ENGN vs SGHT: Correlation
Measured on weekly returns over the past three years, enGene Therapeutics Inc. (ENGN) and Sight Sciences, Inc. (SGHT) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ENGN and SGHT?
Over the past 3 years, ENGN and SGHT moved with a correlation of -0.26, which is 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 -0.26 over 3 years. Over 5 years the correlation is -0.22, and the annualized covariance of weekly returns is -3895.0 %².
Within ENGN's tracked universe of 35 assets, SGHT comes in at #26 by 3-year correlation. Correlation aside, the last 12 months split them widely, with SGHT ahead by 154.8 points (-56.0% versus +98.8%). Note the risk asymmetry: ENGN runs 1.6 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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 SGHT: side by side
| ENGN (enGene Therapeutics Inc.) | SGHT (Sight Sciences, Inc.) | |
|---|---|---|
| 1-year return | -56.0% | +98.8% |
| 5-year return | -80.6% | -73.7% |
| Volatility (ann.) | 156.3% | 96.0% |
| Beta vs S&P 500 | -0.97 | 2.34 |
| Max drawdown (3Y) | -94.9% | -81.1% |
| Market cap | $0.1B | $0.5B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ENGN | SGHT |
|---|---|---|
| 2022 | – | -30.5% |
| 2023 | -10.6% | -57.7% |
| 2024 | -28.0% | -29.5% |
| 2025 | +35.8% | +117.9% |
| 2026 | -78.8% | +6.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ENGN and SGHT good diversifiers for each other?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ENGN and SGHT?
The ENGN/SGHT correlation stands at -0.26 on a 3-year window (1 year: -0.05, 5 years: -0.22), computed from weekly returns as of 2026-08-27.
Is SGHT a good diversifier for ENGN?
Yes: at -0.26, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.26 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
$ curl https://www.pairbook.io/api/v1/pairs/engn-vs-sght.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/engn-vs-sght/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ENGN correlations · SGHT correlations
