ENGN vs HAS: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and Hasbro (HAS) trade together? Their weekly returns over three years give a correlation of -0.17, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and HAS?
On 3 years of weekly data the ENGN/HAS correlation comes out at -0.17, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (-0.02) than the 3-year average (-0.17). The 5-year figure is -0.13, and annualized covariance runs at -828.7 %².
Within ENGN's tracked universe of 35 assets, HAS comes in at #10 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months HAS outperformed by 75.2 percentage points (-56.0% for ENGN against +19.2% for HAS). Risk is not evenly split, since ENGN carries 4.9 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.
ENGN vs HAS: side by side
| ENGN (enGene Therapeutics Inc.) | HAS (Hasbro) | |
|---|---|---|
| 1-year return | -56.0% | +19.2% |
| 5-year return | -80.6% | +17.1% |
| Volatility (ann.) | 156.3% | 31.7% |
| Beta vs S&P 500 | -0.97 | 0.86 |
| Max drawdown (3Y) | -94.9% | -40.3% |
| Market cap | $0.1B | $13.3B |
| P/E (trailing) | – | 17.1 |
| Dividend yield | 0.00% | 2.91% |
| Sector / category | US Listed | Consumer Discretionary |
Year-by-year returns
| Year | ENGN | HAS |
|---|---|---|
| 2022 | – | -37.9% |
| 2023 | -10.6% | -11.9% |
| 2024 | -28.0% | +14.8% |
| 2025 | +35.8% | +52.5% |
| 2026 | -78.8% | +17.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and HAS good diversifiers for each other?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENGN and HAS?
As of 2026-08-27, the correlation of weekly returns between ENGN and HAS is -0.17 over 3 years, -0.02 over 1 year and -0.13 over 5 years.
Is HAS a good diversifier for ENGN?
By historical standards, yes. A correlation of -0.17 means the two rarely move for the same reasons.
What does a correlation of -0.17 mean?
On the −1 to +1 scale, -0.17 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/engn-vs-has.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/engn-vs-has/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: ENGN correlations · HAS correlations
