CPT vs ENGN: Correlation
How closely do Camden Property Trust (CPT) and enGene Therapeutics Inc. (ENGN) trade together? Their weekly returns over three years give a correlation of -0.19, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CPT and ENGN?
Over the past 3 years, CPT and ENGN moved with a correlation of -0.19, which is negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.04) runs above the 3-year figure (-0.19). Over 5 years the correlation is -0.14, and the annualized covariance of weekly returns is -619.8 %².
Within CPT's tracked universe of 33 assets, ENGN comes in at #27 by 3-year correlation. Correlation aside, the last 12 months split them widely, with CPT ahead by 55.6 points (-0.4% versus -56.0%). One caveat on sizing: ENGN is 7.3 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.
CPT vs ENGN: side by side
| CPT (Camden Property Trust) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | -0.4% | -56.0% |
| 5-year return | -15.4% | -80.6% |
| Volatility (ann.) | 21.3% | 156.3% |
| Beta vs S&P 500 | 0.55 | -0.97 |
| Max drawdown (3Y) | -21.7% | -94.9% |
| Market cap | $12.2B | $0.1B |
| P/E (trailing) | 35.5 | – |
| Dividend yield | 3.92% | 0.00% |
| Sector / category | Real Estate | US Listed |
Year-by-year returns
| Year | CPT | ENGN |
|---|---|---|
| 2022 | -35.6% | – |
| 2023 | -7.6% | -10.6% |
| 2024 | +21.3% | -28.0% |
| 2025 | -1.5% | +35.8% |
| 2026 | -2.0% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CPT and ENGN good diversifiers for each other?
Yes. With a correlation of -0.19, CPT and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between CPT and ENGN?
The CPT/ENGN correlation stands at -0.19 on a 3-year window (1 year: -0.04, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is ENGN a good diversifier for CPT?
Yes. With a correlation of -0.19, CPT and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 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/cpt-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cpt-vs-engn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CPT correlations · ENGN correlations
