ENGN vs RPT: Correlation
enGene Therapeutics Inc. (ENGN) and Rithm Property Trust Inc. (RPT) show a negative relationship: their 3-year correlation of weekly returns is -0.33.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and RPT?
On 3 years of weekly data the ENGN/RPT correlation comes out at -0.33, 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 (-0.33). The 5-year figure is -0.27, and annualized covariance runs at -2136.3 %².
Among the 35 assets we track against ENGN, RPT sits near the bottom by co-movement, at rank #34. The last year tells two different stories: RPT led by 48.9 percentage points, -56.0% for ENGN against -7.1% for RPT. Risk is not evenly split, since ENGN carries 3.8 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 RPT: side by side
| ENGN (enGene Therapeutics Inc.) | RPT (Rithm Property Trust Inc.) | |
|---|---|---|
| 1-year return | -56.0% | -7.1% |
| 5-year return | -80.6% | -69.9% |
| Volatility (ann.) | 156.3% | 40.9% |
| Beta vs S&P 500 | -0.97 | 0.96 |
| Max drawdown (3Y) | -94.9% | -64.6% |
| Market cap | $0.1B | $0.1B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 10.99% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | RPT |
|---|---|---|
| 2022 | – | -35.2% |
| 2023 | -10.6% | -9.5% |
| 2024 | -28.0% | -39.4% |
| 2025 | +35.8% | +1.5% |
| 2026 | -78.8% | -15.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and RPT good diversifiers for each other?
Yes. With a correlation of -0.33, ENGN and RPT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ENGN and RPT?
As of 2026-08-27, the correlation of weekly returns between ENGN and RPT is -0.33 over 3 years, 0.06 over 1 year and -0.27 over 5 years.
Is RPT a good diversifier for ENGN?
Yes. With a correlation of -0.33, ENGN and RPT have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.33 mean?
A reading of -0.33 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
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Related comparisons
Hubs: ENGN correlations · RPT correlations
