ENGN vs INVH: Correlation
Measured on weekly returns over the past three years, enGene Therapeutics Inc. (ENGN) and Invitation Homes (INVH) carry a correlation of -0.25, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and INVH?
Over the past 3 years, ENGN and INVH moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.06 versus -0.25 over 3 years. Over 5 years the correlation is -0.19, and the annualized covariance of weekly returns is -828.5 %².
Among the 35 assets we track against ENGN, INVH ranks #23 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INVH ahead by 54.1 points (-56.0% versus -1.9%). One caveat on sizing: ENGN is 7.4 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 INVH: side by side
| ENGN (enGene Therapeutics Inc.) | INVH (Invitation Homes) | |
|---|---|---|
| 1-year return | -56.0% | -1.9% |
| 5-year return | -80.6% | -16.8% |
| Volatility (ann.) | 156.3% | 21.2% |
| Beta vs S&P 500 | -0.97 | 0.50 |
| Max drawdown (3Y) | -94.9% | -30.9% |
| Market cap | $0.1B | $17.4B |
| P/E (trailing) | – | 27.3 |
| Dividend yield | 0.00% | 3.98% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ENGN | INVH |
|---|---|---|
| 2022 | – | -33.0% |
| 2023 | -10.6% | +19.7% |
| 2024 | -28.0% | -3.1% |
| 2025 | +35.8% | -9.7% |
| 2026 | -78.8% | +7.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and INVH good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENGN and INVH?
Using weekly returns as of 2026-08-27: -0.25 over 3 years, with -0.06 over the last year and -0.19 over 5 years.
Is INVH a good diversifier for ENGN?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 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 · INVH correlations
