 | -71.9% | -77.2% |
| 2023 | -32.1% | -84.4% |
| 2024 | +4.2% | -93.1% |
| 2025 | +106.7% | -98.7% |
| 2026 | +58.1% | -28.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EQ and HOLO good diversifiers for each other?
Reasonably. At 0.39, EQ and HOLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
FAQ
What is the correlation between EQ and HOLO?
The EQ/HOLO correlation stands at 0.39 on a 3-year window (1 year: 0.05, 5 years: 0.36), computed from weekly returns as of 2026-08-27.
Is HOLO a good diversifier for EQ?
Reasonably. At 0.39, EQ and HOLO keep a meaningful degree of independence, and combining them has historically reduced portfolio volatility.
What does a correlation of 0.39 mean?
A reading of 0.39 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
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Related comparisons
Hubs: EQ correlations · HOLO correlations
