EH vs. ^DJI

Last updated Jun 25, 2026

EH (Ehang Holdings Ltd) is a stock, while ^DJI (Dow Jones Industrial Average) is an index. Over the past 5 years, EH returned -30.12%/yr vs 8.53%/yr for ^DJI. At a 0.30 correlation, their price movements are largely independent.

Performance

EH vs. ^DJI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ehang Holdings Ltd (EH) and Dow Jones Industrial Average (^DJI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EH achieves a -49.70% return, which is significantly lower than ^DJI's 7.88% return.

EH

• 1D: 2.00%
• 1M: -32.21%
• YTD: -49.70%
• 6M: -50.56%
• 1Y: -59.65%
• 3Y*: -19.65%
• 5Y*: -30.12%
• 10Y*: —

^DJI

• 1D: 0.35%
• 1M: 2.51%
• YTD: 7.88%
• 6M: 6.40%
• 1Y: 20.33%
• 3Y*: 15.41%
• 5Y*: 8.53%
• 10Y*: 11.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EH vs. ^DJI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
EH Ehang Holdings Ltd	-49.70%	-16.29%	-6.28%	95.80%	-42.49%	-29.32%	96.37%	-14.34%
^DJI Dow Jones Industrial Average	7.88%	12.97%	12.88%	13.70%	-8.78%	18.73%	7.25%	2.25%

Correlation

The correlation between EH and ^DJI is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.37
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.34
Correlation (All Time) Calculated using the full available price history since Dec 12, 2019	0.30

Return for Risk

EH vs. ^DJI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EH

EH Risk / Return Rank: 5
EH Sharpe Ratio Rank: 5
EH Sortino Ratio Rank: 5
EH Omega Ratio Rank: 6
EH Calmar Ratio Rank: 8
EH Martin Ratio Rank: 3

^DJI

^DJI Risk / Return Rank: 57
^DJI Sharpe Ratio Rank: 58
^DJI Sortino Ratio Rank: 71
^DJI Omega Ratio Rank: 59
^DJI Calmar Ratio Rank: 45
^DJI Martin Ratio Rank: 54

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

EH vs. ^DJI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ehang Holdings Ltd (EH) and Dow Jones Industrial Average (^DJI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	EH	^DJI	Difference
Sharpe ratio: Return per unit of total volatility	-1.02	1.65	-2.67
Sortino ratio: Return per unit of downside risk	-1.63	2.41	-4.04
Omega ratio: Gain probability vs. loss probability	0.80	1.29	-0.49
Calmar ratio: Return relative to maximum drawdown	-0.89	2.04	-2.93
Martin ratio: Return relative to average drawdown	-1.73	7.74	-9.47

EH vs. ^DJI - Sharpe Ratio Comparison

The current EH Sharpe Ratio is -1.02, which is lower than the ^DJI Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of EH and ^DJI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EH vs. ^DJI - Drawdown Comparison

The maximum EH drawdown since its inception was -97.07%, which is greater than ^DJI's maximum drawdown of -53.78%. Use the drawdown chart below to compare losses from any high point for EH and ^DJI.

Drawdown Indicators

	EH	^DJI	Difference
Max Drawdown Largest peak-to-trough decline	-97.07%	-53.78%	-43.29%
Max Drawdown (1Y) Largest decline over 1 year	-67.48%	-10.01%	-57.47%
Max Drawdown (3Y) Largest decline over 3 years	-75.43%	-16.37%	-59.06%
Max Drawdown (5Y) Largest decline over 5 years	-91.81%	-21.94%	-69.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.09%	—
Current Drawdown Current decline from peak	-94.66%	-0.29%	-94.37%
Average Drawdown Average peak-to-trough decline	-74.74%	-8.02%	-66.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	34.50%	2.63%	+31.87%

Volatility

EH vs. ^DJI - Volatility Comparison

Ehang Holdings Ltd (EH) has a higher volatility of 38.38% compared to Dow Jones Industrial Average (^DJI) at 4.20%. This indicates that EH's price experiences larger fluctuations and is considered to be riskier than ^DJI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EH	^DJI	Difference
Volatility (1M) Calculated over the trailing 1-month period	38.38%	4.20%	+34.18%
Volatility (6M) Calculated over the trailing 6-month period	51.12%	9.85%	+41.27%
Volatility (1Y) Calculated over the trailing 1-year period	58.72%	12.45%	+46.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	84.91%	14.87%	+70.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	100.50%	17.61%	+82.89%

Frequently Asked Questions

Can I hold both EH and ^DJI in my portfolio?

EH and ^DJI have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EH or ^DJI?

EH has higher volatility (38.38%) compared to ^DJI (4.20%). In terms of maximum drawdown, EH dropped -97.07% vs ^DJI's -53.78%.

Which has better risk-adjusted returns?

^DJI currently has the higher Sharpe Ratio (1.65 vs -1.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.