AKAM vs ENGN: Correlation
Akamai Technologies (AKAM) and enGene Therapeutics Inc. (ENGN) show a negative relationship: their 3-year correlation of weekly returns is -0.28.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AKAM and ENGN?
Over the past 3 years, AKAM and ENGN moved with a correlation of -0.28, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.52) than the 3-year average (-0.28). Over 5 years the correlation is -0.25, and the annualized covariance of weekly returns is -2034.0 %².
Among the 30 assets we track against AKAM, ENGN sits near the bottom by co-movement, at rank #28. The last year tells two different stories: AKAM led by 98.1 percentage points, +42.1% for AKAM against -56.0% for ENGN. Risk is not evenly split, since ENGN carries 3.4 times the volatility of the other side.
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.
AKAM vs ENGN: side by side
| AKAM (Akamai Technologies) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +42.1% | -56.0% |
| 5-year return | -1.6% | -80.6% |
| Volatility (ann.) | 45.7% | 156.3% |
| Beta vs S&P 500 | 0.58 | -0.97 |
| Max drawdown (3Y) | -46.8% | -94.9% |
| Market cap | $16.0B | $0.1B |
| P/E (trailing) | 40.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | Information Technology | US Listed |
Year-by-year returns
| Year | AKAM | ENGN |
|---|---|---|
| 2022 | -28.0% | – |
| 2023 | +40.4% | -10.6% |
| 2024 | -19.2% | -28.0% |
| 2025 | -8.8% | +35.8% |
| 2026 | +27.5% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AKAM and ENGN good diversifiers for each other?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
FAQ
What is the correlation between AKAM and ENGN?
The AKAM/ENGN correlation stands at -0.28 on a 3-year window (1 year: -0.52, 5 years: -0.25), computed from weekly returns as of 2026-08-27.
Is ENGN a good diversifier for AKAM?
By historical standards, yes. A correlation of -0.28 means the two rarely move for the same reasons.
What does a correlation of -0.28 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/akam-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/akam-vs-engn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: AKAM correlations · ENGN correlations
