EZGO vs FIGS: Correlation
Measured on weekly returns over the past three years, EZGO Technologies Ltd. (EZGO) and FIGS, Inc. (FIGS) carry a correlation of 0.32, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EZGO and FIGS?
Over the past 3 years, EZGO and FIGS moved with a correlation of 0.32, which is moderate. Little has changed lately, as the 1-year reading of 0.35 lands near the 3-year figure. Over 5 years the correlation is 0.24, and the annualized covariance of weekly returns is 2445.8 %².
Among the 12 assets we track against EZGO, FIGS ranks #5 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FIGS outperformed by 213.2 percentage points (-99.9% for EZGO against +113.3% for FIGS). One caveat on sizing: EZGO is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
EZGO vs FIGS: side by side
| EZGO (EZGO Technologies Ltd.) | FIGS (FIGS, Inc.) | |
|---|---|---|
| 1-year return | -99.9% | +113.3% |
| 5-year return | -100.0% | -63.9% |
| Volatility (ann.) | 118.7% | 63.9% |
| Beta vs S&P 500 | 1.16 | 0.92 |
| Max drawdown (3Y) | -100.0% | -54.4% |
| Market cap | – | $2.5B |
| P/E (trailing) | – | 45.8 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EZGO | FIGS |
|---|---|---|
| 2022 | -55.2% | -75.6% |
| 2023 | -82.8% | +3.3% |
| 2024 | -82.2% | -10.9% |
| 2025 | -90.3% | +83.5% |
| 2026 | -99.7% | +32.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EZGO and FIGS good diversifiers for each other?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between EZGO and FIGS?
As of 2026-08-27, the correlation of weekly returns between EZGO and FIGS is 0.32 over 3 years, 0.35 over 1 year and 0.24 over 5 years.
Is FIGS a good diversifier for EZGO?
A fair diversifier. At 0.32, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.32 mean?
A reading of 0.32 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/ezgo-vs-figs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ezgo-vs-figs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: EZGO correlations · FIGS correlations
