ENGN vs QQQ: Correlation
enGene Therapeutics Inc. (ENGN) and Invesco QQQ Trust (QQQ) show a negative relationship: their 3-year correlation of weekly returns is -0.10.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and QQQ?
Across a 3-year window, the weekly returns of ENGN and QQQ correlate at -0.10, 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 -0.10 over 3 years. Stretching to 5 years gives -0.07, with an annualized covariance of -312.7 %².
Within ENGN's tracked universe of 35 assets, QQQ comes in at #7 by 3-year correlation. Correlation aside, the last 12 months split them widely, with QQQ ahead by 82.3 points (-56.0% versus +26.3%). Risk is not evenly split, since ENGN carries 8.0 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 QQQ: side by side
| ENGN (enGene Therapeutics Inc.) | QQQ (Invesco QQQ Trust) | |
|---|---|---|
| 1-year return | -56.0% | +26.3% |
| 5-year return | -80.6% | +95.4% |
| Volatility (ann.) | 156.3% | 19.6% |
| Beta vs S&P 500 | -0.97 | 1.28 |
| Max drawdown (3Y) | -94.9% | -22.8% |
| Market cap | $0.1B | – |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.44% |
| Expense ratio | – | 0.18% |
| Assets under management | – | $452.8B |
| Sector / category | US Listed | ETF · US Growth & Tech |
QQQ is a Large Growth fund from Invesco: $452.8B under management, 104 holdings, a 0.18% expense ratio, a 0.44% trailing dividend yield.
Year-by-year returns
| Year | ENGN | QQQ |
|---|---|---|
| 2022 | – | -32.6% |
| 2023 | -10.6% | +54.9% |
| 2024 | -28.0% | +25.6% |
| 2025 | +35.8% | +20.8% |
| 2026 | -78.8% | +17.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and QQQ good diversifiers for each other?
Yes: at -0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENGN and QQQ?
Using weekly returns as of 2026-08-27: -0.10 over 3 years, with 0.05 over the last year and -0.07 over 5 years.
Is QQQ a good diversifier for ENGN?
Yes: at -0.10, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.10 mean?
A reading of -0.10 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-qqq.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/engn-vs-qqq/)
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Related comparisons
Hubs: ENGN correlations · QQQ correlations
