ENGN vs MAA: Correlation
enGene Therapeutics Inc. (ENGN) and Mid-America Apartment Communities (MAA) show a negative relationship: their 3-year correlation of weekly returns is -0.17.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and MAA?
Across a 3-year window, the weekly returns of ENGN and MAA correlate at -0.17, negative, meaning they tend to move in opposite directions. The link has tightened recently: the 1-year correlation (-0.06) runs above the 3-year figure (-0.17). Stretching to 5 years gives -0.13, with an annualized covariance of -547.7 %².
By 3-year correlation, MAA places #11 of the 35 assets tracked against ENGN. Their recent paths diverged sharply: over the last 12 months MAA outperformed by 49.4 percentage points (-56.0% for ENGN against -6.6% for MAA). One caveat on sizing: ENGN is 7.7 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 MAA: side by side
| ENGN (enGene Therapeutics Inc.) | MAA (Mid-America Apartment Communities) | |
|---|---|---|
| 1-year return | -56.0% | -6.6% |
| 5-year return | -80.6% | -19.3% |
| Volatility (ann.) | 156.3% | 20.3% |
| Beta vs S&P 500 | -0.97 | 0.49 |
| Max drawdown (3Y) | -94.9% | -26.4% |
| Market cap | $0.1B | $15.3B |
| P/E (trailing) | – | 37.7 |
| Dividend yield | 0.00% | 4.63% |
| Sector / category | US Listed | Real Estate |
Year-by-year returns
| Year | ENGN | MAA |
|---|---|---|
| 2022 | – | -29.7% |
| 2023 | -10.6% | -11.1% |
| 2024 | -28.0% | +19.9% |
| 2025 | +35.8% | -6.4% |
| 2026 | -78.8% | -4.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and MAA 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 MAA?
Using weekly returns as of 2026-08-27: -0.17 over 3 years, with -0.06 over the last year and -0.13 over 5 years.
Is MAA 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?
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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Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/engn-vs-maa/)
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Related comparisons
Hubs: ENGN correlations · MAA correlations
