ENGN vs GNLX: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and Genelux Corporation (GNLX) 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 ENGN and GNLX?
Across a 3-year window, the weekly returns of ENGN and GNLX correlate at -0.19, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at 0.05 versus -0.19 over 3 years. Stretching to 5 years gives n/a, with an annualized covariance of -2798.6 %².
Within ENGN's tracked universe of 35 assets, GNLX comes in at #14 by 3-year correlation. The last year tells two different stories: GNLX led by 35.1 percentage points, -56.0% for ENGN against -20.9% for GNLX. One caveat on sizing: ENGN is 1.7 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 GNLX: side by side
| ENGN (enGene Therapeutics Inc.) | GNLX (Genelux Corporation) | |
|---|---|---|
| 1-year return | -56.0% | -20.9% |
| 5-year return | -80.6% | n/a |
| Volatility (ann.) | 156.3% | 94.6% |
| Beta vs S&P 500 | -0.97 | 0.99 |
| Max drawdown (3Y) | -94.9% | -94.4% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | GNLX |
|---|---|---|
| 2023 | -10.6% | – |
| 2024 | -28.0% | -83.2% |
| 2025 | +35.8% | +84.7% |
| 2026 | -78.8% | -33.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and GNLX good diversifiers for each other?
Yes. With a correlation of -0.19, ENGN and GNLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENGN and GNLX?
Using weekly returns as of 2026-08-27: -0.19 over 3 years, with 0.05 over the last year and n/a over 5 years.
Is GNLX a good diversifier for ENGN?
Yes. With a correlation of -0.19, ENGN and GNLX have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.19 mean?
A reading of -0.19 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-gnlx.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/engn-vs-gnlx/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENGN correlations · GNLX correlations
