ENGN vs RMR: Correlation
enGene Therapeutics Inc. (ENGN) and The RMR Group Inc. (RMR) show a negative relationship: their 3-year correlation of weekly returns is -0.23.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and RMR?
Over the past 3 years, ENGN and RMR moved with a correlation of -0.23, which is negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.35) than the 3-year average (-0.23). Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -969.8 %².
Among the 35 assets we track against ENGN, RMR ranks #21 by 3-year correlation. The last year tells two different stories: RMR led by 85.4 percentage points, -56.0% for ENGN against +29.4% for RMR. One caveat on sizing: ENGN is 5.7 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 RMR: side by side
| ENGN (enGene Therapeutics Inc.) | RMR (The RMR Group Inc.) | |
|---|---|---|
| 1-year return | -56.0% | +29.4% |
| 5-year return | -80.6% | -25.0% |
| Volatility (ann.) | 156.3% | 27.3% |
| Beta vs S&P 500 | -0.97 | 0.70 |
| Max drawdown (3Y) | -94.9% | -45.0% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | – | 16.9 |
| Dividend yield | 0.00% | 9.23% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | RMR |
|---|---|---|
| 2022 | – | -13.9% |
| 2023 | -10.6% | +6.5% |
| 2024 | -28.0% | -21.5% |
| 2025 | +35.8% | -19.4% |
| 2026 | -78.8% | +41.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and RMR good diversifiers for each other?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
FAQ
What is the correlation between ENGN and RMR?
Using weekly returns as of 2026-08-27: -0.23 over 3 years, with -0.35 over the last year and -0.18 over 5 years.
Is RMR a good diversifier for ENGN?
By historical standards, yes. A correlation of -0.23 means the two rarely move for the same reasons.
What does a correlation of -0.23 mean?
A reading of -0.23 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
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Related comparisons
Hubs: ENGN correlations · RMR correlations
