BWMX vs ENGN: Correlation
Betterware de Mexico, S.A.P.I. de C.V. (BWMX) and enGene Therapeutics Inc. (ENGN) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are BWMX and ENGN?
Across a 3-year window, the weekly returns of BWMX and ENGN correlate at -0.30, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (0.12) runs above the 3-year figure (-0.30). Stretching to 5 years gives -0.22, with an annualized covariance of -2167.8 %².
Out of 10 assets tracked against BWMX, ENGN lands near the bottom at #10. The last year tells two different stories: BWMX led by 81.6 percentage points, +25.6% for BWMX 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.
BWMX vs ENGN: side by side
| BWMX (Betterware de Mexico, S.A.P.I. de C.V.) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +25.6% | -56.0% |
| 5-year return | -40.9% | -80.6% |
| Volatility (ann.) | 45.7% | 156.3% |
| Beta vs S&P 500 | 0.88 | -0.97 |
| Max drawdown (3Y) | -57.5% | -94.9% |
| Market cap | $0.6B | $0.1B |
| P/E (trailing) | 6.1 | – |
| Dividend yield | 66.63% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | BWMX | ENGN |
|---|---|---|
| 2022 | -66.1% | – |
| 2023 | +133.9% | -10.6% |
| 2024 | -12.0% | -28.0% |
| 2025 | +37.3% | +35.8% |
| 2026 | +18.7% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are BWMX and ENGN good diversifiers for each other?
Yes. With a correlation of -0.30, BWMX and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between BWMX and ENGN?
The BWMX/ENGN correlation stands at -0.30 on a 3-year window (1 year: 0.12, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is ENGN a good diversifier for BWMX?
Yes. With a correlation of -0.30, BWMX and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
A reading of -0.30 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/bwmx-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/bwmx-vs-engn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: BWMX correlations · ENGN correlations
