SUGP vs WKHS: Correlation
SU Group Holdings Limited - Class A (SUGP) and Workhorse Group, Inc. (WKHS) show a moderate relationship: their 3-year correlation of weekly returns is 0.49.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are SUGP and WKHS?
On 3 years of weekly data the SUGP/WKHS correlation comes out at 0.49, moderate. Lately the two have drifted apart, with the 1-year correlation at -0.23 versus 0.49 over 3 years. The 5-year figure is n/a, and annualized covariance runs at 11736.2 %².
By 3-year correlation, WKHS places #4 of the 11 assets tracked against SUGP. Their recent paths diverged sharply: over the last 12 months WKHS outperformed by 16.4 percentage points (-97.0% for SUGP against -80.6% for WKHS).
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.
SUGP vs WKHS: side by side
| SUGP (SU Group Holdings Limited - Class A) | WKHS (Workhorse Group, Inc.) | |
|---|---|---|
| 1-year return | -97.0% | -80.6% |
| 5-year return | n/a | -100.0% |
| Volatility (ann.) | 143.4% | 157.8% |
| Beta vs S&P 500 | 1.47 | 1.44 |
| Max drawdown (3Y) | -99.8% | -99.9% |
| Market cap | – | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | SUGP | WKHS |
|---|---|---|
| 2022 | – | -65.1% |
| 2023 | – | -76.3% |
| 2024 | – | -90.3% |
| 2025 | -44.7% | -95.1% |
| 2026 | -97.1% | -37.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are SUGP and WKHS good diversifiers for each other?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between SUGP and WKHS?
The SUGP/WKHS correlation stands at 0.49 on a 3-year window (1 year: -0.23, 5 years: n/a), computed from weekly returns as of 2026-08-27.
Is WKHS a good diversifier for SUGP?
A fair diversifier. At 0.49, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.49 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/sugp-vs-wkhs.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/sugp-vs-wkhs/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: SUGP correlations · WKHS correlations
