ENGN vs IVF: Correlation
How closely do enGene Therapeutics Inc. (ENGN) and INVO Fertility, Inc. (IVF) trade together? Their weekly returns over three years give a correlation of 0.44, which is moderate.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and IVF?
On 3 years of weekly data the ENGN/IVF correlation comes out at 0.44, moderate. The past 12 months show a weaker link (0.25) than the 3-year average (0.44). The 5-year figure is 0.39, and annualized covariance runs at 10454.2 %².
IVF is one of the assets that tracks ENGN most closely: it ranks #1 out of the 35 assets we track against ENGN. Their recent paths diverged sharply: over the last 12 months ENGN outperformed by 41.5 percentage points (-56.0% for ENGN against -97.5% for IVF).
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 IVF: side by side
| ENGN (enGene Therapeutics Inc.) | IVF (INVO Fertility, Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -97.5% |
| 5-year return | -80.6% | -100.0% |
| Volatility (ann.) | 156.3% | 150.4% |
| Beta vs S&P 500 | -0.97 | -0.55 |
| Max drawdown (3Y) | -94.9% | -100.0% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | 0.0 |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | IVF |
|---|---|---|
| 2022 | – | -87.3% |
| 2023 | -10.6% | -84.1% |
| 2024 | -28.0% | -40.0% |
| 2025 | +35.8% | -99.7% |
| 2026 | -78.8% | -72.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and IVF good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ENGN and IVF?
The ENGN/IVF correlation stands at 0.44 on a 3-year window (1 year: 0.25, 5 years: 0.39), computed from weekly returns as of 2026-08-27.
Is IVF a good diversifier for ENGN?
Yes, to a useful degree: a correlation of 0.44 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.44 mean?
On the −1 to +1 scale, 0.44 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.
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Related comparisons
Hubs: ENGN correlations · IVF correlations
