ENGN vs GEN: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and Gen Digital (GEN) trade together? Their weekly returns over three years give a correlation of -0.18, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and GEN?
Across a 3-year window, the weekly returns of ENGN and GEN correlate at -0.18, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.18) sits close to the 3-year figure. Stretching to 5 years gives -0.16, with an annualized covariance of -916.9 %².
Among the 35 assets we track against ENGN, GEN ranks #12 by 3-year correlation. Correlation aside, the last 12 months split them widely, with GEN ahead by 57.2 points (-56.0% versus +1.2%). Note the risk asymmetry: ENGN runs 4.9 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 GEN: side by side
| ENGN (enGene Therapeutics Inc.) | GEN (Gen Digital) | |
|---|---|---|
| 1-year return | -56.0% | +1.2% |
| 5-year return | -80.6% | +26.3% |
| Volatility (ann.) | 156.3% | 31.7% |
| Beta vs S&P 500 | -0.97 | 1.02 |
| Max drawdown (3Y) | -94.9% | -43.6% |
| Market cap | $0.1B | $18.3B |
| P/E (trailing) | – | 17.3 |
| Dividend yield | 0.00% | 1.69% |
| Sector / category | US Listed | Information Technology |
Year-by-year returns
| Year | ENGN | GEN |
|---|---|---|
| 2022 | – | -15.8% |
| 2023 | -10.6% | +9.3% |
| 2024 | -28.0% | +22.4% |
| 2025 | +35.8% | +1.1% |
| 2026 | -78.8% | +13.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and GEN good diversifiers for each other?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENGN and GEN?
The ENGN/GEN correlation stands at -0.18 on a 3-year window (1 year: -0.18, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is GEN a good diversifier for ENGN?
Yes: at -0.18, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.18 mean?
A reading of -0.18 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-gen.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/engn-vs-gen/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENGN correlations · GEN correlations
