ENGN vs GBTG: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and Global Business Travel Group, Inc. (GBTG) trade together? Their weekly returns over three years give a correlation of -0.30, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and GBTG?
On 3 years of weekly data the ENGN/GBTG correlation comes out at -0.30, negative, meaning they tend to move in opposite directions. The link has loosened recently: the 1-year correlation (-0.62) runs below the 3-year figure (-0.30). The 5-year figure is -0.25, and annualized covariance runs at -2332.2 %².
Out of 35 assets tracked against ENGN, GBTG lands near the bottom at #32. Correlation aside, the last 12 months split them widely, with GBTG ahead by 70.8 points (-56.0% versus +14.8%). One caveat on sizing: ENGN is 3.1 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.
ENGN vs GBTG: side by side
| ENGN (enGene Therapeutics Inc.) | GBTG (Global Business Travel Group, Inc.) | |
|---|---|---|
| 1-year return | -56.0% | +14.8% |
| 5-year return | -80.6% | n/a |
| Volatility (ann.) | 156.3% | 50.5% |
| Beta vs S&P 500 | -0.97 | 1.39 |
| Max drawdown (3Y) | -94.9% | -48.0% |
| Market cap | $0.1B | $4.9B |
| P/E (trailing) | – | 59.1 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | GBTG |
|---|---|---|
| 2023 | -10.6% | -4.4% |
| 2024 | -28.0% | +43.9% |
| 2025 | +35.8% | -17.6% |
| 2026 | -78.8% | +23.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and GBTG good diversifiers for each other?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENGN and GBTG?
Using weekly returns as of 2026-08-27: -0.30 over 3 years, with -0.62 over the last year and -0.25 over 5 years.
Is GBTG a good diversifier for ENGN?
By historical standards, yes. A correlation of -0.30 means the two rarely move for the same reasons.
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/engn-vs-gbtg.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/engn-vs-gbtg/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ENGN correlations · GBTG correlations
