DBX vs ENGN: Correlation
Measured on weekly returns over the past three years, Dropbox, Inc. (DBX) and enGene Therapeutics Inc. (ENGN) carry a correlation of -0.31, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are DBX and ENGN?
Across a 3-year window, the weekly returns of DBX and ENGN correlate at -0.31, negative, meaning they tend to move in opposite directions. Little has changed lately, as the 1-year reading of -0.33 lands near the 3-year figure. Stretching to 5 years gives -0.25, with an annualized covariance of -1574.0 %².
Out of 18 assets tracked against DBX, ENGN lands near the bottom at #15. Their recent paths diverged sharply: over the last 12 months DBX outperformed by 80.5 percentage points (+24.5% for DBX against -56.0% for ENGN). Risk is not evenly split, since ENGN carries 4.8 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.
DBX vs ENGN: side by side
| DBX (Dropbox, Inc.) | ENGN (enGene Therapeutics Inc.) | |
|---|---|---|
| 1-year return | +24.5% | -56.0% |
| 5-year return | +14.9% | -80.6% |
| Volatility (ann.) | 32.7% | 156.3% |
| Beta vs S&P 500 | 0.86 | -0.97 |
| Max drawdown (3Y) | -37.4% | -94.9% |
| Market cap | $7.8B | $0.1B |
| P/E (trailing) | 19.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | DBX | ENGN |
|---|---|---|
| 2022 | -8.8% | – |
| 2023 | +31.7% | -10.6% |
| 2024 | +1.9% | -28.0% |
| 2025 | -7.5% | +35.8% |
| 2026 | +29.1% | -78.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are DBX and ENGN good diversifiers for each other?
Yes. With a correlation of -0.31, DBX and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between DBX and ENGN?
As of 2026-08-27, the correlation of weekly returns between DBX and ENGN is -0.31 over 3 years, -0.33 over 1 year and -0.25 over 5 years.
Is ENGN a good diversifier for DBX?
Yes. With a correlation of -0.31, DBX and ENGN have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.31 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/dbx-vs-engn.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/dbx-vs-engn/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: DBX correlations · ENGN correlations
