EVC vs EZGO: Correlation
Entravision Communications Corporation (EVC) and EZGO Technologies Ltd. (EZGO) show a negative relationship: their 3-year correlation of weekly returns is -0.27.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EVC and EZGO?
Across a 3-year window, the weekly returns of EVC and EZGO correlate at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.53 versus -0.27 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -2642.2 %².
Among the 19 assets we track against EVC, EZGO sits near the bottom by co-movement, at rank #15. Their recent paths diverged sharply: over the last 12 months EVC outperformed by 332.0 percentage points (+232.1% for EVC against -99.9% for EZGO).
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.
EVC vs EZGO: side by side
| EVC (Entravision Communications Corporation) | EZGO (EZGO Technologies Ltd.) | |
|---|---|---|
| 1-year return | +232.1% | -99.9% |
| 5-year return | +53.1% | -100.0% |
| Volatility (ann.) | 82.5% | 118.7% |
| Beta vs S&P 500 | 0.94 | 1.16 |
| Max drawdown (3Y) | -67.4% | -100.0% |
| Market cap | $0.7B | – |
| P/E (trailing) | 404.5 | – |
| Dividend yield | 2.50% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EVC | EZGO |
|---|---|---|
| 2022 | -27.8% | -55.2% |
| 2023 | -9.2% | -82.8% |
| 2024 | -37.6% | -82.2% |
| 2025 | +35.8% | -90.3% |
| 2026 | +182.3% | -99.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EVC and EZGO good diversifiers for each other?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EVC and EZGO?
The EVC/EZGO correlation stands at -0.27 on a 3-year window (1 year: -0.53, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is EZGO a good diversifier for EVC?
Yes: at -0.27, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.27 mean?
A reading of -0.27 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/evc-vs-ezgo.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/evc-vs-ezgo/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EVC correlations · EZGO correlations
