ADP vs ENGN: Correlation
Automatic Data Processing (ADP) and enGene Therapeutics Inc. (ENGN) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and ENGN?
Across a 3-year window, the weekly returns of ADP and ENGN correlate at -0.20, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.03) runs above the 3-year figure (-0.20). Stretching to 5 years gives -0.16, with an annualized covariance of -678.1 %².
Among the 43 assets we track against ADP, ENGN ranks #34 by 3-year correlation. The last year tells two different stories: ADP led by 52.5 percentage points, -3.5% for ADP against -56.0% for ENGN. One caveat on sizing: ENGN is 7.2 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.
ADP vs ENGN: side by side
| ADP (Automatic Data Processing) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -3.5% | -56.0% |
| 5-year return | +52.0% | -80.6% |
| Volatility (ann.) | 21.7% | 156.3% |
| Beta vs S&P 500 | 0.53 | -0.97 |
| Max drawdown (3Y) | -40.8% | -94.9% |
| Market cap | $113.1B | $0.1B |
| P/E (trailing) | 26.0 | – |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ADP | ENGN |
|---|---|---|
| 2022 | -1.3% | – |
| 2023 | -0.2% | -10.6% |
| 2024 | +28.4% | -28.0% |
| 2025 | -10.2% | +35.8% |
| 2026 | +12.4% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and ENGN good diversifiers for each other?
Yes. With a correlation of -0.20, ADP and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADP and ENGN?
The ADP/ENGN correlation stands at -0.20 on a 3-year window (1 year: 0.03, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is ENGN a good diversifier for ADP?
Yes. With a correlation of -0.20, ADP and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.20 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/adp-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/adp-vs-engn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADP correlations · ENGN correlations
