ENGN vs EXPD: Correlation
enGene Therapeutics Inc. (ENGN) and Expeditors International (EXPD) show a negative relationship: their 3-year correlation of weekly returns is -0.26.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and EXPD?
On 3 years of weekly data the ENGN/EXPD correlation comes out at -0.26, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. The 5-year figure is -0.19, and annualized covariance runs at -992.6 %².
Within ENGN's tracked universe of 35 assets, EXPD comes in at #25 by 3-year correlation. Correlation aside, the last 12 months split them widely, with EXPD ahead by 113.5 points (-56.0% versus +57.5%). Note the risk asymmetry: ENGN runs 6.5 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
ENGN vs EXPD: side by side
| ENGN (enGene Therapeutics Inc.) | EXPD (Expeditors International) | |
|---|---|---|
| 1-year return | -56.0% | +57.5% |
| 5-year return | -80.6% | +60.9% |
| Volatility (ann.) | 156.3% | 24.2% |
| Beta vs S&P 500 | -0.97 | 0.65 |
| Max drawdown (3Y) | -94.9% | -21.3% |
| Market cap | $0.1B | $24.8B |
| P/E (trailing) | – | 27.7 |
| Dividend yield | 0.00% | 0.83% |
| Sector / category | US Listed | Industrials |
Year-by-year returns
| Year | ENGN | EXPD |
|---|---|---|
| 2022 | – | -21.7% |
| 2023 | -10.6% | +23.9% |
| 2024 | -28.0% | -11.9% |
| 2025 | +35.8% | +36.2% |
| 2026 | -78.8% | +28.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and EXPD good diversifiers for each other?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENGN and EXPD?
The ENGN/EXPD correlation stands at -0.26 on a 3-year window (1 year: -0.22, 5 years: -0.19), computed from weekly returns as of 2026-08-27.
Is EXPD a good diversifier for ENGN?
By historical standards, yes. A correlation of -0.26 means the two rarely move for the same reasons.
What does a correlation of -0.26 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
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Related comparisons
Hubs: ENGN correlations · EXPD correlations
