AUPH vs ENGN: Correlation
How closely do Aurinia Pharmaceuticals Inc (AUPH) and enGene Therapeutics Inc. (ENGN) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are AUPH and ENGN?
On 3 years of weekly data the AUPH/ENGN correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.02 versus -0.27 over 3 years. The 5-year figure is -0.15, and annualized covariance runs at -1767.7 %².
Among the 20 assets we track against AUPH, ENGN sits near the bottom by co-movement, at rank #16. The last year tells two different stories: AUPH led by 92.0 percentage points, +36.0% for AUPH against -56.0% for ENGN. One caveat on sizing: ENGN is 3.7 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.
AUPH vs ENGN: side by side
| AUPH (Aurinia Pharmaceuticals Inc) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +36.0% | -56.0% |
| 5-year return | -3.2% | -80.6% |
| Volatility (ann.) | 41.8% | 156.3% |
| Beta vs S&P 500 | 0.59 | -0.97 |
| Max drawdown (3Y) | -52.8% | -94.9% |
| Market cap | $2.2B | $0.1B |
| P/E (trailing) | 7.3 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | AUPH | ENGN |
|---|---|---|
| 2022 | -81.1% | – |
| 2023 | +108.1% | -10.6% |
| 2024 | -0.1% | -28.0% |
| 2025 | +77.6% | +35.8% |
| 2026 | +3.3% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are AUPH and ENGN good diversifiers for each other?
Yes. With a correlation of -0.27, AUPH and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between AUPH and ENGN?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.02 over the last year and -0.15 over 5 years.
Is ENGN a good diversifier for AUPH?
Yes. With a correlation of -0.27, AUPH and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/auph-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/auph-vs-engn/)
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Related comparisons
Hubs: AUPH correlations · ENGN correlations
